SMSF growth driven by investor satisfactionBY ALEX BURKE | FRIDAY, 13 MAR 2015 12:15PMThe relative level of satisfaction with self-managed super fund (SMSF) performance is a likely driver for SMSFs' continued growth and significant market share, according to Roy Morgan Research. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
What a surprise that SMSF members are satisfied with the vehicle that they chose :)
Calculating performance as $ is not really comparing apples to apples, because you'd expect that SMSF's by their very nature to generally have higher balances than their industry fund and retail counterparts.
Of course a SMSF owner will be happier if their super fund grew by $100k* from $500k to $600k, compared to a retail/industry fund members who's balance grew by $10k (assuming no contributions) from $50k to $60k. After all that's a $90k better 'performance' yet still both returned 20%.
I appreciate that you can not properly compare by % because no SMSF is the same, buts its still wrong to say that SMSF are happier with performance because the measure is wrong/false.