Just read an article where a financial planner advised a client to sell two investment properties that had achieved significant capital gains as they looked fully valued and it was time to "de-risk". REALLY!! Hope that the advice was not to put the money in the share market. The advisor "advised" that to keep the properties would have reduced the clients net wealth position.

The article goes on to say that the client was advised to invest in a portfolio of diversified growth and defensive assets. All because, according to the advisor, of the growth of Sydneys residential property over recent years and his belief that holding the properties would not deliver the necessary rates of return given the risks involved. RISKS!!

I don't know about you but I think there are less risks involved in owning a nicely appreciating property in Sydney in a sought after area compared to investing in a crashing share market. Perhaps we should all buy Gold!!!