After the excitement of setting up your own self managed super fund (SMSF) comes the reality that you are now responsible for your own investments. While it is required that a SMSF must have a written investment strategy, it is one that the trustees are free to design in a way that best suits the needs of the fund members. One of the main advantages of running your own SMSF is the ability to choose from an almost unlimited range of investments, which is unrivalled in comparison to other types of superannuation funds.
The more common types of investments seen within SMSFs include:
- Australian and International Listed Securities (shares)
- Cash and Term Deposits
- Managed Funds and Wraps
- Real Property
- Collectables and Unlisted Shares