Where should the average Joe should put his money?
From the gargantuan investment universe out there filled with financial instruments to make your head spin to the brokers who claim that their company are the best in the business, its no wonder why people are hesitant to invest.
For those who are unsavvy investors, who cannot be bothered by the annual reports, for them I recommend unit trust or ILP's. This is because unit trusts are manged by professionals who are experienced and monitor their investments daily. Unit trusts offer the diversification so risks are spread.
About 75% of unit trusts have outperformed CPF's returns. Most of the CPF monies through GIC are invested and from the returns provides 2.5% for the Ordinary Acct, 4% for the Special Acct and medisave accounts.
So, take ownership of your money as there is potential for higher returns and learn the basics about investing, also know where and what is your money being invested in. Till next time..happy investing!
From the gargantuan investment universe out there filled with financial instruments to make your head spin to the brokers who claim that their company are the best in the business, its no wonder why people are hesitant to invest.
For those who are unsavvy investors, who cannot be bothered by the annual reports, for them I recommend unit trust or ILP's. This is because unit trusts are manged by professionals who are experienced and monitor their investments daily. Unit trusts offer the diversification so risks are spread.
About 75% of unit trusts have outperformed CPF's returns. Most of the CPF monies through GIC are invested and from the returns provides 2.5% for the Ordinary Acct, 4% for the Special Acct and medisave accounts.
So, take ownership of your money as there is potential for higher returns and learn the basics about investing, also know where and what is your money being invested in. Till next time..happy investing!
