Buy businesses not property

Buying property has always been risky given the amount of debt it takes to purchase. Over the last three decades we’ve seen property prices increase driven mostly by increasing debt levels for the average Australians. This is made many Australians for a wealthy in particularly the banking sector and all of those that provide services to the property sector. Right now these levels the risks are higher than ever before, but this won’t stop the marketing machine. And if you’re reading this, I know you’re thinking how negative I am on property which I am because of the risk that people don’t know they’re taking. Because as we are currently learning property can go down in value. So what do I believe in as a professional investor and financial advisor for the last nearly 3 decades, where do I invest my money? I invest into businesses whether that is my own financial planning business that have ran for the last 28 years or using the profit I receive from that business to invest into other businesses whether this is a listed business like Microsoft or Google or an unlisted business. And here’s the hint that all the property people are giving you every one of them are running businesses! Understand the conflict of interest, the decisions you make here can have long-term cash flow repercussions and as we’re learning negative equity repercussions. There are other ways to achieve financial security, namely being saving for a long period of time and investing to high-quality businesses. Please remember this is general advice only. #financialadvice #investing #superannuation #sharemarket #businessowner