Darren Kingdon trusted commentator 10 years +
MASTER YOUR SUPER
The No. 1 resource for building your Super money
Make your retirement bullet-proof
Jon C
Accountant“Master Your Super has created a wonderful compendium for people to unravel all the information regarding the financial arena. It allows people to develop their own plan and eliminate superfuluous information. It is the type of book that you can refer to when planning and revising your strategy.“
Glenis P
SF Fin, Financial Mappers“If you are either an SMSF trustee or you are thinking of starting an SMSF, I would strongly recommend you purchase this book.
The time invested in this book could save you thousands of dollars.”
Mark D
Retired Business Owner“I haven’t made so many notes in a book since 5th form history. I have been using the book as a checklist to ensure that I ‘m on track to date and as a guide as to what comes next.“
About The Book
10 Reason's WHY you must Master Your Super now
Many SMSF's aren't working as well as they should be and are underperforming, particularly in situations where they are:
Too small - with all the costs of running the SMSF being abnormally high in proportion to the assets held
Too undiversified - with over 18,000 letters recently sent to single asset undiversified funds thus exposing funds to high concentration risks
Too debt laden - ill-considered property purchases combined with high debt levels exposes the fund to greater risks, especially property purchases in regional areas and those made off-the-plan
Wrong mindset - not having the right mindset and commitment to your own financial education to help make smart decisions means your money is very much at risk.
On the flip side, many Australians are exposed to "fake balanced funds" among the big financial institutions, where many people are unduly exposed to:
Secrecy - what is really in these big funds? If they tell its you their top 10 stocks, they wont tell you about real estate, property developments, debt among other things. This is under the disguise of "commercial in confidence" to protect their "secret sauce". Ask them for yourself to find out what really lies behind the pie chart
Dangerously low cash levels - many of these balanced funds having very little to no cash in them - what balanced fund has no cash in it and what happens with your money if there is a run on them?
Vulnerable CBD assets - how much of the fund is made up of assets held in the CBD of major cities and how much are those assets now worth in a post-COVID world?
Fake valuations - clear evidence of these funds not properly valuing all of their unlisted assets, which can represent up to 20% of total fund assets, because in the words of a industry super boss "its not in the members interest to know"
Disallowed withdrawals - some funds changing its fund rules to give itself the right to disallow member withdrawals from their own funds in case there is a run on them and the fund faces its own liquidity crisis
Misconduct - add to this the widespread misconduct and poor practises of the big institutions and financial groups exposed at the recent Royal Commission, how should you respond?
So with many SMSF's under-performing or unduly exposed to high concentration risks and with the big institutions surrounding themselves with secrecy, arrogance and poor practices, Master Your Super is a must read.