I was wondering if people would be able to share their experiences with me? In particular i'm interested to find out why most people moved to a SMSF as opposed to using the standard structures available.
For example, i'm concerned about the
1. high level of fee's in the industry.
2. poor performance of the investments made on my behalf.
3. poor transparency on the investment options out there.
4. lack of control over my investments.
Do you share the same thoughts, or was your decision motivated by something else? More flexability etc?
Additionally, do you guys use direct equity's, etf's for fund managers in your superfunds? and why specifically do you do that?
If you do use outsourced providers of investments, what stuff in particular to you absolutely insist on having delivered to you to make your life easy when it comes to tax time? (particularly if using stuff like ETF's).
I'm not asking for advice from anyone, so don't worry! ;-) Just interested to understand your experience and motivations to help form a view for myself.