Chapter 4. Stocks and Mutual Funds
For just about anyone, stocks are a vitally important part of a long-term investment strategy. Mutual funds, or other collective schemes such as unit trusts or investment trusts, represent a convenient method for time-short non-investment professionals to invest in the stock market.
But, without a doubt, stock investment is the hardest of all investment classes to undertake successfully on a long-term basis.
This is partly because stocks are subject to a panoply of variables – economic cycles, stock market sentiment, individual corporate performances and valuation issues to name just some. Analyzing any of these is time-consuming and knowledge-intensive. And even if time and knowledge is available, there is no ...
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