SMSF investment: Where does the DIY super money go?

Discussion in 'Superannuation' started by hiho, Nov 14, 2012.

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  1. hiho

    hiho Active Member Silver Stacker

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    http://www.superguide.com.au/comparing-super-funds/smsf-investment-diy-super-asset-types

     
    hiho, Nov 14, 2012
    #1
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    So not Gold then!

    0.16% of total SMSF assets are in a combination of Art, Collectables and Metals.

    Some way to go before we can start making a difference then.
     
    Jislizard, Nov 14, 2012
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  3. hiho

    hiho Active Member Silver Stacker

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    just goes to show the masses are still under the banking spell
     
    hiho, Nov 14, 2012
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  4. monalisa

    monalisa New Member

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    I am an accountant, and have never seen one SMSF with Precious Metals!
     
    monalisa, Nov 26, 2012
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  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Probably because you do not reside in India - where all the eSuperfund Accounts which hold metal are seen. :p
     
    wrcmad, Nov 26, 2012
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  6. monalisa

    monalisa New Member

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    My clients include high net wealth individuals... its bizarre none have made money through metals =/
     
    monalisa, Nov 26, 2012
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  7. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Oh crap.
    Maybe there is a reason why none of your high net wealth clients are a result of metals investment. :eek:
     
    wrcmad, Nov 26, 2012
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  8. monalisa

    monalisa New Member

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    Share portfolios really. Each to their own!
     
    monalisa, Nov 26, 2012
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  9. nonrecourse

    nonrecourse Well-Known Member

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    How do you transform high net wealth individuals into low net wealth retirees? Advise him or her to hand their money over to a financial planner who will invest it in managed funds aka shares. :lol:

    Kind Regards
    non recourse
     
    nonrecourse, Nov 29, 2012
    #9
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yit
     
    mmm....shiney!, Nov 29, 2012
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  11. Kawa

    Kawa New Member

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    No one has talked about FP's here.Many here have made serious money from the stock market .

    You are a complete * fool.
     
    Kawa, Dec 15, 2012
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  12. Kawa

    Kawa New Member

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    All markets have risk.

    Non Recourse is a * Fool .
     
    Kawa, Dec 15, 2012
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  13. goldpelican

    goldpelican Administrator Staff Member

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    There's a language censor on here for a reason.

    Personal attacks are also unwarranted.
     
    goldpelican, Dec 15, 2012
    #13
  14. nonrecourse

    nonrecourse Well-Known Member

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    Sticks and stones can break my bones but names will never hurt me :p

    Kind Regards
    non recourse
     
    nonrecourse, Dec 15, 2012
    #14
  15. errol43

    errol43 New Member Silver Stacker

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    Maybe the wise ones have a little on the side..Pay cash , buy under $10k silver/gold and stack it away from prying eyes.

    Regards Errol 43
     
    errol43, Dec 15, 2012
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  16. Willow

    Willow New Member

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    Oh and by the way, this thread was shaping up to look very interesting with some nice insight from monalisa (thanks for the input monalisa) and flowing discussion.....then POW, Kawa you drop junk in it...come on, lift it up a notch champ.
     
    Willow, Dec 15, 2012
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  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Over half my net worth has been made from trading the stock market - but all pre-2009. You have to time your markets, and right now stock markets are not looking very inviting - neither RE for that matter. :)
     
    wrcmad, Dec 15, 2012
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  18. Willow

    Willow New Member

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    It is very interesting to me to see how small the overall allocation of peoples savings is to precious metals. Considering it has been a way of storing wealth for so many centuries it is amazing to me that over 50 to 75 years it has got to a point where average joe thinks it insane to own some.
     
    Willow, Dec 15, 2012
    #18
  19. boyracer

    boyracer Member

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    No disrespect GP but seriously? NR is the worst of the bunch for personal attacks and I've never seen him pulled up for it (I've personally been on the receiving end of many frothy mouthed tirades). Not trying to derail the thread but I'm quite bemused to see you state that.

    Back on topic - with so much super money held in SMSF's is it any wonder the govt and insto funds are trying to regulate them into oblivion? Must really drive them nuts, people actually trying to do stuff for themselves. My main question is what is their next trick to try and screw us?
     
    boyracer, Dec 15, 2012
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  20. boyracer

    boyracer Member

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    Personally, I don't or likely ever will have any PM's in my SMSF. If I did so I would have to declare it to various govt authorities and that to me is a big no no. If I were to own any PM's, not that I do of course :p, it would be in my own name and away from prying eyes.
     
    boyracer, Dec 15, 2012
    #20
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