Australian almost/quasi/kinda self-managed super fund?

April 6, 2014 8:26 PM

I'm a freelancer. I don't yet have enough in my super to make it worthwhile converting to a self managed super fund due to the management costs. Or so I believe. But I figure I have the time to weather some major market wobbles, so I would like my super to be a more aggressive. Is there anyone offering some kind of buffet style super, and with reasonable management fees? The more fine-grained/wider choice the better, though I don't think I need to be picking particular stocks. And if not, I'd be interested in anyone's favourite high growth super funds, or insights into the cost of SMSFs.
posted by hifimofo to Work & Money (2 answers total)

Almost all super funds will have an MIC (Member Investment Choice) arrangement - often to the level of picking individual stocks from the ASX, but generally at least to the option of picking a high-growth option. You really need to check out the PDS.

That said, and as you seem to already grok, a far more important determinant of your super outcome will be the fees applied.

Accordingly:

high growth super funds

doesn't really make sense. You want a high-growth investment option, within a low-fee (ie: Industry, not retail, and not a bank product) super fund.

This is general advice, and is not tailored to your needs. Please don't believe me. I am totally lying. I wasn't even here. etc etc.
posted by pompomtom at 9:11 PM on April 6, 2014 [1 favorite]

Response by poster: "Member Investment Choice". That will help my googling. Thank you.
posted by hifimofo at 9:30 PM on April 6, 2014