[quote=wongmunkeong,Jun 10 2011, 11:05 PM]
Bro Next Gen, U are stating the obvious and preaching to the converted leh regarding not trusting agents .

However, i can't really agree with U that:
a. We can't see the last performance of the fund - as an indicator. Given statistically, Fund A's 10, 5 & 3 yrs CAGR = 10%pa VS Fund B's 6%pa with near similar Sharpe Ratio & Standard Deviation for all those years ending now, which would U put $ on?

b. New fund being better.
Dude, which probabilities and statistics are U basing this INFORMATION from? Can share?

As we know, all fund manager want target better performance for years by years..
n most of investor also want hav a good fund that giv good return...
from my opinion, for instance Public Ittikal or other fund will start with low amount of NAV..
its depend on fund manager, is it they hav many years experience in managing fund or not...
n we also know about the fund more details such as wht company that they invest most?
are they invest in the listed company? (u know edi right about the requirement to become listed company)
is it the company hav a good track record/performance?
there is factor that we must know, like Public Ittikal Fund...
in 1997 n 1998 decline of economics. they just decline in -13% but others company or market is almost -40..
this is show that how strength the fund n the company that the fund invested.

You forgot Pittikal dropped nearly -40% during 2008 crisis though

As investor, it is always important to keep some updates on the world economy, and do not invest blindly, or follow completely to consultant. Unless your consultant is good, and gives update during different market sentimental.

If I would to recommend, I will recommend PEF, or PIF as it will be easy to monitor. Local newspaper will be reporting on the local business news.
Most of the Mutual Fund objective is to outperform the KLCI, and they use the KLCI index as a benchmark.

During the 2008 crisis, a lot of mutual fund drop, and some even drop more than 50% and had not recovered since. But some investor in stock market, also burn more than 50% of their capital, and went into insolvency. Pity those who uses loan to finance investment at that time.


This post has been edited by Bonescythe: Jun 10 2011, 11:17 PM

What about PB Growth Fund? Worth investing? Seems not bad

Next Gen, when Did PIttikal start ar? 10th April 1997, in the year when SHTF of 1997 & 1998.
Thus, they started buying / filling in the fund with stocks during THOSE years.
THUS they bought cheap, it wasnt the strategy OR the management of the fund that was good, it was luck.
+Like what bro Mois pointed out, Pittikal ALSO dropped nearly -40% during 2008 crisis though.
+FYI from 10th April 1997 to 9th Mar 1998 (1yr), PIttikal dropped 6.3%+. If i took later dates into 1998 before it stablized, PIttikal even hit 8%+ drop

Please note that i'm not saying PIttikal isn't a bad fund, i'm just stating i dont agree with "new funds" being better based on your reasoning. If U have other statistics to prove your point, please share them yar - i may have missed something . My apologies if i seem to be statistical and numerical driven - "i feel, i think" without evidence doesnt fill my curiosity and continuous search (the hunt for knowledge continues...). I'm anal that way

BTW, PIttikal is, IMHO, an average-y fund - look at it's 10yrs, 5yrs, 3yrs and 1yr stats for years ending 2007, 2008, 2009 & 2010.

Eh, U think a listed company means it's a great company? Transmile, MClean, etc. - ring any bells (of horrors)?

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Added on June 11, 2011, 7:31 amHJebat, yup yup - exactly my point, we wont know for a new fund AND some agents keep BSing us that it's new and cheap
If the fund's portfolio fits our needs AND it has relatively good history, i'd be more confident.

Yeah yeah - past performance does not blah blah future performance. I wonder if that's the case, then how do we hire new staff and also trust good old friends that has a good history... . History may not be 100% accurate as a future indicator, but it sure as heck beats jumping in blind

This post has been edited by wongmunkeong: Jun 11 2011, 07:31 AM

Can somebody enlighten me why we need to care about fund's price? If it is about fund, the only thing i care is the fundamental, past performance, good track record and some other details. Unlike stocks, the stock's price matter a lot. You dont see support/resistance in Fund's price

The PB China ASEAN Equity Trust Fund for 3 years statistic is top 3. I think it is good for invest.

True to what Mois say. Why we care so much about the fund price of a fund. In a fund, the price is just an indication of a figure. It doesn't meant any value to the price. Why people just like to asking around and say "wowwwww, ittikal is so expensive, cost around 80cent++". Ridiculous right? What we care about is the performance. We bought our fund in NAV unlike stock market.

In stock, we care about the numbers aka the price because it is the price that we PAY for the unit/lot that we get! do you afford to get BAT? British America Tobbacco. The price is around plus minus 48 now... and heaven! if the fund price is 48... who cares.. we still can buy the rm48 fund/unit with rm1000.

CHeers mate~

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Added on June 11, 2011, 8:33 amAgree with you too. Me myself as an agent. I see and observe "kawan" beside me that do hard sales like this. What I think is like, they earn the commission but did they care about how their customer feel?? All agent sit for the same exam for the license and the exm is meant to help ppl in future planning. But they just think the other way round. their mindset before and after the exam is the same... the purpose of sitting for the CUTE is to make them look cute and doing sales that they dunno what the main purpose is and what stuck in their brain = $$$COMMISSION$$$

Feel so disappointed with all this kinda agent and thus in chinese we call it "puo huai shi chang" XD

This post has been edited by kuance: Jun 11 2011, 08:33 AM

not all consultant is good and give update to all thier client.. how about if they hav 400 clients... is it rationable for consultant giv update to all thier clients?

Dude, 400 clients or cows to be milked?
All i hear are excuses - if an agent has 400 cows, i mean clients, U'd think he can afford to hire help / assistants right? It is a business right?

This post has been edited by wongmunkeong: Jun 11 2011, 12:18 PM

Aiyah, my agent haven't even spoken to me for up teen years already. Only once a while send e-mail telling me got new fund. also maybe because he always ask me buy this and that, I don;t bite unless I did my due diligence.

That's why now buying all my funds from online discount funds distributor, cheaper and get same service.

The UT fund consultants days are pretty much numbered, look at US or Europe with the amount of no-load funds, unless can give 1st class service. Those ex-consultants have to move up the value chain to distribute hedge funds...

This post has been edited by gark: Jun 11 2011, 12:26 PM

Hello,

Would like to ask opinion / advice. For the distribution / dividend for mutual fund. Is it advisable to get pay out? Pay out means issuing the dividend cheque. And then bank in to own bank account. Or the other way round? Whereby to keep the distribution in fund?

Please advice ya..

Thanks...

Choose re-investment option, then your dividend will buy more units, and give it chance to compound. Take the payout only if you need the money.

This post has been edited by gark: Jun 11 2011, 01:12 PM

For me, the distribution is too tiny. I just choose to reinvest.

compared distribution with unit split which is more preferred ?

distribution is too tiny ... care to share how u quantify tiny.. ??

just curious, regarding agents..

previously i have a few funds under my agent(friend)..

can i buy new funds with another agent ? eg old funds old agent.. new funds that i buy with new agent..

so i like got 2 agent like that can ?

This post has been edited by JinXXX: Jun 11 2011, 03:01 PM

Yes U can.

eg. U have PAGF with Agent 1, PAGF a/c number 10001 + PAGF with Agent2 10002

When U switch to PBOND for both, you will be having 2 PBONDs, 1 with Agent1 say a/c 20001, 1 with Agent2 say a/c 20002.

and when U switch again back to Equity, A/C20001 goes back to A/C10001, and A/C20002 to A/C10002 (assuming U switch back to PAGF lar)


Now if U think the above is , factor in that EVEN if same fund + same agent and 1 via EPF, 1 via cash, U get 2 accounts as well!

This post has been edited by wongmunkeong: Jun 11 2011, 04:25 PM

Last time i checked (a long, long time ago, sometime in 2010), most PM's funds consist of Tenaga, CIMB & PBBank in its top 5 holdings.

Since we have no control in any buy & sell call in UT, wouldn't it be wise to just add those 3 (or either 1 ) into our own portfolio instead of putting money into UT that consist of rojak companies that we have no idea/confidence of? [putting aside diversification topic].

We get to go to the AGM, do not need to pay for the fees/charges & get to make our own buy/sell call...
What's your view pulak?

what the heck ? , then when i ask my agent to generate statement will it contain all my funds from agent 1 & 2 or

agent 1 generate only agent 1 and agent 2 generate only agent 2.. ??

HJebat, heheh - unsure whether most of PM's funds consist of those counters or not.

Sorry ar, my bad - when i mentioned "Fund's portfolio", i meant how the fund is going to be invested, eg. dividend stocks, index stocks, sector rotation, far east or China only, big / small caps, etc.

Yr idea sounds like "follow the leader" 'ala see how Buffet invest and just shadow the fellow right? That's an option heheh - i'd rather go with my own reasoning & logic though, for direct investments. At least i've my own "entry/exit plans", what i term as my biz plan, for each transaction or program, no one else to blame except myself (plus can learn)

FYI - i mostly use EPF a/c1 to do mutual funds (PAGF & PSSF).
For cash (only a small % of my total assets), i specifically go for PFES, PRSEC & PFEPRF - foreign and not country specific. Chicken lar

The rest of my cash is directly in stocks, REITs, bonds & properties ( like as if i have many properties pulak).

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Added on June 11, 2011, 4:50 pmEach Agent can "see" only your accounts serviced / leeched (depending on whether theyve yr best interest or moo moo) by them only, thus can print their own views only This is, i think, a matter of privacy for the customer where agent MYOB.

Go register for Public Mutual Online - U get a holistic / all in one view

This post has been edited by wongmunkeong: Jun 11 2011, 05:06 PM

yeah been saying that to myself for the pass 1/2 year.. damn lazy wan go pbank/pmutual office to register.. hahahahaha

i finish work they all close already..i go work they all not yet open.. sat/sun they no open.. sienzz