Wednesday, June 06, 2007
Choosing A Wife/ Gf
1. Selecting an investment should not be based soley on potential returns.
Choosing a wife or a girlfriend involves certain risks and they could be more than what you can handle financially or emotionally. Therefore you should invest if her objectives in life meets yours and that you can accept the risk tolerance.
When you buy unit trusts, you allow your financial adviser representative to conduct a financial needs analysis for you to ascertain which investments are suitable for you and how much you should invest. When you choose a wife, you may want your parents to give you some advice. After all, family's blessings are important to ensure harmony.
2. Understanding her
Why is she suitable for you? When you buy unit trusts, you need to determine answers to questions like 'What are the risks and rewards? What are the fees involved?'. Your family and friends may highlight their observations but at the end of the day, you make the decision.
3. Making the choice
You should make the investment only when you have fully understood the product and are totally satisfied that it is suitable for you. Your investment selection must match your current financial standing, investment objectives and risk tolerance.
You would have to evaluate her objectives and that you are able to provide her the things she needs. You would also need to be satisfied with her and love her the way she is.
4. Take a Long Term View
The selection of suitable investments can improve your financial well-being. In the same way, evaluate your potential wife/gf and determine if she's the one who can make you a better person in life.
5. A Beneficial Relationship
Everyone has different needs. Work hand in hand with your bank or financial adviser representative in the selection of your investments.
In relationships, communication is vital. Spend time talking to her. Discover more about her. The relationship is in trouble once communication cease.
6. No Turning Back
There may be several similiarities between choosing a wife/gf and investments. However, the differences are aplenty also.
You can get as many unit trusts as you can afford. But you can only get one wife. Besides, one wife is enough to make you go bankrupt.
For unit trusts, you can get your money back including any sales charge if you cancel the investment within 7 calendar days of purchase. But you are bound for life once you get married.
Providers like fundsupermart promise 0% switching costs if you decide your intial decision was a mistake and want to switch to another fund. It doesn't work the same way if you realise you married the wrong one.
Oh, given a period of time frame, fund prices may increase after a correction. But it doesn't work the same way for women.