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Nov 02

Lessons in Asset Management 1

Asset management is a concept that many people are wary of. Although they do want their hard earned money to beget huge yields and interest, people are not always comfortable with the idea of other people managing their money.

Add to these doubts are the number of stories circulating of investors losing their money because of companies that have folded during the dot.com boom and the latest round of failures on Wall Street, and you end up with a lot of people storing their cash in a mattress.

Apparently anyone who sells a person safe is doing well, but the rest of us are in despair.

But the truth is, asset management need not be something to be afraid of. In fact, it can be pretty rewarding financially, once you learn the ins and outs, and carefully and strategically spread your money across different investment products.

This will be better than putting your money in banks where the yield is not even enough to combat the inflation rates of the currency and the rising costs of living (consumer food prices went up over 10% in the first 6 months of 2008).

When done the correct way, your money can work hard for you to grow and grow, in order to be there for you when you choose to retire.

The trick is to find the right asset investment manager, or the right research and skills to do it yourself, and be pro-active about your asset management.

What follows are some lessons on how to start and survive asset management, in order to keep growing your nest egg to meet your investment and financial goals.

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