In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, shares insights on self-managed super funds (SMSFs) and the rising popularity of cryptocurrency as an asset class. He discusses the potential benefits of opening an SMSF, especially for those with significant superannuation balances, and how this strategy has proven effective over the years. Troy also addresses concerns about the unfair taxation of retirees, particularly regarding unrealized capital gains tax, and emphasizes the importance of financial independence for busy professionals. Additionally, he reviews social media posts critiquing SMSFs, providing his perspective on the misconceptions surrounding them. Tune in to learn how to navigate the complexities of SMSFs and take charge of your financial future.
Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/
Follow us:
Instagram – https://www.instagram.com/bluechipsmsf/
Website – https://www.bcsmsf.com.au
Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances
Timestamps:
00:00:00: Introduction
00:01:23 - Critique of SMSFs
00:02:14 - Costs of Setting Up an SMSF
00:03:33 - Investing in Crypto through SMSFs
00:04:45 - Criteria for Buying Property in SMSFs
00:06:45 - Activity in the Property Market
00:07:12 - Pooling Superannuation for Investment
00:08:27 - Investment Strategies for Young Professionals
00:10:20 - Asset Allocation and Risk Management
00:12:20 - Concerns for Young Investors
00:13:04 - Unrealized Capital Gains Tax Discussion
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.