After reading the thread created by @dublin_101, namely: Purchased at auction.. bank won't finance now. How to cancel? it raised a question in my mind as to whether I have ever received professional advice that I initally thought was incorrect that, with the passage of time turned out to be right advice for me either due to more experience, increased knowledge, rational analysis, etc. Don't take this as any sort of comment/criticism of what was portrayed in @dublin_101 thread. That thread just raised the question in my mind. My question raised two recent cases from my life which I thought was worth sharing: 1. When we sold our business a few years ago, we had some spare cash that we thought we would use to buy an additional 4+ investment properties (actual number would be dependent on an LVR that we felt comfortable with) that would increase our property portfolio by 50%+ in one hit. Both our accountant (who is very pro-property) and our financial planner (both totally independent and, in fact, are in two different States) recommended that not do this, as in their view, we already had enough property (we had eight properties and we also looked after one of our daughter's IP). I know this is a Property Forum but please, don't go off telling me to change accountants and financial planners (although I must admit those thoughts did go through my head). I have huge respect for both advisors as they had helped us so much in the preceding 10 years or so. We couldn't believe that advice we were getting. We wanted to go off and buy more properties but we didn't. Five years later, I can say that their advice was spot on. 2. Same accountant and financial planner later, separately and independently, advised us that we did not need our life insurance policies including TPD, Trauma, etc. What!!! My background is in IT and Project Management - Risk Management is one of the 10 element of Project Management. My first job was with an insurance company so I understand the reason/benefit for insurance to address risk. It took my wife and I about 6 months of agony on this one. In the end, we cancel our life insurance policies. Five years later, I can say I still believe we made the right decision. I am not asking PC members to challenge our decisions as I do not believe you have sufficient information to do that. I would welcome others sharing their cases so that we can all learn. If you don't want to disclose that a ceratin case is yours, I would still welcome it if you described it as one of your friends/relatives' cases. PS If I have created this thread in the wrong area, can the moderators move it to the right one ( I am a newbie).