According to research by financial writer Scott Phillips, less than three in ten Australian managed funds beat the market between 2007 and 2012.
So my question to you today is: how much better do you reckon you could do if you managed your own super?
I’m guessing you know your financial goals… you know when you want to retire…and you have a pretty good idea about the kind of lifestyle you want to enjoy after you give up work.
You know these better than any fund manager ever could.
So why not take the reins yourself?
In a brand new Markets and Money report, multi–award–winning wealth manager Vern Gowdie will talk you through what’s good and bad about self–managed superannuation…and help you to decide whether it’s right for you or not.
He’ll talk you through you the tax benefits, minimum investments, legal considerations and fees… he’ll show you what you need to do to set a self-managed super fund up…how to avoid dodgy advice… and he explains which types of investments are worth holding in your self–managed super fund…and which aren’t.
Self-Managed Super is the fastest growing sector of the superannuation industry. SMSFs now account for about a third of total superannuation assets in Australia. From Darwin to Hobart, more Aussies than ever are taking a stand against poor returns, and taking control of their own financial destiny.
But should you?
As you’ll read in this brand new Markets and Money report, self-managed super isn’t for everyone. It depends on your situation, and your goals. This is something the superannuation industry pays very little attention to. Right now, funds operate a ‘one–size fits all policy’.
Taking little or no account of your goals, investment preferences or age, your fund will typically load you into so–called ‘growth shares’… at the expense of less risky investments such as fixed income or cash.
The Australian Financial Review says ‘Australian super funds typically have about 55 per cent of their assets in shares’.
According to former Future Fund Chairman David Murray, ‘It’s absolutely true that they (super funds) are overweight equities (shares). It goes back to the default allocation in most funds, which is overly aggressive — and for a default allocation it’s far too risky. Those people who have not made a deliberate choice are put into high risk regardless of their circumstances…’
When you consider the up and down run Aussie shares have had since 2008, is it any wonder only three out of ten funds have been able to beat the market?
If you are thinking of going it alone, get Vern Gowdie’s report today. You’ll learn:
- Why you could lop 31.5% off your annual tax bill by contributing more to your super… and why paying less tax could help your retirement savings compound more quickly… to help you retire sooner…
- Named and shamed: NINE groups of people who want to take a nibble out of your retirement savings before you get your hands on them… and how to protect your super fund from these vested interests’…
- Seven checks to see if it’s worth you setting up an SMSF: including the amount of money you have to invest… your investment history… what kind of insurance cover you need… whether you’re good at keeping records… pay attention: this is the small print stuff you need to know…
- The definitive list of pros and cons for going self–managed: most investors dont understand the hefty fees associated with running an SMSF — until it’s too late… and most don’t understand the need to keep good, detailed records… if you don’t want your SMSF to get frozen by the ATO — read this…
- What investments to hold within your SMSF — why growth shares aren’t right for everyone… and why a beta approach to investing could help you sleep better at night…
PLUS — your questions answered:
- ‘Do I pay less tax in an SMSF than in a normal super fund?’
- ‘How can I keep costs and fees down with an SMSF?’
- ‘Where do I go to establish an SMSF?’
- ‘Where can I get good investment ideas for my SMSF?’
Claim your free Self-Managed Superannuation Fund report today and you’ll also receive a free subscription to Markets and Money, Australia’s leading source of independent investment ideas.
If you suspect that what you read in the papers and see on the television is just one part of the story in the financial world — and maybe not the most interesting or useful or even accurate part — you’ll be glad to have Markets and Money in your life.
Edited by value investing expert Greg Canavan, and with contributions from Vern Gowdie, Callum Newman and Bill Bonner, Markets and Money digs deeper than your newspaper ever dares, to bring you a take on the financial world you won’t find anywhere else. Whether it’s about the stock market, superannuation, gold, oil, inflation, China, or the future of house prices, you’re guaranteed a different, irreverent, and refreshingly alternate point of view.
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To claim your free self-managed superannuation report and complementary subscription to Markets and Money now, simply enter your email address in the box below and click ‘Get my free report’.