Troy Holmes 🇦🇺
Region: AU
Friday 29 November 2024 02:27:36 GMT
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Pingu Capital :
You suffer from recency bias. Using superannuation to buy property is a risky strategy that undermines the primary purpose of super: providing financial security in retirement. Property purchases often require significant capital, leaving little diversification in the portfolio and exposing individuals to market fluctuations and property-specific risks. Real estate is also illiquid, making it difficult to access funds in emergencies or adapt to changing circumstances. Not only that, ongoing costs such as maintenance, insurance, and taxes can erode returns, particularly if the property market underperforms. Finally, diverting superannuation to property investments compromises long-term growth potential, as super funds often benefit from compound interest and professional management, ensuring stability and growth over decades. This is before we even consider that Australian real estate is currently is a large bubble.
2024-11-29 02:34:44
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perry :
100% right. super is being invested in property by the super companies and they are making multi millions on your money. where is the risk if you do it yourself.
2024-12-06 02:03:45
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freezmac :
1. they won't put it back. 2. they likely won't sell.
2024-11-29 02:43:43
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