When I decided to write about my self-managed super fund over a decade ago, a senior journalist warned it was bound to backfire. It hasn’t, and I urge more Australians to take control of their super.
It is an awkward time to be talking about the strong performance of my self-managed super fund given the correction occurring in global markets and the talk of possible recessions here and in the United States.
But the strategies that have delivered long-term returns will not change – keep cash on hand to take advantage of opportunities, continue to diversify the asset allocation, look to asset quality as the main driver of stock picking and don’t get too caught up in the short-term panic situations.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
