SMSF

Property investing and the value of professional advice

Property investing and the value of professional advice

I usually try to keep my ranting on my blog to a minimum, but I have been so saddened by the story of the 71 year old lady from WA who is faced with losing her home to a high risk investment strategy that was probably never appropriate for her (ABC report here). Over a number of years, on a nurse’s wage,  she has amassed 11 investment properties (in addition to her home), owes over

Is your Self Managed Super working for you?

Is your Self Managed Super working for you?

I was horrified to see in a recent report (you can read here) that 44% of Self Managed Superannuation Funds (SMSFs) have not returned a profit for their members over the last 7 years (on average).  This means that even without allowing for the effect of inflation, those people’s retirement savings have gone backwards during that time. An SMSF can be extremely effective; you have control over your money in terms of how it is