Lack of knowledge and information on how and why invest in mutual funds can create disastrous results for the newbie investors, says Richard Cayne. On the other hand having proper knowledge, availability of reliable information and guidance and taking right decisions at rights times can bring huge profits to those who invest in mutual funds. Those who are new to mutual fund investments should take care to learn certain basic tips that will help them achieve profitable results.
Enhance Knowledge – According to mutual fund investment consultant Richard Cayne, the first step that all newbie investors looking at investing in mutual funds need to take is to enhance their knowledge before stepping into the market and taking any investment decision. Now-a-days, it has become quite easy and convenient to gain knowledge on almost everything from the comfort of your home because of presence of the World Wide Web. This umbrella of the internet possesses some important websites that can help anyone to update and enhance his/her knowledge and information on mutual funds. So spare some time and do your own research so that you get the basic information on mutual funds. Just don’t believe everything you read on the web.
Decide Proper Asset Allocation
It is very important to have a balanced portfolio and choosing the right kind of asset allocation can really make all the difference between a portfolio that follows the indexes and one that really outperforms. Asset allocation is all about investing your capital in various investments with the apt blend of different financial products that compliment one another rather than just performing like one another. For example some hedge funds can take shorts positions in the markets so that if the respective financial instrument drops in value then the hedge fund can make money from this. Adding in some funds that can make money in bad times as well as the funds in your portfolio that can make money in good times may achieve a higher overall return and shelter your portfolio somewhat when the markets get bumpy.
Choose Right Funds
You will find that there are various types of funds available in the market some with very high minimums. Hence you need to take the right decision in terms of what your expectations are and what is available which will work with your financial plan. For example, ask yourself that what your financial objectives are, do you want to invest for your retirement or for the education of your child or for some other purpose, over what time frame do you expect what kind of return and how your tolerance to risk may be. Richard Cayne having lived in Tokyo Japan for over 15 years and as Investment advisor at Meyer Asset Management Ltd says that expectations and understanding ones risk tolerance levels are incredibly important and working with the right financial advisor or consultant that can help you determine what your expectations and risk tolerance levels are is crucial.
Monitor Constantly
According to Richard Cayne Meyer Asset Management Ltd’s Asian based servicing arm Meyer International in Thailand, the newbie investors in mutual funds should understand and realize the fact after they make their initial investment close monitoring and evaluations are needed to make sure that the strategy is performing both in line with your expectations and risk tolerance levels.
Take Help of Financial Advisors
Take help and advice from reliable financial consultants says Richard Cayne Meyer International in Bangkok. These knowledgeable and seasoned financial advisors not only help the mutual fund investors make the right investments but they also help in monitoring the various investments. Experienced financial advisors should keep their clients updated about the performance of their investments and provide ongoing advice with periodic reviews.
Richard Cayne founded Meyer Asset Management Ltd and is Managing Director of Meyer International Ltd the Asian based servicing arm for the Meyer Group. Richard has over 15 years' of experience in Japan, beginning with a short assignment at Sony before changing his career path to wealth management where he gained much of his market knowledge and experience in servicing the wealth management needs of the Japanese market. Richard is Canadian and speaks fluent English and French and has a working knowledge of Japanese. The Meyer Group is part of Asia Wealth Group Holdings which is a publicly traded company listed on the PLUS Stock exchange in London UK.
Enhance Knowledge – According to mutual fund investment consultant Richard Cayne, the first step that all newbie investors looking at investing in mutual funds need to take is to enhance their knowledge before stepping into the market and taking any investment decision. Now-a-days, it has become quite easy and convenient to gain knowledge on almost everything from the comfort of your home because of presence of the World Wide Web. This umbrella of the internet possesses some important websites that can help anyone to update and enhance his/her knowledge and information on mutual funds. So spare some time and do your own research so that you get the basic information on mutual funds. Just don’t believe everything you read on the web.
Decide Proper Asset Allocation
It is very important to have a balanced portfolio and choosing the right kind of asset allocation can really make all the difference between a portfolio that follows the indexes and one that really outperforms. Asset allocation is all about investing your capital in various investments with the apt blend of different financial products that compliment one another rather than just performing like one another. For example some hedge funds can take shorts positions in the markets so that if the respective financial instrument drops in value then the hedge fund can make money from this. Adding in some funds that can make money in bad times as well as the funds in your portfolio that can make money in good times may achieve a higher overall return and shelter your portfolio somewhat when the markets get bumpy.
Choose Right Funds
You will find that there are various types of funds available in the market some with very high minimums. Hence you need to take the right decision in terms of what your expectations are and what is available which will work with your financial plan. For example, ask yourself that what your financial objectives are, do you want to invest for your retirement or for the education of your child or for some other purpose, over what time frame do you expect what kind of return and how your tolerance to risk may be. Richard Cayne having lived in Tokyo Japan for over 15 years and as Investment advisor at Meyer Asset Management Ltd says that expectations and understanding ones risk tolerance levels are incredibly important and working with the right financial advisor or consultant that can help you determine what your expectations and risk tolerance levels are is crucial.
Monitor Constantly
According to Richard Cayne Meyer Asset Management Ltd’s Asian based servicing arm Meyer International in Thailand, the newbie investors in mutual funds should understand and realize the fact after they make their initial investment close monitoring and evaluations are needed to make sure that the strategy is performing both in line with your expectations and risk tolerance levels.
Take Help of Financial Advisors
Take help and advice from reliable financial consultants says Richard Cayne Meyer International in Bangkok. These knowledgeable and seasoned financial advisors not only help the mutual fund investors make the right investments but they also help in monitoring the various investments. Experienced financial advisors should keep their clients updated about the performance of their investments and provide ongoing advice with periodic reviews.
Richard Cayne founded Meyer Asset Management Ltd and is Managing Director of Meyer International Ltd the Asian based servicing arm for the Meyer Group. Richard has over 15 years' of experience in Japan, beginning with a short assignment at Sony before changing his career path to wealth management where he gained much of his market knowledge and experience in servicing the wealth management needs of the Japanese market. Richard is Canadian and speaks fluent English and French and has a working knowledge of Japanese. The Meyer Group is part of Asia Wealth Group Holdings which is a publicly traded company listed on the PLUS Stock exchange in London UK.
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