Times Online
March 16, 2009
How to avoid investing in a Madoff-style fund
Times Money offers some hints on avoiding dodgy schemes.
Mark Atherton
Justin Urquhart Stewart, of Seven Investment Management, gives investors some hints on how to avoid putting money into schemes that prove to be a costly mistake.
He says you should ask what any suggested fund is invested in, and what the charges are. You also need to know by whom, if anyone, the fund is regulated and whether you can get your money out in a hurry.
He concludes: "The golden rule to remember is that If something appears too good to be true, it probably is."
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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