My SMSF

My SMSF – stellar performance

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Name: ‪Maurizio Zappacosta ‬‬‬‬
Age: 52
Other members of the SMSF: My wife


How long have you had your SMSF?

Around a decade but only really started focussing on it in the last five years.

Why did you start it up?

To prepare for my retirement and control my future. I think if you’re a business person and own your own business, you should have an SMSF. But they’re not for everybody. If you have less than $250,000 or $200,000 it’s hard to balance the cost.

How big is it?

Approximately $860,000.

Is it more or less difficult to manage than you thought it would be?

No, as long as you have good book keeping and record keeping systems in place. Being an accountant, a lot of it is what I do anyway.

Do you enjoy managing it?

I don’t necessarily enjoy doing it. It’s another thing to do.

Are you pleased with its performance?

Yes.

Can you give us some numbers around performance over the last few years?

1—-8% pa
2—-7.5% pa

3—-5.5% pa
5—-6% pa

What is your asset allocation?

89% commercial property (my accounting office), with the balance in cash and fixed interest.

What are you favourite investments and why?

I stick to property, as I understand it. I haven’t played with equities yet but in the next few years I’ll be looking to diversify more and have a more balanced portfolio. I’ll use a financial planner to help with that.

What investments do you have outside of superannuation?

A couple of rental properties.

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.

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