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Re: a beginners possible portfolio

Sofman,

Its good to see you are thinking about your financial future. A few words of warning though if i may:

Fin planners are often caught in conflicts of interest. They receive commissions for products such as managed funds, so of course they will recommend them.

As some of the other (blunter  ) posters have put, what do you classify as risk?

Ask your planner why he has recommended them and why are they classified as that type of risk? If he says "its cause thats what the broker/research houses say" then be wary. Ask if he owns them personally.

Personally i would say keep your money in the bank until you know a bit more, and dont take out a margin loan if you dont know what your doing even if the FP advises it.

Also please note it is against ASIC policy for ASF members to give advice along the line of "buy this" or "sell that".

Hope that helps

Prawn