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Discussion in 'Introductions' started by tomsmalljnr, 5th Aug, 2010.

  1. tomsmalljnr

    tomsmalljnr New Member

    Joined:
    28th Jul, 2010
    Posts:
    2
    Location:
    Melbourne
    Hi all

    I have joined this site last week and am enjoying reading the articles and opinions.

    My primary interests concern: bonds and investment property. I would like to learn more about commercial property as well.

    I am early 40's. I have set up a discretionary trust for the short and medium term and am setting up a SMSF for the long term. I would welcome advice from anyone with experiences in the do's and don'ts.

    Cheers
    Tom
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Welcome to InvestEd Tom - great to have you here!
     
  3. GregR

    GregR Reid Consultants

    Joined:
    13th Jul, 2009
    Posts:
    273
    Location:
    Berwick Vic
    Tom,
    Why have you set up a trust and a SMSF?
    What are you trying to achieve with these and in what time frame?

    The do's and dont's may be a little late depending on why you have already set these up. I have found often accounting firms suggest these to clients but do not achieve what you need or delay the process or simply cost more.
    They certainly assist the accountants in terms of fees.

    That said, there are many good reasons to use other vehicles (mainly asset protection), depending on your circumstances and goals.
    Greg