Younger generation investing in SMSFs
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The next generation is beating down the door. Are you taking advantage of it?

Jan 12, 2022, 11:00 AM

Welcome back. I trust you had a refreshing and restorative festive break. You will need recharged batteries for this year.

It has been an exhilarating start to the year. An enthralling final day at the Sydney Test, and the Covid elephant in the room has been taking growth hormones. It is positively mammoth.

And now the next generation of SMSF investors is beating down the door.

After years of negligible growth in the establishment of new SMSFs, they have taken off again.

Much of this driven by the business uncertainty of the past few years. People wanting to take control of their super.

Which is good news for you. Potentially more clients coming your way.

The one thing to watch out for is the younger generation of SMSF investors.

They are the fastest growing segment of new SMSFs, and they are different.

They are more self-directed and assured about their investment decisions. Young enough not to worry about their retirement.

They grew up with digital technology. Disruption is to meaningless to them. It’s just how things are. E-commerce, gaming, mobile, social media are their natural habitat.

Their interest in cryptocurrency drove its mainstream acceptance. NFTs (non-fungible tokens) are their art form. Technology-focussed private equity businesses are their heroes.

It means you will have a different type of client to manage and a much wider range of investments to understand.

Which need to be valued.

As we have seen with cryptocurrencies, they could be prone to significant volatility. Or like other unlisted assets, hard to value.

Have fun. And as always if you have any questions, please get in touch. I’ll be happy to answer them.

In the meantime, here’s to keeping our sanity.


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