quote:Most Australians saw their super funds return 14 per cent over the year so far, with hopes high for a double-digit end to 2019.
A two-figure return for the 2019 calendar year for the growth option chosen by most fund members would mark the tenth positive year of returns in the last 11 years, according to research house Chant West.
quote:The high performance has been driven by strong returns on global stock markets.
Australian shares were up 18.9 per cent for the calendar year while the US Dow Jones Index was up 19.2 per cent and the UK FTSE index was up 7.1 per cent despite concerns around Brexit.
Only things that saved us from a recession is the Iron Ore prices. Other than that retail is in a recession Unemployment is up. Under employment is up Wages flat lined and even more immigrants putting pressure on wages All the experts have said we are in a per capita recession.
But the self promoting we are better financial managers are in power so running the economy into the ground seems ok to some