Run away warnie what a load of twollop, lindsay i think bill shortens comments yesterday prove your point & rightly so Most people that start a SMSF forget the SELF MANAGED PART, from one fee taker to another.
Same with everything if its to easy & cheap you pay for what you get, you swim at the bottom you meet bottom dwellers, & large sharks
Liberty finance does not strike me as a LT business,(didnt bother checking website their a dime a dozen, anything with the name finance is dodgy including the largest in the world GE FINANCE- now GE money)
refer bill shorten yesterday & his comments on trio capital & the exclusion of smsf's from compo. IF you start a smsf make sure its for the right reasons (admittedly i'm in my 30's or accumulation stage if your close to retirement its completely different & have no opinion)
1) you can beat the amount returned to you,compared to any fund after tax & accountancy & audit fees 2)You have a proven plan 3)Tax is not your main concern- just pay it trying to avoid it will only lead you into the hands of timber schemes real estate schemes etc etc & smarter sharks like trio storm (some financial planners)etc etc they exist small & large scale. 4) all the info is out their even in your local library if your to tight to buy books as reference DYOR SELF MANAGE 5) SMSF MEANS SELF MANAGED, it requires effort no effort no return, pay someone. if your placing control to others like some dodgy company with finance in their name or real estate investments. YOUR NOT SELF MANAGING & you will get ripped off more than the fees the finance industry extracts
For those with an interest attack it, the greatest thing i ever did just do not let anyone take a fee.
