Slowing property prices, impending interest rate rises and threatened changes to negative gearing have some millennials wondering whether property is still a viable investment.  In fact, you might be wondering this regardless of which generation you are from. Property investment is a big decision and the debt you’ll be facing will lock away a sizeable portion of your funds in the foreseeable future. So, as a millennial, if we can’t have our smashed avo and a house to go with it, what are the alternative options available to us with long investment horizons and a bit of change in our pockets? One alternative is stock market investing. In contrast to property, stock investments can be a bit of a rollercoaster ride because of stock market volatility. Additionally for those who are new or inexperienced to the stock market, it can be difficult to pick stocks not to mention the time and dedication required for picking those stocks.  That said, there are two ways you can go about inv

In  Part 1 , I talked about the type of superfund,  the return target and the level of risk taken.  Part 2 is about performance and fees. 3. Performance -   The median MySuper Balanced Option returned over 10% last year, how did your superfund compare to this? Although "past performance is not a reliable indicator of future performance", it still is AN indicator. The  chart below shows the median, top and bottom quartile performance for the defau lt MySuper Balanced Option of all superfunds over various periods to 30 June 2017. The yellow dots represent the median.                               Source: SuperRatings. Rolling returns to 30 June 2017.  Last financial year was a strong performing year, with global equities delivering circa 15% and Australian equities close to 14%.  With most Superfunds investing broadly between  55% - 70%  in Equities (in the Balanced Option), its no wonder that the median Balanced Option delivered over 10% for the year. The 10 yea

It was over a delicious Melbournian brunch with a group of girlfriends one fine afternoon that I realised how many of us need help with choosing a superfund.  Whilst it seems like an excruciatingly boring topic, it can make a big difference to you later on in life.  With a plethora of products out there, ads constantly shoved in your face, how do you know which superfunds are just flashy advertising, and which ones will actually deliver on their promise? As someone working in this space, I thought I'd impart some of my thoughts.  I've started with two simple and quick things that you can check (more on performance and fees in Part 2 ) : 1. What kind of superfund is it? There are two broad camps of superfunds, 1) Industry superfunds, and 2) Retail superfunds (aka master trusts or corporate master trusts).  Broadly speaking, industry superfunds are set up for the benefit of their members (and in fact the establishment of the compulsory superannuation scheme was born from the i