Mitch Moroney Show Podcast

Mitch Moroney Show #7 - Darren Newton Part 2

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Mitch is joined by Darren Newton in today’s episode. Darren is Director of Wealth Management West, a company that specializes in self-managed super funds. Wealth Management West is committed to acting in their client’s best interests and offers a wide range of services and advice to help secure your financial future.

Darren joins Mitch today to discuss the current state of super funds during the COVID-19 pandemic, common investments, and common ways people can misuse their SMSFs and the repercussions.

Stay tuned to hear about:

  • How SMSFs are performing during the pandemic
  • Putting people in control of their money
  • Common investments Darren sees in SMSFs
  • The current surge in precious mineral investing
  • The risks of cryptocurrency investments
  • The benefits of residential and commercial property investment
  • What happens if a member dies?
  • What to do if a business partnership dissolves
  • The importance of estate planning
  • The difference between the accumulation phase and the retirement phase
  • What happens to your fund if you decide to go back to work?
  • Darren’s commonly seen SMSF horror stories
  • Serious repercussions of fund misuse
  • What is the line between a complying and non-complying fund?
  • Intelligent investment and asset assessment
  • Changes Darren hopes to see in the next 10 years
  • Why SMSF education is essential
  • How AI systems are bringing down costs
  • Understanding fees

    • Mitch finishes the podcast by asking Tom a quick 5 questions:

    1. What are the most important qualities in business?
  • What superpower would you have?
  • What advice would you give your younger self?
  • Who’s your favourite footie team?
  • What is your favourite book?

    • Wealth Management West

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    Mitch Moroney Show PodcastBy mitchmshow