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Where do you suggest people invest their long term money to avoid the scourge of coke bros? If one is to believe the stereotypes, real estate and non-Super investments seem just as likely to face the same problems.
Website: https://roffey.au
Where do you suggest people invest their long term money to avoid the scourge of coke bros? If one is to believe the stereotypes, real estate and non-Super investments seem just as likely to face the same problems.
Cherry picking an article seems to suggest the US has similar problems https://www.investmentzen.com/blog/average-401k-return
Australia’s superannuation has improved over time. For example, the MySuper reforns led to consolidation and an exodus of underperforming funds.
A quick search on some of the biggest super funds in Aus shows returns of > 9% in a more equivalent, potentially volatile “high growth” fund.
There are funds that offer lower cost index-tracking products if that’s your thing.
The biggest problem, IMO, is financial literacy which needs to play a bigger role in education.
Why would it? Super is its own scam
Scam: a fraudulent or deceptive act or operation
Can you elaborate on super being its own scam?
Trying to talk to a human at the big tech companies is nigh impossible these days. It’s actually quite concerning how unaccountable they have become. If a billionaire can’t do it, what chance do us commoners have?