Beware of property sharks

Alan Kohler from the Australian points out the biggest problem about SMSFs is not that finances are self managed, but because people are getting advice from property sharks. As of last week, the residential sector has an $18 billion share from the $500 billion total SMSFs, according to the Reserve Bank.

Commissions from these shares are often enticing to these so called “consultants”, the more reason for people to be mindful of their financial strategies. Investors should be proactive and responsible in making sure that they only get legitimate financial advice from licensed financial planners.

Read more about this on the Australian website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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