Self Managed Super Funds Aren't For All

Monday January 12, 2009

Self managed super funds are not suited to every individual, and it is important to understand whether or not they are suited to your needs. While it is often said that self managed super funds are easy to manage and do not take up much of your time, you will still need to apply yourself to learn how to use them initially. This will then have to lead to a regular devotion of time and effort to maintaining your managed super funds and watching the investments you make.

If you will not realistically make the effort to properly learn how a super fund works and how to invest properly in order to grow your retirement savings, then you may be more suited to industry super funds or other types of super funds that include management than you are suited to self managed super funds. While such funds may charge you higher fees, poorly running a self managed super fund can mean significant losses. You must thus make a choice - find the time and motivation to properly run a self managed super fund or else find the right balance of service costs to investment returns with other types of super funds that include management of investments.

Please browse our site if you would like to read about master trusts or more about managed super funds.

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