March 18, 2009
As I stated recently on mutualfundwealth.com (top of page) - GET MORE INVOLVED - in which funds or other areas of the market place your savings dollars are placed. There is absolutely no reason to avoid making personal choices and sound investment decisions that relate to your personal level of risk and subsequent reward. By the way, I believe the word “risk” is really over emphasised when proper investment strategies are in place. There are always areas of the market place to invest in wisely. When markets are up and doing well internationally and globally, one should be invested in equities pertaining to the best performing sectors. When markets and economies are in disarray, have your funds moved to safer areas like money markets and or cash.
Read and listen to the news, check out investment sites relating to specific areas of the markets whether it be gold and precious metals, energy or other areas of personal interest.
Letting others make decisions for you
Gail Bebee, author of No Hype: The Straight Goods on Investing Your Money, calls it her No. 1 rule of investing: Think for yourself. The financial industry is rife with conflicts of interest, from the financial adviser who receives a fat commission for steering you into a particular mutual fund to the broker who recommends a stock because his firm wants to reduce its inventory. By educating yourself and learning to think critically, you’ll be able to know when an investment is serving your needs, as opposed to someone else’s. ( I concur with her views)
Doug T……..The fund guy
