When I left work in June2001..retired hurt after a long innings of 21 years ..... I received a lump sum super payout .They told me if I wanted to reduce my tax I could go and see their advisors(in other words roll it over).
My reply?..Just give me my money thank you .
My capital is still very much in tact and Ive only had to work part time for part of that time.I live a modest lifestyle(which suits me just fine) .Ive got my foxtel and cable internet,owe nobody anything and can afford a beer and a bet whenever I please.
Why anyone (with a choice)would handover their life savings to a mob of greedy egotistical wanabees to play with on the stockmarket is beyond me.Sorry but the stockmarket just dosent do it for me.
I bet on the races or tennis or the footy or soccer or whatevers moving for my entertainment I have no illusions about making a living from it .My partner dosent tell that I shouldnt be betting or that she thinks my golf is interfering with our lifestyle .... because if she did I could quite happily live on my own.
Really though Jimmy the furry magnet is enticing at your age but im 48 and i can assure you its much lower on the priorty list than it used to be and if you cant do what you want (without hurting others of course) you might as well stop breathing.If people start telling how to live your life the way THEY want Id be taking Desi's advice and tell them to ###**@*@* off(hope i spelled that correctly)
Whew glad i got all that off my chest!!.
Looks like a good weekend of sport ahead of us .
GOOD LUCK GOOD PUNTING....Floydyboy