In reality, a unit trust consultant is helping their clients in achieving financial independence at earlier age. And these need to start from educating them how important a financial plan is.
Many people do not sense the urge of having a financial plan till they face financial difficulties. Therefore most of the governments “force” their citizens to build up their personal retirement fund which is mostly directly deducted from their pay/wages. For example, in Malaysia, every employees and employers ought to contribute to Employee Provident Fund (EPF). People can only withdraw the money when they reach the age of 55. However, 70% of the contributors spent all their EPF money after 3 years from their retirement, which seems do not serve the main purpose of setting up EPF. Thus in this case, unit trust consultant comes in and serve a role.
There are many ways or types of investment which we can use to build up retirement fund. Long term investment in unit trust would be one of the most efficient way to build up a fund and at the same time offer a handsome return. There are 2 rules to follow in investing for unit trust: First, mid to long term investment. Second, regular investment to get rid of the market movement. If investors follow the rules suggested and do not eagerly time the market, they mostly made a handsome return and live their desired life after their retirement.