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How Can Banks Help You To Manage Personal Finance?
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[QUOTE="Caramelle, post: 219487, member: 150"] [JUSTIFY]There are banks that offer unit investment trust funds (UITF), a type of investment where participants entrust their funds to the bank which, in turn, invests the funds in securities that will provide the highest returns for its clients. UITFs are alternatives to mutual funds in the sense that the investment activities are administered by bank professionals who are highly skilled in the field of investing. Investors can only share in the funds' earnings but they don't end up owning the stocks, unlike mutual funds where investors actually buy and own the stocks. This investing approach may appeal to investors or depositors who want to invest their funds but have zero to little knowledge about financial instruments and have no time to monitor stock movements and financial markets. Investment managers are experts who are focused on the work of growing their clients' investments. People who want to invest in UITFs usually choose the fund manager or bank based on their performance in funds management. Investing in UITFs can be one profitable option to diversify your investment portfolio. Banks will usually offer products that let you earn interest or profits from your own money. They have investing and banking experts on board who are much willing to provide financial advice to their clients whether or not you actually proceed to invest in their products. Ultimately, it's you who make the decisions over your finances and investments. [/JUSTIFY] [/QUOTE]
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