I am trying to work out which of my two super funds I should roll my super into.  One had an opening balance of $23,753, earned $2700 and ended up with $26,452.  There were apparently "no fees or charges", yet $274 was deducted from the investment return before it was allocated to me.  The other fund had an opening balance of $14,266, fees and charges were $145, earnings allocated were $1803 and the closing balance was $15,924.  I think the second one has a higher percentage return, so should I simply pick this one?

ANSWER:

It’s extremely dangerous to choose an investment on past performance.  You need to sit down with an adviser, work out your risk profile, then decide why one fund has outperformed the other.  It was probably the asset allocation.  Armed with this knowledge, you can make decisions which will benefit you in the future.