You don’t put money into your SMSF for it to sit in cash for 30 years or more. Your intention is to invest for your retirement and to get the best return you can now to ensure you have enough to live comfortably when that time comes.
When you are investing your savings in your SMSF however, it is not just a case of choosing some assets and monitoring your choices for performance. There are also additional requirements you must satisfy as a trustee of your SMSF.
So what tips do you need to know as trustee of your SMSF when making investment decisions and how should these be recorded?