I'm 21 and have $20000 in superanuation

[Elite_Fry]

I have all these options on what i want to do with it... like investment terms etc.
Because its going to be in there for another 34 years before i can touch it should i put it on the highest risk/highest return option?

 

[bran987]

gonelifting & I already talked to you about this didn't we?

or is this ANOTHER $20,000? (jeez you are money man)

 

[Elite_Fry]

gonelifting & I already talked to you about this didn't we?

or is this ANOTHER $20,000? (jeez you are money man)

same one
i have a habbit of making posts and then never reading the replies
ill do a search for it. thanx

 

[bran987]

find it?

 

[tahoe2003]

find it

 

[SC4EVA]

?

 

[Elite_Fry]

yes thanks

 

[SC4EVA]

Stupid question =( - Whats superannution?

 

[Crox]

Money set aside in approved funds for your retirement. Your employer is obligated to contribute a certain percentage of your income and you can make additonal contributions of your own, which is tax detuctable.

 

[SC4EVA]

Ah "annuity" got it

 

[JustJacked]

I would sell it, and then invest what I got back.

 

[Elite_Fry]

yeh found it thanks

http://www.elitefitness.com/forum/showthread.php?t=373278&highlight=$20,000

looks promising

 

[SC4EVA]

Can I ask a question - How did you score that much in annuity at 21?

 

[Elite_Fry]

Can I ask a question - How did you score that much in annuity at 21?

i used to be the army and hurt my back and had to be medically discharge, so i got it through military superannuation