Self-managed super funds allow you to pick exactly how your superannuation is invested – but they’re also a lot of work.
Money editor Dominic Powell and our experts share tips on how to save, invest and make the most of your money., a free weekly newsletter giving expert tips on how to save, invest and make the most of your money, is sent every Sunday. You’re reading an excerpt −You’ve probably heard it numerous times, but your superannuation is one of the most important investments you’ll make in your lifetime.
It’s no surprise then that we pay super funds and their managers multiple millions of dollars to manage this money for us, trusting in the fact that their expertise and know-how will mean our hard-earned is well invested. And thankfully, dud funds are less common than they used to be, though they still exist here and there , they allow you to pick exactly how your super is invested rather than leaving it to the discretion of your super fund.
Advice given in this article is general in nature and is not intended to influence readers’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.
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