I'm sorry, but which part of my post above is rubbish? Reading and educating yourself doesn't necessitate going out and getting an SMSF.
Who said you have to pay over-inflated fees? The biggest industry funds charge an admin fee of just over $100 a year and investment management fees of under 0.25% p.a for equities and balanced options, which most ETFs can't compete with.
If you wanna pay $1,500-2,000 a year ongoing accounting/audit costs to run an SMSF and have an index tracking ETF with management fees of more than the above, go ahead, knock yourself out.
