Dear %%first_name%%,
For a long-term investor, I find watching the stock market much like watching an exciting game of footy; it’s gut-wrenching when your team is in the doghouse, but there’s no better feeling when it storms home. But there’s more similarities and I talk about those in my note today.
Also in the Switzer Super Report, George Boubouras names two energy stocks that suit SMSFs and Paul Rickard updates you with the best term deposit rates. We also tell you about two free services that can help your fund stay compliant. Plus, we have our regular chart of the week and broker wrap of stock recommendations. Enjoy the game!
Sincerely,
Peter Switzer
Self-managed super funds (SMSFs) reported positive returns in the 2009-10 financial year compared with declines the previous two years, new figures from the Australian Tax Office show. There were around 456,000 SMSFs comprising 867,000 members as at 30 June 2011. The value of SMSF assets stood at $418 billion, accounting for 31% of total super assets.
The ATO said there was a positive shift to listed shares at the end of the financial year, corresponding with a shift away from cash and term deposits. The data showed that SMSFs directly invested 77% of their assets, mainly in cash and term deposits and Australian listed shares (a total of over 60%). Smaller SMSFs tended to favour cash and term deposits, while larger SMSFs had a greater tendency to invest in listed shares.
The data also showed that SMSF members are getting younger, although the general age remains skewed to more mature age groups.