IN THE BALANCE: The benefits of investment diversification
While property investment appears to be the go-to strategy for many Australians, financial experts have urged them to diversify their holdings into liquid assets, such as stocks, to protect themselves in the event of unforeseen expenses.
In this episode of In the Balance, hosts Munzurul Khan from KHI Partners and SPI’s Phil Tarrant are joined by financial planners Stephen James and Max Pagnin to discuss the benefits of investment diversification.
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Drawing from their expertise and firsthand experience, Stephen and Max explain how to diversify your investment portfolio and the importance of investing in shares as they offer liquidity – an advantage property lacks – which can be crucial for unexpected expenses.
The group also discusses financial planners’ role in guiding clients through the complexities of wealth creation.
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