Has anyone got some experience in trading shares within ASX300 etc with the super? which camp are you with and do you its worth it? I am currently with? thoughts on Aussuper, ING and Hostplus.
Best SuperFund to Trade Shares
[Deactivated] on 22/05/2020 - 11:08
Last edited 22/05/2020 - 11:30
Last edited 22/05/2020 - 11:30
Comments
So he was trading shares himself with the super right? Maybe he didn't understand how the trades are done…?
He knew how trades are done. Buy high sell low. Speculative trading.
Super functions very well due to the diversified nature of the underlying investment options.
If you want to buy particular share you are beginning to speculate. You need to ask yourself, Why do you want to invest in particular shares? How will they compare over the long term compared to the market? Do you plan on doing better then the market? How are you going to do this? Managed funds on a whole don’t perform better then the market so why are you going to be different?
Maybe you plan on being more diversified investments like etfs. They reflect the market. The it becomes. How often to plan on buying? You then need to take into account stock brokerage. Also why use a super that reflect particular etfs like sunsuper does with vanguard.
Have a look or ask this question on the ausfinance subreddit.
Just set up a self managed fund of you're that keen. Though i strongly support comment above - dont.
An SMSF is only of benefit to those who wish to hold direct property investments. Unless you're looking to get REALLY funky (or have A LOT to invest), there are retail platforms out there that will give you practically everything you would ever want from an SMSF (other than direct property) without all the expense and hassle.
friend has telstrasuper fund and day trades on the asx200 in it.
as others have said just use a superfunds share option so not all you eggs are in the one basket, or day trade if you are prepared to cop a large loss
i had my entire super in the asx / us markets and have lost a tonne so far, but never sold so not bothered.
It's been a while since I've reviewed them, but take a look at AMG Super.
I've been using Australian Super for about 4 years. Easy to use, same as many share trading platforms.
I’ve found it’s easier to take a profit then cut a loss and sometimes have tried (unsuccessfully) to time the market and missed rises due to holding cash.
I would guess, if I’m being honest, I’ve underperformed a traditional balanced managed fund over the last 4 years. And spent a lot more time doing it.
Since your preferences are traded on 24H notice, you can only trade the big waves, and as such timing means small waves eat the differences you are chasing.
For example, I went to DFI and then cash prior to the March drop, so avoided the general ASX losses. Now sitting in cash, I've been missing the ups- and the effect of the diversified management Super provides for free. Waiting for the markets fall again, will probably change.
What do you suggest? I am thinking going with Hostplus and pay $180 P.A for the transaction (UBS) account setup and admin fee on the top of their normal annual fee.
It is very hard to beat the market without being in it 24x7, but if you can predict the overall effect on markets, you may be able to reduce the impact of cyclical impact. I'm yet to see if my efforts to limit market loss is any better than my super-fund's.
Leaving it to the pros at your fund is best, but no harm in changing the mix to your preference. I only know Aus Super, so can't advise on others. The control it offers allows you to decide your investment in about a dozen or so general 'fund' buckets- these don't represent market sectors- rather you can choose the level of market risk, the markets themselves, sustainable groupings, etc. The reporting is alright and updated daily.
However once you diversify your overall nest-egg into your chosen buckets, of course they diversify your investment inside those, so you can't choose industry sectors, let alone the types of securities or market funds. But it is far better than doing your own thing, unless you have the time, market info, tools and nouse to do it.
This is the bastard child Canberra built and broke with all their expert advice. It was for the masses, but serves the markets and the influential more. They have their own investment vehicles, can run them in a way that is far more tax effective, and get to manage risk on the fly to protect themselves against down-turns, and depressions.
Don’t.
Father in law did this for his and his wife’s super
He lost ⅓ for his wife and ½ of his super.