Yes, Superannuation. Do you know what I think? You can stick it in your arse, the reason why, everyone that has super is losing big time. Most superannuation funds give a wide range of investment options eg Balanced Growth, Balanced direct, moderate growth, capital growth high growth, diversified share, cash, property. These are all invested around the world and most people would expect some sort of return but because of what unfortunately happened on September 11, the HIH Insurance fiasco 95% of people will get a rude shock when they get their statements. Some investments eg in the technology sector have lost 41%, that means in simple language if you had $100,000 superannuation in there you are $41,000 down the gurgler. Its just lucky that my superannuation was not invested in technology stocks but I still lost over 6% and my wife 9%, now shit thats a lot of money. Could you imagine if you had a half a million invested in technology and you lost 41% of that, its time to visit a bridge. And yet what bothers me is the CEO's collect their bonuses on huge negative returns. Our politicians are trying to get rid of the cash trade but that made positive gains of anywhere between 3 - 5 % profit. The only other investment that made good profit was Australian property but this is closed to new investors (maybe just looking after their own buddies), they made an average gain of over 8%. So what does all this mean? If you did the right thing years ago and did what you were told, to put massive money away in superannuation, you are now being pork barrelled.<br />For the younger people of today: yes interest rates for a loan are down to record lows of around 6% but this unfortunately affects people with superannuation who get poor returns, its very simple, if the interest rates go up, it hurts the young people with loans, but makes investors happy, if the interest rates are low, it makes young people happy but makes me unhappy. There must be a happy medium of around 9-10%.<br />Thumbs down to superannuation, its been going down for the last 6 years, not just the last 12 months.<br /><br />Phil <img border="0" title="" alt="[Mad]" src="images/icons/default/mad.gif" /> <img border="0" title="" alt="[Mad]" src="images/icons/default/mad.gif" /> <img border="0" title="" alt="[Mad]" src="images/icons/default/mad.gif" />