Key statistics to have come from the ATO’s latest quarterly SMSF report include:
- The total number of SMSFs increased by 30,723 from 526,275 to 556,998.
- The total number of SMSF members increased by 58,219 from 991,621 to breach the one million mark at 1,049,840.
- The total value of SMSF assets decreased from $600,276 million to $589,911 million.
- Total borrowings increased from $13,328 million to $13,496 million.
- Total other liabilities increased from $4,556 million to $4,613 million.
- Total net assets decreased from $582,392 million to $571,802 million.
Hardly any wonder there …re cash holdings,have done the same 100% cash….it’s eggpie time out there in never never land…the world is full of debt fuelled risk…the world is full of companies at high pe’s ( all of their money in auction terms) ie the high water mark for earnings…the time for caution is now and it is not surprising to see a higher rachet into cash with smsf capital..particularly as you would expect that those managing the funds have a more acute ear to the ground on what is happening in the world today.
“the world is full of debt-fueled risk”
Couldn’t agree more. The US is probably the safest bet out there….and still looks fairly shaky.