"At Microsoft there are lots of brilliant ideas but the image is that they all come from the top - I'm afraid that's not quite right." Bill Gates

Stockmarket News Updates

Sign up for our FREE Stockmarket News email service.

Click here


In the 1998 Federal Budget, the Government announced a new category of superannuation – DIY superannuation, or otherwise known as a self-managed super fund (SMFS). Like all superannuation funds, DIY superannuation is there to provide for you in retirement. As at July 2007, there were around 300,000 self managed super funds in Australia representing approximately 560,000 Australians. The major benefits of DIY superannuation are that it gives a person(s) greater control over their investments, as well as enabling them to manage their tax more effectively.

Like other superannuation funds, DIY superannuation is governed by rules and regulations relating to acceptance of contributions and preservation. These rules are designed to ensure your savings are maintained and continue to grow until your retirement, but also allow you some control over the investment decisions. It is the job of the Australian Tax Office to monitor and enforce these rules and regulations. Below are some key points to setting up a self-managed super fund.

Profile: Warren Buffett

Far and away the most famous and successful stock market investor of all time.


Why Invest in Shares?

Beyond shares being the best long-term investment and having tax benefits, they also offer other advantages, including flexibility and liquidity.


Patience in InvestingCharacteristics of an Attractive InvestmentGarbage Collection or Investing?Goals
How Does the Stock Market Work?Why Invest in Shares?Choosing a StockbrokerOpening a Broking AccountBroker's CostsHow Much Do I Need to Start Investing?
Buying SharesDividendsBuying for DividendsTax Implications of Shares
Developing an Investment StrategyTakeoversTakeover StrategiesTakeover Q&A
Basic Options TerminologyContracts for Difference (CFDs)Option UsesOptions
Benefits of DIY SuperannuationWho Can Participate in DIY Superannuation?Investment Requirements
FramingLoss AversionAnchoringHindsight BiasConfirmation BiasCognitive DissonanceRepresentativenessAvailability BiasHerdingSelf Attribution Bias
Benjamin GrahamGeorge SorosWarren Buffett