Small article with Patrick Canion out today on news.com.au...

Small article with Patrick Canion out today on news.com.au nothing on IAM directly but Patrick has always been approached for these media type things, like when he appears on the TODAY show numerous times. Neither here nor there in terms of IAM, just good to see and read our new Chairman being out in the public and well respected in the financial community.

http://www.news.com.au/finance/mone...y/news-story/4232c3488591811a10576d79c0211048


Certified financial planner Patrick Canion said any adviser will know it’s never wise to put all your eggs in one basket and there’s some major differences between investing in property or shares.

Certified financial planner Patrick Canion said it’s important Australians look at a range of investments.

“It’s really easy with property to think the prices never fall but they can,’’ he said.

“If you need money in three or six months time keep it in the bank, but when you look at property and shares, shares have the advantage in that you don’t need a big amount of money to buy them.

“You may only need $1000 where as property you need quite a large sum.”
He also said there’s some large upfront fees with property including stamp duties and agent’s fees.