Hello - we are selling our business and will have a couple of hundred thousand to invest. At 51, with little to no super should we put the money into super or invest in managed funds so we can access to funds?

What returns should we set our expectation on managed funds?

Thank you

Hi Blair,

You need to take this time slowly, don’t just rush into super, managed funds or anything else.

What’s appropriate for you will depend on your plans for the next few years. You need to work through this before jumping into any type investments.

Given you are selling your business, please ensure you are working closely with your accountant to claim all the exemptions you can. There are a number of small business capital gains tax exemptions you need to be working through.

Regarding returns, how long is a piece of string? Don’t go chasing returns, you’ll just set yourself up for disappointment.

I’d imagine this stage of your life is going to require a level of income to support your lifestyle. Set yourself up around reliable provision of that income, either via super or not.

There’s a lot to work through here & more before you even start worrying about investments.

Happy to help more if you’d like me to.

All the best.

James
james.wrigley@firstfinancial.com.au
03 9909 5800

Hi Blair,
Congratulations on the success of your business! Now it’s time to keep yourself in the 5% and make sure you continue to be successful.
As James said, a clean, structured and tax effective exit has to be first consideration and then understanding your goals, needs and wants for the future is key to defining your investment strategy after that.
Best of luck
Regards
Scott