2006-11-14 21:08:45 · 13 answers · asked by Anonymous in Business & Finance ➔ Investing
It is always adviseble to appoint a manager if you afford, whether you know urself or not. To gain from the experience of manager, is always profitable then from your know about of shares.
final decision is always in your hand.
2006-11-14 21:30:31 · answer #1 · answered by anilmehrarite 2 · 0⤊ 0⤋
If you do not feel confident about managing a portfolio on your own, you might ask yourself why you are investing in stocks in the first place. Ideally, you will learn, over a period of time, what you need to know in order to effectively trade stocks. If this is to happen at all, it will occur slowly, and will necessitate your devoting a great deal of time to it. The alternative manner of handling a portfolio is to pay someone to do it for you. This manager will be paid his fee regardless of whether your portfolio shows a profit. His trades may or may not align with your investment objectives. He may or may not be a successful investor with his own money.
If you know what you are doing, manage the portfolio yourself. If you don't know what you are doing.....learn - and while learning, keep away from stocks.
2006-11-15 09:04:07 · answer #2 · answered by jerrold 3 · 0⤊ 0⤋
It is always better to use professional fund management. Depending on the amount, you can choose to invest through Portfolio Management Schemes or Mutual Funds.
2006-11-16 04:41:54 · answer #3 · answered by Swapan 1 · 0⤊ 0⤋
It depends upon how much time you have to research the companies and manage your investments - Personally I have used Portfolio Managers and I find that the level of detailed analysis that they can do and the breadth of industries they can cover is far more than what I can do - I will suggest that you go with them if you can afford and have the patience to wait for the research to pay-off (no short term gains)
2006-11-16 09:13:20 · answer #4 · answered by Worried Parent 2 · 0⤊ 0⤋
Just remember this the mutualfund managers are the professionals right ,however half of all mutual funds lose money and they still charge you a fee for that lousy advice at least if you lose your own money you won't have to pay a fee to some so called professional who clearly does not know what hes doing.Educate yourself and do it yourself.
2006-11-15 06:18:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It will be better to handle on your own. On one hand you will save on costs of appointing a manager and on the other you will learn how things take place and in future you will be in a position to figure out your profit.
2006-11-15 07:05:43 · answer #6 · answered by Crish 3 · 0⤊ 0⤋
The best option is to do it yourself. Entrusting to another person or entity involves additional cost thereby reducing your return. If you are not confident about your own ability invest through mutual funds. Here again, it is advisable to distribute the total amount among various funds.
2006-11-18 21:48:24 · answer #7 · answered by venkram_99 2 · 0⤊ 0⤋
It depends on your skill, time available and aptitude. It is best to do it yourself after you become skilful and use a manager till you develop the skills and have time available for direct investing.
It is like outsourcing. You pay for the service. If you need help contact me.
2006-11-16 15:28:21 · answer #8 · answered by StraightDrive 6 · 0⤊ 0⤋
If you fully understand the share market then do it yourself, but if you don't, then a managed fund is the way to go.
2006-11-15 05:21:58 · answer #9 · answered by Ted T 5 · 0⤊ 0⤋
be careful with managers. their first priority is to make money off you regardless of whether they make money for you. check their fee schedules, turnovers, commissions, etc. since you are asking, then you must not have much money or much experience. buy some mutual funds and don't do a lot of trading.
2006-11-15 09:09:09 · answer #10 · answered by Ovrtaxed 4 · 0⤊ 0⤋