What mix do I choose in my Super fund?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by hammer, 6th Oct, 2017.

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  1. hammer

    hammer Well-Known Member

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    Hi Guys, just looking for some advice on how to set up my Super fund mix?

    Options that I have are cash, balanced and aggressive.

    I'm 37...

    Currently set it up to 10 percent cash, 30 percent aggressive and 60 percent balanced.

    Anyone got any tips?
     
    hammer, 6th Oct, 2017
    #1
  2. Propertunity

    Propertunity Well-Known Member

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    With 20-30 years to retirement, personally I'd be more aggressive. Cash is earning next to nothing.
     
    Propertunity, 6th Oct, 2017
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  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    I agree, no point having super in cash. You have a long way until retirement. The only thing I'd suggest is to not go too heavy in US stocks - their market is the Sydney of the stockmarket. You don't want to buy the top of a 10 year bull run.
     
    Jess Peletier, 6th Oct, 2017
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  4. hammer

    hammer Well-Known Member

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    Hmm but isn't the asx a little high at the moment too?
     
    hammer, 6th Oct, 2017
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  5. Brady

    Brady Well-Known Member

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    I'm 100% aggressive - the way super keeps changing I'll be happy to see any of it anyway.
     
    Brady, 6th Oct, 2017
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    Is it an SMSF? Way too much cash IMHO as return is very low.

    No mention of bonds?

    I would slowly rebalance/reverse the amounts in aggressive and balanced or just keep adding to the aggressive.
     
    Scott No Mates, 6th Oct, 2017
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  7. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Nah - it's noony-nooing along. :)
     
    Jess Peletier, 6th Oct, 2017
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  8. hammer

    hammer Well-Known Member

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    Right. So 70% aggressive, 30% balanced sound about right then?

    P.s appreciate the highly technical summation of the market. :) This is analysis that I understand! :)
     
    Last edited: 6th Oct, 2017
    hammer, 6th Oct, 2017
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  9. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Yeah, I reckon, depending what each one is invested in.

    I do like to keep it simple. ;)
     
    Jess Peletier, 6th Oct, 2017
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  10. Scott No Mates

    Scott No Mates Well-Known Member

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    Don't simply swap overnight, either progressively (say 5%/month if small amounts or less if you have a larger amount ie a few years). Alternatively, just put all new contributions into aggressive.
     
    Scott No Mates, 6th Oct, 2017
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  11. Redwing

    Redwing Well-Known Member

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    What do cash, balanced and aggressive constitute of ?
     
    Redwing, 6th Oct, 2017
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  12. jprops

    jprops Well-Known Member

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    Why not overnight?
     
    jprops, 7th Oct, 2017
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  13. Scott No Mates

    Scott No Mates Well-Known Member

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    @jprops - This will crystalise any CGT/losses on the entire balance rather than spreading the effect across a longer period of time also beneficial for dollar cost averaging for any new purchases/sales.

    The effect of changing investment streams is that you may lose more money than you think when you change.
     
    Scott No Mates, 7th Oct, 2017
    #13
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