No lift-off delivered by Spaceship
Outsider usually steers clear of people handing out brochures on the street and, to be fair, those handing out the brochures usually steer clear of Outsider because his portly build and surly demeanour openly suggest he is not going to sign up to a gym any time soon.
Thus, as is his habit, he gave a wide berth to the young women and men handing out brochures which appeared to relate to joining Spaceship Super on the basis that he is closer to decumulation than accumulation when it comes to superannuation and because he remembers Apollo 13 and has concerns that anything relating to a spaceship might also involve stratospheric fees.
Then, too, Outsider remembered that Spaceship had last year come to the notice of the Australian Securities and Investments Commission over misleading claims around its GrowthX option which the regulator found was 79 per cent invested in index-tracking funds.
So, all things considered Outsider figured that even if he was inclined to join a fund called Spaceship it seemed unlikely his balance would reach new heights if the underlying investments simply hugged the index.
But, of course, the young astronauts from Spaceship did not even try to give him a brochure observing that he was clearly not “the right stuff” and so he remained grounded again.
AUTHOR
The Outsider
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