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Speaker 1: Hi, everyone, Welcome back to another episode of Sugar Mama's Fireplay,

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Speaker 1: where we dive into everything that you need to know

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Speaker 1: about for financial independence and early retirement, and of course,

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Speaker 1: building a strong financial future for yourself and your loved ones.

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Speaker 1: I am your host financial planner, Cannah Campbell. Today we're

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Speaker 1: tackling a topic that directly impacts your long term wealth goals.

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Speaker 1: That is superannuation and why you should be investing in

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Speaker 1: shares for your super Now. As always, please remember that

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Speaker 1: all of my content is general in nature and educationally

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Speaker 1: based only, so please always bear that in mind. And

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Speaker 1: if you have any questions about what you should be

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Speaker 1: doing for your unique situation, that is when you go

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Speaker 1: and speak to a financial planner and ask them for

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Speaker 1: personal advice. All right, so let's get started now. I

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Speaker 1: know that the share mark can seem incredibly intimidating, and

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Speaker 1: understandably so, because headlines often screen things like Australians share

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Speaker 1: market loses one hundred billion dollars in blood bath today

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Speaker 1: and that's enough to make anyone, including myself, feel nervous. Right,

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Speaker 1: But today I actually want to explain why despite the

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Speaker 1: short term market volatility having a bias towards shares and

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Speaker 1: other high growth asset classes for your superannuation is essential

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Speaker 1: for long term financial security and independence. So today we're

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Speaker 1: going to touch on the seven reasons why you need

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Speaker 1: to be thinking about including shares in your superannuation account.

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Speaker 1: So let's get started. Number one, the long term nature

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Speaker 1: of super superannuation isn't a savings account. It is a

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Speaker 1: long term investment portfolio designed to fund your retirement. For

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Speaker 1: most Australians, retirement doesn't happen until your mid sixties, and

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Speaker 1: life expectancy now stretches into the mid eighties, if not longer,

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Speaker 1: and we all have the medical industry to thank for that.

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Speaker 1: So that means you've got at least twenty years of

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Speaker 1: retirement that you need to fund with your superannuation money,

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Speaker 1: and quite possibly, looking at medical technology, probably a lot

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Speaker 1: more than twenty years. So when we're talking about superannuation,

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Speaker 1: we're talking about a long term game plan, long term

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Speaker 1: game plan of wealth creation and ensuring financial independence where

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Speaker 1: we never rely on a person or a government. And

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Speaker 1: that is why shares, which have historically provided superior long

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Speaker 1: term returns compared to something like cash and bonds, have

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Speaker 1: got to play a key role in your superannuation investment strategy.

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Speaker 1: Number two. Understanding the importance of the power of comp

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Speaker 1: All right, let's break this down together. Growth assets such

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Speaker 1: as shares and property are known for providing higher returns

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Speaker 1: over longer periods of time. This is where the magic

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Speaker 1: of compounding interests kicks in. The longer you are invested,

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Speaker 1: the more your money grows, and it grows on itself.

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Speaker 1: What I like to say, organically, the return you get

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Speaker 1: from your shares over the decades far outweighser returns you

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Speaker 1: will see from the safer, lower growth assets, or lower

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Speaker 1: risk assets, or even lower volatility assets like shares, like

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Speaker 1: cash or bonds. For example, ten thousand dollars invested in

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Speaker 1: Australian shares in nineteen ninety four, if left alone and

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Speaker 1: with all that those dividends reinvested, would be worth approximately

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Speaker 1: one hundred and thirty five thousand dollars today, which has

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Speaker 1: significantly performed cash and bonds even through periods of short

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Speaker 1: term market volatility. The riskier nature of shares is balanced

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Speaker 1: out by their long term potential, especially when dividends are reinvested,

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Speaker 1: and this is the beauty of superannuation because those dividends

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Speaker 1: are often reinvested because they can't be paid to you

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Speaker 1: and they can't be spent until you meet a condition

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Speaker 1: of release. So superranuation is a very powerful place to

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Speaker 1: hold assets and allow compounding interests to work for you.

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Speaker 1: Number three Managing risk with knowledge not fear. I understand

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Speaker 1: shares come with risk, and it's important that you understand

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Speaker 1: too that shares come with risk. We've all seen markets

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Speaker 1: suddenly drop, and it's easy when this happens to quickly

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Speaker 1: want to jump ship with a knee jerk reaction and

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Speaker 1: sell everything and then just move into cash, which feels

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Speaker 1: safe and secure for the short term. And this is

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Speaker 1: a it's pretty natural reaction for some people when they're

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Speaker 1: not informed, when they see things getting tough and scary.

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Speaker 1: But when you understand your risk profile, you can see

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Speaker 1: that this type of decision or reaction becomes one that

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Speaker 1: comes with regret. This is why it is so important,

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Speaker 1: because you understand risk with knowledge, not fear. Now, this

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Speaker 1: is why I always talk about risk profiles. A risk

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Speaker 1: profile can help you understand and identify your comfort levels

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Speaker 1: when it comes to investment market volatility, and it is

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Speaker 1: critical that you do a risk profile with an informed mindset.

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Speaker 1: If someone who never invested before did a risk profile,

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Speaker 1: they're going to come out as a very conservative investor. However,

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Speaker 1: if you spend a bit of time educating yourself and

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Speaker 1: understanding what shares are, what the opportunities present themselves, the

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Speaker 1: importance of diversification, and then did a risk profile, I

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Speaker 1: would pretty much put one hundred dollars on it that

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Speaker 1: you will end up having a more aggressive risk profile,

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Speaker 1: perhaps going from conservative to balance, or from balance to

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Speaker 1: maybe growth or even high growth. It is essential that

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Speaker 1: letting go of fear when it comes to your decisions

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Speaker 1: is essential. You've got to focus and actually see that

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Speaker 1: the long term opportunities come with some risk, and yes,

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Speaker 1: some of that risk is actually manageable to certain degree.

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Speaker 1: Shares are going to have ups and downs, but over

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Speaker 1: time the returns that they generate will far outweigh those

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Speaker 1: temporary setbacks. So think about it this way. If you

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Speaker 1: look at your superannuation every single day, it's a coin

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Speaker 1: toss as to whether you'll see good news or bad

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Speaker 1: news because the market is always moving up and down

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Speaker 1: every second of the day. But if you take a

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Speaker 1: moment to gain perspective and say, let's just zoom out

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Speaker 1: and look at your returns like I do every year

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Speaker 1: or every six months, even you're going to far likely

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Speaker 1: see positive growth. And that is why it is so

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Speaker 1: crucial to focus on the long term horizon other than

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Speaker 1: getting caught up in those daily market fluctuations. That is

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Speaker 1: the white noise that can sometimes be toxic if you

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Speaker 1: allow it to infiltrate into your decision making process. Number four,

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Speaker 1: why should never try and time the market? It is

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Speaker 1: so tempting to think that you can time the market,

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Speaker 1: that you can jump out when things get bad and

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Speaker 1: then perfectly time jumping back in when the market rebounds.

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Speaker 1: But here is the harsh truth. It is nearly impossible

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Speaker 1: to get the timing right unless you have a crystal ball.

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Speaker 1: Of course, most investors who try and time the market

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Speaker 1: end up missing out on the best recovery days and

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Speaker 1: actually lock in their losses. Do you know someone who has,

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Speaker 1: for example, sold property and sold your thinking and saying,

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Speaker 1: you know, the property market is so valid, I'm selling

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Speaker 1: now and I'm just going to bank this great growth

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Speaker 1: in and then with a market the property market crash,

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Speaker 1: She's able to buy back again. Sounds great if that happens,

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Speaker 1: but has that happened. No, And sadly, some of those

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Speaker 1: people who try to tie the market with property has

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Speaker 1: come back to burnt them because that market pullback hasn't

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Speaker 1: actually happened, and that money that they banked is actually

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Speaker 1: eroding in value. They don't have the same buying power

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Speaker 1: that they used to and in the meantime the property

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Speaker 1: market is still growing. It is exactly the same risk

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Speaker 1: with shares. And of course when you go and sell

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Speaker 1: an investment, whether it be shares or property, you've got

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Speaker 1: to pay capital gains tax, so you could be taking

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Speaker 1: a dangerous step backwards in having to pay tax, and

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Speaker 1: of course a dangerous step back in your wealth creation journey.

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Speaker 1: In fact, if you were fully invested in Australian shares

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Speaker 1: since nineteen ninety five, your return would have been about

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Speaker 1: nine point five percent per annum. But if you missed

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Speaker 1: the best ten days in the market, your return would

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Speaker 1: have actually dropped to seven point five percent. You would

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Speaker 1: have missed the best forty days, and that impact is

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Speaker 1: a loss of three point five percent. That is the

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Speaker 1: difference a few key days can make in your investment portfolio.

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Speaker 1: So don't try and time the market. The best strategy

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Speaker 1: is to stay invested, to ride out the downturns, and

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Speaker 1: to avoid rash decisions. Overalling twenty year periods, shares have

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Speaker 1: almost always outperformed cash and bonds. Even over shorter periods

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Speaker 1: of like ten years, shares have done much better than

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Speaker 1: the majority of the time. This makes them the ideal

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Speaker 1: long term asset for superannuation when it comes to your

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Speaker 1: long term goals. Number five, superannuation is a long term play.

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Speaker 1: Don't try and cut it short. Finally, let's talk about

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Speaker 1: when you interrupt the compounding process in your superannuation early on.

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Speaker 1: If you pull out twenty thousand dollars out of your

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Speaker 1: super at the age of thirty, say for an emergency

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Speaker 1: expense under say financial hardship, it could reduce your superbalance

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Speaker 1: by around seventy four thousand dollars by the time you

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Speaker 1: reach age sixty seven. That is the power of compounding,

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Speaker 1: and that is why it's so important to stay invested

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Speaker 1: and not dip into your superannuation prematurely. Trust me on this.

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Speaker 1: Number six. Tailor your superannuation to your life and to

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Speaker 1: your risk profile. Now, I really want to emphasize that

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Speaker 1: every investor is different. Everyone has different deadlines, different risk

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Speaker 1: profiles and also different strategies going on behind the scenes

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Speaker 1: that a lot of people aren't preyby to unless you

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Speaker 1: are their financial planer. Your superannuation strategy should reflect your

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Speaker 1: unique situation, which is why I always say go and

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Speaker 1: see a financial planner. And this also includes your aid,

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Speaker 1: your income, your wealth, and of course your risk tolerance.

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Speaker 1: But even if you have a lower risk tolerance you're

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Speaker 1: a conservative investor or a balanced investor, it is still

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Speaker 1: essential to have some exposure to shares and growth assets

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Speaker 1: are as. These are what drive your wealth over the

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Speaker 1: long run. As I explained at the beginning of this episode,

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Speaker 1: superannuation is a long term investment and with that long

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Speaker 1: term outlook, shares are your best investment friend when it

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Speaker 1: comes to building a retirement that actually lasts and gives

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Speaker 1: you that required longevity. So do not let short term

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Speaker 1: volatility or scary sensationalized headlines push you into making decisions

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Speaker 1: that could undermine your financial future. Number seven the value

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Speaker 1: of franking credits for your superannuation investment portfolio. This would

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Speaker 1: have to be I think the most important and most

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Speaker 1: valuable reasons as to why you should have Australian shares

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Speaker 1: in your superannuation investment portfolio. You see most Australian industrial

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Speaker 1: shares pay franking credits. These franking credits are attached to

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Speaker 1: the dividends. Is the passive income that your superannuation investment

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Speaker 1: portfolio pays your fund and then ultimately for you for

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Speaker 1: your retirement. And these franking credits can actually help you

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Speaker 1: reduce your taxable income through the tax credits that have

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Speaker 1: already been paid by the companies. Now what this does is,

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Speaker 1: in turn, it helps reduce the amount of tax that

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Speaker 1: you pay when you go to retire because under current legislation,

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Speaker 1: if you are over a certain age and you're drawing

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Speaker 1: an allocated pension that is your retirement income through Super,

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Speaker 1: there is no tax paid, which can may mean you

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Speaker 1: get a massive tax refund or you pay a lot

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Speaker 1: less in tax when you go to ret time. But

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Speaker 1: on top of this, there is an additional benefit of

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Speaker 1: having Australian shares that pay these franking credits in your

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Speaker 1: superannuation because under current legislation, the maximum income tax payable

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Speaker 1: within superannuation whilst in accumulation phase is fifteen percent. And

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Speaker 1: when a company pays a fully franked dividend, that means

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Speaker 1: thirty percent tax has already been paid, so in fact,

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Speaker 1: you're able to potentially access a refund within your superannuation,

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Speaker 1: which means your superannuation investment portfolio is incredibly tax efficient

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Speaker 1: in helping you build wealth and build that long term,

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Speaker 1: growing passive income stream. So in turn, the tax effective

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Speaker 1: value of Australian shares is incredibly efficient when it comes

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Speaker 1: to you wanting to achieve a certain goal by a

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Speaker 1: certain deadline. This is why I always talk about the

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Speaker 1: value of Australian shares and why I love Australian shares

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Speaker 1: over a property, and why I think superannuation is so

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Speaker 1: incredibly sexy. So as we wrap up today's episode, I

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Speaker 1: really hope that this episode has given you some valuable

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Speaker 1: insights into why having a bias towards shares, in particular

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Speaker 1: Australian shares for your superannuation is crucial. Remember, superannuation is

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Speaker 1: a long term game plan and shares are one of

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Speaker 1: the best ways to take advantage of that timeline. So

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Speaker 1: what I would absolutely love for you to do right

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Speaker 1: now is to jump online, have a look at your superannuation,

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Speaker 1: see how much you've got, and look at the underlying

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Speaker 1: investments of your superannuation. Take note as to how much

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Speaker 1: of your portfolio, that is, how much, what percentage or

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Speaker 1: what dollar amount you have in Australian shares. Do a

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Speaker 1: risk profile see if it matches correctly and if you

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Speaker 1: need to make changes, pick up the phone and call

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Speaker 1: a financial planner and book in an appointment to talk

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Speaker 1: about this with them. I promise you you will not

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Speaker 1: regret doing this, and it is one massive step in

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Speaker 1: helping make sure that you are more educated, informed, but

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Speaker 1: more importantly prepared for your retirement dreams. Thank you everyone

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Speaker 1: for listening to Sugar Mama's Fireplay this morning. If you

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Speaker 1: enjoyed this episode, please make sure that you share it

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Speaker 1: with your friends and family who could benefit from listening

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Speaker 1: to this advice. And of course, don't forget to make

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Speaker 1: sure you've subscribed to this show and following me on

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Speaker 1: Instagram for more ideas, inspiration and motivation on achieving financial

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Speaker 1: independence and empowering your financial future. Until next time, stay

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Speaker 1: financially savvy and keep your financial fire burning right Chow

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Speaker 1: for now