Money magazine Comments - Poor performance: why you shouldn't set up an SMSF

Comment by Kerri Moore ()

Kerri Moore () — Wed, 28 Feb 2018 17:43:22 +1100

Not mine 7.6% for the last 2 years

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Comment by Aden Moss ()

Aden Moss () — Wed, 28 Feb 2018 21:04:14 +1100

"The table below, for results over three, five and eight years, shows the poor performance."

What table?

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Comment by Wayne Wander ()

Wayne Wander () — Thu, 01 Mar 2018 08:22:03 +1100

This is false and misleading reporting by Industry Super Australia who are comparing the returns of APRA funds excluding members insurance premiums vs SMSF returns after members insurance premiums. AND Industry Super Australia know it

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Comment by Money ()

Money () — Thu, 01 Mar 2018 09:30:08 +1100

Hi Aden,

The table is embedded from Infogram. You may need to update your browser if the table is not visible.

- Money team

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Comment by Rob ()

Rob () — Thu, 01 Mar 2018 13:47:26 +1100

This is certainly misleading and self serving by Industry Super. They are always having cheap shots at SMSF to try to stop people removing money from APRA funds. As for performance, the numbers are clearly selective.
By way of comparison to the table above, our own SMSF (<$2m by the way) has averaged after fee, after tax growth of 11.46% (3 yrs), 16.90% (5 yrs) and 13.83% (8yrs). These numbers smash the Industry Fund averages over the same timeframes - SMSF for me any day.

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Comment by Beers ()

Beers () — Fri, 02 Mar 2018 14:36:07 +1100

Setup a SMSF and bought a house 3 1/2 yrs ago. 54.9% return. Selling now and will close fund by rolling back into a Industry Super. Homework done A+

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