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A GLIMPSE INTO SMSF PORTFOLIOS
October 2019
Important legal disclaimer:
The information and opinions contains in this presentation is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Please check with your adviser or accountant to obtain the correct tax treatment for your situation.
SHARESIGHT
SMSF Portfolios 15,477
SMSF Investors 2,778
Average SMSF Portfolio Value $1,396,371
Median SMSF Portfolio Value $552,071
Median Open Portfolio Positions 44
Paid % of SMSFs 65%
SHARESIGHT’S AUSTRALIAN SMSF DATASET50% OF OUR USERBASE IS AUSTRALIAN DOMICILED
Total Portfolios 75,596
Total Investors 51,749
Cult of dividends a dangerous obsession Sydney Morning Herald, March, 2014
SHARESIGHT
Cult of dividends a dangerous obsessionDividend Contribution to Total Annualised Returns 1 January 2016 – 10 October 2019*
51%
STW
10%
SPY
31%
VGS
32%
VAE
50%
SMSFS
62%
VHY
STW: SPDR ASX 200
SPY: SPDR S&P 500
VGS: Vanguard MSCI International
VAE: Vanguard Asia ex-Japan
SMSF: Sharesight Dataset
VHY: Vanguard Australian High Yield
Source: Sharesight
SHARESIGHT
Cult of dividends a dangerous obsessionWhere are those dividends coming from?
% Mkt Cap of ASX
Div Yld %
CBA 13.7% 5.5%
BHP 10.4% 5.5%
CSL 10.2% 1.1%
WBC 9.9% 6.6%
NAB 8.2% 6.5%
% Total SMSF
HoldingsDiv Yld %
TLS 1.9% 2.9%
BHP 1.7% 5.5%
CBA 1.5% 5.5%
NAB 1.5% 6.5%
ANZ 1.4% 5.9%
Most Popular Sharesight SMSF Holdings*Top 5 ASX Shares by Market Cap
*Based on 162,600 open positionsSource: ASX, Sharesight
How Aussie loyalty could be hurting your share portfolioMoney Magazine, March, 2018
SHARESIGHT
How Aussie loyalty could be hurting your share portfolio19 Category ATO Breakdown of SMSF Asset Allocation (March 2019)
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Listed shares Cash and term deposits Unlisted trusts
Non-residential real property Limited recourse borrowing arrangements Residential real property
Other managed investments Listed trusts Other assets
Debt securities Unlisted shares Overseas shares
Loans Other overseas assets Overseas managed investments
Collectables and personal use assets Overseas residential real property Overseas non-residential real property
Insurance policy Source: ATO, SMSF Quarterly Statistical Report, March 2019
SHARESIGHT
How Aussie loyalty could be hurting your share portfolio
Listed shares
Cash and term deposits
Unlited trusts
Other managedinvestmentsListed trusts
Unlisted shares
Overseas shares
Overseas manangedinvestments
1.4%Overseas Exposure
Australia
Overseas
Direct Listings
14%Overseas Exposure
Simplified ATO Breakdown of Capital Asset Classes Most Popular Sharesight SMSF Holdings
Source: ATO, SMSF Quarterly Statistical Report, March 2019, Sharesight
Australia underweight on the value of technology Australian Financial Review, July, 2019
SHARESIGHT
Australia underweight on the value of technology
Technology Representation of S&P 500 & ASX by Market Cap
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Tech Non-Tech
Source: ASX, Listcorp, Morningstar, ABC
SHARESIGHT
Australia underweight on the value of technology
Sectors Represented by Sharesight Users
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
% of Total Users % of SMSF UsersSource: Sharesight
SHARESIGHT
Australia underweight on the value of technologyTop SMSF Tech Shares
Tech Services Health Tech Elec TechSource: Sharesight
Australia is On the Brink of a Housing Collapse That Resembles 2008 Forbes, April, 2019
SHARESIGHT
AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008
17
Build a $30K Portfolio
Highly Leveraged to Australian Housing
Buy All Shares on 1 Jan 2016
SHARESIGHT
AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008
SHARESIGHT
AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008
Annualised Return 1 Jan 2016 – 11 Oct 2019
STW: 12.61%
SHARESIGHT
AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008
Annualised Return 1 Jan 2016 – 11 Oct 2019
Aussie Housing Portfolio:
7.25%
…of which 7.31% came from dividends…
SMSFs underperform APRA funds Nestegg, February, 2018
SHARESIGHT
SMSFs UNDERPERFORM APRA FUNDSTrailing 3 Year Annualised Returns
13%
STW
19%
SPY
12%
Qsuper Aus
Shares
11%
AusSuper Balanced
13%
SMSFs on Sharesight
Dividend Component
Capital Component
10%
Mstar Aus
Large Blend
11%
Schroder WS Plus
Aus Equity
12%
Vanguard Aus
Shares Index
Source: Morningstar, Sharesight
Cult of dividends a dangerous obsession Sydney Morning Herald, March, 2014
Australia is On the Brink of a Housing Collapse That Resembles 2008 Forbes, April, 2019
How Aussie loyalty could be hurting your share portfolioMoney Magazine, March, 2018
Australia underweight on the value of technologyAustralian Financial Review, July, 2019
SMSFs underperform APRA funds Nestegg, February, 2018
Are the Headlines Correct?
01LESSON
• Capital movements• Dividend contribution• FX impact• Fee “bleed”
TRACK THE DRIVERS OF YOUR RETURN
02LESSON
• Sector & Industry• Geographic
MONITOR YOUR EXPOSURE
03LESSON
• Fee pressure• More products available• More technology
available
FUTURE IS BRIGHT FOR DIY INVESTORS
Lessons for Investors
THANK YOU&
HAPPY INVESTING