Money magazine Comments - Ask Paul: Why is my super losing money every week?

Comment by Money magazine ()

Money magazine () — Wed, 22 Jun 2022 09:18:08 +1000

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Comment by Harry Wan ()

Harry Wan () — Mon, 27 Jun 2022 13:41:55 +1000

Every financial advisor or money expert talks the same shit when ever there your super goes down and mention "oh history is on our side" .f**k off . You are all delusional if you think that you will have enough super to retire. Wake up people. No one is accounteable and companies give lip service . How about the government get rid of taxing super contributions, that would be a start . Remember every super fund has disclaimer " past performance does not reflect future returns" . It's a giant casino . Wake the f**k up everyone.

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Comment by Christina Faulk ()

Christina Faulk () — Mon, 04 Jul 2022 12:30:33 +1000

For months I was locked out of my HESTA super account (one of the old TAP accounts, that are no longer available). I finally filed a complaint with the Australian Financial Complaints Authority (formerly FoS) after weeks of frustration, and -wonderful to relate- did actually get some action - a three person phone call that -finally- allowed me to access my own account. I asked for a refund of the fees charged to my account while it was inaccessible and have just been offered the magnificent sum of $100.

Thanks HESTA - I'm locked into you for the next decade but I'll make sure I complain loud and long if this happens again. Lesson learned - if your super fund lets you down - report them to AFCA.

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Comment by Lindsay Robertson ()

Lindsay Robertson () — Mon, 24 Nov 2025 17:15:17 +1100

Totally agree. Our supeannuation should not be used as a gambling chip on the stock market. Its our retirement we are talking about. Lots of bludgers feeding off it. It should be nationalised and turned into a proper retirement fund with defined benefits. Time is on your side if you have time. Its the only thing not negoatiable. I put 30k in a year, we alldgedly have a bumper year and I come out either square or behind. Shell game. Needs to end.

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