The Property Planner, Buyer and Professor discuss all things diversification, from the reasons why you should diversify your portfolio to the many ways you can implement diversification in your investment strategy. In this episode David Johnston, Cate Bakos and Peter Koulizos take you through: •Beware of one size fits all strategies! The suggestion that you should have a 50/50 balance of shares and property (or any other type of investment) is vastly oversimplifying the concept of diversification and neglecting the most important element of the equation, YOU! •Discussing the different asset classes for diversification, there's more to consider than just property v shares. •How you can diversify with property - state, city, regional centres, different suburbs, city segments, property types, growth focused V cash flow and more. •Tax comes second! Tax benefits should never be a primary reason to invest in a particular asset, it is the icing on the cake. Don't sacrifice the cake for the icing. •Considering the macro and micro of diversifying your property portfolio. The macro is the state or the city and the micro is the suburb. Start with a big picture view and work down to suit your property plan, not the location you live or a buyer's agent. Or worse, where a buyer's agent is buying, but not based in. Your next purchase could be anywhere in Australia. •Capital gains v cash flow, how your investment strategy needs to be tailored to you. •Land tax, an often neglected area of property investment. How and when should land tax factor in to your property decisions? More than two reasonably priced properties in any state will generally start to eat into your returns via land tax. •Blue chip v gentrification, higher rewards come with higher risks. •Fractional investing, is it worth getting a fraction of your foot in the property door? •And of course, our "gold nuggets"! Visit the show notes - https://bit.ly/3e1Jzy1