[JOKER6]

While I am making only $80-$100 per day driving UBER, at least it can help pay my rent and buy some non essential items from the supermarket.
Because my Super balance has dropped $95K in the last 2 weeks.
How are other part time driver retirees faring?

 

[The Reaper]

I can only afford to buy essential items from the supermarket like rice pasta and toil....hang on......
My super took a big dive during the GFC, taking another big dive now. Driving off the cliff at Bondi
is looking more and more attractive.

 

[Mulder99]

I can’t get essentials loo paper sanitizers etc

super down too to 2014 levels 6 years of gains gonski ☹😡

 

[Wild Colonial Boy]

Yep. Down 35%. My advice, don’t sell, you’ll only be locking in your losses. If I had a spare $100k I’d be buying like mad. Quality stock will always rebound. Still my income is still not too bad, and Uber is the icing on the cake, as little as it is in our village.

 

[whyuber]

Don't have super anymore... pulled my money out in the late 80s, just before the Gov changed one rule.... being that you couldn't touch your money til 65...no thanks.

The Gov saw that everyone was pouring money in Super only paying the concessional tax rate of 15% instead of normally paying the top income tax rate of 49%...so they shut that door and you had to wait til 65

Don't get me wrong...Super is generally a good idea as a forced savings tool....the majority of people aren't really good savers and planners.

 

[Sandhills]

Urgh it's brutal, best advice try not to look for at least a year, it will recover

 

[Ubercadabra]

superanawaytion

 

[Hounddub]

Patience guys....thats your only option

 

[Ubercadabra]

Super muper don't worry relax
Enjoy a nice Turkish breakfast
NASA saying now 3 asteroids heading towards earth
No more fires/floods/corona/super
Let's enjoy our last day on earth before it ends

Afiyet Olsun

 

[minnoshh]

Super muper don't worry relax
Enjoy a nice Turkish breakfast
NASA saying now 3 asteroids heading towards earth
No more fires/floods/corona/super
Let's enjoy our last day on earth before it ends

View attachment 432444

Afiyet Olsun


View attachment 432458

Wow afiyet olsun

 

[HomerPigeon]

After the GFC and I lost 80% of my super and I later changed to a SMSF with real estate. Nowhere near as fast growing as shares can be but at least relatively stable. And I still have 15+ years to go yet.

 

[turtlebum]

Super muper don't worry relax
Enjoy a nice Turkish breakfast
NASA saying now 3 asteroids heading towards earth
No more fires/floods/corona/super
Let's enjoy our last day on earth before it ends

View attachment 432444

Afiyet Olsun


View attachment 432458

You guys have the best dips, and delicious apple tea

 

[Grumpy Old Man]

I can't get essentials loo paper sanitizers etc

super down too to 2014 levels 6 years of gains gonski ☹

You're lucky... My super is with AMP... Bastards :i'm mad:

 

[Cubaroo]

You're lucky... My super is with AMP... Bastards :i'm mad:

My AMP super lost 30K in heartbeat when the GFC hit.. that's when my wife and I decided to combine our super in a SMF.

 

[yoyoma]

While I am making only $80-$100 per day driving UBER, at least it can help pay my rent and buy some non essential items from the supermarket.
Because my Super balance has dropped $95K in the last 2 weeks.
How are other part time driver retirees faring?

When I was 55yo I took all my super and I bought a unit that gives me a nice rent income.
I never trusted manged funds.

 

[Ubercadabra]

It’s the super not for the future

 

[JOKER6]

I have a unit rented out to a tenant who convinced me to install an aircon during the heatwave ($1800). This week the toilet cistern had to be replaced ($550).
Now I hear the tenant has unfortunately lost their job and will be seeking rent deferral.
Times are tough for everyone.

 

[VIPinoy]

It's the Black Swan event ongoing.....nobody could have prepared or foresaw coming. Lucky we already paid our house and some diversified investments (property, shares and even USD). I stopped driving 2 weeks ago and expect this to lasts with its negative effects in the next 12-18 months. Should have listened to Transporter 3 and invested in gold couple of years ago.