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Raymond you have explained this extremely eloquently and clearly. Great advice. Well done Ive subscribed.

@raymondla

2 жыл бұрын

Thanks for that awesome feedback Steve, welcome aboard!

Really appreciate you explaining that it is a good idea to change over to high growth while in my younger years. I will do this tonight.

We knew what you meant at 1:48 - 1:54 lol. Thank you Mr La - such a good video you explained everything so well. New subscriber 👍

@raymondla

Жыл бұрын

Awesome! Thank you!

Can you please do a vid on cbus and what investment option to take (eg, High growth, growth or conservative growth) in today's climate with interest rates rising and inflation rising? Cheers

I'm pretty dumb but this explanation was pretty clear to me, thanks Ray! I've been having companies nominate a super account for me because I was negligent but I've now consolidated it all onto one account now 👍

@raymondla

Жыл бұрын

No problem mate we all start somewhere, consolidating all your accounts is a great first step!

@clashaustralia

11 ай бұрын

“Dumb”… you are looking up videos about your super and actioning things to get yourself on track… I think you are smarter then you give yourself credit for.

Great explanation, thanks mate.

@raymondla

Жыл бұрын

Glad it helped

Excellent explanation. Thanks.

@raymondla

Жыл бұрын

Glad it was helpful!

Great video, thanks! 👏

@raymondla

Жыл бұрын

No problem mate!

At video time 3:34, for fair comparisions, please also include top 5 non industry Super fund median and all non industry Super fund median.

Hey, would you recommend a high growth premixed option or something like a 70/30 international australian indexed mix?

I’m an international student and I need a superannuation and is being requested how do I go about it

Where should I put my insurances, inside super or outside? If outside, which insurance should I opt out? Thanks

Is there any link to which funds align with which unions?

There is never enough focus on the INVESTMENT fees. These tend to be scandalously high in superannuation funds in Australia. Much higher than if you were investing in the same fund outside super (for example an ASX index fund) while the default pre-mixed funds are eye wateringly expensive and should be avoided. There is no justification for this. The whole industry obfuscates as much as it can to hide these fees and the media also inexplicably seem oblivious too it as well. Another point is that the default options tend to be crammed full of unlisted assets that do not have valuations marked to market so the fund more or less gets to choose those valuations for itself. The problem with that is that they have an incentive to keep those valuations high to make their returns look good vs the competition yet they are largely just a rough guide only. Super investors have to be really on the ball to dig down into this info so as not to be ripped off.

I’ve been with UniSuper since the early 90’s and they have been extremely good and I will retire far batter off because of them.

@raymondla

4 ай бұрын

They're an awesome superfund for sure!

Thank you 😊

@raymondla

Жыл бұрын

You're welcome 😊

Where i do complaint if my employer not paying me super

Thanks Legend 👏

@raymondla

3 ай бұрын

No problem 👍

Usefull info..👍👍

@raymondla

Жыл бұрын

Thank you 👍

I'm with hostplus. While the fees are higher than unisuper it earns more on average. It would be interesting to know at what balance would it be best to switch from hostplus to unisuper given Unisuper earns less on average, but also has far less fees.

@tracenarms5045

2 ай бұрын

Yes this would be good. Using my terrible maths skills, I think you’d end up still better off with HostPlus by a few thousand at this performance rate.

I just read the latest product disclosure statement of ART, it seems to charge more now than 3 months ago, I was considering changing to ART.

@raymondla

2 жыл бұрын

That's a shame, any of the other funds mentioned on this list should still be perfectly fine options tho!

@Wyiyi1111

2 жыл бұрын

@@raymondla Agree, I picked Unisuper then. Thanks for the great advice 👍

@onoyoudont

Жыл бұрын

This also is financial advice. Are you an adviser?

@onoyoudont

Жыл бұрын

Financial product advice The law: Financial product advice is a recommendation or statement of opinion which is intended to influence, or which could reasonably be regarded as being intended to influence, a person making a decision in relation to financial products.

👌

Nice vid

@raymondla

2 жыл бұрын

Glad you enjoyed it mate

Hey Raymond! I’m currently with REST super and was thinking of changing! Do you think i should change to another super and which one or stay with Rest?

@raymondla

2 жыл бұрын

Hey Sosuke, REST is also an industry superfund so in general if you've been happy with their performance I don't think there is a need to change!

@sosuke4129

2 жыл бұрын

@@raymondla I wouldn’t mind looking for something if a better performance and return!

@onoyoudont

Жыл бұрын

@@raymondla You’ve just given this person financial advice. Are you an adviser?

@onoyoudont

Жыл бұрын

Financial product advice The law: Financial product advice is a recommendation or statement of opinion which is intended to influence, or which could reasonably be regarded as being intended to influence, a person making a decision in relation to financial products.

@fanyoctavia3260

11 ай бұрын

Hi sosuke, I also use REST, the fee every month is around $62, I was thinking to change as well to see other superannuation that will give best return and low fees

What blows my mind is that there are people in this country particularly a part of the liberal party who believe that superannuation serves no purpose and that superannuation is not fit for purpose and that superannuation shall be abolished

@info88w11

Жыл бұрын

Should not be compulsory if you can show on ongoing basis you have your own assets (not including your house) outside super system to cover your retirement

@tomchristopoulos-xn2yj

Жыл бұрын

Its for the big boys to eat of the poor members they rip off...

@banamourfell1249

3 ай бұрын

​@@info88w11im young and dont understand why you say this could you please explain why that it shouldnt be complosery.

Hi Raymond, I will open my super account now. I will have 20 to 30 years before retiring. Can you tell me which company and which options is best for me now? Please

@raymondla

6 ай бұрын

Any of the industry super funds that I've talked about in the video would be a great option!

Hi Raymon, I am a backpacker from France, I wanted to open an account and I came across your video. Is it the same system as the banks to close our account and get our superannuation back? Thanks

@johnypirelli1118

Жыл бұрын

Must be Australian citizen to be eligible for Super. It is not an account you open but an employer has a legal obligation to do so on your behalf if you have an Australian Tax Office number .

@danielroberts4821

Жыл бұрын

@@johnypirelli1118 100% false information, I am a backpacker and have a super, every single one of my friends who are not citizens have a super. Only problem is that when we want to leave Australia, the Government will tax the account at 65% meaning we only take home 35% of our Super

@omarelrhali3488

9 ай бұрын

Hi Daniel , I am a backpacker too. Can I ask you how to request the superannuation money when you want to leave the country? Thanks mate

Hi I am 21 years old and I am with uni super sustainable high growth, would you recommend I change or am I in a good super and a good strategy.

@raymondla

2 жыл бұрын

Hey there, I think you have a good strategy already so I wouldn't change it! 🙂

@epistarter1136

Жыл бұрын

Out of curiosity why did you choose the sustainable high growth option as it says there's a high risk level tho I don't know what the risk is. Am 19 years old and am trying to get a super with unisuper but don't have an idea of which one to choose and if it does go on the negative side would I just change to a different super?

@dinor6408

Жыл бұрын

@@epistarter1136 Hi I am still with sustainable high growth and probably won't change until I am deciding to take it all out only reason why its smart for us to go with a high growth option is because of our age the good thing about supers is that over long term there always profitable so why wouldn't I go with a higher risk option if the only down side is it could be bad if i want to take the money out in the near future but over a long period of time which our age indicates it will be its always better to go the slightly riskier option, hope I have answered your question and have helped. to sum it up its only risky if you want to take out the money in a 5 year or less timeframe if not there's no extra risk.

@epistarter1136

Жыл бұрын

@@dinor6408 easy I'll definitely choose that then, I'm not too in need of money so it's def a good option for me thanks 👍

@onoyoudont

Жыл бұрын

@@raymondla again this is financial advice.

I want to invest in high growth. Do I invest all 100% into high growth? or do you split it up between groups?

@raymondla

5 ай бұрын

I personally just have it 100% into high growth

@hairypawter8475

5 ай бұрын

@@raymondla Thanks!, i think ill go with that option

@Samratpandey7529

Ай бұрын

​@@raymondla Is in index high growth or in active one??

Hi Raymond, Excellent video. I just subscribed to your channel. I am with BT super and it is performing very bad . Can you please suggest a good super fund for me .

@raymondla

Жыл бұрын

Hey Damodhar, thanks for the support! Any one of the funds that I've mentioned in the video should be excellent choices, I am personally with Australian Super.

@onoyoudont

Жыл бұрын

@@raymondla again, this is financial advice.

who are you with Raymond? thanks

@raymondla

Жыл бұрын

Hey I actually reveal my superfund here - kzread.info/dash/bejne/doGk16qjaLmoY6w.html

Hostplus you put example here is probably not the index option. It is the managed option, hence more expensive. Is that right?

@raymondla

Жыл бұрын

Hey mate that is correct, the pre-mixed options are managed funds and so will have higher fees in comparison to the indexed options.

Is there an indirect way to invest in rare metals like gold mining shares and if it's a viable in your mind? I know you can't give advice just like anybody else in the industry , advice is like hens teeth as if there going to give away nationl secrets to NZL..ANZ smart super choice . Also did you mention if you can change your super fund at anytime as you said most are available now ? Good stuff, and good luck self retiring with super. Its just about a waste of time with no tax incentives and big fees . What a big lie and corruption breeder . How many Union funds are just to juicy to resist ?

Australia is super generating many billionaires other than those who own that money. More importantly many immigrants hold that money which will get that after massive deduction than value being appreciated. Why don't they be invested in long run public investment than high risk or volatile share busting unfair share holders income from zero to billion next day. Now labour raises the issue and there are earthquakes. Those who have a mighty darling night with a loved one with labour money have woken up with big sock and heavy current belief that they are a big loss within the next hour. So again this money will work against this policy. Act fairly, if someone wants to buy the house with their money then why not? Or want to borrow with minimal interest rate than why not. Who already used to in looting makes the rules for the rest and how it will work for many other than to themselves who make it. The other problem is pokes, why don't we send money in a card that will only activate in real estate portal or any portal that is either investment other than pokes. If pokes is becoming such a deadly issue why don't we have other policies to protect from it, it is far more simple to maintain and control it. Technology is already in such a vast development anything is possible without any closer look.

None of them they,re all scammers.