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for even a small smsf fund say 500K, using 0.25%pa management...

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jmkn04

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16/08/22

19:11

Post #: 63149819
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Originally posted by JimmyD75: ↑

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.

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for even a small smsf fund say 500K, using 0.25%pa management fee as your example, is still $1250 pa.
for a 2M smsf thats $5000 in management fees.... for what? not being able to even beat the index. over 90% of fund managers can't beat the index.

complete waste of money trusting those muppets with your money. so yeah, complete rubbish.
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