You have to start somewhere.
It's important to understand what the manager is doing. You should believe in what he's doing. All (investing) styles have dry periods.
People need to be careful. See what you're paying for the perk.
Independence is very important.
For the individual investor, it's going to require a lot more scrutiny. Just because it's a brand new fund doesn't mean you have to buy it. Just because a sector is hot doesn't mean you have to invest in it.
I think the most salient issue right now (in the industry) is how to make a buck.
Yes, advisers are there to do well for you, but if they can make a buck off of you they're going to.
For individual investors, the moral of the story is diversification, ... The top three funds are income funds. That says something. These are staid companies, with some bonds.
It (diversification) is not a bunch of hooey, ... Are you going to be able to sleep at night if you lose half your portfolio?
People want services. They want to be kowtowed to, to be pampered.
Look at it. Make sure it's the one you want.