As I have been seeking the opinions of our fellow PC members regarding my equities holdings and strategy that my advisor and I have been working on, I thought a thread bringing it all together based on my investment journey so far and plan going forward would be suitable. Ill give a bit of history in this first post and then use a second post purely about the equities strategy if you want to skip this first long history lesson. So up until 3 years ago I was purely a residential property investor. Had no knowledge or interest in investing in anything else. At that time a friend and I had just sold a reasonably large portfolio of investment properties which we developed ourselves over the few years prior. Nothing too fancy just some townhouse / duplex sites. The original plan was to hold onto them as rentals and not a build and flip strategy. But after getting into a legal stoush with a tenant ( Long story for maybe another thread ) who tried to sue we decided to sell the properties. So here we are end of 2015 sitting on a pile of cash wondering what next. The property market at the time had supposedly peaked even though now we know it had another 18months to run. Christmas 2015 talking to a family friend, older gentleman who was retired and I ask the question what do you invest in? Property trusts he say's. Now at that time I had never heard of property trusts. So he explains a little about them and straight away I thought I like the sound of this property trust thing. Its property without the hassle of personally dealing with Sh*tty tenants. And I could be an owner of a major shopping centre. Now who doesn't want to own a shopping centre. So next day I jump online and immerse myself in research into the world of REITS. After hours then days and now into years of reading everything and anything I could find online about property trusts, it was the unlisted property trusts that appealed and made the most sense to me. Locked in long term investments, in quality assets, attractive returns 7-8% with tax deferred components, managed by experts in that field. Why would I want listed REITS in which market panic and a rush to the door by fellow shareholders could drag the price of my shares down all while accepting a lower yield for the liquidity factor which I don't want as a long term buy and hold investor. So I'm thinking this is it, I'm going all in in unlisted property trusts. I have found the holy grail of investing. Hassle free property investing with great returns. As January rolls around the people from my friendly bank notice a nice pile of funds sitting in my account which at this stage I had put in a term deposit till I decide the next step. They kindly offer me a free no obligation sit down with there financial experts in there fancy Sydney CBD office in order to tell me what I should do with the funds. I go sure why not. No harm in chatting. So we meet and I explain how I got to this point and that I really like this unlisted property stuff. They say yeah we like unlisted property but we don't recommend you put much in that and put it in a selection of equities which we will choose for you for a small fee of 1% + gst with a minimum of $1 mill commitment. I'm thinking I don't really like the stock market but maybe should listen the experts and allocate something to stocks. But $1mill straight out of the box I'm not sure. So we finish our meet and they say we will put together an advice plan for you and email it within the next week or 2. Have a look and see what you think. A few weeks go by and nothing. About 1 month later I receive this advice and it basically them splitting $1mill across stocks in different classes and some managed funds. Oh yeah and it states minimum commitment is $2mill not $1mill as they said in the meeting. So I give it some thought and hit the delete button. Straight to bin. Funnily enough I never received any follow up from them. Which bank? So its early in the new year and a catch up with the family of a friend of the wife's who's husband is a financial advisor. We have met a few times before but never really discussed finances. I bring up my experience with the bank and he tells me to come see him in his office to see what he can offer. I take up his offer and go see him. He tells me his approach and which is picking a group of quality managed funds and spreading the capital. While he also did not recommend going to heavy into unlisted property, he saw why they appealed to me and was happy for me the start heavy in unlisted property, light in equities till I got more comfortable then re balance. He came across as a straight shooter and his flat fee approach which started at $7k annually made me feel comfortable that his push into equities was not based around his fee collecting. No matter what I decided to allocate to property compared to equities did not affect how much he earned. That made we more comfortable in taking his advice. Based on that I was comfortable with what I had seen and heard and allocated $1mill which was spread out across originally something like 12 different managed funds on the BT wrap platform. And the journey into equities investing began. 1st of March 2016.