A presenter explains why self-managed super funds work for most people: you'll pay fees anyway, so you might as well keep control of your investments. The catch is setup takes real time and retail funds make it harder than it needs to be. Research your goals first.
Okay, Alexis has a great question about moving into an SMSF or a self-managed super fund. What are the things that we need to be aware of before we get into a self-managed super fund? Now, let me start by telling you I'm a massive fan of self-managed super funds for practically everyone. So this first thing you need to know is that you're paying fees anyway. Why wouldn't you just pay fees to have your own money under your own control? But a lot of people get turned off setting up a superannuation fund for the reason they think, oh, well, the fees are too much, right? So that's the first thing I want you to know. Number 2, It's gonna be a pain in the ass. So it takes a long time to set up. The retail super funds make it unnecessarily difficult. Number 3, you get to make the decisions. You are creating your own strategy. You're executing on your own strategy. So when it comes to setting up a self-managed super fund, I think it's well worth it. So do your research, get clear on it, and I think it's a really solid thing to look into.
