Investors not prepared to be intensively involved in the day-to-day management of their investments have the option of engaging a professional to manage directly their financial affairs. There are many professional investment management services available. Although some professional service arrangements are pitched at those with sizeable sums to invest, there are also management services for those making smaller investments.
Finally, managed-fund products such as unit trusts offer the smaller investor a combination of reduced risk through diversification, and the portfolio-management services of an investment professional. Vigilant and open-eyed investment strategies benefit not only investors. Households making wellinformed investment and borrowing decisions are better able to cope with rainy days, and better prepared for their retirement years.