After being a long time reader of FIIG Securities’ Liz Moran and her regular articles in The Australian, Warwick liked the idea of a defensive asset that he could have an active involvement in but didn’t need to constantly monitor for fear of losing capital.
At one of the seminars, Warwick met FIIG Adviser Jake Koundakjian and in 2014 set up an account with FIIG. He now holds a diversified portfolio of bonds in a personal account and through his SMSF.
“Jake and I have developed a great relationship, I would say we are friends, and I have total faith in him and the FIIG research team,” he said. “We operate under one rule – I don’t want anything in my portfolio that he won’t have in his.”
Mr Blowes, 71, and his wife Ailsa, recently moved from their home at Runaway Bay to a gated community at Hope Island on the Gold Coast.
Knowing his investments were being monitored while he focused on the process of moving was important.
“We probably weren’t planning to move into a community like this until our mid 70s but when these came up we thought we better get in.”
Mr Blowes holds a range of bonds both personally and through his SMSF including Auswide Bank, Alumina, Cash Converters and StockCo. He also recently expanded his portfolio to include foreign currency bonds.