Interesting article in the AFR about industry fund liquidity due to withdrawals, essentially saying if they are in such a situation they are not acting in the best 'long term' interests of members and they are 'not consistent with more experienced asset managers'.
One thing I can reflect on being a trustee of an SMSF is that my investments have never been to to get the highest possible return so I never get annual returns of over 10%, however my aim is to cover my ongoing expenses in retirement so my strategy doesn't involve illiquid risky assets, so I only get a 5% return pa. but that's OK it's all I need. So many in the finance advisor sector suggested they could get me over 15% pa but I rejected their advice as pure folly and overt exuberance. It just adds weight to the fact if you are managing your own money it becomes a very personal challenge to preserve your capital, if your a large fund it's not your money and losses don't matter as long as you get your paycheck every week.
I hope the view around SMSF will change and stop the big industry super funds bitching about them all the time.
