Australia's largest stock trading and investment forum Australia's #1 stock forum

STT Week end 24th Feb 2023, page-2

First 2 Last

Share
Profile

Follow
ammie

10,725 Posts.

549

24/02/23

18:04

Post #: 66453451
Share

Originally posted by Malaga: ↑

Another week end. Hope the week went well. Much talk about Superannuation so might add a bit. Went to a seminar few years ago and heard the term The Starving Millionaires.
Refers to a group that can be sitting on a multi million dollar House but have very little funds and live like paupers. Increasingly there is a group of self Funded retirees that draw down the minimum amount of funds and then even reinvest some money and live on the bare ar-- funds. Seems weird but it is becoming a problem as elderly boomers try to hoard as much as possible to leave to their children. I know of many cases were boomers are dropping private health cover, eating cheap rubbish frozen foods and generally leading boring frugal lives whilst having $1.5 million in super. Perhaps the problem is the mentally of generations or just fear for their legacy who knows but do not go crying poor, poor me.

Expand

Tricky music theme. This is the best I can do. I thought this was 70s hair but the song is from the 80s. So many big hair decades.
9 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 25 more messages in this thread...

First 2 Last