Brains,
I am investing directly - trading shares and warrants on ASX through an on-line broker. The sharemarket has been booming in recent months, many of my shares made 30% gains, but I bought most of them earlier when they were more expensive so that the overall return is not as good. Anyway, my portfolio is heavily (100% in fact) geared and I expect some handsome returns this financial year.
My original question though was about superfund. YourProsperity superfund operated as an on-line master trust. I am self-employed, so I opened accounts for myself and other family members and am making employer contributions to each of these accounts. Then I could buy and sell managed funds from many fund managers on-line. The list of available funds was large (about 150 from memory) and included wholesale funds (they charge smaller fees and are generally available for $100K+ contributions). The fees charged by YourProsperity were very reasonable. They also provided good on-line research and fund selection tools as well as comprehensive on-line reporting.
I am trying to find another similar service - to no avail.
There are many master super funds, but they are only available through "advisors" (I have not yet met an advisor who would tell me something I wanted to know but did not know before). Advisors charge fees (or receive commission). If I won't be able to find an YP-like product, I would go through an advisor, but only if the master fund matches all the criteria I outlined in the original post.
Another option is a self-managed super fund, but I don't think I am ready to invest a lot of time in managing just over $50K. May be in a couple of years?
Regards,
Lotana