✅ No clippings "The 50 Traps and 50 Truths of Investment Trusts, Revised 2nd Edition," created by ZAI, the best-selling monthly money magazine Diamond ZAI Editorial Department Diamond Inc. Published May 2025 ◾️ Basic Structure and Misconceptions of Investment Trusts ・Index funds and active funds differ most in investment policy and cost. ・Net asset value is a measure of size but does not guarantee safety. ・Dividends may be a withdrawal of principal and are not necessarily profits. ◾️ Traps of Fees ・Even with zero sales fees, high trust fees are disadvantageous in the long run. ・Trust property retention fees are a cost unsuitable for short-term trading. ・Active funds often underperform the market average even with high costs. ・Cost differences arise even with index-linked funds depending on index selection. ◾️ Intentions of Sales Companies ・Financial institutions tend to prioritize products with high fee income. ・Rankings may be structured for the convenience of the seller. ・Switching proposals may be for the purpose of fees. ◾️ Pitfalls in Choosing Products ・Thematic funds are highly topical but have large price fluctuations. ・Monthly distribution funds have a high risk of principal erosion. ・Overseas asset funds have returns affected by exchange rate fluctuations. ・Even bond funds experience price declines in a rising interest rate environment. ◾️ The Truth of Index Investing ・Low cost and aiming for the market average are suitable for long-term investment. ・Risk and return change depending on the index. ・Global funds reduce bias, but the composition ratio depends on market size. ・Developed country funds have high stability but miss out on the growth of emerging countries. ◾️ The Effect of Regular Investing ・Dollar-cost averaging levels out price fluctuation risk. ・Long-term regular investment is likely to maximize the compound interest effect. ・Continuing regular investment even during a market crash lowers the acquisition cost. ◾️ Portfolio Management ・Manage risk by adjusting the ratio of stocks and bonds. ・Rebalancing prevents bias and stabilizes long-term performance. ・Understanding the correlation between asset classes is important. ◾️ Investor Psychology ・Reacting to short-term price movements tends to amplify losses. ・Buying high and selling low are typical failures. ✳️ Important! ⬛️ ◾️ ◾️ From the Seller ◾️ ◾️ ⬛️ ⭐️ No clippings: All pages are complete. Shipping method: The cheapest shipping method (as shown) ⑴ May be changed depending on weight and thickness. ⑵ Changes to packaging and anonymous shipping will incur an additional fee. Packaging: Plastic bag + packing material (brown envelope, etc.) ▶️ For convenience store/ATM payments, be sure to notify us of the "expected payment date" ⇒ ⚠️ If the deadline is exceeded without notification, the transaction will be canceled. Please see the profile for details. Feel free to ask if you have any questions.