Arguably, purchasing financial products, such as stocks & shares, ISAs, Mortgages, Treasury Bills, Interest Bonds etc, can be very complex to understand. However, this should not be the main reason why consumers should choose to give their money to a bank or fund manager to invest it. Also, many people shy away from high-return opportunities citing that, “they don’t invest in things that they don’t understand”, instead of finding the relevant educational and human resources to help them understand. Do you think Richard Branson knows anything about “Rocket Science”? Yet, he is eager to make virgin launch the first commercial passenger-carrier to shuttle people to space and back. He will make more millions!
The world of investing has changed and no longer can consumers rely on Banks and Financial advisors to secure their financial future, especially in the aftermath of the 2008 crisis. Sadly, many amateur investors confidence have been terribly shaken as a result of the mis-selling of various financial products and most of them will retire without a pension or sufficient money to pay for their elderly care. Additionally, most investors’ endowment mortgages will be inadequate to pay for their home, let alone for their children to inherit it.
Today’s generation must get to grips with self-investing as it will play a significant role in determining their future financial success. For to long, investors have been fooled by banks and fund managers, so the later can earn lofty commissions. But now, the power has shifted as it has become inevitable for consumers to be inside investors or perish. Think about it!
Do you believe that the people listed in the top 1,000 of the Forbes Rich List accumulated their fortune from buying financial products advertised by Banks and Hedge funds? No! They are all inside investors. They self invest. It’s time you re-think your strategy.
Today, your challenge is to determine whether you are sufficiently equipped to self-invest.
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