Skip to main content

5 ways to get active with your super

Most Australians are passive when it comes to super; they let it sit there. But these five simple action steps can actually boost your chances of retiring with more.

Around 9.5 million - or 80 per cent - of Australians sit in what's called 'default' super. When they get a job, they go in the automatic 'default' option.1
"There is a danger in that, because it may or may not suit you," says Westpac Financial Planning Specialist, David Simon. "A lot of people got caught out massively in the GFC just because they didn't take the time to invest in something they're comfortable with."
Get active with your investments
The alternative to being passive is to get active; to become engaged with super. Simon says there are no guarantees with anything, but getting more active with your super means there is a greater prospect of retiring with more money.
The key to getting more active with super is to recognise that you not only have control over what you invest in, but also lots of opportunities.
Simon recommends these five simple ways to get more active with your super:
1. Choose your goals

Get active and set goals. Work out when you want to retire. Is it 60 or 65 or 70? When do you need to access your super money? How much do you need to retire on?
You can then work out the difference between where you are now and where you need to be. You might have to save more, or invest in higher-returning assets.
2. Choose your investment mix

How much you retire with depends largely on your investment mix. One of the most important choices is between 'growth' and 'defensive' assets.
Growth assets, such as Australian shares, are more volatile. But over time they generally return more, so have the potential to boost your super savings. More conservative defensive assets, such as bonds, might help you sleep at night because they don't move around as much. But, compared to growth assets, history has shown that they under perform in the long run.
The key is to get active and choose the investment mix that suits you and your goals.
3. Consider buying direct shares

Do you have an insight on a key stock, like Telstra or a bank? Many superannuation funds now allow you to buy actual shares. You don't have to hold your entire super in managed funds where a professional picks the stocks and enjoy the benefits of having direct control.
4. Diversify

And you're not restricted to just Australian shares. There are a raft of other investment optons such as international share managed funds which could include companies such as Google, Apple and Microsoft. You could also consider a whole range of alternative assets including property, alternatives (including foreign currency and gold), fixed interest and cash. Depending on your superannuation structure you could also hold collectibles such as art work and vintage cars!
5. Get ethical

What if you're concerned about the impact some companies have on the environment? You can make a powerful statement and choose an ethical managed fund that screens out stocks that you think could be harming society and the planet.
"The more effort you put into superannuation, the more you study it and engage with it, the more you're likely to have a better outcome," Simon says.

Popular posts from this blog

Hidden Wiki

Welcome to The Hidden WikiNew hidden wiki url 2015 http://zqktlwi4fecvo6ri.onion Add it to bookmarks and spread it!!!
Editor's picks Bored? Pick a random page from the article index and replace one of these slots with it.
The Matrix - Very nice to read. How to Exit the Matrix - Learn how to Protect yourself and your rights, online and off. Verifying PGP signatures - A short and simple how-to guide. In Praise Of Hawala - Anonymous informal value transfer system. Volunteer Here are five different things that you can help us out with.
Plunder other hidden service lists for links and place them here! File the SnapBBSIndex links wherever they go. Set external links to HTTPS where available, good certificate, and same content. Care to start recording onionland's history? Check out Onionland's Museum Perform Dead Services Duties. Introduction PointsAhmia.fi - Clearnet search engine for Tor Hidden Services (allows you to add new sites to its database). DuckDuckGo - A Hidden S…

[SOLVED] IDM WAS REGISTERED WITH A FAKE SERIAL NUMBER

[SOLVED] IDM WAS REGISTERED WITH A FAKE SERIAL NUMBER
Good News [May 08, 2015]: IDM developers got smarter, but the crackers are always a step ahead. Follow this article and send an email to uglyduckblog@gmail.com if you are desperate. I can NOT post any crack here for legal reasons. Happy Downloading with IDM. ;) *********** first tip is to use latest crack for idm from  onhax.net idm universal web crack and make sure u are using all latest vers I am sure many of us are too much dependent on Internet Download Manager a.k.a. IDM. The main reason didn’t permanently switch to linux was IDM. I mainly use it for batch downloading and download streaming videos. Till yesterday, IDM was working fine with me (of course with fake serial numbers, keygen, crack, patch etc. which could be found with little effort). But few days ago, with the latest update version 6.18 build 7 (released on Nov 09, 2013) Internet Download Manager was literally had a breakthrough and crushed all the serial numbers, …

DoubleAgent Attack Turns Your Antivirus Into Malware And Hijacks Your PC



Short Bytes: Cybellum security researchers have uncovered a new attack mechanism that can be used to take control of your antivirus and turn it into a malware. Called DoubleAgent, this attack exploits an old and undocumented vulnerability in Windows operating system. This Zero Day code injection technique affects all major antivirus vendors and has the power to hijack permissions. The security researchers from Cybellum have found a new technique that can be used by the cybercriminals to hijack your computer by injecting malicious code. This new Zero-Day attack can be used to take full control over all the major antivirus software. Instead of hiding from the antivirus, this attack takes control of the antivirus itself. Called DoubleAgent, this attack makes use of a 15-year-old legitimate feature of Windows (read vulnerability)–that’s why it can’t be patched. It affects all versions of Microsoft Windows. Cybellum blog mentions that this flaw is still unpatched by most antivirus v…