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DIY Super For Dummies, 3rd Australian Edition by Trish Power

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Part IV

Investing Your DIY Super Money

tip.png Five Must-Dos When Drafting a SMSF Investment Strategy

check.png Return: As SMSF trustee, when drafting and regularly reviewing your SMSF’s investment strategy, you need to consider the likely return from an investment, and whether such an investment is consistent with your SMSF’s investment objectives.

check.png Risk: You can’t focus solely on the likely return of an investment —your fund’s investment strategy must require you to consider the risk involved in making an investment.

check.png Diversification: You must consider whether your fund assets need to be diversified across a spread of asset classes, such as cash, shares and property, and whether your fund assets also need to be diversified across a spread of specific investments.

check.png Cashflow needs: You need to ensure that the cashflow needs of your SMSF are not compromised when deciding on your overall investment strategy. Typical cash flow requirements of a SMSF include paying fund expenses and super taxes, and if ...

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