Nightstalker is absolutely correct, and is fully entitled to run his SMSF in any way he likes, provided he does not infringe the Trust Deed for his fund. Anybody with any sense at all (and I am sure Nightstalker has a great deal of sense) will have a Trust Deed which gives them wide discretion, and certainly does not exclude non-income-earning investments. My own SMSF Trust Deed allows me to invest in anything from pictures to postage stamps, if I feel so inclined. I wear the responsibility; I take the consequences, as Nightstalker is doing.
Regards, Prime1
Why should somebody else interfere?
eureka report, page-29
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