Picking the right fund for your money

Shortlist those that suit your risk appetite and consider factors such as track record and charges before deciding

Portfolios with higher allocation to equities have higher returns in the long run.
Portfolios with higher allocation to equities have higher returns in the long run.PHOTO: ST FILE

"The number of things that are true for everyone in finance is small; everything else is just figuring out how much risk you want to take and what you want out of life, which is different for everyone," said Mr Morgan Housel, author of The Psychology Of Money.

Indeed, everyone's portfolio should be different because we all have different objectives, different investment horizons, different liquidity needs and different risk tolerance, among other things.

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