The curses of concentrating on cash

Key Points A high proportion of DIY funds are heavily weighted towards cash Annual returns for cash are almost zero after inflation A diversified portfolio lowers the risk of a low retirement balance HOW IS SELF-MANAGED super evolving? When there are nearly 560,000 DIY super funds in Australia with more than 1 million members, keeping track of the health of the system is a massive task. Those funds hold 29% of all super assets, or about $600 billion in wealth, so it’s very important to rake over the statistics in search of warning signs. That task is handled by...

HOW IS SELF-MANAGED super evolving? When there are nearly 560,000 DIY super funds in Australia with more than 1 million members, keeping track of the health of the system is a massive task. Those funds hold 29% of all super assets, or about $600 billion in wealth, so it’s very important to rake over the statistics in search of warning signs.

That task is handled by the Tax Office, which recently issued its annual round-up of all the numbers that matter for the 2013-14 tax year.

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