Hostplus Indexed Balanced Super (for a Dummy)

DryingPan on 03/11/2020 - 00:38

Like every man and his dog I've had a read through Barefoot Investor to get a better savings plan in place.

Super was always something that was just kinda 'there'. And understanding it better was always on the to-do list.

Scott P (and many others since) have raved about Hostplus's Indexed Balanced Fund but I'm a little lost on how to go about opening an account? Their website makes navigating the process a little daunting for noobs like me.

Being so popular right now, part of me expected a button on the homepage pointing me to "the fund Scott Pape likes".

As always, any help is greatly appreciated.

Cheers

Financial

Related Stores

Hostplus
Hostplus

Comments

  • life is suffering on 03/11/2020 - 01:15
    +1

    https://hostplus.com.au/super/join here?
    the home page join doesnt work for me . You would expect it to work for a fund website lol

    • theknight27 on 03/11/2020 - 03:07

      That's the link! Follow the steps, make a new super account with them and then you can roll the super from your other account in via the ATO.

      Log into the ATO > Super > Transfer. It may take a little while for the new account to show up is all.

      • DryingPan on 03/11/2020 - 07:44

        Thanks Guys. Follow up dummy question, I gather the process is to set 100% of the investments as 'indexed balanced'?

        • soan papdi on 03/11/2020 - 08:24

          That's right. IIRC their default fund is Balanced. I left it there for a few years before noticing my mistake.

          • theknight27 on 03/11/2020 - 17:54

            @soan papdi: Yeah, I've been with Index Balanced for 2 years now, and it was their only fund that still had a net positive increase over the last 8 months IIRC.

  • DryingPan on 03/11/2020 - 08:41
    +1

    MVP cheers

  • MelbEng on 03/11/2020 - 12:02

    I’ve just completed this process and can offer this advice:
    1. Once you join up, phone up and ask for online registration
    2. You can then login to your account and ask for your other super accounts to be transferred into Hostplus. You just need to provide the other account membership numbers. It takes about a week.
    3. The default account is not the Scott P recommended indexed balanced fund. However once you are logged in, this is easy to change to. You have the choice of what percentage of your balance you would like in each find type and if it is just current balance or that plus all future deposits. I chose 100% and current and future.
    4. Have a look at their fees table to see the account Scott refers to. It has the lowest fees.

    • nickyd84 on 04/12/2020 - 20:18

      why did you ring up? I just joined and clicked 'log in online', easy!

      • MelbEng on 05/12/2020 - 17:38

        Didn’t notice the online registration for online access. Thanks for pointing that out. That’s easier.

  • brad1-8tsi on 03/11/2020 - 12:46

    BFI is a great starting point but it isn't "the best of the best" (it can't be as it's out of date as soon as it's printed). It also doesn't really take into account risk profiles (it's good for plodders IMO).

    You can do a lot worse than Hostplus's Indexed Balanced Fund but you can also do slightly better if you don't mind risk or have a low balance.

    Qsuper is totally percentage based fees. If you choose the AU equities and Int'l equities options it works out at $2.50/yr on a $1k balance. Sure it should be revisited as you hit ~$50k, $100k, etc but it's mega-cheap and good performance if you are just starting out.

    PS: If you are having issues with any of the superannuation websites then ring their help line. They are generally very good and will step you through how to join.

    • DemocracyManifest on 21/11/2020 - 14:38

      Yeah shit I think qsuper might be a bit cheaper for me than Sunsuper on that basis…

  • Candour on 03/11/2020 - 19:34
    +1

    ask for a pdf and read it.
    compare the fees for each option.
    indexed is dangerous in a recession = now.
    they have managers you can directly invest in.
    you can mimic the indexed allocations by using choice + [extra cost] and etfs.
    I am currently in diversified interest.
    fixed deposits may be good now.
    the world is risky and uncertain now.
    minimise risk until the US election is over and covid ends with a vaccine.
    preserve capital.
    a balanced index fund is high risk.
    the pdf will show this also.
    check Q super as well, but I found host+ had lower fees.
    learn how to invest and trade.
    learn about etfs.
    learn to research shares and bonds, and other assets like gold even.

  • [Deactivated] on 03/11/2020 - 21:44

    Some info here

    https://hostplus.com.au/self-managed-invest/your-tailored-in…

    You can mix and match different investment options easily in their portal it’s user friendly, switching between them also easy.

    If you want to set and forget you can do a lot worse than index balanced, whether it’s right for you depends on a lot of things - balance, risk appetite, time until retirement, other investments etc.

  • DryingPan on 05/11/2020 - 18:19
    +1

    Thanks for all the info Guys, it's very much appreciated.

    I've been working full time for a decade (since 18) but feel like I've only started getting my head around finances the last 2.

    Super is just the latest baby step. Next is ETFs

Login or Join to leave a comment
Login Join