ANALYSIS: Why your super may not be worth as much as you think
— Hostplus, QANTAS Super Gateway and Christian Super — and even then, they only just scraped across the line, with the first-place getter achieving a measly 1.6 per cent return.Terrible news. Except, given what has occurred in the past six months, it actually is an astounding result, almost too good to be true. In fact, it may well be too good to be true.Most of it was delivered in the back half of the financial year.
Then there are bonds. These are debt securities — essentially IOUs issued by governments and big corporations — that trade on open markets just like shares. The only difference is that the bond market is infinitely bigger than stock markets and far more important.The most heavily traded global bond — which also happens to be the global interest rate benchmark — is the US government-issued 10-year bond.
But our superannuation funds have large investments in assets and companies that aren't listed or traded out in the open. And so, valuing them becomes an arbitrary process — a matter of opinion.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goat meat exports are booming, so why aren't more Australians eating it?Fewer than 10 per cent of goat meat produced in Australia is consumed here, but graziers and chefs say the lean, red meat has a lot to offer as an alternative to beef.
Read more »
New Zealand just extended its fuel price cuts - why can’t Australia do the same?Australian motorists are being warned to prepare for a jump in petrol prices within weeks as a cost-saving measure comes to an end.
Read more »
Why your friends are disappearing from your Instagram feedOpinion: Instagram's latest changes prove it: social media isn’t really about us any more. It’s just a place we get marketed to | msmegwatson
Read more »
Into thin air: Why is Australia facing a gas crisis?In recent weeks, the market operator has been forced to stage a series of dramatic interventions to stave off winter blackouts. Meanwhile, consumers are facing higher energy bills. How on earth did it come to this | joshgordon
Read more »
Why do the minority who haven’t had Covid account for most new infections?About 15% of people in England have somehow never had Covid, yet 55% of new cases are from this group
Read more »
March of the mudflats: Why two popular Cairns beaches could be doomed to disappearA leading geoscientist says two popular Cairns beaches will become mudflats over the coming decades, a revelation that would affect the beaches' waterfront home owners.
Read more »