Some very interesting comments here on SFSFs. I retired just over 12 years ago. I had the option of a defined benefits pension or a lump sum and took the latter - about $400k. I set up an SMSF and started investing in shares with zero knowledge of how it all worked. Twelve years later, the value of my SMSF has just passed $1M, thanks mainly to my decision at the beginning of this year to invest heavily in fossil fuels. Over the twelve years, my wife and I contributed further to the fund, but we also withdrew about $30k per annum on average as a pension. It has been very worthwhile. I have enjoyed the experience immensely, learnt an enormous amount about finance and investing - great to keep the ageing brain active. It is not much work, and depends how much you want to do yourself. This year, because I sold a lot of long term holdings to buy my energy shares it will probably take me 10 to 15 hours to prepare everything to hand to my accountant. I would guess his fees will be about $1500, not too bad as a percentage of $1M. Each to his own, but my SMSF experience has been great.
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Last
$6.69 |
Change
-0.130(1.91%) |
Mkt cap ! $5.596B |
Open | High | Low | Value | Volume |
$6.76 | $6.78 | $6.61 | $38.61M | 5.773M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 3725 | $6.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.70 | 6759 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3725 | 6.660 |
7 | 21688 | 6.650 |
4 | 74879 | 6.640 |
5 | 36005 | 6.630 |
5 | 21800 | 6.620 |
Price($) | Vol. | No. |
---|---|---|
6.700 | 6500 | 1 |
6.710 | 31809 | 4 |
6.720 | 15179 | 1 |
6.730 | 24084 | 3 |
6.750 | 4992 | 2 |
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