When the markets turn as volatile and confusing as they have over the past few months, even the most patient investors may come to question the wisdom of the investment plan they’ve been following.
At GFP, we’ve seen a lot of difficult markets come and go and we can certainly empathize with people who find the current environment troublesome and disturbing.
Did you know Self-managed super funds have become a popular way for Australians to build their retirement savings? In fact they’re now the fastest growing part of the superannuation market, with more than one million of us being members of an SMSF.
The popularity of SMSFs can largely be attributed to the fact that more and more people are deciding they want to have greater control over their investments.
People want the flexibility to make their own decisions about what to invest in, and the ability to change direction quickly, if needed.
Technology is another factor that has contributed to the growth in self-managed super funds. For example, some SMSFs give fund members instant access to the performance of their investments on mobile devices, anywhere and anytime.
If you think a self – managed super fund could be right for you, or if you’re simply interested in understanding a bit more about them you should get in touch with us.
A GFP adviser will talk to you about your personal financial situation and your future goals and will help you decide whether an SMSF is suitable for you. This will involve a discussion about the benefits and challenges of running your own super fund, including set-up and operating costs and ways to make it easier than you might think.