Peter Yaw Osei, a seasoned Chartered Financial and Investment Analyst, has encouraged the public to play an active role in their investment decisions, urging them to demand transparency and clarity before committing funds.
Speaking on ABC News’ “Business Fix” on Thursday, October 31, 2024, Osei emphasized the importance of not taking investment choices lightly.
“If possible, go to the regulator to ask if they are certified,” he advised, underscoring the necessity for investors to verify credentials to safeguard their financial security.
Osei pointed out that the right questions could make all the difference in aligning with a fund’s true objectives.
“Ask if they are actually investing in that fund.
If it’s an equity, are they investing in equity?” he stressed, urging investors to ensure that fund managers are adhering to their mandates.
This transparency, he noted, allows people to make informed decisions and hold managers accountable, ensuring their money is placed as intended, whether in bank deposits, real estate, or various other financial products.
Exploring options available to both low- and high-income earners, Osei outlined a range of investment opportunities suited to different income brackets.
He highlighted treasury bills for short- to medium-term gains, along with corporate and government bonds. For those seeking medium- to long-term growth, he recommended fixed-income collective investment schemes.
“There are investment options for all, it doesn’t matter if you are low or high income,” he reassured, suggesting that financial growth is attainable across economic backgrounds.
Osei concluded with a critical reminder for investors to understand their potential returns.
“If you are making any investment, always ask for the benchmark. So you know the returns to expect on the investment,” he said.
