The recent failures of investment schemes First Guardian, Shield Master Fund and Australian Fiduciaries poses some questions about how much investors need to know about investing.
While a person might be educated and have an important career, if you asked them what their investment beliefs were, it might draw a blank. If you have no investment beliefs, how can you spot a fraud or filter the investment products that might be right for you? Investment beliefs are beyond “what ETF should I buy?” However having investment beliefs can help you choose what you need.
With that in mind, we look at the importance of investment beliefs by highlighting the reality that most investment managers have no beliefs either, they are simply offering products for a fee. We also consider other things that people may use to guide their investment decisions, such as religion, if they don’t have any investment beliefs.
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