Super fund loss

This really annoys me.

The last thing I did for money was delivering parcels for Australia Post. To do this, you have to create a company, register for GST and do all the other stuff that goes with all that.

Being a company director also means that you need to ensure you pay the 9% superannuation guarantee on behalf of your employees - in this case, myself and the other director of the company.

So we did that - I paid $3014 into my super fund to comply with the law. All good on that front - no trouble with doing that.

Today, I received my superannuation fund yearly statement for the year ended 30th June, 2008. I can see my deposit of $3014.73 - fees and taxes and charges took $452.21, leaving me with a nett of $2562.52.

All well and good I suppose.

But then, the next line item is:

Net investment loss -$1,800.86

leaving me with a nett increase of just $761.66 on my superannuation.

WOW! When I retire, that'll give me just 2.78 weeks of living on the single pensioner allowance of a measly $273.00 a week.

So for an entire year of working from 4:30am (yes, AM) to whenever it took to finish the days parcels, I managed to get an additional $761.66 into my superannuation. A whopping $14.64 a week.

I thought that super funds were supposed to earn you money over time.

Looks like the US subprime crisis is closer to home than anyone realises.

I wonder whether the executives of Lehman Bros and the like want to pay me the $1800 I lost because of the volatility of the share market, due largely to the crap decisions they took.

Thanks - you effectively ensured that I worked for $14.64 a week to help pay for my retirement, but you pocketed how many millions?

This kind of greed has got to stop. How much money do you "executives" actually need to survive day to day?

The gall of you is just incredible - how can you live with yourselves?

I am just disgusted with the lot of you.

All is not lost when you can do this...

If you thought the world was going to hell in a hand basket, this might ease things for you for a little while.

It brought a smile of wonderment to my face, and that's pretty rare these days.

International Talk Like a Pirate Day

And I completely forgot!

arrr!
where's me buccaneers?
on me buckin' 'ead!

avast, me hearties!

Twitter Followers

I can't quite believe this.

Craig Beckta is following me on Twitter.

How bizarre is that? I didn't think I was worthy!

Craig is the author of "The Secret Affiliate Code"

Thanks Craig - I'm following you back now :)

DIY Webserver

Hi gang


It was fun, but DIY Web Server now has a new home:

http://diyws.ath.cx:8080

Check it out now! :)

Cheers
Brad