Do self-directed investors have the necessary experience to do the research to make informed investing decision? When we journey into the investing world we are faced with many choices to make. There are numerous people out there that will want to make money by offering their services to help you make those investing decisions. It is worth paying for advice? Well that depends on who you are talking to? There are people out there that will that will gladly take your money either through scams or through high fees or large broker fees.
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