In terms of SMSF or Self Managed Superannuation funds, there can be too much information to be found on the internet. Hence, it is hard to determine which among the given information is reliable. When in the look to know who to trust, it is best to consider a few things. The author must be judged based on their:
- Core motivation
The experience of the writer
Experience truly matters. Usually, the writer and the advisors who wrote the article will share their experience in the said field. It can be in terms of how long in years or even decades. This is for them to emphasize on their credibility about the given topic.
This at times can be misleading because the person can say that for the past 20 years, he is an accountant yet it is possible that he has only partial information about SMSF. Thus, what matters the most is the quality and type of experience.
In general, the most important qualification to see is if the writer is a Specialist Advisor that is issued by the SMSF SPAA (Self Managed Superannuation Funds Professional Association of Australia). Please be reminded though that being a member of SPAA does not mean an automatic qualification.
The other qualification is to know exactly what the writer is capable of doing. For instance, an accountant is someone with knowledge in terms of tax related matters for SMSF. However, in terms of the best way to collaborate the best strategy of the investment, a financial planner would have a greater qualification for the job or to get the job done. More details at http://ezinearticles.com/?The-Top-10-Things-You-Need-to-Know-About-Self-Managed-Superannuation-Funds&id=7913560
Another example is the role of the lawyer which can be very helpful in the set up of the advice and structure of SMSF relating to its legal issues. In a nut shell, lawyers are generalists thus they do not have specific knowledge for SMSF. It is not unless the investment type is their area of expertise.
The auditors are the ones who should have a broader comprehension regarding the rules and regulations of SMSF as it is their job to tell people interested with SMSF what to and what not to do.
Core Motivation in writing the post
A good method to be able to determine this is by way of checking the ‘About the Author’ or ‘About me’ link. It can be found in the bottom of the blog or at the upper part of a website. By doing so, you can tell if the person is a business owner and as to what business do they own.
When you found out that the writer of the post is a mortgage broker, and they are looking to buy SMSF properties, then it is likely that they are selling a loan. The post is written for them to earn money. There is absolutely nothing wrong on posting such information because that is exactly the trades of most articles online. That is also why the first two considerations are also mentioned above so that you can be able to know which information can be relied on and not.