| According to the Cashflow quadrants by
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| | choosing the correct investment company.
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| Robert Kiyosaki, I will need to switch to
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| | If an investment company has financial
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| either a business owner or an investor to
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| | problems, then I face the risk of losing
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| become wealthy. If I were to choose the
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| | money if the company were to liquidate.
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| path as an investor, I realized that
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| | In the case of mutual funds investment,
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| there are certain responsibilities that I
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| | if the fund house had financial woes, I
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| need to fulfill.
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| | would be asking for trouble by investing
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| What are the responsibilities?
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| | my money with them.
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| To answer this question, let use the
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| | Next, I have the responsibility of
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| example of investing in mutual funds.
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| | choosing the right investment product. If
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| As we all know, fund managers managed
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| | I choose the wrong investment products, I
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| mutual funds. They are expert and more
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| | am almost guaranteed to loss money. In
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| qualified than the average investor in
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| | case of mutual funds investment, if I had
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| stock investment. Thus they are in a
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| | chosen a dotcom fund just after the
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| better position to make money from the
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| | dotcom bubble had burst, I would
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| stock market.
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| | definitely be losing money.
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| Another advantage of mutual funds is that
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| | Then, I have the responsibility of
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| there is diversification to reduce risk.
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| | getting the cheapest investment cost. If
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| The amount of money is pooled to invest
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| | I have choose an investment with high
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| in different stocks, thus achieving
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| | investment cost, then it simply means
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| diversification. These are the two
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| | that my investment return needs to
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| selling points of investing in mutual
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| | perform better than the high investment
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| funds.
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| | cost before I can make money. In the case
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| When I initially started to invest in
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| | of mutual funds investment, I should look
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| mutual funds, I never do any detailed
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| | out for ways to reduce sales charge,
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| research. Like most people, I simply
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| | expensive ratio, fund management fees and
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| invest in a mutual fund that I think it
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| | so on.
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| will make money. The decision is usually
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| | Lastly, I have the responsibility of
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| purely based on the information presented
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| | planning for my investment. Like what I
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| by the sale persons. Happily, I invested
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| | have learned from the Rich Dad's series
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| and forget about it. I felt that since
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| | by Robert Kiyosaki, investment is a plan.
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| the expert fund manager is managing my
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| | In the case of mutual funds investment, I
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| investment, I had nothing to worry about.
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| | should time my entry and my exit
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| And I never really monitor the
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| | properly. The performance of the mutual
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| performance of the mutual funds.
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| | funds goes up and down over the years. If
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| This did not just happen to mutual funds
| |
| | I had not set any profit target for my
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| investment. I did that to other kind of
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| | mutual funds investment, then I would be
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| investments as well. I felt that I wanted
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| | holding on to the funds indefinitely. I
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| to spend as little time as possible and
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| | would end up not selling my mutual funds
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| leave everything to the experts. I was
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| | when there is a reasonable profit. If I
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| lazy to learn and manage my own
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| | needed my money when the market had
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| investments actively.
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| | dropped, then I would be losing money by
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| Later, I learned from the Rich Dad's
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| | cashing out at the wrong time.
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| series by Robert Kiyosaki that financial
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| | The above are just some responsibilities
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| education is essential. Since I always
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| | as an investor. They are by no means
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| desire to be wealthy, I have decided to
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| | complete. I believe when I learn more,
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| gain financial literacy. After studying
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| | the list of responsibilities will grow.
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| for a few years, I have learned a lot of
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| | In short, one need to be responsible for
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| things and that really open my open eyes.
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| | one's investments.
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| As an investor, I am responsible for the
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| | * DISCLAIMER *
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| outcome of my investments. No one else is
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| | The author only provides the material and
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| responsible for the result of my
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| | information as a layperson's views about
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| investments. This is the part where most
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| | an important subject. The materials and
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| people missed out. They thought that they
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| | information are from sources believed to
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| could leave things to the expert and do
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| | be reliable and from his own personal
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| nothing.
| |
| | experience, but he neither implies nor
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| Firstly, I have the responsibility of
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| | intends any guarantee of accuracy.
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| selecting the expert to manage my
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| | All the materials, information and
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| investments. I need to select expert
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| | procedure in this book are only the
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| based on their track records. In the case
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| | author's personal opinion. You must
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| of mutual funds investment, I need to
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| | consult your own professional advisor and
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| select the fund manager who has track
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| | other reputable sources on any matter
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| records to increase my odds of winning.
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| | that concerns you or others.
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| Secondly, I have the responsibility of
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| | The author, publishers and distributors
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| monitoring my investments regularly. If
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| | are not competent and do not profess to
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| things are not in order, I should
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| | give legal, accounting, medical or any
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| consider cutting loss and get out of the
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| | other type of professional advice. The
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| investments. In the case of mutual funds
| |
| | reader must always seek those services
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| investment, if I have invested in a
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| | from competent professionals who can
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| particular sector, I need to check that
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| | review your own particular circumstances.
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| there are no bad news regarding the
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| | The author, publisher and distributors
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| sector that may affect my investments. If
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| | particularly disclaim any liability,
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| the sector is expected to perform badly
| |
| | loss, or risk taken by individuals who
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| for the next few years, then my mutual
| |
| | directly or indirectly act on the
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| funds investment will definitely perform
| |
| | information contained herein. All readers
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| badly. Then, I should consider cutting
| |
| | must accept full responsibility for their
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| loss.
| |
| | use of this material.
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| Thirdly, I have the responsibility of
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| |
|
