While still struggling to diversify, Aussie SMSFs are getting better at reading the market, the director of an online broker has said. Speaking on the Nest Egg podcast, Bell Direct director and chief executive Arnie Selvarajah said Aussie SMSFs are still heavily skewed towards domestic equities and it's not "where we need to be as a sector". "Today I see that when the market goes down, most people buy. So, they've really understood now the opportunity from a moving market and the volatility in the market rather than being fearful of it," he said. "I think that's a good sign. I think that means that people are understanding the market a bit better, understanding and accepting the volatility and using that volatility to actually make good investment decisions." Mr Selvarajah also spoke to Nest Egg about: - Why you need to set an objective for your SMSF; - The difference between engaged and active management in retirement; and - The importance of cutting down on time spent on SMSF administration. Thanks Arnie, for sharing your insights with the Nest Egg podcast team! You can stay up-to-date with what Arnie and Bell Direct are up to here. Have an investment story to share? Get in touch at editor@nestegg.com.au and you might get featured on the next episode.
