About 90% of unit trust account holders whose assets are under my management have one thing in common. While they are all from different walks of life, different occupation and education background with different perspective on money management, they all share one common 'leaf' with regards to formulating a financial goal in their life!
The 'leaf' i describe is about formulating financial objectives, whether short term or long term. I strongly believe that being a person with possession of investable money alone doesn't promise a rewarding investment experience. Identifying the investment products and its prevalent risk that clicks to the person's risk-reward temperament, equally shoulders the same gravitational effect with that of having investable money.
In tandem with that, potential investors ought to equip themselves with the thought of identifying their personal or family financial goals. Without this, forget about investment and forget about searching the appropriate products the market can offer.
To summarize the above, i adamantly prescribe all new investors and as well as the existing ones to start identifying your very own financial goals in life and with shortfalls in sight, start your investment and work towards achieving them.
Note: UNIT TRUST INVESTMENT IS ONE OF THE INSTRUMENTS YOU CAN USE TO ACHIEVE YOUR SHORTFALLS GENERATED FROM FUTURE GOALS BUT WITHOUT KNOWING THE TARGETED AMOUNT, THIS SCHEME WILL NOT REACH ITS INTENDED FUNCTION.
Below are three (3) ways an investor can assure their investment is the right choice selected to meet identified financial goal. They are:
- Create a portfolio of optimal funds.
- Invest regularly to ride out market fluctuation.
- Do balancing to stay on course.
