#Superannuation #HealtheealthcareSuper #Hesta #AustralianSuper #Hostplus
Hey there! 👋 So I know the struggle of trying to pick a super fund can be real, especially when you’re bombarded with so many options and information. But fret not, you’re not alone in this journey! Here are some tips to help you navigate through the super fund maze and make a decision that best suits your needs:
Research beyond just the default option – while Hesta may seem like a good fit based on their values, it’s important to consider other factors like fees, performance, and investment options before making a final decision.
Consider your investment strategy – since you mentioned you’re young and looking for aggressive/high growth options, make sure to compare the investment options offered by each fund to see which aligns best with your risk tolerance and financial goals.
Seek advice from others – reaching out to people who are with the funds you’re considering can provide valuable insights and personal experiences that may help you make a more informed decision.
Utilize tools and resources – if numbers and finance aren’t your strong suit, consider using online calculators or speaking with a financial advisor to get a clearer picture of the potential returns and fees associated with each fund.
Remember, it’s okay to feel overwhelmed, but taking the time to thoroughly research and compare your options will ultimately lead you to the super fund that’s the best fit for you. Good luck! 🌟
Just pick a reputable industry fund in the top 5 performers over the past 10 years. Higher risk default option given you are young.
Past performance is no indicator of future returns anyway so you are trying to split the atom on something even seasoned finance professionals can’t predict.
Spend more time thinking about how to get money into your super.
It doesn’t matter
No need to be overwhelmed you can’t even touch it till you are like 70 with the assumption the government has of still breathing
[https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?gid=761519652#gid=761519652&fvid=461314664](https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?gid=761519652#gid=761519652&fvid=461314664)
How did I choose my Super? (This is not financial advice, just my personal approach. You should do your own research):
1. Under the Aus/Int tab, I used the filter to keep only the “**passive**” options, as research shows active investing is more costly and often less effective (with active investing, you rely on someone to beat the market).
2. When investing for decades, I avoid Australian shares since they make up only 1.8% of the global stock market. Additionally, since my job and house are in Australia, I prefer not to be too dependent on the Australian market. Therefore, I focus only on **international** shares.
3. Hedging is unnecessary for long-term investing, so I choose an **unhedged** Super.
4. Hostplus and Rest offer the cheapest passive, unhedged, international Super options for a low-balance account.
Again, this is they way I did it but it’s definitely not for everyone. Always consult with a financial expert before making a decision.
I like these:
* Hostplus: cheapest Indexed options
* ART: diversified Indexed options, still relatively cheap
* Vanguard: cheapest lifecycle option, auto adjusts as you age
* AusSuper: cheapest managed options like High Growth
High growth typically have higher fees. I just do a 70/30 shares split (international/aus shares). It’s very high risk but in the 20s/30s/heck even 40s if the market crashes there’s time for it to recover.
I thought hesta was a good one? I was with hostplus but I moved to hesta once I finished in hospitality and went to healthcare.
Aus Super for me has done me well 22% for the year
I was givt employee when i started working so was with Q Super. Then i moved private and was with Sunsuper.
Then it all opened up so i contributed to QSuper. Was just about to roll the Sunsuper inti Q & ….they merged and became Australian Retirement Trust.
I’m happy with them. Q Super was always one of the top performers and Sunsuper good too.
My daughter just got her first job and she’s joined Australian Retirement Trust
Take a look at barefoot investors advice on selecting a super fund: https://www.barefootinvestor.com/hostplus
Just make sure it’s low fee (less than 0.85%) and high growth (given you’re young / under 45).
HostPlus, 100% International Shares Indexed.
HESTA would be an option, have a range of investments you can choose. Member owned for health workers, I believe.
Not a physio but worked around planning previously.
I’d say any of the industry funds will give you the low fees with comparable risk/ return so Hesta is right up there.
Does it matter?: probably not if all you’re saving is a few bucks on fees. Your decision now is not irrevokable. Depending on your professional success, you might even be looking at self managed super down the track. A later rollover to a different fund is easy and cheap so you don’t have to stress about it now, nor spend ages tinkering or watching market movements. That way lies madness.
The important thing is that, all else being equal, you should be looking at as aggressive a portfolio as you can, based on your age. Ignore anyone who recommends a single undiversified portfolio. (Looking at you 100% International shares guy. )
The only caveat might be that large ‘alternative’ investments in industry fund pre-packaged options might represent city office blocks that could need revaluing down soon. If keen, you could self select to match their aggressive option without the unlisted alternatives.
An important slightly associated issue is life insurance. Being an employee is different to hanging your shingle out but you still want to have a safety net commensurate with your investment in yourself to date. You’ll want something that will grow with your needs and income rather than being stuck with a default super policy that the trustees control. That will probably be a hybrid retail/ super owned set of policies.
Back in the day, retail insurance came with special benefits for health professionals, such as in Income Protection, but recent reforms might have killed them off. Hit up a planner to see if there’s anything out there now. APA might have some pointers too.
Then stop worrying, and only look at it in March each year for any adjustments or pre-30 June contributions.
After reviewing a lot of info I went with REST, 70% indexed international shares, 30% indexed Australian shares.
I’m with hesta high growth. Kids are with hostplus
Happy with my ART in Aussie and international index 30/70
I think the best advice you will get here is to invest in a high growth fund for at least 35 years then at 60 if you want to be safe move back to the standard/core/default plans that aim for circa 8%.
Some of the high growth funds are hit and miss but as a rule when one does well they all do well with some making 19% in the good times which off sets any issues with only getting 6% in the lean years. naturally it won’t hurt to set and forget a salary sacrifice at a fixed % once you find the right % for you. Good Luck.
Hostplus is great. They do well. Low fees, good returns.