Super screwed

I was chatting to a friend this week about the problem of his self managed super fund.His problem? He has a balance of $50,000 and his current job prevents him trading shares directly (the reason he set up a SMSF in the first place). As a result he is forced down the managed fund route.When you are paying fees for running a SMSF, and paying fees to manage the money on top, it becomes a very expensive exercise.What are his options?1. Stick with the SMSF, paying the costs of running the fund, the costs of getting on a wrap platform...

I was chatting to a friend this week about the problem of his self managed super fund.

His problem? He has a balance of $50,000 and his current job prevents him trading shares directly (the reason he set up a SMSF in the first place). As a result he is forced down the managed fund route.

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