Recommend me a good super fund. Self employed. Want to salary sacrifice as much as I can into a super fund. Will be starting this fund from scratch, so don't think it will be feasible to DIY for a few years yet.
AUS/BIZ/: Superannuation
Jordan Scott
Cooper Bell
>Recommend me a good super fund. Self employed. Want to salary sacrifice as much as I can into a super fund. Will be starting this fund from scratch, so don't think it will be feasible to DIY for a few years yet.
Take the SMSF pill.
youtube.com
youtube.com
Do you know anything about investing/trading?
What business are you in?
Michael Jones
I'm comfortable making investment decisions and trading - but the compliance aspect puts me off especially if the balance will be low for a few years.
Dylan Cooper
dont do it
supers are a huge scam
smsf and put it all in link/btc
Brayden Myers
>youtube.com
OP here
I'm at a high tax bracket. If I dump $25k into a super fund each year, thge tax on this money will only be 15% instead of the current kike gouging I am now paying.
I don't think it is feasible to set up a diy fund if I just have 25k to start with. I'm thinking of going with an established fund until the balance gets to 100k and then setting up a diy fund.
My question is - which fund should get my shekels for the next few years?
Benjamin Morales
Good links user. I actually have a smsf, but I've never really done as much with it I should. Looks like some good ideas there.
Gabriel Parker
Oh lol this is an Aussie thing. Kys
Gavin Hughes
Wait wtf, I can do that??? I thought only burgers could with their 401k shit, how do I allocate funds to cryptos?
James Lee
Why would you pay to have someone hold your money?
Supers are a huge government forced scam is australia.
I checked how much interest i earned on my super one year and found they literally charged the amount of interest i had earned as 'fees'.
Isaac Richardson
This. Fuck superannuation, the concept started off as a good idea but it is no longer the initial concept it was meant to be.
Hunter Morales
>I'm comfortable making investment decisions and trading - but the compliance aspect puts me off especially if the balance will be low for a few years.
My SMSF costs about $1,200 per year for compliance.
Compliance is pretty easy, you just give 1 years bank statements and trading account statements containing transactions and balances to your accountant.
Also if your business has a physical location you can put the building into your SMSF and lease it back to your business.
>Good links user. I actually have a smsf, but I've never really done as much with it I should. Looks like some good ideas there.
Well to start you can just buy some crypto and gold maybe.
I buy btc from here independentreserve.com
gold and silver I own at the perth mint.
interactive brokers is good for trading options if your into that.
if you want to have your cash work harder private real estate loans from here can be good. I'm getting 6.7% on my money from investing in loans from here balmainprivate.com.au
Matthew Sanchez
what do you guys do for a living? everyone in this thread sounds quite well off
Bentley Harris
Woolies scum reporting in, my super is with rest. Never put any of my own money in it because who knows what will happen in 40 odd years when i retire.
Juan Young
i literally just put my super into RPL
William Richardson
>what do you guys do for a living? everyone in this thread sounds quite well off
NEET amateur intellectual trading my own money.
what about you user?
Ryan Diaz
>i literally just put my super into RPL
coingecko.com
chart looks amazing.
what the shill on this coin?
Carson Green
im a coal technician. pretty JUSTed
at least your job is pretty safe for now
Dominic Russell
Built a machine that collects about 15 to 20k daily which will probably 10x in the coming years.
Pretty much just sit back, shit post on Zig Forums and watch the money pile up.
Gavin Gonzalez
Yeah, but how does my buying cryptos (which I already do) actually work with the smsf? Like, do I need to report my buys or something?
Dylan Gomez
It's meh. Just a typical Zig Forums discord p&d (good of you got in the other day, wouldn't bother now probably). There's going to be tons of staking pools. Anyone can set up a bunch of nodes & add a smart contract to hold the funds of users & distribute them. I'm expecting platforms like MakerDAO or Compound or Aave etc will probably add staking features too, on top of their existing offerings. Would make sense, you can still stake your Eth, but also use it as collateral for other things.
Adrian Stewart
10% gold
10% Silver
10% bitcoin
10% etf of ASX
20% etf of DOW
10% CASH
30% US 10 year treasury bonds
Samuel Gray
>Yeah, but how does my buying cryptos (which I already do) actually work with the smsf? Like, do I need to report my buys or something?
Basically you just treat them like gold or a foreign currency and pay capital gains. You buy from a bank account in your SMSF's name and the SMSF has legal title to the coins etc.
>It's meh. Just a typical Zig Forums discord p&d (good of you got in the other day, wouldn't bother now probably). There's going to be tons of staking pools. Anyone can set up a bunch of nodes & add a smart contract to hold the funds of users & distribute them. I'm expecting platforms like MakerDAO or Compound or Aave etc will probably add staking features too, on top of their existing offerings. Would make sense, you can still stake your Eth, but also use it as collateral for other things
Thanks for the info/analysis on staking pools, I'll keep an eye out for them and add good ones to my defi portfolio. Enjoy gains fine sir
>Built a machine that collects about 15 to 20k daily which will probably 10x in the coming years.
>Pretty much just sit back, shit post on Zig Forums and watch the money pile up.
completely based!
Ryder Miller
>im a coal technician. pretty JUSTed
'Big beautiful coal' - Trump
well if its consistent money you can invest your way to more freedom.
Jack Gonzalez
Tell me something more user
Is it built with code?
Ryder Fisher
Ah Ok cool. I think I need to definitely read up a lot more on how these things work.
Jack Wood
I moved my super out of managed fund just as the virus landed and moved it into LINK just after the crash...
Charles Reyes
SMSF
Cameron Smith
AustralianSuper... Good or Bad I don't know.... FYI They charge fees....
Wyatt Adams
Slick
Luis Evans
kiwifag here, jealous that you guys get to manage your own Super. I would spend all day doing compliance if it meant i could invest my kiwisaver into bitcorns
Oliver Brown
Dude get out of REST, I was with them when I was a maccas wageslave and made the switch to Australian Super as soon as I got a grad job.
Rest has extortionate-level fees because it relies on low engagement from wagies who are just put on it by default.