Super crash

Well put Sim. And I would say most people would not be educated enough to be able to switch out and back in in a timely manner, so its best people just leave their money put.

Since I started tracking my super in May last year, its now down 37%.

What are the chances that the volatility on the downside will be complimented by volatility on the upside?

(cfs prop down 115%, cfs geared down 76%, plat asia only down 9%)

Isn't that exactly what we saw over the past 3 - 5 years? We had a strongly rising market. These markets will rise again eventually ... it's just a matter of when and whether you are prepared to hold on until they do.

Yep, in it till I retire. (I'm 40 now)

Far out and the media is reporting that super funds on average only lost 6.5%

Hi Voigtstr,

I would have thought once your CFS Property fund had dropped 100% of its value you would be at zero value.

Cheers,

Dan

Perhaps someone can point out if I'm doing something wrong with the math.

We have two numbers A (our starting point) and B (what the number has changed to overtime)

I was doing (B-A)/B*100

I can now see that it should be (B-A)/A*100

So the cfs property fund is now down approx 51% since entry. Thanks for the tip

Hi Voigstr,

I thought it was a typo when I saw it first

Cheers,

Dan

thanks for pointing it out... in hindsite something dropping more than 100% should have raised a red flag .

My super is down 25.39% since May last year.

Good, I don't feel so bad now, mine is down 24%. I only have 10 years left before retirement, so I hope it picks up by then.
It is amazing though, since 2002 when I put money into top up super it has only gone averaged about 3% per year.