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Shifted my Superannuation to Future Super (aussie.zone)

submitted 4 months ago by threeduck@aussie.zone to c/ausfinance@aussie.zone

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After watching a lot of Some More News and Climate Town, I made the shift from Hesta (which has $2,000,000,000 invested in fossil fuels, and most recently in the new Woodside gas plant) to Future Super.

Yes, the fees are significantly worse, but if I'm putting my own financial gain ahead of the planet, I'm no better than all the banks investing in fossil fuels.

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[–] Railison@aussie.zone 4 points 4 months ago (1 children)

Future Super is a retail fund yeah?

[–] threeduck@aussie.zone 2 points 4 months ago

A public offer retail fund, yep.

[–] Ilandar@aussie.zone 4 points 4 months ago

Welcome! I have been with them for about a decade (basically since launch). I won't want or be able to access that money for many more decades, so it made sense to me to be using it to contribute to a better world. I doubt I will ever be wealthy enough to directly invest or donate in this way, so using my super to do it instead seems a good compromise.

[–] notgold@aussie.zone 3 points 4 months ago

Good person. I just switched to hostplus to use their socially responsible investment fund too. Feels good to know your future self isn't benefiting off future misery

[–] itsathursday@lemmy.world 2 points 4 months ago

What made you go Future Super over the alternatives like Australian Ethical?