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All aboard the crypto train
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover thought it was a good time to invest in crypto after coming into a bit of cash from this year’s tax return, which was higher than last year’s on account of his new negatively-geared investment properties.
After becoming jealous from seeing a friend bragging about his crypto gains on Facebook, Rollover decided to not pester his grandkids about how to invest in crypto, instead opting to ask for advice from his new “hey Google” machine.
You see, Rollover likes to think of himself as somewhat of a tech connoisseur – within his cohort at least.
Down the crypto rabbit hole Rollover went, spending an afternoon working out how to verify his identity on the crypto exchange his Google machine directed him to.
After failing to verify his account because he couldn’t find his Medicare card, Rollover ended up begrudgingly asking his peacocking friend how he got his crypto.
“Your grandson – are you serious?” Rollover exclaimed.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
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As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
Rollover notes the manner in which former Financial Services Council policy operative and now NSW Liberal Senator, Andrew Bragg, made much of his time this month as the acting chair of the Senate Economics Legislation Committee.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
