10:30 24 January 2013
Investing in OEICis proven to be rewarding especially for long-term investors. People who are thinking about joining the bandwagon would realize that they have so many options when it comes to choosing OEIC.
Take your time when making a decision. Remember, it’s your money. It’s important to ensure that your funds are properly managed by professional fund managers with proven track record.
Start by listing down all the OEIC that you can invest in. Then, research them thoroughly. You would want to check their performance and also their rate. It would help if they are highly recommended by other investors.
However, if you’re a novice investor and totally unfamiliar with OEIC, it’s best if you do your research first. You have to understand what you’re sinking your teeth into before you take the plunge.
When you made your decision, don’t be afraid to talk to your fund manager. You need to know where they will be investing your money and the kind of risks that you’re taking.
The good thing about OEIC though is that they’re relatively less risky as the funds are diversified by fund managers, so you don’t need to worry especially if you’re in this for the long-haul.
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