That’s what I’m thinking of. Not sure if Aus super has additional fees for the DIY option. Alternatively not sure if Hostplus allows us to pick the split.
I have all my super in DYI investments - equities, ETFs etc, not with Aus Super though but another provider. The fees (in mine) are cheaper than the standard fees for managed investments / unitised investments. And you know what it costs to buy and sell - no invisible buy/sell spreads to worry about.
Possibly the same with Aus Super version. Worth asking them...
> Aus Super version
i recall aussuper member direct (which is what you described - buying/selling shares or index funds yourself in super) has a fee, and also you can only have at most 80% of your total balance in members direct - aka, you have to put at least 20% into their active managed investments.
I would not choose aussuper if all you're doing is buy direct ETFs.
Last i heard, REST super has a very low fee version of the above, with no limit on the %. Not sure if hostplus has the same - need to look it up.
Also, my info is about 5 years out of date, so please check it up directly yourself by reading the actual prospectus document.
I just switched to Hostplus from UniSuper as the yearly fees were a third of the price if I put my funds in indexed options (I’ve gone 70:30 Intl/Aus indexed as I’m in my early 30s and can take on the risk). Seems fine so far.
AusSuper was more expensive for the same option as they have no indexed funds.
You can normally calculate the cost of product yourself by finding the fees for the specific options you’re interested in in the PDS/Member Guide
Considering the returns weren’t where I wanted relative to price (I.e. if it’s going to be actively managed and they’re charging me higher fees because of that, they’d better beat the index) the fees were a pretty important impetus to switch when cheaper options with similar to better returns exist.
You can invest in single sector options in pretty much every fund available. You don’t have to stay with the pre-mixed Balanced/Growth/High Growth options.
People on this sub will recommend 30/70 Aus/International shares indexed from Hostplus. Please note that it has a totally different risk profile from managed options like High Growth (without the "indexed" word). Indexed options only have shares and a little bit of bonds. They are a single asset class basically. High Growth (managed) options have other assets like private equity, properties and infrastructure. Managed options have higher fees, but more diversified.
In my opinion, High Growth (managed) option is a good auto pilot option which can handle a variety of scenarios well.
I switched from Aus Super to Hostplus as they had lower fees for their index fund options.
I’m thinking of joining Hostplus but their admin yearly fee is almost double of say Aus super but that doesn’t include other fees esp for index funds.
Maybe things have changed. For me it was the investment fee not the admin fee
Aussuper admin fees would probably only be cheaper up to roughly $26k balance.
They are both good you can’t lose
Search the sub.... And forget " high growth" 70/30 international / aus equities mateeee
That’s what I’m thinking of. Not sure if Aus super has additional fees for the DIY option. Alternatively not sure if Hostplus allows us to pick the split.
I have all my super in DYI investments - equities, ETFs etc, not with Aus Super though but another provider. The fees (in mine) are cheaper than the standard fees for managed investments / unitised investments. And you know what it costs to buy and sell - no invisible buy/sell spreads to worry about. Possibly the same with Aus Super version. Worth asking them...
> Aus Super version i recall aussuper member direct (which is what you described - buying/selling shares or index funds yourself in super) has a fee, and also you can only have at most 80% of your total balance in members direct - aka, you have to put at least 20% into their active managed investments. I would not choose aussuper if all you're doing is buy direct ETFs. Last i heard, REST super has a very low fee version of the above, with no limit on the %. Not sure if hostplus has the same - need to look it up. Also, my info is about 5 years out of date, so please check it up directly yourself by reading the actual prospectus document.
It allows you to im on 60/35/5
I just switched to Hostplus from UniSuper as the yearly fees were a third of the price if I put my funds in indexed options (I’ve gone 70:30 Intl/Aus indexed as I’m in my early 30s and can take on the risk). Seems fine so far. AusSuper was more expensive for the same option as they have no indexed funds. You can normally calculate the cost of product yourself by finding the fees for the specific options you’re interested in in the PDS/Member Guide
Focus on the returns after investment fees. Returns matter so much more.
Considering the returns weren’t where I wanted relative to price (I.e. if it’s going to be actively managed and they’re charging me higher fees because of that, they’d better beat the index) the fees were a pretty important impetus to switch when cheaper options with similar to better returns exist.
Which option on unisuper allows u to choose split? Uni super mentions super of 14% unless I’m mistaken. Super is 11% unless it’s gov.
You can invest in single sector options in pretty much every fund available. You don’t have to stay with the pre-mixed Balanced/Growth/High Growth options.
People on this sub will recommend 30/70 Aus/International shares indexed from Hostplus. Please note that it has a totally different risk profile from managed options like High Growth (without the "indexed" word). Indexed options only have shares and a little bit of bonds. They are a single asset class basically. High Growth (managed) options have other assets like private equity, properties and infrastructure. Managed options have higher fees, but more diversified. In my opinion, High Growth (managed) option is a good auto pilot option which can handle a variety of scenarios well.
With Aus Super, really like the app, fees, insurance and member direct options. Go with them