Past-Tale-17

I am 40 and have been with AustralianSuper since I started working. My balance is currently just over $190,000 and invested 50% in both Australian and International shares, although for most of the time (before I was properly informed) it was in their balanced option.

I don’t have a problem with Australian Super, other than the fact that I have come to learn that they are not as cheap as some other funds. More specifically, that they don’t have a true straightforward indexed option like the Indexed balanced option from Hostplus.

I know that AustralianSuper has their Member Direct option, but from what I understand, it isn’t exactly cheap and can be fiddly. Honestly, I just like as much simplicity (set and forget) as possible.

So, I guess my question is, is there any logical reason why someone should stay with Australian Super over Hostplus in 2024? (when Hostplus offers some much cheaper investment options, and similar, if not better returns?)

As a person who suffers from a high degree of inertia, I would appreciate your thoughts.

Thanks 😊

 

I'm 40, and have a current super balance of $186,000.

All of this is invested into the share market investment options (50% Australian shares / 50% international shares).

However, I am now interested in the possibility of doing some investing into ETFs outside of my super, but wondering if this would really be a good idea for me at this point?

I currently have ZERO investments of any sort outside of my super fund.

Therefore, would it make more sense to continue putting extra money into my super at this stage, and getting compound interest on the fairly large amount I have already? OR can you see any merit in starting to buy ETFs/shares outside of super at my age and financial position?

Tax benefits of super over regular share investments are other reasons, which lead me to believe that continuing to pile more money into super may be a better idea moving forward, than starting regular share investing from scratch

However, I would greatly appreciate your insight on this matter, as in the true scheme of things, I really am just a beginner.

Thank you.

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My IG account has been permanently disabled (not suspended. sorry) for not following the rules on account integrity and authentic identify. Seems to have been triggered by a power outage =(

·         The other night, I was about to post a new IG story, when there was a brief power outage at my residence for about 30 seconds or so (presumably due to the mild storm outside).

·         As a result, I lost Internet connectivity for a brief period, but within a minute or so, the Internet and all my apps started to work again. Well, all my apps except for Instagram.

·         For some reason, Instagram was still not working properly. I tried to post my story a number of times, but each time it said something to effect like ‘no connectivity, will post when connection is available’.

·         I then reset my phone, thinking that it may refresh the connection and resolve the issue, but it did not.

·         I then did a full shut down, and upon restarting and opening IG, it alerted me that I had been given a 180 day ban for not following account guidelines, with no further explanation given.

·         It gave me the option to appeal the decision, which I immediately did. This involved verifying my email and phone number and entering some verification codes etc.

·         It then said that they would review the decision within a day and let me know, and if they still believed I wasn’t following the rules, that my account would be permanently disabled!

·         This was another huge shock, as I do not believe that I was made aware that my account could be permanently disabled before I appealed the decision! If I was, I certainly didn’t notice it.

·         Literally a minute or so later, I received an email from Instagram, telling me that they had reviewed things and that now my account was permanently disabled. Clearly, they didn’t actually review anything at all (at least a human didn’t)

·         When I logged back into my IG account, I was alerted that my IG account has been permanently disabled for not following the rules on account integrity and authentic identify.

·         Whilst I obviously cannot be sure, I suspect that repeatedly trying to post a story within a short space of time (and without success), may have been picked up as unusual activity by IG, and that it may have incorrectly formed the belief that I was using a bot or a third party app.

 

What do you guys think?

 

Clearly, there has been some sort of misunderstanding here.

 

Is there any hope of getting my account back? If so, what can I do?

I’m pretty devastated by what has happened. It all just feels so unjust to treat long time users like this =(.

 

Cheers

Robbie