Making itso
A seriously simple question on super
In his usually entertaining and succinct
fashion, Nick Bruining ponders why more
of our nation’s bulging superannuation
funds are not directed towards the
resources sector, where financial
investment is sadly flagging. In the
hands of an intelligent commentator
such as Nick, with his factual substance
and amusing perceptions, his question is
one whose time has come.
Nick Bruining
Certified Financial Planner
NC Bruining & Associates
Ahh, there is nothing like an election to clear
the air. Well, so the theory goes, although
there is plenty of evidence to suggest
that we tend to clear the air all too often.
Three years is barely enough time to work
out where the coffee machine is, let alone
bed down policy that will steer the great
ship Australia in the right direction.
Perhaps this electoral cycle instils an
unhealthy short termism that sadly finds
its way into the investment decisions and
expectations of Australian investors. The
irony is that the majority of Australians’
most significant investment, beyond the
family home, is entirely dependent on long-
term performance.
At
$1.6
trillion,
Australia’s
superannuation system represents a
staggering sum of money in a single
form of structure. Add to that the steady
At $1.6 trillion, Australia’s
superannuation system
represents a staggering
sum of money in a
single form of structure.
Finucane Island
Simon Phelps Photography
Minesite 2013
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