Thread: Managed funds?
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Old 11-27-2006, 01:39 AM   #1 (permalink)
JohnnyJimJams
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Join Date: Oct 2006
Location: Sydney, Australia
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Default Managed funds?

Hi all,

I'm a 31 year old pauper

I haven't been interested in personal finance up until I found my new religion of personal development approx 2 years ago.

I've managed to use the debt snowball method and am now debt free.

I've been looking at managed funds through my bank....

They tell me that 14%/annum is reasonable, and that I would have to start with $5000 and continually add a set amount each month for 5 years.

I could write a book about what I don't know about finances What questions could I ask, and what are your recommendations?
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