When a new fund was launched, here came the Financial Planner (FP)…
FP: “Mr Prospect, we have just launched a new fund. This is a good fund. If not, we won’t launch it. It’s priced at very affordable $1 per unit. This is a good time to buy.”
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When the unit price went up to $2, here came the Financial Planner…
FP: “Mr Prospect, the price of our fund has gone up to $2. It was $1 when it was first launched. I think the market will go up some more. This is a good time to buy.”
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When the unit price plunged to $0.50, here came the Financial Planner…
FP: “Mr Prospect, the price of our unit is only at $0.50 now. Consider it was ever at $2. At the present price, this is a good time to buy.”
EVERYTIME is a GOOD TIME TO BUY!
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Otherwise:
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It may be a good time to buy. But most of the time the ‘good time’ is not your ‘good time’. It’s the Financial Planner’s good time.
