Someone more knowledgeable please talk me out of this Superannuation decision.
Currently Superannuation balance: approx 200k with Unisuper. (high growth Fund 10.8% for 10 year performance)
I have been doing some research and have come across the following:
Colonial First State Geared Share Fund (15.65% p.a. - for the 10 years to 31 January 2025)
It says in its PDF that if you put 10K into it in 2004, you would have just shy of 600K today. sounds to good to be true, but these leverage/geared funds are pretty wild.
The Unisuper platform allows me to tailor my allocations as i see fit. I am strongly leaning towards mimicking the high growth portfolio as it is now, however allocating the 43% Australian Shares part into the CFS Geared Share Fund, which appears to be all geared Big Cap Australian company shares.
What am i missing here? like if i put 100k into CFS geared today could i potentially have 6 million in 23 years?
Unisuper High Growth Allocation
Sidenote: early 40's looking at a 20-25 year time frame.