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| The Business World From the stock market to the old school barter system |
A useful info on investing in Unit Trust!
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Peacemaker
Administrator
Join Date: Feb 2006
Posts: 651
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^
6 percent charges for all kinds of thing. It is kind of ridiculous but Public Mutual just came up with this new fund that is capital protected and is going to be investing in gas, oil, and gold. I believe people should know by now that crude oil price is going down. Those who get trapped by the ads and purchase the fund will find themselves either a) sell the units before 3 years and realize their losses or b)wait for 3 years and gain back their original investment minus the 6% charge and 3.3% interest for 3 years from putting it in FD or c)wait and wait and wait until the price goes up. Of course, c doesn't look too possible at this moment from my point of view (which might be wrong).
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