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Resist the temptation to time the market swings...
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Hulumas
Supreme |
27-Jul-2009 11:02
![]() Yells: "INVEST but not TRADE please!" |
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Not all but a few some! I have paper gain and realised gain so far. Now my overall unit trust porfolio is on the positive side!
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jeremyow
Senior |
27-Jul-2009 10:38
![]() Yells: "Passionate business investor" |
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The general public may not be much educated in investment knowledge and so have to rely on professional fund managers to help with investing. Some people are afraid to step out of their comfort zone to study and do investments by themselves. So, they conveniently think that there are professional fund managers that can help them earn "guaranteed" returns by investing in their funds. Some people are simply too busy with their work and family to study and monitor their investments by themselves, so they again rely on such professional fund managers. Actually, it is important and will be better if one can study and gain investing knowledge, and do own investments. It is safer and more lucrative contrary to what most people who thinks that investing needs to be undertaken solely by professional fund managers or financial advisers. I know of a few financial advisers (also my friends) who worked in local insurance companies that did not know anything much out of their job scope of investments. They only knew about their own companies' unit trust funds and cannot offer any help to other investments such as forex, common stocks etc. Anyway, it is not their responsibility to advise out of their circle of competence. I will not be surprised to even find stock brokers that may not be as knowledgeable in common stock investing as they should be. So, is there an overestimation of the capabilities of professional fund managers or professional financial advisers? Maybe yes or maybe no? However, we have seen many professional fund managers whose managed funds also lost big time during last year sharp decline. So, if fund managers are so good with investing, they should be the ones consistently outperforming the benchmark and not lose so much based on their "expert knowledge and judgement"? One needs to think carefully is there a need to pay a premium for such professional help to get back same returns or even lower returns than benchmark? It is up to everyone's discretion to decide on investing one's hard-earned money with others or doing it by oneself. One sound investing principle is "To understand what one is investing in". If one does not understand to a comfortable degree (the worst consequence and possible shortfalls)of what one is investing in, then it maybe better not to invest at all. The risk of losing one's hard-earned money is more painful compared to the prospect of getting spectacular returns. Even when engaging other professional's help with investing, one also need to understand carefully how one's money is being invested and the possible worst consequence one can suffer should one's investment fails. There is nothing such as a "guaranteed returns on investment". The best way to help oneself is to gain sound investing knowledge as this is an important lifelong skill that helps one to make sound investments with his hard-earned money. The best protection on one's investments is the investor himself. An investor who keeps improving his investment knowledgeable and excecutes sound investing principles and also tends over his investments cautiously is the one to grow his investment returns steadily. <There is no excuse not to know anything about investing and rely on others blindly. The best protection on one's investments is the investor himself. To do so, the investor has to become knowledgeable and executes only sound investing principles to protect his investments.> <Never overestimate anyone's capabilities e.g. professional fund managers and including ownself. One basic investing principle is "To always understand fully what one is investing in." If failing this, it will be better for the investor not to invest than to risk investing in something he does not understand fully even if it is engaging other peoples' help with investing which does not guarantee anything at all since this will be a blind following what others talk up about a particular investment.> |
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singaporegal
Supreme |
26-Jul-2009 10:36
![]() Yells: "Female TA nut" |
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Case in point - I often wonder why people put in their hard earned money with fund managers when all they do is to help us lose money even faster? |
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smartrader
Elite |
25-Jul-2009 20:36
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