While most Australians who invest in Self-Managed Super Fund (SMSF), tend to follow a set investment template to save up for a happy retired life where they know they can withdraw anytime they like and they get superior returns on it too. The flexibility and self-managing ability almost acts as a negative strategy when thought from a financial experts’ point of view. It is often seen ironically that many Australians overlook the need of a financial advisor when it comes to SMSF investment strategies.

Let us learn about SMS Investment Strategies given by some of the leading SMSF outsourcing professionals in Queensland, Australia:

1. Diverse Investment
Any financial investment is risk driven and if you are not familiar with the financial trade, managing your own SMSF can be a daunting task. But one of the easiest investment strategies you can start with is diversification. Invest in different areas like business, real estate, related property and different classes of assets. This way you have little risk as you have achieved diversification with your SMSF investment. Also keep in mind that you can only diversify your investments as your fund ages and has enough capital and amount of funds in it. Learn about different assets and asset classes to invest better and minimise risk.

2. Planning for circumstantial financial needs
We all want a happy retirement but our needs change with time. We can only plan in hindsight and be as close to covering our needs. But if you can still write down the amount you will need at a particular time, it is easier to strategise and get enough for your circumstantial financial needs as well.

3. Insurance of SMSF
Not many fund trustees know about SMSF insurance and thereby go on investing without getting the fund insured, which is a big risk to take. If you have insurance cover then members of the fund will get insurance and financial aid in times of stress and difficulty. It all depends on your investment strategy and contract of insurance.

4. Annual Audits
Most people are not financially wise and they rarely know about the compliance and taxation related acts. Therefore an annual audit is a must to review all your investments and fund, so that you get tax rebates, better retirement and your savings and investments are complaint with ATO.

For all these investment strategies you must consider SMSF outsourcing to manage your SMSF fund, so that your money grows and your investments remains profitable. Once you outsource SMSF fund to financial advisors, you can focus on your business or line of work that you do best.

Want to know more about SMSF? Contact our experts on 1300 707 326 or [email protected] today.