Many people use unit trust as a trading tool. They complain whenever the fund dip by 0.1% and complain when the fund only goes up by 1%. Performance of the fund is important but when performance measurement is done over just one day, two days or even one month period, it is going to get quite meaningless.

It is obvious that such concerns could be a demonstration that such investors have invested beyond their risk appetite. That's the problem of do-it-yourself (DIY) strategy. DIY is for people who understand themselves well enough. Sometimes as humans, we don't even understand ourselves!!

Some investors make their first investment through advisers and these advisers, unfortunately, failed to measure the investors' risk appetite accurately. Perhaps the main aim for these advisers is to SELL SELL SELL! I pity these investors. They probably better off being a DIY investor since both situation is the same but the DIY investors pay less in commission.

By the way, risk appetite can change due to
(1) Age
(2) Occupation
(3) Significant changes to one's family or financial situation
(4) Increase/decrease in wealth
(5) Education (investment and non-investment related)

Risk appetite isn't static and can go both ways (towards more aggressive or towards more conservative).

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