Originally Posted by Nulli
Understand this, the economic power in Australian super alone is AUD 1.3 trillion under management.
Hang on. That is MY money, not "Australia's" to spend on "keeping up with the Joneses". In decades in the industry in Oz, there is no way a Cat 3 ILS would be justifed given the number of diversions that I have made because of really bad weather.
Especially in the current economic climate, you'd be a moron to start spending money on dubious-benefit projects just because it sounds like a good idea. Spending the taxpayers money is bad enough; unless there is a clear financial benefit, keep yer mitts off personal super.