Already a subscriber?It is an awkward time to be talking about the strong performance of my self-managed super fund given the correction occurring in global markets and the talk of possible recessions here and in the United States.
The genesis of the SMSF was not just the desire to boost the returns. My partner and I wanted to pool our financial assets, be positioned for the transition to retirement, access products only available to sophisticated investors and, for the first time, seek professional financial advice.It revealed a consistently strong performance against index benchmarks and against the Media Super default growth option.
Over the past decade, Viola has encouraged the trustees to diversify into defensive alternatives, property, private equity and high-yielding fixed income. “Even our fixed interest exposure is real asset backed, which in my view is a better way to run money than traditional bonds where yields are low, liquidity is poor and spreads are determined by brokers generating fees,” he says.
She told the Australian Institute of Company Directors’ annual summit in Melbourne in March that it was time to have a conversation about moving “away from board tenures of nine to 20 years and instead normalise terms that are six years or less”.When he rejoined the Cbus board, Noonan also returned to the board of Cbus Property, one of the largest property development companies in Australia.