IINVEST SE­CU­RI­TIES

JOANN CONDON,

Weekend Gold Coast Bulletin - - BUSINESS - FIRST JOB AND WHERE ARE YOU NOW?

My first job was in 1989. I was a trainee Ja­panese gov­ern­ment bond an­a­lyst with Stan­dard & Poors. I fin­ished my fi­nal univer­sity ex­ams on the Fri­day and started on the Mon­day. It was a great op­por­tu­nity and my first foray into the world of fi­nan­cial mar­kets. I moved from cov­er­ing JGBs to the Aus­tralian share mar­ket, and thus com­menced my ca­reer in eq­uity mar­kets.

I am now man­ag­ing di­rec­tor of Burleigh Heads-based bou­tique fi­nan­cial ad­vi­sory group iInvest Se­cu­ri­ties. We spe­cialise in prod­ucts listed on the Aus­tralian Se­cu­ri­ties Ex­change and pride our­selves on our pro­grams that help ed­u­cate the av­er­age per­son on the share­mar­ket.

BEST BUSI­NESS AD­VICE YOU’VE RE­CEIVED?

Al­ways be on the look­out for chang­ing mar­ket con­di­tions. Pre-empt changes where pos­si­ble by be­ing con­scious of your com­peti­tors at home, and changes to off­shore stocking busi­nesses. Al­ways be ready to adapt.

WHAT YOU WISH YOU KNEW WHEN YOU FIRST STARTED OUT?

Only work with peo­ple that share your val­ues. It’s im­por­tant that you’re on the same page with oth­ers in­volved in the busi­ness.

YOUR GOLDEN RULE IN BUSI­NESS?

If you look af­ter your staff, they will look af­ter your busi­ness. Al­low­ing key staff to buy into the busi­ness is great for both the busi­ness and the em­ployee. It locks in key re­sources and there’s no greater in­cen­tive for an em­ployee to work hard for the busi­ness than if they ben­e­fit di­rectly.

A LONG LUNCH: A WASTE OF TIME OR ES­SEN­TIAL?

A long lunch is def­i­nitely an es­sen­tial. There’s no bet­ter way to get to know a per­son, make good con­tacts.

WHO IS ON YOUR BUSI­NESS MO­BILE’S SPEED DIAL?

Our ac­coun­tant and longterm busi­ness ad­viser here on the Coast.

IF YOU HAD $1M SPARE, WHAT IN­DUS­TRY WOULD YOU BE IN­VEST­ING IN NOW?

Def­i­nitely the share mar­ket. With in­ter­est rates at his­toric lows, we’d be look­ing at high­yield­ing blue-chip in­vest­ments over the medium-to­long term.

WHAT SHOULD GOLD COAST PRI­MARY STU­DENTS BE STUDY­ING?

Learn about sav­ings and in­vest­ments, par­tic­u­larly the ef­fect of com­pound­ing re­turns over time. The share mar­ket is a great al­ter­na­tive long-term in­vest­ment, and you don’t need a lot of money to get started.

BIG­GEST FRUS­TRA­TION DO­ING BUSI­NESS ON THE GOLD COAST? AND HOW TO FIX IT?

The gen­eral mis­trust of fi­nan­cial ad­vis­ers on the Gold Coast due to scams we’ve ex­pe­ri­enced here in the past. With ed­u­ca­tion stan­dards in the in­dus­try lift­ing, and li­censees ob­li­gated to do strict due dili­gence on new staff, the rep­u­ta­tion of the in­dus­try is slowly im­prov­ing.

Joann Condon, man­ag­ing di­rec­tor of Burleigh Heads-based iInvest.

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