Age: 67
Family – are they members of the SMSF? Yes, two adults over 65 and two adults just over 40.
Where do you live? Eastern suburbs, Sydney
How long have you had your SMSF? 13 years
Why did you start it up? As a fall back from the hopeless returns of a managed fund, and reflecting on the lack of wisdom of the fund managers.
How big is it? Presently between $3 million to $4 million, but when we take the next step it will grow by more than another $1 million.
Is it more or less difficult to manage than you thought it would be? Not hard to manage, in fact, it is fun. 100% glad I established it. The fund yields far more than any other public fund I have found and more than friends who also have SMSFs.
Are you pleased with its performance? Very happy… it has outperformed the market in every period. A tax advisor put me on to a super industry advisor, because the accountant said our super fund was too complex and the advisor could help us do better. The advisor could not believe the yield, and in fact copied some of the structure/holdings.
What is your asset allocation? All Australian equities (listed and unlisted), very little cash. A very broad spread covering banking, services, retailing, mining, transport, IT etc. From some we have done super well.
What are your favourite investments/stocks and why? No particular favourite. Each acquisition is focused on improving our yield and getting the best bottom line and tax outcome.
What investments do you have outside of superannuation? Shares, Australian only, both listed and unlisted. Real estate which is rented.
Do you use an advisor or any kind of service provider? Given my past experience, I would say you would be crazy to use an external advisor. However, in the right circumstances and depending on the advisor, it can no doubt make sense.
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