Australian Politics Forum - First Guardian Super fund loses all their money:

Bobby. Gold Member Offline Australian Politics Posts: 111796 Melbourne Gender:	Re: First Guardian Super fund loses all their money: Reply #45 - Jul 16^th, 2025 at 9:36pm Sprintcyclist wrote on Jul 16^th, 2025 at 9:32pm: Investing is really hard. I have done it for decades. It does not get easier Yes I've heard that amateur day traders on the stock market regularly get badly burnt - those in derivatives even worse.
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Yadda

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A cat with a view

Re: First Guardian Super fund loses all their money:
Reply #46 - Jul 16^th, 2025 at 11:18pm

Bobby. wrote on Jul 16^th, 2025 at 5:32pm:

Too many scammers in the super industry.

Nail said they skim off $30 billion per year in fees. Roll Eyes

A FUNDAMENTAL PROBLEM WITH OUR JUSTICE SYSTEM

Q.
Why do things like this happen, and keep happening, today ?

[i.e. miscreants, ripping off, the assets of others.......
progressing all the way in our society,
to our LAWMAKERS telling porkies during election campaigns,
in an effort, to subvert the electoral process, so as to get elected,
AND then, also telling porkies,
AND also acting corruptly, while conducting the 'affairs' of state.]

ad infinitum, in our 'modern' 'sophisticated' western societies today......
we see examples, of 'people behaving badly', violently, corruptly, oppressing others.

BUT WHY, DO WE SEE THESE THINGS HAPPENING,
AGAIN, AND AGAIN, AND AGAIN ?

miscreant = = a person who behaves badly or unlawfully.

ad infinitum = = endlessly; forever.

A.
Because we are societies......'in our nature' who have chosen,
to allow miscreants, to abandon personal accountability, for wrongdoing.

A.
And because there are no [real] consequences.....for murder, for robbery, for corrupt actions, or for egregious theft.

We need to bring back public executions.....for really bad [and harmful] crimes.
.....for crimes which tear at 'the fabric' of our society,
and destroy, the confidence
[which each one of us, should have a right to expect]
from our [paid for] JUSTICE SYSTEM.

We need to see punishment [after lawful conviction].....
which is commensurate with the crime that was committed.

egregious = = outstandingly bad; shocking.

commensurate = = corresponding in size or degree.

SOFT-COCK

.

Our societies are in a terrible, LAWLESS state, in this current age.......

We all see it.....happening, in front of our eyes.

And yet the majority of men today, will insist,
that we [mankind] have no WANT, or NEED, for any serious consequence,
for the breaking,
of laws such as these.

----- >

Matthew 19:17
[Jesus said].....if thou wilt enter into life, keep the commandments.
18 He saith unto him, Which?
Jesus said,
Thou shalt do no murder,
Thou shalt not commit adultery,
Thou shalt not steal,
Thou shalt not bear false witness,
19 Honour thy father and thy mother: and,
Thou shalt love thy neighbour as thyself.

e.g.
Please explain to me.....what is 'out of place', or what is wrong,
in the consequence required [as per...Deuteronomy 19:19].....
if a person is proven to be a false witness [against another individual] ?

BUT......our judicial system would 'never dream' of inflicting a punishment for a criminal act, in this way.

WHY NOT ?

Deuteronomy 19:16
If a false witness rise up against any man to testify against him that which is wrong;
17 Then both the men, between whom the controversy is, shall stand before the LORD, before the priests and the judges, which shall be in those days;
18 And the judges shall make diligent inquisition: and, behold, if the witness be a false witness, and hath testified falsely against his brother;
19 Then shall ye do unto him, as he had thought to have done unto his brother: so shalt thou put the evil away from among you.
20 And those which remain shall hear, and fear, and shall henceforth commit no more any such evil among you.
21 And thine eye shall not pity; but life shall go for life, eye for eye, tooth for tooth, hand for hand, foot for foot.

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"....And he said unto him, If they hear not Moses and the prophets, neither will they be persuaded, though one rose from the dead."
Luke 16:31

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Bobby.

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Australian Politics

Posts: 111796
Melbourne
Gender: male

Re: First Guardian Super fund loses all their money:
Reply #47 - Jul 17^th, 2025 at 7:21am

Yadda,
Quote:

We need to bring back public executions.....for really bad [and harmful] crimes.
.....for crimes which tear at 'the fabric' of our society,
and destroy, the confidence
[which each one of us, should have a right to expect]
from our [paid for] JUSTICE SYSTEM.

We need to see punishment [after lawful conviction].....
which is commensurate with the crime that was committed.

Yadda,
when you hang a man you better look at him.

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freediver

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Posts: 50665
At my desk.

Re: First Guardian Super fund loses all their money:
Reply #48 - Jul 17^th, 2025 at 8:42am

Bobby. wrote on Jul 16^th, 2025 at 9:17pm:

John Smith wrote on Jul 16^th, 2025 at 8:41pm:

Bobby. wrote on Jul 16^th, 2025 at 8:38pm:

John Smith wrote on Jul 16^th, 2025 at 8:35pm:

freediver wrote on Jul 16^th, 2025 at 6:04pm:

John Smith wrote on Jul 16^th, 2025 at 5:33pm:

freediver wrote on Jul 16^th, 2025 at 5:06pm:

What is stopping you putting your super in a bank?

I don't have a SMSF

So the only thing stopping you from putting your super in the bank is your own laziness?

If you select the "cash" option in your managed super fund, that is the same thing. Few people do it, because it is a bad idea.

Tell me dumbarse, What's lazy about not having a smsf?

The fees are much higher for a SMSF.

Of course they are. SMSF's are only worth it if you put in enough to justify the costs. I put as little as possible into my super. I'd rather invest it elsewhere. Unless the govt guarantees super, I'm not putting in one cent more than necessary

Consult with a financial advisor.
If you have too much money and assets outside Super you can be refused the pension.

Not sure what it is like today, and there have been some changes, but the last time I saw a financial advisor, no financial advisor would have recommended a budget SMSF, because there is no way for them to get kickbacks from it.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Melbourne
Gender: male

Re: First Guardian Super fund loses all their money:
Reply #49 - Jul 17^th, 2025 at 8:53am

freediver wrote on Jul 17^th, 2025 at 8:42am:

Not sure what it is like today, and there have been some changes, but the last time I saw a financial advisor, no financial advisor would have recommended a budget SMSF, because there is no way for them to get kickbacks from it.

John could always consult with Centrelink directly about a pension,
although the rules keep changing.

I think you can have up to $300K in money in the bank before it affects your pension.
I'm not sure about how much Super or assets?

I know someone with money and shares who doesn't qualify for one penny of his pension.
I don't know how much he has.

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freediver Gold Member Offline www.ozpolitic.com Posts: 50665 At my desk.	Re: First Guardian Super fund loses all their money: Reply #50 - Jul 17^th, 2025 at 11:46am That sounds about right. They are very generous with the minimum threshold, but once you are above that you lose 50c for each dollar earned. But, at least for the pension (not for income tax) they assume you earn a fixed percentage in income from your investment, and ignore what you actually earn.
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John Smith

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Re: First Guardian Super fund loses all their money:
Reply #51 - Jul 17^th, 2025 at 2:12pm

Bobby. wrote on Jul 16^th, 2025 at 9:17pm:

John Smith wrote on Jul 16^th, 2025 at 8:41pm:

Bobby. wrote on Jul 16^th, 2025 at 8:38pm:

John Smith wrote on Jul 16^th, 2025 at 8:35pm:

freediver wrote on Jul 16^th, 2025 at 6:04pm:

John Smith wrote on Jul 16^th, 2025 at 5:33pm:

freediver wrote on Jul 16^th, 2025 at 5:06pm:

What is stopping you putting your super in a bank?

I don't have a SMSF

So the only thing stopping you from putting your super in the bank is your own laziness?

If you select the "cash" option in your managed super fund, that is the same thing. Few people do it, because it is a bad idea.

Tell me dumbarse, What's lazy about not having a smsf?

The fees are much higher for a SMSF.

Of course they are. SMSF's are only worth it if you put in enough to justify the costs. I put as little as possible into my super. I'd rather invest it elsewhere. Unless the govt guarantees super, I'm not putting in one cent more than necessary

Consult with a financial advisor.
If you have too much money and assets outside Super you can be refused the pension.

The pension is your goal, not mine

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sir lastnail

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Re: First Guardian Super fund loses all their money:
Reply #52 - Jul 17^th, 2025 at 5:22pm

Sprintcyclist wrote on Jul 16^th, 2025 at 9:32pm:

Bobby. wrote on Jul 16^th, 2025 at 6:23pm:

freediver wrote on Jul 16^th, 2025 at 6:04pm:

John Smith wrote on Jul 16^th, 2025 at 5:33pm:

freediver wrote on Jul 16^th, 2025 at 5:06pm:

What is stopping you putting your super in a bank?

I don't have a SMSF

So the only thing stopping you from putting your super in the bank is your own laziness?

If you select the "cash" option in your managed super fund, that is the same thing. Few people do it, because it is a bad idea.

I have had mine in cash since the losses of the GFC in 2008.
I lost about $25,000 and Bernie Fraser didn't make me feel better. Embarrassed

I was just paralysed by fear ever since.

When I finally felt better in 2019, Covid hit and I stayed with cash
as I thought the world was going to end.
In the last 3 years we've been on the verge of WW3 every day.

Investing is really hard. I have done it for decades. It does not get easier

Not really. Just buy gold and silver and bury it in the back yard Wink

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"All of the arab states have said we will have peace with Israel when there is a state of Palestine as a UN member state and properly constituted." - Jeffrey Sachs.

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