It's always concerned me that accountants suggest a SMSF to their clients as
opposed to recognized funds, purely on the basis that they will audit same for
generally 1% of the fund assets and in doing so, completely ignore/not establish the clients investment skills and knowledge, if any, in this area.
The rule of thumb for the first 4 years should be 60% equities, with a caveat that
only LICs are used for that purpose and 40% cash (term deposit)
So, how would the last 4 years have performed? Examples, not recommendations,
shown.
WAM 14%pa (Australian equities)
MFF 17%pa (International)
Cash 2.5%pa (Term deposit)
About 11%pa combined. Not too shabby at all and I'll guarantee, towards
the top end of 95% of all SMSFs in their start up years.
It's always concerned me that accountants suggest a SMSF to...
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WAM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.52 |
Change
0.015(1.00%) |
Mkt cap ! $1.798B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.51 | $1.554M | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13000 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 110954 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| WAM (ASX) Chart |
