The Fund will sell you the most sell able one, not the most investable one.
When shares market is 'HOT', they sell equity fund, even it's at the highest level.
When commodities is 'HOT', they sell resources/commodities fund, even though it has peak.
When China Markets is 'HOT', they sell China Concept fund, even though China has bubble.
When GOLD Price surge, they sell Gold Fund, even though Gold has reach a level never seen before.
NEVER MIND ! WHAT THE FUNDS WANT IS SALES. THEY WILL GET COMMISSIONS/FEE WHETHER IT WILL BE GAIN OR LOSS ULTIMATELY.
2 comments:
Totally agreed.
So, when market is fearful, they will sell some "capital guaranteed" products, because people are fearful about investments.
In investment world, what I am still trying to learn is "to be fearful when people are brave, and be brave when people are fearful".
I agreed to you too, i have been harass by all this fund sales men -
keep calling me to invest..very forceful! fed up.They must have got my no from the bank...?
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