What is the best way to invest on fund now?

calendar October 17, 2008
invest
p t asked:


I started to invest fund market since 2003, my fund manager adviced me to invest on prefer share to earn app. 7% interest, but I lost the value of prefer shares caused the interest rates up these years. Now any fund can easily reach 30% return if you started from 2003. I seem missed the best time on stock market, what can I do now, any suggestions?

By admin in Investing

3 Responses to “What is the best way to invest on fund now?”

  1. Thin Kaboudit Says:
    October 19th, 2008 at 6:29 pm

    First thing is to dump your fund manager. Unless you are very wealthy and have limited/maxxed out all other options, “preffered stock” is a truly dumb place to have money. My guess is the broker’s commission was better on that option.

    If you have assets of less than $50,000, you really don’t need a “manager”, you just need an honest financial advisor who gets a salary, not commissions.

    A total return of 10-12% a year (on average) is easy to achieve, just ivest equal portions of your money in mutual funds that reflect your age and savings goal. The Motel Fool (www.fool.com) and Yahoo!Finance both have tools to help you do this for free. Just look up “asset allocation”, and based on your age and risk tolerance you will find an easy (free!) answer.

    Best wishes!

  2. Frank Castle Says:
    October 21st, 2008 at 1:08 pm

    Fire your Fund Manager.

  3. swenjj Says:
    October 24th, 2008 at 6:29 pm

    without knowing your situation i dont see why you are in preferred stock, did you say you need an income stock?

    i wouldnt say a fund can easily reach 30%, more like the 10-12 mentioned earlier here, to get 30% they need to take alot more risks than normal, like investing in emerging markets that could tank just as easy as rise 60%

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