I have recently started investing with 2 partners.
Things are moving ahead slowly but with the recent changes to superannuation we are looking at starting our own super fund and rolling over existing funds into it.
Using this money to invest and giving us a bit more buying power.
My question would be is this a good idea?IMHO taking control of your investing affairs, including Super, is ALLWAYS a good idea.
Unfortunately, in its effort to protect average joes from themselves, government legislation and regulation enshrines mediocrity in the results possible by traditional “safe” investments. Worse is, if you read and believe books like Prophecy by Robert Kiyosaki, the government might have legislated a guaranteed loss of money for the general population by being so paternalistic.
The solution is knowledge. Most average joes are too lazy to seek it and too lazy to give up their Saturday arvos at the football to study it.
The execution may be to hire experts but you need the knowledge first in order to properly instruct them and to properly assess the quality of their expertise.
So, get savvy, then go for it!
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