Re:$2T in Proceeds of Corruption Removed from China and Take...
by a_bonobo on Sunday January 01, 2017 @11:11PM
(#13298988)
That's true, the Australian system of superannuation is actually pretty great, your job pays a portion of your income into your super which gets invested for you, you have some choice as to where it gets invested (high risk vs. low risk etc.)
However what I fear is that if the super isn't managed well, inflation hits, or you just don't build up a large enough investment the high rental prices in Australia will eat up the majority of your investment returns.
Re:$2T in Proceeds of Corruption Removed from China and Take...
by spoonie on Sunday January 01, 2017 @11:50PM
(#13299120)
But you don't fear buying a house that depreciates in value, or doesn't appreciate enough to cover mortgage interest, property tax, house insurance, and maintenance costs?
However what I fear is that if the super isn't managed well, inflation hits, or you just don't build up a large enough investment the high rental prices in Australia will eat up the majority of your investment returns.