Chapter 3. Why You Should Not Give Your Money To A Fund Manager
DIY Investing is the way to go!
We are now going to put the Seven Idle Investor Axioms into practice.
After reading the previous chapter, you might think that the easiest way to follow Axiom 1 (keep things simple) is to buy an actively-managed investment fund like a unit trust, and let the fund manager do the hard work of investing your money for you.
This sounds a seductively simple solution, right? Unfortunately, matters are rarely this simple – there is a high price to pay for following this hands-off strategy to managing your investment portfolio. And on top of that, it doesn’t solve all your problems, as you still need to pick a fund or a number of funds to invest in.
How do ...