more people will opt to manage their own super soon, wtf not, I'd rather do the gamble with my own $$$

Me too, I'd rather invest it myself. I can do that cos I pay my own tax, mostly.

if you kids know what's involved in running your own Super? I looked into it, and it's a massive bitch of paperwork EVERY month

unless you're an accountant who loves to do that shit, or have a good team of accountants (and at least $100k in super): leave it alone

don't know what's involved in running my own Super, but have a few mates doing it (investment bankers)

I have a few friends doing it... One, Greg, used to be an accountant (then became a software architect). He's got a number of properties

but I'm sure he said he had to top up his super to $100K before he could start running it himself. Now he has 5 or 6 properties in it

including one growing palm trees on the NSW/QLD border (every 20 years, you get a great return outta selling mature palm trees apparently

he was told by someone on Twitter to forget it unless one has $250k in Super due to reasons mentioned by AshDonaldson

he could stick it all into a term deposit, but would get taxed three times as much on the interest.

but then again, at least it would still have gone UP some.