I don't visit ASF very often these days and one of the reasons is because I have lost faith in stocks as a sound and safe investment. Investing in stocks is no longer a case of putting some money into a company as part of financing a company that will use that money to the advantage of both the company and the shareholder while at the smae time providing the facility to withdraw that money at short notice should it be required. The company you invest in should use that money wisely and make reasonable endeavours to protect its value.
Instead we have a gambling casino where the odds are stacked against the small investor and the funds (including large super funds) are in the hands of these greedy operators that take enormous risk with that money. They compete with each other in a winner takes all manner, using high frequence trading methods that are not available to you and I. The profits they may make using your funds do not feed back to you as they are milked off in performance bonuses, management fees etc.
You can't expect any help from the ASX as they are part of the scheme. Dare I call it a scam not a scheme ?. Nor can you expect help from ASIC as they are an impotent waste of tax payers money. ( I have made numerous complaints to ASIC about a public company that has 1900 shareholders and that company has not held an annual meeting or issued a financial statement for 4 years, without any action to correct this.)
In addition, as I have posted here in the past, the year I started work (1947) the government of the day started deducting a small percentage of everyones wage that was to go into a special fund that would give everyone an aged pension. A few years down the track another governmemt transferred those funds into the consolidated account and said that the pension would be paid out of that account. Further on another government introduced the means test that meant that those that had contributed the most probably recieved the least.
Think about it. How safe IS your super.