Before you start up your investment plan, you must know what is your eventual target & time frame. How much would you need, 200k? 500k? 1 mil? 2mil? Then maybe we can work it out from there.

You too 'expert' play shares already. No need to play Mutual fund, it will be too boring for you.

Basically buying mutual fund is like buying shares, just instead looking at individual companies, you have to look at macroeconomics, in terms of countries, sectors & type of instrument. Example, if you think china is going to be 'hot' then buy china based fund. If you think china going to go down, the maybe sell or switch (to safer items like bond (just think of REITs) and then buy on the dip.

Indonesia's, cost of living (if u want the same standard) is much higher than Malaysia. No wonder everyone so poor. Last year inflation 11.9%.

Go to public mutual website, they have data up to 1990's.

It has been answered, you just want to ignore the previous answer as it is not definitive. So here to make it more clear to you.

1. There is NO limitation to the fund price. The price depend on the investment return and MINUS any dividends given. To maximize profit, choose dividend reinvestment option.

2. If you buy every 3 months now and sell 15 years later, you will likely to get profit, BUT how much profit is NOT guaranteed. There may be a slight chance that you may suffer temporary LOSSES as well. It depends on the Malaysia and world economy.

So there is no guaranteed answers. If you want guaranteed returns, go invest in ASB.

Can get side income to goreng shares mah. Or not you goreng with what capital?

Just becareful don't goreng until go to 14th floor. .... always have backup.

For me I use the rate of 10 Yr MGS (Malaysian Govt Securities) which is currently about 3.9%. 20 Yr MGS ia about 4.2%.

You can get this data from your brokerage firm, under fixed Income category.

Umm.. if you read in the annual report of the mutual funds you will see that, the trading/administrative costs are already charged to you. So in mutual funds, those with heavy turnover (ie. >1), you can expect to add another 2% as brokerage fees.

That is why I often select funds which have turnover not more than 2. otherwise the manager is trading and not investing for you.

Trading costs are not transparent, but it is better to ensure that the fund have policy of not accepting soft commissions. otherwise the trading costs will be relatively higher.

Turnover is not management fees, it is rather brokerage fees. It is how much value of your stocks are being traded. Each time a stock is being traded, the brokerage will take a small cut.

Turnover = Total stocks traded / total stock holdings

Well that is my view only, if turnover is >2, then that means twice the amount of stocks are being traded compared to the holdings. This will incur brokerage, stamp duty and also opportunity costs.

Well luckily most of PM funds are <2, that's is why I am invested with them. Some bond funds can have turnover as low as 0.1. However there are some funds which is secretly milking brokerage costs to their related investment bank, especially those without soft commission policy.

High turnover can affect the following:

1. High brokerage costs. You can see the total amount of brokerage cost in the annual report and which brokerage they transact with. (90% back to their own investment bank.. )
2. Soft commission policy. Some of the soft commission charged by the brokers are more like additional (related) perks to the fund manage but charged to the fund holders. Perks includes, furniture, computers, software, magazine subscribtion, overseas travel for meeting etc etc.
3. Opportunity costs. If a fund with such large holdings trade too often they usually cannot get good prices in the market due to the volume they are trading, and they usually have to buy up. (Stock trader's should know this ). Also if the fund is trading in and out what happen to the conviction of their picks?

Not all high turnover fund is bad, but those with the highest turnover usually do have a more tepid results.

It is never too late. But start up slowly but surely as you might put your capital in a risk that you cannot afford. Generally you might want to move to safer UT as you age, but... if you are wealthy and do not need the income for 5-10 years or so, by all means invest slightly more aggressive.

This post has been edited by gark: Aug 4 2011, 12:11 PM

If you have signed the re-purchase form, then there is nothing much PM can do for you. looks like the agent wants to withdraw and reinvest all the money for you so that he/she can have slice of the fee.

It is up to you if you want to reinvest back to PM or choose other funds since you already have cash in your hands. I started with PM many years ago, and now is increasingly moving to other DIY online fund distributors as I find most agents is actually more annoying (hard selling) rather than helpful (but there are few gems of agent albeit far far in between), so the extra 3.5%-4.5% sales charge difference is not worth it.

This post has been edited by gark: Aug 4 2011, 01:21 PM

Umm look under fund investment corner, this is a PM thread, otherwise OT.

However.. so far my UT's with the least turnover tends to have higher NETT return to me, so that is why it is one of the items I am monitoring, before I decide to invest in a future UT.

Anyway if you choose to ignore the turnover data, it is your right to do so.

This post has been edited by gark: Aug 5 2011, 01:30 PM

If you ask me, EPF has been consistently performing on par with other AAA rated bond fund. In fact I use my EPF as my 'bond' portion of my holdings. So IMHO, you do need any more bond fund, just invest a suitable amount in equity funds. Also remember to diversify properly as purchasing 3-4 Malaysian equity funds is not equal to proper diversification.

The amount of bond fund you hold depends on the risk tolerance and also your age. If you feel you are not able to tolerate high risk, then perhaps putting more of your investments in 'bond' like instruments.

You need to have a proper asset allocation though out before you proceed, and if you are a passive investor, rebalance every 6 months will do greatly.

I am targeting 30% bond, 20% Malaysia, 30% Asia Pacific ex. Japan, 10% Global & 10% commodities.

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Added on August 6, 2011, 1:01 pmYou got the right stuff to be a good agent mah, you are honest in helping those in need since this is not your 'rice bowl'. You should give it a go, think of it as charity work loh, by giving them 'rebate' on thier fees. But later don't become like other 'kam sau'.

This post has been edited by gark: Aug 6 2011, 01:02 PM

You might eek out some profits from averaging down, but overall most of PM non Malaysian funds is performing below benchmark. You get better performance form other oversea based funds.....

And both of these, Australia and Natural resources are hand in hand dropping like a rock.... Buy if you think iron, nickle, copper, oil etc is going up in the future...

This post has been edited by gark: Aug 13 2011, 02:38 PM