Hey, Hope you have been well, looks like NAB was scalled back,...

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rookstar

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01/06/20

22:55

Post #: 44971828
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Originally posted by SmugLex ↑

Not sure but here is a link to a article about superfunds that allow you to buy direct shares. I set up our own joint SMSF through our accountant as then you can buy any shares of your choice and you are not limited to a certain company only being allowed to make up 5 or 10% of your portfolio. Although they take care of all your paperwork for tax time every year they charge a certain percentage of the fund for there trouble. Everytime you sell or buy they want their little cut as well.

The cost of setting your own up costs a few thousand and then say another $3k a year all up. Sounds a lot but that cost is fixed so unlike the industry super funds that allow you to purchase shares directly they charge a percentage. A SMSF set up by a accountant cost the same every year whether you have $300K or $30M in your SMSF portfolio.

We are still paying the same amount ($3k) as we did 8 years ago when we started, if we were in one of the super funds, even the low cost ones, they would be billing us over $100K a year as a percentage in fees for SFA work and me putting up all the money and taking all the risk.

https://www.moneymag.com.au/control-super-investments

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Hey,

Hope you have been well, looks like NAB was scalled back, with the share off.

S32 looks interesting, i bought some the other day.

Cant wait for my change from the spp offer lol
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