January 20 – Trevor Thompson
another interesting article. I classify SMSF trustees into three categories. Those who really do apply a DIY approach and do a reasonable job, those who follow the DIY course but would have been better off leaving it to professionals, and those trustees who want to make decisions but pay someone like me for advice. That puts a bit of perspective into this article
“Selfies’ accused of distorting decisions on dividends, capital
18 January 2014 | Andrew Main, The Australian, page 19
SMSFs are now so dominant in the Australian equity market that they are distorting the way big companies juggle decisions about dividends and capital investment, according to a Credit Suisse Australia report. “SMSFs are retarding investment, employment and growth in Australia,” the report by equity strategist Hasan Tevfik and analyst Damien Boey says. Graeme Colley, head of technical and professional Standards at SPAA, said that “reading between the lines shows the significant impact of SMSFs on investment markets which should not be taken lightly”. He said that average SMSFs had recently outperformed professionally managed funds, according to the ATO.”
By Trevor Thompson.
CFP DipFP
SENIOR PARTNER