Eject from Spaceship Super?

[ilovegodsite]

@church2u2 Do you have an update on how the switch went?

 

[church2u2]

@ilovegodsite Yep, was seamless. I’m with vanguard now and the fees are much lower with a higher target return

 

[xhdskip]

@church2u2 put it all into a smsf and chuck it all a single stock with a market cap of

 

[trottie]

@xhdskip Didn’t realise this Wall Street bets haha

 

[rpea]

@xhdskip Community service to peeps who didn't get the implied /s: Don't put all your eggs in the same basket!

 

[miguel94]

@rpea Some idiots don't get it that there is a time and place for BS sarcasm.

 

[jerry20705]

@xhdskip Based and /r/asxbets pilled

 

[apologetics146]

@xhdskip This is the way

 

[conandew]

@church2u2 Better performance this year does not justify the ridiculous fees. The equities markets have been rising significantly and 12.5% p.a. is not that spectacular. DHHF as a diversified equities fund for example returned 17.74% over one year to end of Jan, if you take away 15% of that for the max tax in earnings in super, that is still over 15%.

The thing is, when we eventually encounter a down year, you would still be up for those ~=1% p.a. fees….

Fees do matter.

 

[church2u2]

@conandew Thanks, whilst I haven’t done poorly in this fund, I am going to take the opportunity to switch out. A long term goal of CPI + 2.75% appears too low a target for the fees I am being charged.

 

[cali85]

@church2u2 SELL SELL SELL

 

[sagebrush]

@church2u2 It’s a bucket of shit that’s marketed well

 

[thinzie]

@church2u2 I remember when everyone got sucked in to this rubbish a decade ago