theroff

Where do you suggest people invest their long term money to avoid the scourge of coke bros? If one is to believe the stereotypes, real estate and non-Super investments seem just as likely to face the same problems.

Cherry picking an article seems to suggest the US has similar problems https://www.investmentzen.com/blog/average-401k-return

Australia's superannuation has improved over time. For example, the MySuper reforns led to consolidation and an exodus of underperforming funds.

A quick search on some of the biggest super funds in Aus shows returns of > 9% in a more equivalent, potentially volatile "high growth" fund.

There are funds that offer lower cost index-tracking products if that's your thing.

The biggest problem, IMO, is financial literacy which needs to play a bigger role in education.

Why would it? Super is its own scam

Scam: a fraudulent or deceptive act or operation

Can you elaborate on super being its own scam?

I dunno, the sidewalk on the six lane stroad near me seems much safer than the fast, congested road with lane-hopping cars and low visibility.

I get it, and I use sidewalks sparingly, but it really is circumstantial (it's legal to ride a footpath where I live). For example, slow riding a footpath is much safer than fast riding a footpath because you have more time to react to cars entering/exiting driveways. If you're riding somewhere nearby that's actually quite a nice experience. But if you are trying to get somewhere more than a kilometre away, slow footpath riding would obviously slow you down a lot.