array(1) { [0]=> &object(stdClass)#6892 (52) { ["id"]=> string(5) "17673" ["title"]=> string(136) "Will housing affordability improve in 2022? Will buy now, pay later become the norm? Why are Aussies staying in failing super products? " ["alias"]=> string(131) "will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["introtext"]=> string(254) "

In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannuation, property, investing and wealth creation.

" ["fulltext"]=> string(1072) "

Steve Waters, director of Right Property Group, talks about affordability, inflation and his expectations for property in 2022.

RMIT senior lecturer of finance Dr Angel Zhong covers the interesting topic of buy now, pay later and what its introduction to the hospitality industry could mean for consumers. She also relays her thoughts on CBA’s entry into crypto and how other banks may react.

Finally, tax and super guru Timothy Munro tackles the likely return of a popular tax-saving measure in 2022. He also delves into super’s stellar performance and why Aussies aren’t leaving failing MySuper products.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-11-17 00:28:11" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-11-17 03:35:57" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-11-17 03:35:57" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(233) "{"image_intro":"images\/podcasts\/Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","comments":"1","readingDiff":"3","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(97) "housing, affordability, improve, 2022, buy, pay, norm, aussies, staying, failing, super, products" ["metadesc"]=> string(200) "In this episode of The nestegg Podcast, host Maja Garaca Djurdjevic checks in with our three experts, digging into the biggest headlines of what’s happening when it comes to the world of superannua" ["access"]=> string(1) "1" ["hits"]=> string(3) "116" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1072" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#6840 (3) { ["data":protected]=> object(stdClass)#6903 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["menu-meta_description"]=> string(180) "Let us help you decide how you want to invest your money on. Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(71) "Invest Money - Strategies and Tools for your Investment Goals | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-11-17 03:35:57" ["slug"]=> string(137) "17673:will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(150) "/resources/podcast/will-housing-affordability-improve-in-2022-will-buy-now-pay-later-become-the-norm-why-are-aussies-staying-in-failing-super-products" ["image"]=> string(58) "images/podcasts/Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

Will housing affordability improve in 2022? Will buy now, pay later become the n...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Invest

Could you be making a self-managed super fund mistake?

By Philip Ryan

May 11 2018
Share

Invest

Could you be making a self-managed super fund mistake?

By Philip Ryan
May 11 2018

Self-managed super funds (SMSFs) have become, in recent years, an enticing option for Australians looking to set up for retirement.

could making self managed super fund mistake

Could you be making a self-managed super fund mistake?

By Philip Ryan

May 11 2018
Share

Self-managed super funds (SMSFs) have become, in recent years, an enticing option for Australians looking to set up for retirement.

In fact, SMSFs have become so popular that today more than a million Australians have made the choice to chart their own course to retirement.

However, navigating the complex world of investment and staying afloat in a sea of compliance and regulation is tricky, particularly when there is political and policy uncertainty.

Then, there are the market fluctuations that need to be weathered. All of this puts the spotlight on the challenges faced by those who choose to self-manage their investment for retirement as head of an SMSF.

So, what can you do to steer your SMSF through the dual headwinds of policy and financial uncertainty, and chart a safe course to comfortable retirement?

1. Don’t put all your eggs in one basket, or two

While it may seem like common knowledge, according to data from ASIC, many Australian SMSFs are overexposed to local shares and cash, with about 30 per cent of the total holdings of SMSFs in domestic shares and 25 per cent in cash.

Given that Australia represents a small slice of the global share market, it’s reasonable to suggest that this doesn’t reflect a well-diversified holding. On top of this, a large share of SMSF investments are made in domestic property, with SMSFs investing more than $110 billion (collectively 15 per cent of total holdings) in both residential and non-residential property.

Other investments types, such as trusts, can give SMSFs the option to diversify away from shares and large direct investments in property. Of course, no one size fits all, and the best advice is always to discuss your options with a financial adviser so that you can build a diverse portfolio that will carry you through troubled waters and accelerate through calm seas.

2. Don’t set and forget

Policy changes and below average performance can have a significant, long term effect on the performance of your SMSF. By taking an active role in the management of your fund during the accumulation phase, you can respond to the changes in policy, or changes in the performance of the various asset classes much more readily.

We’re not talking about constantly having your eye in the looking glass. Monitoring your SMSF shouldn’t be a daily activity but certainly it’s not a set and forget for years on end either.

Talk through your options with your financial adviser, ask them questions about the policy frameworks that affect your investment choices, and discuss the short, medium and long-term performance of your asset choices.

Understanding your portfolio through regular review can also set you up to better respond to financial shocks. In the event of an adverse financial event, you need to know where your investments are, and how they will be affected.

With your hand on the tiller and your focus on your destination you will be much better placed to make the adjustments needed for a smooth journey and safe arrival.

3. Don’t wing it

While you will always need to respond actively to changes in policy and fluctuations in markets, you also need to set a course for your SMSF that reflects where you are now and where you want to go in terms of retirement savings. Think of your plan as the big picture chart that maps your refuelling stops and landing points along the way.

If you don’t have a map for the direction of your SMSF, then you can’t know when you have been blown off course, or if you remain headed in the right direction.

Here are a few basic tips to help with your planning:

Get good advice. Find a financial planner who you can really talk to and who you feel understands your situation and goals very well. This doesn’t happen overnight. Get to know them; talk to others who work with them and make sure you like the ‘cut of their jib’.
Set your goals together and focus intently on how you will make them happen. This takes time at the start but gets easier over time. And remember, a good goal is one that’s written down and which is measurable.
Know your appetite for risk. What suits your friend, your partner, your neighbour may not be the way to go for you. Be honest – with yourself and your adviser – about how you want to approach investment risk. It’s also important to note that the returns you will look for, and your appetite for risk, will depend on your stage of working life. By discussing these factors with your financial advisers, you can develop the right plan for your SMSF, one that sets out fixed goals, but is responsive to the uncertainties you are bound to face.
Don’t be afraid to re-set the compass. If you feel you’re getting blown off course or your goals change (we’re all human after all), then adjust your compass and set sail again. Coping with uncertainty is a challenge in every facet of life, and it can be particularly daunting when it involves your hard-earned money and planning for retirement.

However, with the right advice and the right strategy, it’s possible to sail smoothly towards a happy retirement with an SMSF. For more on navigating uncertainty, check out the lessons that can be learnt from instability in global markets or if you’re looking to diversify your portfolio, learn more about Trilogy’s investment opportunities.

*Any information provided by Trilogy is general information only and does not consider your objectives, financial situation, or needs.

Philip Ryan is managing director at Trilogy Funds.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

Investment insights

How Aussies can invest like Warren Buffett

Arguably the most successful investor of the modern age, Warren Buffett is still the chairman and CEO of Berkshire Hathaway at 90 years old, and currently has a net worth of over $100 billion, writes ...Read more

Investment insights

Pahari leaves AMP as it pursues demerger

In yet another twist, AMP has announced its intentions to pursue a demerger of its private markets business, a move that has seen it kill off its takeover negotiations with Ares Management and Boe Pah...Read more

Investment insights

Business warned on COVID vaccine policy backlash

Businesses that pressure staff into getting a COVID-19 vaccine are being warned they could face discrimination, harassment, bullying and employment abuse claims, according to an industry expert. ...Read more

Investment insights

5-step guide to teaching kids about money

It’s never too early to start teaching kids about money and how to manage it. With the added challenges associated with COVID, it’s never been more important either! ...Read more

Investment insights

Why ethical investing is at a tipping point

Best-selling author Malcolm Gladwell said it best: “Look at the world around you. It may seem like an immovable, implacable place. It is not. With the slightest push – in just the right place – ...Read more

Investment insights

Ares withdraws from AMP bid as wealth manager’s financial results spell trouble

The bad news keeps rolling in for AMP, with the wealth manager reporting a significant drop in profit as its US bidder, Ares Management Corp, announces that it is backing out. ...Read more

Investment insights

‘RBA not responsible for asset prices’, governor says

RBA governor Philip Lowe has said that the Reserve Bank is not responsible for targeting asset prices, after questions were raised about the creation of raging bull markets against the backdrop of l...Read more

Investment insights

Retailers report strong HY21, with Super Retail set to refund JobKeeper

Certain Australian retailers are flourishing despite the government-mandated temporary store closures in 2020, with JB Hi-Fi reporting good sales growth and Super Retail Group pledging to hand back $1...Read more