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derteye

178 Posts.

4

29/02/16

19:01

Post #: 17147067
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Originally posted by cafa ↑

A SMSF for one.
The limits are in fact for the good of the majority of investors. if you have been around on HC for a while and followed some of the speccy stocks, the stories of folks wiping out their super fund are legion.

Some folks are just punting on the next 'big thing. And that is fine, except the tax payer generally picks up the tab when they go on the age pension. It can become a one way bet - if one gets it right then retire rich, and if wrong the good old taxpayer will bail one out.

I think many of the large super managers would try and prevent too large a holding in any one company, if only from a due care point of view. They don't want the bad publicity when things go wrong and every one says that they should have been warned - not good for business.

Set up your own SMSF and you can have 100% in one company if you so wish.

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Cafa,
Thanks for your detailed reply and yes you do raise points which i consider to be fair.
I wont bore you with my personal financial situation and I don't expect a fund to enable 100% investment in a single company, but I still wish to know my options and how much risk I am able to take on.
cheers
derteye.
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