Cryptopolitan 2019-08-16 17:00:53

Australian retirees should diversify their investments – says Tax Office

Nearly 20,000 Self-managed super funds were issued warnings by the Australian Tax Office that they were concentrating their retirement fund resources too much into one single asset. According to Australian law, every type of investment is acceptable for retirement funds as long as there is a disparity in the portfolio. What this means is that as long as no more than 90% of the portfolio is a single asset, any type of asset can be maintained there. However, it seems that Australian retirees have found a liking to cryptocurrencies as thousands of accounts are now primarily focused on coins like

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