Craig

Apple becomes the first American public-listed company to reach $1 trillion in value.

In film news on this day, baby boomers will remember American Graffiti, a movie directed by George Lucas of Star Wars fame.

That was released on this day back in 1973.

And it was also on this day back in 1961, the Beatles' very first gig as the house band at Liverpool's Cavern Club took place.

Alright, let's check on your weather around Australia.

And first we go to Sydney, expecting sunshine, plenty of it today in 18 degrees.

Melbourne for your Tuesday, look at that, also fine with some windy conditions.

And the temperature's not too bad either with 17 degrees.

Brisbane, morning fog and then the blue skies will emerge and expecting a high today of 23 and in Perth the rain is going to settle in for today and expect some windy conditions and your high of 17 degrees.

Well, I've got a question for you this morning.

Do you know what an SMSF is?

Many people will not know what it stands for.

It does stand for a self-managed super fund and self-managed super funds are becoming more of a popular vehicle for property buyers to purchase commercial property through.

The important question here is what does all of that mean?

there are pros and cons with purchasing a property in a self-managed super fund, and there are processes that need to be followed for setting it all up.

So to help us understand more and to explore what you should be doing to get this set up correctly, let's welcome back to the podcast Sam Saad, partner and owner of Clinch Long Woodbridge Lawyers at clw.com.au.

And a very good morning, Sam.

And I'll be honest, no 10 points for me knowing what an SMSF is.

But the great thing is we are about to find out what it means.

So firstly, Sam, there will be many people like me wondering what it is and what is required to set one of these up to buy property through.