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  1. Paul@PFI

    "Proposed SMSF Change Could Cause A Property Price Correction" - Steve McKnight

    The issue with losing money is the fund must outperform the loss just to get back the original sum. Easier said than done. For example pre-GFC $1,000 would be $700 after a 30% loss. To get back to $1,000 the fund must earn 43%^ Many lost 50%+...They had to double earnings. More risk ...
  2. Paul@PFI

    "Proposed SMSF Change Could Cause A Property Price Correction" - Steve McKnight

    Statistics again. - 3.7% of total fund asset values. Not of total number of funds ? - $357K is a low value borrowing - $6.2 billion is total outstanding debt. Not amount financed in 2012. I'm not aware that LRBF equity is a statistic available to Treasury or the ATO based on the Regulatory...
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