Don't be caught napping

By John Kavanagh
Updated August 23 2012 - 12:13pm, first published August 8 2012 - 3:00am
Deprivation … money under the mattress might be safe, but like fixed interest, the returns are poor. <i>Illustration: Karl Hilzinger</i>
Deprivation … money under the mattress might be safe, but like fixed interest, the returns are poor. <i>Illustration: Karl Hilzinger</i>

Trustees of self-managed superannuation funds have a strong preference for investing in shares, cash and fixed interest. According to the Australian Taxation Office, SMSF trustees invest 32 per cent of their money in equities and 28 per cent in cash and term deposits.

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