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Forum: The Main Room 07-Apr-08, 05:59pm
Replies: 161
Views: 21,409
Posted By magictorch
The way that interest is calculated as described...

The way that interest is calculated as described above is exactly the same way as it is calculated for the fund I administer, as well as a dozen or so other funds that I have had exposure to (but not...
Forum: The Main Room 07-Apr-08, 10:52am
Replies: 161
Views: 21,409
Posted By magictorch
There are plenty more examples, a simple Google...

There are plenty more examples, a simple Google search should help you if you'd like to see more.

I don't know, maybe we're talking about different things here. The interest rate for a super fund...
Forum: The Main Room 04-Apr-08, 03:14pm
Replies: 161
Views: 21,409
Posted By magictorch
I mean investment earnings are negative. That is...

I mean investment earnings are negative. That is you have less money invested than you did last month. It's pretty commonplace to describe the rate of return on an investment as an 'interest rate',...
Forum: The Main Room 03-Apr-08, 09:10pm
Replies: 161
Views: 21,409
Posted By magictorch
This does work in your favour though if interest...

This does work in your favour though if interest rates are negative, of which many are at the moment.
Forum: The Main Room 03-Apr-08, 09:07pm
Replies: 161
Views: 21,409
Posted By magictorch
This is often necessary, unfortunately, because...

This is often necessary, unfortunately, because the actual cost of operating the average superannuation account is greater than the person with an average account balance can afford to pay.

With the...
Forum: The Main Room 02-Apr-08, 11:16am
Replies: 161
Views: 21,409
Posted By magictorch
Yeah sorry, wasn't trying to suggest all fee...

Yeah sorry, wasn't trying to suggest all fee structures were the same.



Not many people in full-time employment have balances this low - but those with higher balances don't need that protection as...
Forum: The Main Room 01-Apr-08, 05:41pm
Replies: 161
Views: 21,409
Posted By magictorch
Many super funds have member protection which...

Many super funds have member protection which kicks in when your account drops below a certain balance (can't remember what the usual balance is, could be as little as $200 or as much as $1,000). ...
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