My Week - 29th May

This week I have been getting ready to settle on my first Self Managed Super fund investment and cutting it fine to be ready. It is something I had been putting off for some time but with the volatility in the stock market, and now that it is compulsory to have a super fund, I decided it was time to put my funds into an investment that I can control myself.

The process as it was

  1. My accountant took care of setting up the fund.
  2. I identified a conforming property with strong income plus potential growth and exchanged contracts 5 weeks ago.
  3. Applied for the managed funds super to be rolled over which arrived 3 days ago, cutting it fine.
  4. Still waiting to sign the mortgage documents for settlement with only 3 days to go.
  5. Management agreement still to be signed.

I will update you on the half yearly return in December.

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