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strongly advise avoiding any fund investment. those greedy filthy bastards charge average 4% management fee from your hard-earned post-tax money. so plus 2.5-3% inflation, your fund should get >6.5% growth every year to make even, let alone earning money. then if you have any gain in that fund, ATO will get 50% CGT!!! the rest will take in account of your income and will be taxed again for income. WTF, what is the point to do that.
Better way? salary sacrifice maximum to your super instead, choose high growth mode. This is your pre-tax money as well . At least, you at most pay couple hundred dollar super management fee, no tax of your gain
Or if maximizes your super, put extra money in houses. you could get negative gearing.
all in all, any retail fund is a cheating game to allure you into it |
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