Forum Archive Index - December 2000

["Tony Haddon" <haddon@E3.net.nz>]

Jason, there are lots of "investment" sites on the net, you obviously have access, read up on the basics of portfolio theory etc to start with, then do the rounds of three or four investment advisers, sharebrokers etc to get a handle on the scene. They will all happily administer your money for you, raking off 1.5% pa more or less fee regardless of returns ...you'll get a six monthly report , every second one of which will say something like "all in all, Mr ...... ,   another dog of a year . Please find attached our invoice for next  year $1,000 +gst . Investment advisers like to sign you up for a three year contract, and are trained to create the impression that the client cannot manage on their own.

 

They will all assist you to set up a portfolio initially, and you can do your own monitoring, or pay them to review the investments now and again, on an hourly rate basis, like a solicitor or accountant.

 

Take your time..read,read, read.

 

Cheers    Tony Haddon