Why bother setting up an SMSF unless if you got at least $300k...

Why bother setting up an SMSF unless if you got at least $300k plus or have specific estate planning goal? You will lose out the benefits of investing in great industry funds like AustralianSuper:
- Return of 10% pa (over the last 28 years) on Balanced Fund (default fund) after investment fees and tax. I think 10% return taking into account that this option is not even the most aggressive option available (around 60-70% growth assets) is pretty good.
- You get exposure to unlisted/alternative assets through their diversified options at reasonable cost (wholesale investor cost)
- Group insurance which is cheaper than retail insurance policy and will meet the need of most average investor and no commission on insurance premiums.
- No commission on fees etc
- Access to ASX shares, ETFs, term deposits, UBS stock research if you want to ($180 pa fees + brokerage)