Retirement planning for many Australian Expats is difficult enough without everyone wanting to take their fee to manage your money including your financial advisor and fund manager, let alone ensuring you are putting your money where it will get the best return.
This is a great video that explains the risks of investing for retirement.
As I have said in many of my articles, including The Truth About Managed Funds and How to Improve Your Superannuation Returns beware the financial advisor or fund manager promising above average returns.
Study after study has shown that on average actively managed investment funds will fail to outperform a low-cost index fund over the long term. The concepts apply whether or not you are considering your retirement planning or simply investing for the long term.
John Oliver had a good segment on his tv show recently that is worth listening to about the risks of investing for retirement.
Although John Oliver is focussing on United States examples, the concepts are still relevant …
And also, to get an Australian perspective on the risks of investing for retirement, the team from the Chaser have a similar message.
So, now you have been warned.
Disclaimer : This information is for educational purposes only and does not constitute financial or taxation advice. As this information is not advice and has been prepared without taking into account your objectives, financial situation or needs you should, before acting on this information, consider its appropriateness for your circumstances. Independent advice should be obtained from an Australian financial services licensee before making investment decisions, and a registered (tax) financial advisor/accountant in relation to taxation decisions. To the extent permitted by law, we exclude all liability for any loss or damage arising in any way.