Wealth seminars and why you should avoid them

This week, Four Corners revealed the dangers of getting financial advice from a major bank. But there’s one sure-fire way to be guaranteed of getting poor advice that beats even walking into a vertically-integrated big four bank and asking to see a financial planner. And that’s to attend a wealth-building seminar. Take property investing through a self-managed super fund (SMSF) as a current example. Somewhere in the country tonight an ‘SMSF property expert’ will be spruiking the benefits of SMSF property investing. Towards the end of the pitch, you’ll be handed an application form for a new property development sourced...

This week, Four Corners revealed the dangers of getting financial advice from a major bank.

But there’s one sure-fire way to be guaranteed of getting poor advice that beats even walking into a vertically-integrated big four bank and asking to see a financial planner. And that’s to attend a wealth-building seminar.

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