I just happen to know a fund manager’s wife, who is very rich, Stay in landed property, fully paid, and have other commercial property in orchard road to rent out for rental income, once she scolded her hu*****and: you have to learn how to invest, otherwise, if you lose your job, you do not know how to make money.
What a joke, a fund manager do not know how to make money, then why thousands of people give them their money to manage, hope they can make money for them.
That’s why they are so rich, they just take 1% management fee every year, form the million’s of asset under managed, then they became very rich.
So next time, when some people ask you to buy unit trust, you have to think about it.
It will make who rich?
