Lets talk about unit trusts. Are they as worthwhile as buying individual stocks? do they have better returns?? what kind of person would buy into unit trusts?? someone who is low on cash?? long or short term investor?? what about the risk tolerance of one who would buy into unit trusts high or low???

If you're 45 or younger then F#*K unit trusts...

These things were created for those who are retiring....

@mukiha whether one has knowledge or not doesn't really matter....

Throw all your money into a bluechip stock now and check it out 15 years later...

I guarantee it will have returned WAY more than a unit trust...

Though i admit within the next two years I'll be opening up one...

Ok guys....to me unit trusts and insurance policies for example ati education; investment etc etc etc………are the same…..

I will never invest in unit trusts ama insurance policies which promise to pay me a lamp sum after 15 or 20 years....


My reasons: These guys use my money to buy shares and trade in them....make lots of money and pay me peanuts!!! NOT ME!


I'd better study hard to know how these investments are done then go ahead and do it myself!

I WILL NEVER MAKE SOMEONE ELSE BE INCHARGE OF MY MONEY.......NO ONE CAN TAKE CARE OF MY MONEY LIKE I CAN!!

Where do insurance companies invest in???....the NSE

Where do mutual funds / unit trusts invest in??.....the NSE

Therefore i will do that myself....kama mbaya ...mbaya...kama sawa.....sawa!!

Unless i want to call the shots and have control....i will invest in a private equity firm like centum!!

Tell me any of the richest guys who ever invested in unit trusts

All i know is that ....all wealthy guys worked themselves to make their own money by investing themselves or taking large stakes and controlling companies e.g Warren Buffet.

@njung'e @guru....it is true that we remain poor coz of lack of knowledge......that is why majority of people are poor.....most of them have bought insurance policies and are waiting for 15 or 20 yrs to be paid ...what they are doing for the next 15 or 20 yrs ....ni ku-contribute premiums

This reminds me of mortgages!!! another no go zone!

@mjuaji;

I think you are quite young, aren't you? I remember the first time an insurance agent came to sell me some policy. That was 20 years ago and I had just started my first job. I told her that at the time I had no dependents..."nobody would surfer financially if I died today", I told her.

That's the point about insurance; it's not an investment!

I have a vision that my children will go to top-class universities when they finish with school. But that vision assumes that I will be alive and able-bodied when that time comes.

What if I died tomorrow? Or was in an accident and was left permanently disabled? Where would the money come from?

When those thoughts cross my mind; the vision of my children going to some nice university suddenly blows up to pieces. That's why I took and education cover for each of them.

Yes; you can say that I can save and invest for better returns than the insurance cover. But that also assumes that I will be alive and able bodied tomorrow to earn the money to invest...