| Good afternoon, They are younger, have less money and don’t have a financial advisor. Welcome to the new generation of investors attracted to self managed super funds according to new data the shows the changing face of SMSFs. Telstra’s decision to sack 2800 staff signals the start of nationwide retrenchments , which may be accelerated as industrial relations changes loom and budget cash splashes kick in. Australia's share market spent the day deep in the red after a sharp reversal of intraday strength on Wall Street and lingering weakness in commodities. | 