The latest ATO statistics (June 2022 quarter) show over $1.3 billion of Self-Managed Superannuation Fund (SMSF) investment allocation is held in cryptocurrency assets. Whilst newly established SMSFs investing in crypto are being led by the 35-44 age group, so is it time to consider this alternative asset class to grow your retirement savings? With 1…
Certainty on SMSF Policy Positions | October 2022-23 Federal Budget Summary
Written by Tracey Scotchbrook, Policy Manager, SMSF Association This October Budget is the second Federal Budget for 2022 and the first by the Albanese Government. As expected the 2022-2023 October Federal Budget has focused, on families, education, health and aged care, energy and affordable housing. From an SMSF perspective it is a relatively quiet Budget with some…
Why all SMSF members should have an enduring power of attorney
Written by Meg Heffron, Managing Director, Heffron Powers of attorney are vital for all of us with an SMSF – no matter how young, fit and healthy we may feel. A quick re-cap The term “power of attorney” is probably well understood. It involves one person (the donor) giving some important legal powers to someone…
Did Active Managers Find Opportunities to Outperform? Mid-End SPIVA® Australia 2022 report
Content provided by S&P Dow Jones Indices The latest Australian edition, the SPIVA Australia Mid-Year 2022 Scorecard, provides a number of interesting insights about the performance of active versus passive across active fund categories. Although the long-term performance statistics remain grim reading for fund selectors, the first half of 2022 contained some bright spots for…
Knowing how to read the cap rate essential for property investing
Content provided by Thinktank Written by Per Amundsen, Head of Research and Cullen Hughes CFO, Thinktank When self-managed super fund (SMSF) trustees consider acquiring commercial property, whether business or investment related, one of the terms they will consistently hear about is the “cap rate”, or capitalisation rate. The industry’s term for the net rental return…
Time is running out to apply for a Director Identification Number (director ID)
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). It is a unique 15-digit identifier that directors apply for once and keep forever. The following provides some useful further information. If, after reading this document, there is anything that you are unsure…
What does Do Your Own Research (DYOR) mean in crypto?
Do Your Own Research. It’s one of the most popular terms in the cryptocurrency community. It’s a reminder to take control of your own money and in the exciting world of crypto, NFTs and blockchain, it’s really important as markets can move very quickly and it takes time to build your knowledge. Australia tops crypto…
Why to consider gold for your investment portfolio
Written by Mark Pey, Director and Co-Founder, Rush Gold It was the Spanish/American philosopher and essayist, George Santayana, who said that “those who cannot remember the past are condemned to repeat it”. For investors today, especially for SMSF trustees in pension phase for whom capital preservation is critical, it’s a saying they should well heed.…
Why is gold often regarded as money?
Content provided by The Perth Mint In his testimony before Congress in 1912, American financier and investment banker J.P. Morgan stated, “Gold is money. Everything else is credit.” In this article we look at the definition of money and discuss why it is that many still regard gold as ‘real’ money. According to the classic definition, money…
Whitepaper: How precious metals can benefit SMSF trustees
Content provided by The Perth Mint Introduction: Why do people still invest in precious metals? “Many astute investors allocate 5-10% of a diversified portfolio to gold.” Precious metals such as gold and silver have been valued as a store of wealth for generations.Contemporary investment vehicles are today making this asset class more convenient than ever…