'Cash is king' is dead

It’s time SMSFs woke up to the real cost of their love affair with the folding stuff.

Summary: Even though real returns on cash are nearly nil, SMSF trustees seem prepared to sacrifice usually better returns elsewhere for the security it provides. ATO figures show that total cash held by SMSFs has risen over the past three years, even as shares and property have performed better. But holding on to cash can be good if growth markets slam into reverse.

Key take-out: It’s highly likely that too many SMSFs are holding too much cash, but if you are holding reasonable amounts, make sure you are earning as high a return as you can find.

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