Hi Roka, I would say it really depends on what your goals are...

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mkalkan

678 Posts.

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13/08/17

18:15

Post #: 26468157
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Originally posted by roka ↑

My Super balance has been increasing steadily:
30/6/2011: $69,569
30/6/2012: $84,405
30/6/2013: $95,057
30/6/2014: $ 116,600
30/6/2015: $139,253
30/6/2016: $207,426
30/6/2017: $228,875
Currently above $240k

Needless to say I am very happy with how things have gone, but I set myself a goal of setting up my own SMSF once I hit $250k. Interested to hear what people think is the minimal working balance. I can't get any one else to join a SMSF with me because I am too high risk for them. I am with Australian Super, Members Direct. Choosing my own shares in the ASX300, totally happy with the service for such low cost, but feeling really restricted in what I can invest in.
I went in with my Dad when he set up his own SMSF, so I know the drill about how to set up a fund etc, but feel the effort is worth it, as long as the costs can be borne in case I have a couple of off years.
Should I increase my target starting size for a SMSF, or go for it. Interested to hear your thoughts.
I have shares and investment property outside super, not wanting to tip more into super seeing as I am 43 with years of Private School fees for my Daughter ahead, etc, etc.

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Hi Roka,

I would say it really depends on what your goals are long term and what sort of investments you want. I am actually a financial adviser and have my clients ask this question almost every day. I would be more then happy to have a good conversation in regards to this with you if you like.
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