I recently came across an article on the website SMSF Adviser which talked about the penchant of SMSF towards property and why this investment strategy might be fraught with risk. For many self-managed funds, the residential property exposure is too high; as high as 30 percent.
Mike King writes an article for The Motley Fool where he says that the SMSF sector is not only growing in numbers but also in average worth. Growing as much as 23% over the last 5 years, the average SMSF boasts of $1 million in assets. The median balance is $603,000. SMSFs now hold close to $590 billion in asset which is approximately 29% of the entire Super pool, estimated at $2 trillion.
Miranda Brownlee writes a piece for the SMSF Adviser where she says that the repercussions of the Australian share market are clearly felt by the self-managed Super funds. In the wake of the poor performance of the local share market the SMSF sector dipped by 3.2% in the September Quarter. From $575.4 billion in June, their value came down to $557.2 billion in September.
Mike Taylor writes an article for the website Money Management where he focuses on the long-running myth that SMSF owners are a conservative lot. In light of the share market bloodbath witnessed lately, it has come to be accepted that the SMSF sector can really make a go for it when needed and at such times, they can be much more aggressive than their counterparts.
Sarina Locke and Dominique Schwartz write a piece for the ABC Rural wherein they talk about the proposed plan to retain Kidman Station, largest cattle operators of our country.
Sally Rose writes an article for the Business Day Section of the Sydney Morning Herald where she talks about a crowd-funding campaign worth $410 million, primarily aimed at retaining S Kidman and Co, the biggest landholders of Australia. DomaCom, a “fractional property investing platform” has proposed the deal.
Miranda Brownlee writes a piece for the SMSF Adviser where she talks about the risks of maintaining one’s self-managed super fund from abroad. The Colonial First State (CFS) has talked about the major consequences pertaining to living abroad and compromising the residency rules.
Adele Ferguson writes an article for the Business Day section of the Sydney Morning Herald where she talks about the continued poor run of the Australian shares in comparison to their global rivals. Venezuela was ranked at the top and Australia at 37th when 73 stock markets were compared.
