If you were looking for a picture of the typical SMSF person, it may surprise that one does not exist.
“Is a SMSF right for me” I hear you say. SMSF people do not live in the same suburbs or share the same careers or social sets. SMSF people come from all manner of financial backgrounds, financial literacy levels and life experiences. Not one SMSF experience is the same.
SMSF people have one thing in common, they share a common attitude. They want to make the most out of what they have and are prepared to take an active interest in building their financial security. They do not necessarily have limitless knowledge in investments but they are no strangers to investing in themselves. They have a determination to succeed in whatever they do and their super is no different. Instead of asking “is a SMSF right for me?” Maybe you would be better off asking “Am I right for an SMSF?” The sections below will help you determine that.