Just another noobie question by a noobie investor, have had my largest asset in a managed fund for the past year (westlawn investments) and its due to be freed up on the 19th of this month.Now in the past year Ive been looking into trading (and all other possible investments) and so am now not nearly as certain on the profitability of a managed fund.
So this is just a question to you more experienced investors,
Why do you avoid managed funds?Like to handle your own finances?Returns aren't good enough?Like more tax friendly returns?Don't like the risk involved?What is it that keeps you away?
Also ive heard that the latest rates of returns being offered by a hypothetical company are 6.3% for 12months compounding quart and 6.9% for 24months comp quart and 7.45% for 36 comp quart.Do you believe these are good returns?too risky?
This is not financial advice, but just a simple question, no one should use any replies to this thread as advice.