Dear %%first_name%%,
As the market struggles to find direction – this morning that direction was up but from the beginning of the year to now we’ve basically taken two steps forward and two steps back – it might be a good idea to forget about the daily machinations and look at your long-term investment strategy.
Today, I go through why it’s important to know yourself before you know your SMSF. The long-term theme is also taken up by Barrie Dunstan, who explains why it’s important to know the CEO. Paul Rickard looks at the upcoming float of Medibank and tells us why he’ll be putting some cash aside to invest.
Also in the Switzer Super Report today, James Dunn looks at A-REITs and a few that might be in for a bit of an upswing – Westfield Retail Trust, GPT and Stockland get mentions. In Shortlisted, banks and their technology developments are under the microscope and in Buy, Sell, Hold – what the brokers say, Aristocrat and Sigma get upgrades.
Auction clearance rates have actually fallen slightly over the week, despite panicked predictions in some corners of the press that we’re heading for a bubble and Did you know? looks at some important regulation changes that could mean each of your trustees is up for $1700 if you fail to lodge or keep proper records!
Sincerely,
Peter Switzer
The new penalties for SMSF breaches have finally been made law. There will now be much heftier fines for breaches, such as not keeping proper records or failing to lodge returns or financial statements. If you have an individual trustee structure, each trustee could be up for $1,700. Watch my interview on Sky Business with Peter Burgess here for more info.