Ignorance is not bliss especially when it comes to your money. Do you know what stocks are being purchased on your behalf?, how are they being traded? are they insured (probably not likely)

I know a guy who looks after peoples superannuation and I asked him why his company did not insure his clients shares, and he said that it would be too costly and would cost him his retainer and he would be out of a job.

Knowledge is power.

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This is exactly what I do with the bank. I paid a couple of thousand to get into having a portfolio with the bank and then I just pay a set amount each month and they take care of the rest.

Because I know nothing I thought it was a great idea and I still think it’s good. I just think it might be time for me to learn to buy and sell my own shares.