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.
Pension Loan scheme, a reverse mortgage scheme floated by the government does a better job at satisfying the appetite of the senior citizens than the ones floated by the private sector. Where it possibly fails is that it gets limited to the betterment of the rich retirees. And to make matters worse, one particular aspect of it is so very puzzling. See if you can make some sense out of it.
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.
The SMSF sector welcomed the most furious market sell-off as a buying opportunity. They traded with double vigour and beat the other retail investors by a fair margin, if the analysis of nearly 100,000 fund holders proves anything.