Should you start a Self-Managed Superannuation Fund (SMSF)

[@timberangry1]

Might need an updated video mate. SMSF are cheaper and simpler than ever, e.g. options like Stake SMSF. You would almost certainly benefit from lower costs, especially if you combine with family members.

[@EthanRooshock]

Really well explained! Love your honesty on the fact that it's not always suited to everyone. I can imagine you would come a lot of people who have set one up thinking it's the best option for them without really understanding all the aspects of it.

[@GuidedInvestor]

Hey Ethan, thanks mate! Do you get many clients asking for an SMSF?

[@EthanRooshock]

@@GuidedInvestor Yeah I do have a few ask about them occasionally. Not something I do at the moment though, so I wouldn't say a huge amount!

[@jaker2731]

Started a SMSF with 27k and turned into 300k+ in 5 months of crypto trading... worth it for the 15% cap gains limit

[@richarddekretser2395]

Hey mate, nice work. what exchange did you use to purchase Crypto for your SMSF?

[@jaker2731]

@@richarddekretser2395 don't want to post my exchange online but a number of Australian exchanges allow you to set up SMSF accounts under your trust

[@libertyprojects1074]

Binance

[@AMVIsydney]

Well done on the 10x mate! I'm an investor, haven't used my super yet. Can you take profits along the way? I know people that have had most of their portfolio wiped out in the 2017 crash. Exit positions are key. USA is about to regulate crypto and we could see a bear market. If I can't sell at highs and take profit I'm reluctant to use my super, even with big gains. All the best.

[@PooDotStinkPants]

We have one, would highly recommend if you are willing to put in the work.

[@anuthakur2046]

Plz contact for SMSF accounting

[@TradingWithCJ]

Great video, smashed the like! Cool hearing about smsf, loads of info there mate, nice one

[@GuidedInvestor]

Thanks mate 👍

[@VictorEboa]

I learnt something today, i never heard of SMSF before, is this only in Australia? my best is using to buy an income property. big thumbs up

[@GuidedInvestor]

Yeah only in Australia Vic. The income property concept sounds interesting....

[@FernandoGonzalez1965]

Great video! Would you consider using an SMSF to buy commercial properties, not for your own lease but to lease to other businesses? I am considering setting one up to buy a couple of industrial commercial properties to later benefit from the cashflow. I am about 10 Years of retirement.

[@GuidedInvestor]

Nothing wrong with buying a commercial property in an SMSF provided you understand the pros and cons of commercial property investing....

[@niroshaabeysundara1713]

Thank you and it's well explained.

[@GuidedInvestor]

My pleasure 🙏

[@tonykampkes9861]

Very helpful to answer a host of questions

[@GuidedInvestor]

Thanks 🙏

[@raesounds]

Hey GI =D I am wanting to buy shares with my super and that's it, nothing else. reason being is i want to put more into a share, but don't have the capital, so am looking at using my super. Its it worth it just for investing in this one share? and lest say this share does well, meaning it doubles in 4 years for example. Cheers

[@GuidedInvestor]

Hey mate, depends how much money you are investing as to whether or not it is worth the cost. But either way, I would strongly caution against putting all your eggs in one basket. If it's a highly speculative share, probably best you don't put all your retirement savings on the line no matter how confident you are....unfortunately I've seen that strategy go wrong too often ☹️

[@P.Subaeruginosa]

The main thing I'm concidering is the markets are going to be bear soon (likely starting Dec/Jan based on history) especially the crypto market so I think it's a Bad time to start up a SMSF for the relatively new investor like myself. However rap artists have recently sold shares in their upcoming singles/ albums in the form of nfts which is potentially a huge market to get in early (I think this would count under art/nfts) you would even earn your share in royalties.

[@omarjay6228]

Question: can I purchase a property that I will live in through the equity gained through my SMSF investment property?

[@GuidedInvestor]

Good question! To be honest, I don't know the answer, but I would be very surprised if you could. From a legislative perspective, you're not supposed to get a benefit from your super until you meet a condition of release. But stranger things have happened 🤷‍♂️ I would ask a mortgage broker who has connections directly with lenders and can find out

[@spoTT94]

I guess not, moneysmart.gov.au/property-investment/smsfs-and-property

[@benjarvie1072]

Do you know of a accountant which is good for setting up a smsf for high frequency forex trading. Ie 500 to 600 trades a month typically. Im keen to action something start of new financial year.

[@Frugal101]

Really awesome information u broke it down so well.

[@GuidedInvestor]

Thanks, I appreciate that 😊

[@Ally-ug3nq]

Lovely background

[@GuidedInvestor]

Thanks Ally 😊

[@Andre_XX]

Guaranteed you will chop up half a forest to supply the paper you will need for all the ridiculous admin you have to do. The rules are there to make running an SMSF as difficult and unpleasant an experience as possible.

[@petertudor4529]

Thanks for the video, really helpful

[@GuidedInvestor]

Thanks Peter, I'm glad you found it helpful!

[@petertudor4529]

@@GuidedInvestor Are there any public offer funds you would recommend?

[@GuidedInvestor]

@@petertudor4529 there's a few good ones out there but the one you use will really boil down to what you want to invest in....

[@johndelaneyeng087]

What if the gov raided it just before retirement?

[@GuidedInvestor]

There is definitely some legislative risk in using any super fund but I always go back to the reason super was introduced - to get people off the age pension. Given this I think its in the government's best interest to maintain use and confidence in the super system.

[@GuidedInvestor]

Do you have or are you thinking about starting an SMSF?

[@tkwasik]

What super fund you use personaly if i can ask ? Looking myself for one now...

[@MrLandseer]

Hi GI, great, basic video. Thanks for that. We are thinking about setting up a SMSF but need some expert advice. Most firms providing advice have an agenda and are not forthcoming about niche investments. Where can we get 'independent' expert advice on SMSF?

[@GuidedInvestor]

@@MrLandseer hey, glad you liked the video! Feel free to reach out through my website if you want to chat about your particular situation....agenda free 😉

[@MrLandseer]

Hi GI, I would like to thank you for the advice given, via your website. Finally someone who's happy to give, expert, advice without an agenda. Much appreciated

[@GuidedInvestor]

@@MrLandseer no worries, happy to help! I appreciate you stopping back in to say thanks 😊

[@lovechineseforever9434]

SMSF benefits: 10% tax for income eg dividends, 20% for capital gain.