If a fund looks too good to be true, it probably is, according to Jupiter fund of funds manager John Chatfeild-Roberts.
Speaking at the Barclays 'Successful Investing Seminar' last night, Chatfeild-Roberts laid out some basic rules for IFAs and individual investors when tackling the market. “It sounds simple enough; but look at the liquidity of each underling investment,” he says. A common mistake, Chatfeild-Roberts says, is attaching too much importance to the past. “Past performance is important, but it often results in buying from the top,” he says. He also tried to discourage the natural impulse of buying cheap funds, saying price should not be the determining factor. Chatfeild-Roberts says it is cr...
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