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509b superannuation & investing for the long term (campfire chat with Glen, Vince & John Winters)

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Do You Really Need a Financial Advisor?

There is a range of super funds, whose name i will not mention, that do strange hand gestures that also say on all their advertising they don't pay financial advisers. The average superbalance among all our members is well under 50 thousand. Yet the question is, if you want some once advice and pay for it, that's awesome. But most people don't have the interest or commitment to do that, and therefore benefit from an adviser. If you ever got ten grand in a suber fund, and you've been working for five years, or something like that, or two years, the good thing is that default options and the default type funds out there aren't malignant.

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