Left a widow in 2009 I had to jump in at the deep end. We had bought an investment property and had renovated a couple of houses that we flipped with a little success but that was the sum total of my knowledge. I couldn’t afford to stay a novice. I consulted financial planners, stock brokers and I started looking through the newspapers and goggling information available locally. I also signed up to attend seminars, forums, industry workshops put on by government agencies, financial planning groups and organizations. I went to free ones and I went to paid ones. I was on a mission to find out as much as possible.
The new year sees an offering of SUN, SURF, SAND & the Great 8 SPECIALISTS on SMSF (Self Managed Superannuation Funds) at one event on the Gold Coast in January 2016. This event is not-to-be-missed for anyone who has their own SMSF, anyone thinking of starting one and Advisors. It is important to get the set-up right and the management of your SMSF correct. There are big fines for those directors that do not get the management of their SMSF right.
When my SMSF (Self Managed Superannuation Fund) was established my advisor at the time, Heath Hill, advised me to have my funds allocated between Australian Shares that paid a dividend and cash. As I already owned property it was decided I did not need any more in my super fund. After a few years of attending seminars and