Ep 325: Part 1: The best ways to invest your super
Description
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In this episode, Stuart provides a comprehensive overview of the best ways to invest your superannuation. He starts by exploring the landscape of industry and retail super funds, discussing the pros and cons of both. He critiques the scale and fee structures of industry super funds, noting that while they have grown significantly, their fees have not decreased proportionally. Stuart also touches on the increasing competitiveness of retail funds since the 2019 regulatory changes, highlighting Vanguard Super as a notable new player in the market.
For those seeking more control and transparency, he explains the advantages of Self-Managed Super Funds (SMSFs) but emphasises that they are only worth considering for specific types of investments, such as property. He introduces wrap products as an alternative, offering flexibility and control without the administrative burden of an SMSF. He concludes that these options can offer more control and potentially better cost-efficiency compared to traditional industry funds.
In part two of the podcast, Stuart promises to delve deeper into the costs and benefits of wrap products and help readers decide between industry, retail, wrap platforms, or SMSF based on their individual needs.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.