Australian Pension System:
Pay a financial advisor so they can advise you on your superfund who will pay an in-house team to search for a consultant who's specially is finding you an asset consultant. The asset consultants speciality is finding you funds. These funds are specialised in finding managers and these managers will invest in a portfolio of stocks almost indistinguishable from their index benchmark.
Sound lam, what’s solution?
Well we don’t have choice, with our own money and everyone is not financially aware and independent. I have opened the super account and the money automatically goes to the super, some governments like Aussie are doing good in protecting their people but at the end of day they have control and they invest in the index funds to maximise returns. Shares does have some value more than dollars isn’t it. ?
I've never liked Australian superannuation.
I setup a SMSF early on my bitcoin journey & dumped it all in. My self managed fund was more bullish on bitcoin that I was at the time.
In the 3 years I've managed it, it's sitting on a 30% CAGR.
