Most people lack of knowledge and understanding of what investing in unit trust was all about. Didn't know how to capitalise on market corrections and has a tendency to miss opportunities lying in front of them. Opportunities for investment abound as prices dive and value surfaces. The only skill you need is PATIENCE. Focus on long term investment with the compounded returns.
At these current economic climate - Equities will certainly outperform cash over the next decade, probably by a substantial degree. Investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they ignoring Wayne Gretky's advice: 'I skate to where the puck is going to be, not to where it has been."
A simple rule dictates: Be fearful when others are greedy, and Be greedy when others are fearful.
So if you wait for the robins, the spring will be over. (Advice from Warren Buffett)
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