How Is Your Super Performing in This COVID Scenario?

In the current COVID situation I believe everyones super has taken a hit but I have heard a few who have made money so short poll to see where your super is

Poll Options expired

  • 8
    I lost 10%
  • 11
    I lost 30%
  • 12
    Cant see a difference
  • 16
    I gained 10%
  • 5
    I gained 30%
  • 3
    I withdrew my super

Comments

  • When the bushfires started - there was discussions at work about shifting your super to the most conservative. Luckily that worked out well for covid19…

  • Like a well performing roller coaster.

  • My balance dropped $46k from Jan to March. It has since regained $41.5k (of course with ongoing contributions). So still down overall +extra if you were to factor in projections prior to COVID.

    Still plenty of time to recover before I retire so not worried.

  • I'm not retiring for at least another 30 years (…if I even live that long!). No point stressing about any short-term losses on paper.

  • Australian Ethical growth option. Very tech and health weighted, im actually up.

  • You can look up the performance of all the investment options.
    “Super” is just the tax arrangements so everyone is identical. The underlying investments all perform differently.

  • Overall, I'm down 5-10% on a 100% growth orientated portfolio. Didn't change anything during the relevant period.

  • I had to access mine to get out of the shit, glad I did - I was eligible as well - but I’m feeling so much happier and less stressed debt free and with actual savings for emergencies/moving etc. I lost about 7k out of just over $30k prior, put remaining super into another super fund (Sunsuper), not eligible for the insurance at present so that’s been canned and switched to balanced index so hoping for a bit of growth from the savings on fees. Hoping choice of investment is a good idea

  • I went to cash before the market dropped, however didn't get back in at the bottom. Was up 20% at one point, however now back to +10%. Currently fence sitting on which way things will go with a lot back in cash now. I think COVID still has a long way to go and will likely play with the markets for another 18 months.

  • About 7% down in a very aggressive investment mix.

  • Compared to balance on Dec 31 2019, my current balance is 4.08% down. Only transactions since are the weekly management fees ($1.50 per week).

  • I switched to 90% 'High Growth' and 10% Balanced in March and its gone up. In the 6 weeks since 1 July 2020 its up 4.5%.