Monday, August 01, 2005

Do's and Don'ts of Choosing a Unit Trust Fund

Do

  • Decide which type of unit trust fund meets your saving needs.
  • Shop around for a reliable unit trust company.
  • Check whether investment limits, frequency of income payments, etc, are suitable.
  • Check past performance records.


Don't

  • Don't choose any unit trust fund just because its performance has been good, make sure it is the right fund for you.
  • Don't pay too much attention to short term performance, good consistent performance over all periods is the best lead.
  • Don't decide on a unit trust fund just because it has low charges, good performance is far more important.
  • Don't borrow to invest in unit trust unless you are absolutely aware of the risk involved.

No comments: