cannot say all are scams. i buy unit trusts to gain exposure to stocks which normally i cannot get from the stock market, exotic countries, or usually open to institutions only.
then must see their underlying, distribution frequency, reinvestment charges etc. many things to consider. but having said that, i avoid buying from insurance company because insurance company also has charges on top of the fund managers charges.
remember this one multi-millionaire guru claimed she lost 40% in unit trusts to psych people to sign up for her stock course. dig deeper. she lost during lehman crisis. mostly everyone will lose money during that time. S&P also dropped about c40-50%. LOL
Choosing the wrong unit trust is not an investor's fault, but anyone who is still paying a 5% sales charge today has nobody to blame but himself.
Unit trust is just an investment structure, It is the same as an ETF or REITs. Whether you make or lose money depends on the underlying investment market, not the vehicle.
cannot say all are scams. i buy unit trusts to gain exposure to stocks which normally i cannot get from the stock market, exotic countries, or usually open to institutions only.
then must see their underlying, distribution frequency, reinvestment charges etc. many things to consider. but having said that, i avoid buying from insurance company because insurance company also has charges on top of the fund managers charges.
remember this one multi-millionaire guru claimed she lost 40% in unit trusts to psych people to sign up for her stock course. dig deeper. she lost during lehman crisis. mostly everyone will lose money during that time. S&P also dropped about c40-50%. LOL
Reply to @jasonhhlim : the company is the one that teaches value investing and she take photo with mary buffett?
unit trust are long term with the dollar cost averaging in mind... just that there are too many charges these days...
Choosing the wrong unit trust is not an investor's fault, but anyone who is still paying a 5% sales charge today has nobody to blame but himself.
Unit trust is just an investment structure, It is the same as an ETF or REITs. Whether you make or lose money depends on the underlying investment market, not the vehicle.
This article has a more detailed explanation.
https://www.sgmoneymatters.com/how-to-choo...