Unit Trusts
In my early investment days, I have invested in a few counters of unit trust. I was a newbie then and naively listened to advices given by those bank relationship managers. Those advices included: 1. Stocks are volatile and not safe 2. You do not have experience or time to actively manage your stock portfolio. 3. Unit trusts are not so volatile and safe, as they invested into high yield bonds and blue chip stocks. 4. Experienced fund managers actively manage the unit trust portfolio. Those days I thought it was a good deal. The fixed deposit interest is so low that it cannot beat the inflation rate, and so basically the money is just rotting away inside the FD. Moreover, I needed to travel frequently then and so have limited time to monitor the stock market. I have invested into 3 funds, Asia Ex Japan (70%), Pan-European (15%) and a technology fund (15%). I can't remember those fund names now after more than 10 years has passed. However, later I discover...