The number of people believing that the SMSF is a powerful way of consolidating investments is on a rise. This is not surprising because even the fiercest critics (any new idea arrives with its fair share of detractors) have now warmed up to the many advantages presented by Self Managed Superannuation Funds (SMSF). Let me waste no time in taking you through 4 such benefits.
Self Managed Super Fund (SMSF), when compared to its peers like retail or industry funds, offers greater degree of choice and control. For some time now I have been a lobbyist of SMSF and I have firm reasons to back it. In time, I expect to be vindicated. I don’t mean for a moment that SMSF has not drawn its fair share of brickbats from conservative readers of the game but then even they are warming up to it now. Before I establish why you should invest in SMSFs, let me give you a brief overview of what it is and when can it represent your true interest.
It is kind of weird to learn that only 3.6% of the SMSF kitty has been poured into residential real estate (till the latest news came in). I mean I get a feeling that the numbers should be a lot higher. However, data and fact sheets cannot be questioned and they state that about $18 billion out of the $500 billion in Self Managed Super Funds is invested in residential real estate presently.