Owen Raszkiewicz

But my, as you said, my stance on this is,

Don't think about it as one or the other.

My in-laws recently, they've always been really supportive of me and doing what we do.

But they've finally come around and said, okay, here's a little bit of money.

What should I do with it?

And they started investing like, oh, my God, this thing's going up.

Isn't it great?

And they're thinking of retirement in five to ten years or even sooner.

So it's never too late to start.

Absolutely never too late to start.

Because, hey, if you know how to manage your money at 65, like if you've only just discovered investing at 63, you spend a couple of years working out what needs to happen.

you've got the next probably 20 to 30 years on average in retirement mode where you've got to manage your money.

So that's a long time to compound even when you reach retirement.

And another thing is, if that wasn't a big enough reason alone, if you just have all of your money when you hit retirement in cash, earning 1% or 2%, if that, then you take away inflation, your retirement is going to look pretty bleak.

But if you take an active approach and you think, this is how much risk I can take.

I understand how shares and property and all these other things work.

It's never too late to.

The next one is, do I lose the effects of compounding by investing outside or inside of super?

So what's the effect on compounding?

That lack of transparency that comes with super funds, hey?