/biz/ - Business & Finance

>>19004341
>Recommend me a good super fund. Self employed. Want to salary sacrifice as much as I can into a super fund. Will be starting this fund from scratch, so don't think it will be feasible to DIY for a few years yet.

Take the SMSF pill.
https://www.youtube.com/user/SMSFstrategiesTV/videos
https://www.youtube.com/channel/UCLo66QVfEod0nNM_GzKNxmQ

Do you know anything about investing/trading?
What business are you in?

>>19004889
I'm comfortable making investment decisions and trading - but the compliance aspect puts me off especially if the balance will be low for a few years.

dont do it
supers are a huge scam

smsf and put it all in link/btc

>>19004981
>https://www.youtube.com/channel/UCLo66QVfEod0nNM_GzKNxmQ
OP here
I'm at a high tax bracket. If I dump $25k into a super fund each year, thge tax on this money will only be 15% instead of the current kike gouging I am now paying.
I don't think it is feasible to set up a diy fund if I just have 25k to start with. I'm thinking of going with an established fund until the balance gets to 100k and then setting up a diy fund.

My question is - which fund should get my shekels for the next few years?

>>19004889
Good links anon. I actually have a smsf, but I've never really done as much with it I should. Looks like some good ideas there.

>>19004341
Oh lol this is an Aussie thing. Kys

>>19004981
Wait wtf, I can do that??? I thought only burgers could with their 401k shit, how do I allocate funds to cryptos?

Why would you pay to have someone hold your money?
Supers are a huge government forced scam is australia.
I checked how much interest i earned on my super one year and found they literally charged the amount of interest i had earned as 'fees'.

>>19004981
This. Fuck superannuation, the concept started off as a good idea but it is no longer the initial concept it was meant to be.

>>19004956
>I'm comfortable making investment decisions and trading - but the compliance aspect puts me off especially if the balance will be low for a few years.

My SMSF costs about $1,200 per year for compliance.

Compliance is pretty easy, you just give 1 years bank statements and trading account statements containing transactions and balances to your accountant.

Also if your business has a physical location you can put the building into your SMSF and lease it back to your business.

>>19005729
>Good links anon. I actually have a smsf, but I've never really done as much with it I should. Looks like some good ideas there.

Well to start you can just buy some crypto and gold maybe.
I buy btc from here https://www.independentreserve.com/
gold and silver I own at the perth mint.
interactive brokers is good for trading options if your into that.
if you want to have your cash work harder private real estate loans from here can be good. I'm getting 6.7% on my money from investing in loans from here https://www.balmainprivate.com.au/

what do you guys do for a living? everyone in this thread sounds quite well off

>>19006266
Woolies scum reporting in, my super is with rest. Never put any of my own money in it because who knows what will happen in 40 odd years when i retire.

>>19004341
i literally just put my super into RPL

>>19006266
>what do you guys do for a living? everyone in this thread sounds quite well off
NEET amateur intellectual trading my own money.

what about you anon?

>>19006369
>i literally just put my super into RPL
https://www.coingecko.com/en/coins/rocket-pool
chart looks amazing.
what the shill on this coin?

>>19006379
im a coal technician. pretty JUSTed

>>19006332
at least your job is pretty safe for now

Built a machine that collects about 15 to 20k daily which will probably 10x in the coming years.

Pretty much just sit back, shit post on /biz/ and watch the money pile up.

>>19006181
Yeah, but how does my buying cryptos (which I already do) actually work with the smsf? Like, do I need to report my buys or something?

>>19006391
It's meh. Just a typical /biz/ discord p&d (good of you got in the other day, wouldn't bother now probably). There's going to be tons of staking pools. Anyone can set up a bunch of nodes & add a smart contract to hold the funds of users & distribute them. I'm expecting platforms like MakerDAO or Compound or Aave etc will probably add staking features too, on top of their existing offerings. Would make sense, you can still stake your Eth, but also use it as collateral for other things.

>>19004341
10% gold
10% Silver
10% bitcoin
10% etf of ASX
20% etf of DOW
10% CASH
30% US 10 year treasury bonds

>>19006630
>Yeah, but how does my buying cryptos (which I already do) actually work with the smsf? Like, do I need to report my buys or something?

Basically you just treat them like gold or a foreign currency and pay capital gains. You buy from a bank account in your SMSF's name and the SMSF has legal title to the coins etc.

>>19006675
>It's meh. Just a typical /biz/ discord p&d (good of you got in the other day, wouldn't bother now probably). There's going to be tons of staking pools. Anyone can set up a bunch of nodes & add a smart contract to hold the funds of users & distribute them. I'm expecting platforms like MakerDAO or Compound or Aave etc will probably add staking features too, on top of their existing offerings. Would make sense, you can still stake your Eth, but also use it as collateral for other things

Thanks for the info/analysis on staking pools, I'll keep an eye out for them and add good ones to my defi portfolio. Enjoy gains fine sir

>>19006573
>Built a machine that collects about 15 to 20k daily which will probably 10x in the coming years.
>Pretty much just sit back, shit post on /biz/ and watch the money pile up.
completely based!

>>19006468
>im a coal technician. pretty JUSTed
'Big beautiful coal' - Trump
well if its consistent money you can invest your way to more freedom.

>>19006573
Tell me something more anon
Is it built with code?

>>19007337
Ah Ok cool. I think I need to definitely read up a lot more on how these things work.

>>19004981
I moved my super out of managed fund just as the virus landed and moved it into LINK just after the crash...

>>19005762
SMSF

>>19004341
AustralianSuper... Good or Bad I don't know.... FYI They charge fees....

>>19007717
Slick

kiwifag here, jealous that you guys get to manage your own Super. I would spend all day doing compliance if it meant i could invest my kiwisaver into bitcorns

>>19006332
Dude get out of REST, I was with them when I was a maccas wageslave and made the switch to Australian Super as soon as I got a grad job.

Rest has extortionate-level fees because it relies on low engagement from wagies who are just put on it by default.

>>19004889
DONT DO SMSF UNLESS YOU HAVE AT LEAST 200,000 IN SUPER YOU CLOWNS
the fees are very high

>>19004341
First state. Looks after all government health workers by default. Also you can investment switch in 2 minutes

>>19009130
>DONT DO SMSF UNLESS YOU HAVE AT LEAST 200,000 IN SUPER YOU CLOWNS
>the fees are very high
you are a mouth breathing moron, that should have been euthanized at birth.

$1,200 is all I pay.

>>19004341
Do it yourself as others here have said
Although if I was me and I am
I accumulate Au + Ag in private vault
IMO everything going to get wrecked over next 24 months

>>19004341
ButtCoin

>>19006704
Not bad why not dump the bonds?
What was your average buy in for the BTC
I’m 25% gold
12% silver
10 % mining stocks
3% cash
50% property-no mortgage

i only have about 7k in super atm. Is there any point in me doin smsf?

i just want to put my maccas wagebucks into link

>>19009321

Lol no.

It will take $1000+ to set up.

And $1000+ yearly fees