I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Creating a Self-Managed Super Fund Investment Strategy

One of the most important things that a lot of people choose to go into a self-managed super fund is to choose their investments.

Over time you're going to end up the way you're worth to someone, 4% of your salary is going to go to superannuation. More importantly, if you're self-employed, you can make contributions off potentially up to $25,000 or tax-deductible contributions. Or is you're an executive salary sacrifice $25,000 each year, that money goes in.

Setting Up your Self-Managed Super Fund

If we've got this family super fund set up, if we have a husband and wife or spouses together who can then put in $25,000 each with a salary sacrifice or personal deductible contributions, and that money, $50,000, must then be used.

And this is where we start to work it. There's no good just sitting in cash. Cash is probably the riskiest investment for you in the long term regarding your retirement. Money barely keeps up with inflation. You need growth in the long term. A forty year old shouldn't be in cash; even a 50-year-old shouldn't be in cash. They should be fully invested.

At the end of the day, unless you're a balanced investor, you are either going to be one or two things. You're either going to be a share investor or a property investor. So if you're a share investor, then $50,000 will get you a long way to acquire an excellent parcel of shares in each year.

On the other hand, if you're a property investor, $50,000 isn't going to buy you part of property. However, it can put you on an excellently fixed deposit to acquire property. Now you can borrow to buy property in a self-managed super fund.

But not with standing that, you need to sit down and work out your investment choices. There are a couple of rules here. Any investments in the fund you cannot use yourself. You cannot use them yourself unless it's business property; a property like a farm, office, factory, that you're going to be engaged with your business in. Otherwise, you cannot use the assets of the fund yourself. You cannot go and have a vintage car and start using it yourself.

While there is engagement in self-managed super funds, there are also compliance requirements that you need to deal with. It is best to seek the advice of the experts who has the skills in this area. You can consult with our experts at www.australiansuperfinder.com.au by calling 1300 252 167

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