So, what is the truth about fund charges? How much should you pay (in total) to have someone manage your money? Let’s explore the charging secrets of fund managers and advisers.
Some investment “experts” will tell you that there’s no point paying a fund manager to manage your money. You don’t need them to pick the shares, or sectors or countries to invest in, they say, All you need to do is buy the whole world stock market with some index tracking funds. So… are they…
Have you heard about the Motivational Interview (MI) ? It’s the big thing in Therapy and Coaching these days. And this, briefly, is what it’s about.
Okay, so what’s the best investment advice you’ll ever get? Simply this. Ignore all specific investment recommendations you read in books, newspapers and online blogs. Regardless of how ‘reputable’ the writer appears to be. Their ‘recommendations’ cannot possibly be tailored to your particular circumstances.
It’s very hot outside today. So, let’s stay in the cool and check if stock-markets might be overheated now too. And let’s use one of the most powerful tools you’ll find.
I’ve recently been talking to some young Doctors who are likely to head off to find work down under.