A little knowledge is a dangerour thing.

Hi, It's true that we can never do anything without having prior knowledge about something in the depth level. I've bought a type of Unit Trust before around MYR2,000 and I lost because I truly believed what the agent told me. I was a skeptical person, but when it comes to investment I don't know anything about it and have to rely on the information the agent is giving me. At that time I had some extra cash and suddenly an agent came to me asking whether I would like to buy the mutual unit trust. I asked him several times, is this a type of investment which will never make me lose? He said yes, because that particular type of investment will never go lower than the price I purchase. Even if they lose, I will get back the same amount of money I invested. I asked him several times because I want to see whether his facial expression changes so I can detect whether he was cheating or not. I failed to trace any changes on his facial expression and he maintained a good spirit all the time during our conversation. So I thought, maybe he is telling the truth. Finally I bought the unit trust but my husband said don't put all my money into it, in case the fellow is lying. I felt the same too, and luckily I only bought MYR2k, or else I would be losing my savings. I really regretted investing in that unit trust, and until now I don't want to get involved in any type of investments, other than the one that I have now which is ASB. ASB is an investment which never failed to give me dividends and bonus each year. Another good thing about ASB is it always give profits to me by not having to have any knowledge about investment.