Eddie is one of our senior consultants at LVG Consultants. Thanks Eddie for your contribution on the 4-Step Success Strategy:1. Journey (or time period)
Unit trust investment is not meant for short-term gain. The recommended time period is three to five years.
2. Discipline
Consider investing regularly. This way, the investor rides both the ups and downs of the market to optimise their returns. This investing strategy is known as “Ringgit Cost Averaging”.
3. Monitoring and review
Engage a professional consultant or advisor who can constantly keep you updated with market developments as well as your investment portfolio. The advisor should offer a solid investment
strategy for the medium to long term period.
4. Taking action
Decide in advance what action must be taken when:
- the investment returns target is met
- market conditions indicate change, either for an upturn or downturn
- your risk profile changes
- your financial goal changes
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