Maybe so but I dont think many of the wealthiest people do that , they dont lock up capital like that.
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It's not really locked up. Super is what locks it down.They can sell shares, sell real estate etc. They usually move investments around to follow the markets. If they see a recession coming they will offload real estate and turn it to cash. then re invest when the market is low.
I was advised by a wealthy older gentleman once to get a self managed super fund. But unfortunately I don't have enough money to make it worth the while.
You can collect VMX bikes or any other classic vehicles for your self managed super fund, but you can't use them, you can only store them.
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Thewealthy families that Ive worked for have family trusts and serie's of companies that they use to shift money around as well as a bunch of other tricks.
I thought every wise invester moved money around to follow markets and everyone unloads real estate if they have some and then reinvest ,thats all totally common for middle class not the upper elite , at least more than 16,000 Australia wide that Swan is quoting to be effected by the super changes.
What interesting to me in all this is the in Gov brings it up just before an election.Proposing a new tax never won an election that I can recall.
If you are going to collect vmx and classic cars stuff how can you be so confident that its all going to go up or even hold value?