Owen Raszkiewicz

We can do a whole geeky episode on that.

They're happy for that because then you don't know.

And then they can take fees without actually calling them fees.

Anyway.

Yeah.

And we've talked about the big reason that people choose super over outside investments, and that's tax.

But one of the things to remember is typically, you could speak to your accountant about this, but typically, tax is only paid when you buy or sell or you receive income.

So if you are, like me, a long-term investor who

really doesn't do much but sit on his hands or her hands with investing and just kind of just accumulates and it's not in the business of buying and selling every day you'll find that you can get your tax liability pretty low outside of super as well and there's two ways you get taxed for those who haven't watched our tax they'll listen to our tax episode capital gains when you make a profit and income one of the great things about australian shares is franking credits

Who knows how long they'll be around?

The second one is that if you are indeed a long-term investor, yes, you pay tax when you make a gain, but if you hold it for a certain period of time, you may pay less tax.

Your tax bill might be cut in half.

So if you're not chopping and changing, it's not necessarily like super's at 15% outside of super's at whatever my marginal tax rate is.

Then we have negative gearing and property.

Then we have no capital gains tax on the primary residence.

All these things that your accountant can help you with.

So that's the major detraction from compounding.

And money is money, whether it's inside or outside of super.

Like I said, we said, let's have both.

And just don't overthink it.