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Les, basically anyone exposed to the share market has been hammered and it will get worse. Cash and gold bullion are about the only safe bets at the moment! Forget Rudd's handouts this week, we've got 2-3 years of pain ahead and a few grand extra here and there will do very little in the big scheme of things. That's the advice I'm hearing from banker friends and an analyst in a large firm. I feel really sorry for those about to retire - my friend's Mum lost an entire year's salary sacrifice to super last year and she is now looking to keep working well into her 60s.
Regarding super fees, move your super into an industry fund ASAP - you've seen the ads on TV! MTAA is a good one.
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