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 moneyCommon investments Darren sees in SMSFsThe current surge in precious mineral investingThe risks of cryptocurrency investmentsThe benefits of residential and commercial property investmentWhat happens if a member dies?What to do if a business partnership dissolvesThe importance of estate planningThe difference between the accumulation phase and the retirement phaseWhat happens to your fund if you decide to go back to work?Darren’s commonly seen SMSF horror storiesSerious repercussions of fund misuseWhat is the line between a complying and non-complying fund?Intelligent investment and asset assessmentChanges Darren hopes to see in the next 10 yearsWhy SMSF education is essentialHow AI systems are bringing down costsUnderstanding feesMitch finishes the podcast by asking Tom a quick 5 questions:
- 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?