A businessman deposits $1m into a bank. Down comes the relationship manager with 2 proposals that total, you guessed it, $1m.

2 hot funds plus a universal life plan were proposed. A whopping 5% sales charge was imposed but there was no attempt to asset allocate at all. The investment was split into 1 hot gold fund and another hot bond fund. The investments were pumped in straight away without any attempt to dollar-cost-average. There was also no attempt to study the characteristic of the fund and the current market condition...