Been with REST for quite a few years but was considering swapping (if it was worth it)
Can anyone comment or recommend a comparable or better super fund that won’t kill me on the fees but also is a decent performer.
Is there anything I should be keeping an eye on or looking for ? Thanks for the help.
why these guys though?
Media Super is the industry super fund for print, media, entertainment and arts, and broader creative industries
Performing fund
I think you should win the award for Ozbargain's worst joke ever! LOL
@randomusername2017: I know the fund because I've done a lot of work on it, but I couldn't figure out how it related to OP's post! Now I do! haha
Not mine
There's a lot of things to consider and, with such a generic question, you're unlikely to get the answer you're looking for here.
See a financial advisor who can sit down and explain the elements of Super and then you can decide what your priority list looks like..
Super is a tax structure.
The money held in that structure can be invested in many ways. Rest has a default investment that has performed well.
Look at Canstar for a comparison of super funds, but you are unlikely to do better without a lot of effort.
You could also check out www.superguide.com.au for info on fund performance comparisons, you need to read as much as you can. Different funds have performed at different levels based on their various investment options. 2020 has also been a roller coaster for Super due to the Pandemic. If your in anything other than something of a conservative nature it’s been a very bumpy year. The equities markets are also still bouncing around which will flow onto Super performance.
all the good info requires a subscription.
"Past performance is not a reliable indicator of future performance."
This is so true, so many people have been proven wrong due to covid19 revealing the funds for what they are.
stick to industry funds.
i used aust super, hesta, and now with host+ which has the best active manager options which other funds may not.
their fees are lower too. h+
you can save more if you invest in etfs.
make sure you know the risks which earn your return.
Best Performing Super Fund?
Past performance does not guarantee future performance.
Instead:
can you give an example of the above if possible? just trying to follow the equation.
Industry funds are not-for-profit. Also the biggest is usually the lowest cost - there are significant fixed costs. E.g. Australian Super.
Choose asset allocation based on your age/risk profile, etc. Might need to see financial adviser. I can't give specific advice because I am not licensed and don't know your individual situation. E.g. In 100% cash before Covid due to strong run up in stock market early in year. Switched to 100% Australian shares during Covid downturn.
Your benchmark is "Australian shares" (but note the subset for your super fund). Over time if you keep on switching check your performance vs say a balanced fund return to make sure you are adding value and not detracting value.
what happens to the insurance side of things when you cancel a super account? we lose all benefits? can we have the same arrangement with the next one ?
This is Rest's past investment performance. It's nothing to write home about.
https://rest.com.au/member/investments/performance
Core Strategy 7.79%, 6.84%, 6.02%, 5.39%, 1.37%, -1.59%, 4.33%, 2.81%
I disagree, considering the core strategy is comparatively low risk, with a diverse range of assets. 7%+ over 10 years is pretty great considering even with the volatility of recent periods the return has remained positive for all but a brief window.
A higher weighting to equities would have done better, but with more risk and more periods where selling would have been at a loss. A lower risk pool of assets would have done worse. shrug
The open question for me is whether the commercial real estate a lot of industry funds hold will perform in the next few years. But those investments have been a great hold in the declining rate environment.
Anyone that is satisfied with a 7.8% ROI investing in equities is doing it wrong. I can’t imagine anyone being happy with $7.80 per $100 before accounting for tax and inflation.
The core strategy is: A mix of shares and bonds (both Australian and overseas), property, infrastructure, alternative assets and cash.
If you were happy with the risk of an equities only investment, this wouldn’t be a good choice for you.
But an equities only investment probably isn’t ideal for super.
And if you think 7.8% is a poor return, you will need to learn that lesson the hard way.
Looking at the economy, you might get to learn it reasonably soon!
@mskeggs: Agreed many people fail to see strategy in their investments; comparing apples/oranges with their share portfolio returns in the last 10 years of bull market vs the point of Super.
generic question that can't be answered without knowing risk profile, age, income, blah-de-blah.
you may as well have asked "Who should I swipe right on?"
Rest just lost ~1% last year and is increasing the fee in Nov (I lost $1000+ last year….). I did a bit research and AustralianSuper did really good and still earning 1% last year, the fee is slightly cheaper than Rest too. I will give them a try.
https://www.mediasuper.com.au/