I am a financial advisor and, while I like your advice on saving, I think your advice on investing stinks. A young person following your super fund recommendations would end up losing hundreds of thousands of dollars over their lifetime because of your weird fetish about always choosing the lowest fees, irrespective of asset allocation. Someone under 45 should be completely invested in growth assets, yet the fund you recommend in your book is one-third invested in defensive assets.
You are correct!
And that’s why my book, under the heading “What investment option should I choose for my super?”, says:
“A ‘balanced’ fund isn’t a bad option to start with. But if you’re under 45, invest in the ‘growth’ option.”
Thanks for giving my book a light skim, Evan.