Would you give up 1/3 of your future wealth just to invest in unit trusts, or a mutual fund? I'm sure most of you would agree that having a third of your portfolio value eroded in this way would quite clearly make this a bad investment tool to even begin with. Can you imagine anyone who would pay so much for such a type of investment? The funny thing is, there are plenty of people who do. Despite the growing availability of financial literacy tools today, many people still choose to put their money into unit trusts or a mutual fund, which charges investors in return for professionally managing their money. For the newbies, this is often done at the recommendation of their financial advisor or bank relationship manager. Case in point: After my post on saving $20,000 seemed to become the new financial milestone for a Singaporean to ......