my agent told me that P Ittikal will be closed for investment on 16 June?
Ask me to do standing instruction to keep money going in?

Any comment?

HJebat, i wish i am rich - perhaps richer than the church mouse but not by much

And no, i've NOT conquered almost everything i can get my hands on - conquered to me = able to teach and reason the stuff out to either my mum (70yrs old) or my girl (5 yrs old) If they cant understand, that means theres still "something not quite right" yet with my methodologies & reasonings.

Yup yup, playing strictly lemming (follow the leader) is, IMHO, offloading the responsibility to others instead of stepping up for oneself. If no responsibility, then mana boleh "make it better" & grow?


Gold & Silver
I was not early enough to learn the basics - interested in Gold & Silver, yes in 2008, learned enough during then no - thus, normal chicken-style, stayed out until i know more.

Now know a bit of basics, thus staying out as investing in currency / money equivalent and/or commodities DIRECTLY is not my cuppa yet.
BTW, i am investing in commodities via my "agent investment" at NAV, i find it fits a niche and for such a small amount, it's just a hedge


PAGF & PSSF via EPF reasoning:
PAGF
+ highly aggressive, thus a diversified approach better IMHO
+ smallcaps aint my forte in direct investments, thus leverage on PAGF
+ can hold up to 30% of foreign equities (PAGF was just "allowed" into the EPF scheme late last year or early this - i'm cant recall off-hand)

PSSF
+ sector rotation / sectoral , other than asset allocation, i've read somewhere (let me dig it up if U want to see see, like the value averaging thing), statistically makes a good return
+ again, this approach (sector rotation) is highly aggressive + i'm no expert in such an approach, thus diversified approach better IMHO

So far, my PER TRANSACTION gains from PSSF & PAGF outstrips PIX, thus i cut PIX and channeled the $ to PAGF

BTW, your mileage may vary - im using Value averaging (thus i want volatility) + im my own agent (kam sau to myself ) thus, my cost is lower + i have some stats that makes it personally attractive to me (due to my own donkey approach).


Bro / sis - if U think PIttikal is your cuppa, go for it. If U "was-was", then dont.
U do know how much U are making / losing up to now in %pa for your investment into PIttikal right? If U dont, pls go poke yr agent for the info. Remember, get the net profit/loss %pa or CAGR, not the donkey GROSS profit/loss.

This post has been edited by wongmunkeong: Jun 12 2011, 10:08 AM

Which online discount funds distributor are you using and what are the commision rates?


This post has been edited by MGM: Jun 12 2011, 08:59 AM

Can consider them actually.
Everything comes with a risk of course. But since economy should be going to peak in the end of the year, am expecting most of the local region Mutual Fund to perform as well.

anybody can introduce a broker for me as im interested in public mutual fund

don't think they're called broker, just agent.
for me, its better someone that you can meet face to face,
so someone near your location.

why public ittikal drop so much?

http://www.bloomberg.com/apps/quote?ticker=KLITTFI:MK

Lucky move half of my ittikal to AMB value trust

http://www.bloomberg.com/apps/quote?ticker=MAYVALT:MK

[quote=MNet,Jun 12 2011, 08:54 PM]
why public ittikal drop so much?

http://www.bloomberg.com/apps/quote?ticker=KLITTFI:MK

Because recently it just paid out the dividend .

Each time.. When fund declare dividend, after dividend, it will drop based on how much dividend is being declared.

Example.

PEF is at 50 cents per unit.
Declare 10% dividend, or 5 cents per unit. for FYE 2011.
So, after the "X" date, the PEF unit will be priced at 0.45

Public smallcap fund underperform lately. Smallcap indices rise, this fund falls. Sigh. So called the best fund under mid-cap category in malaysia.

All funds got it's seasonal luck, sometimes it under perform and sometimes it over perform. If you go chasing after the best performer, usually you will be disappointed with the performance due to simple reasons.

a. Since it is a 'hot' fund there will be many people dump money into the fund
b. Once the manager receive a lot of money, his hand is forced to invest, otherwise those money sit in deposit earn peanuts
c. The manager see nothing much of value, so have to buy something, anything.....
d. end up buying overpriced equity.. end up under perform or low performance
e. Other people see the fund not doing well, withdraw and goes to another 'hot' fund
f. And the cycle continues again... and again...

Never chase 'hot' funds, they will tend to underperform if a lot of people chase em. Best if good performance funds shut their doors and don't open them again.

Goldman Sach Inc had previously upgraded Malaysian market, as Malaysian market is being eyed as the next good upcoming growth nation in SEA.

So when FF come back to Malaysian market, things will be better.

This post has been edited by Bonescythe: Jun 13 2011, 02:02 PM

This fund already closed. If not chase after hot fund, we should look at what fund then? Normally i refer to lipperleader and morningstar. But got to agree this fund i think need at least 3 years to see the return. Buy peak during 2007 and break even early 2010. So holding power is important here

I think hot funds are much better than those new funds. Especially those with good record since 10 years ago.

This post has been edited by mois: Jun 13 2011, 02:01 PM

I think the best mindset would be "Any $ put into investments must be $ unneeded for >=5yrs". Thus, no urgency

The fund re-opened recently, lots of money flow in due to funds 'historical performance'. For me I don't look at fund performance over short term, usually need to gauge >5 years, ideally 10 years. Earning stability is much more important than one time performance. Also look at the fund turnover, if it is more than 100%, that means the manager is actively trading and not investing. I hold smallcap fund since 2001, so I am not the least worried. Lipper and Morningstar are good guides but your own due diligence is more important. Also look at the overall stock market PE ratio before you buy, to avoid getting caught during bull run. Now KLSE's PE ratio is about 17x, 2011 forward PE is 15x is it cheap or expensive? You decide.

Indeed But youngsters mindset gonna be like "put in $$, must see money after 1 month".
Honestly i think investment really need a good mindset and good emotion control. Some people say short term investment is bad because might get burned. Is this really true? I see some of them make a decent profit.

This post has been edited by mois: Jun 13 2011, 02:15 PM

WTA
What is the best bond fund currently still open under Public Mutual? What you think of Public Select Bond? I need to have an option to park all my equities funds when the market is experiencing serious downtrend.
Tks.

as for now, 'best' bond fund opened for investment is PBFI

Mois, my momma says if we play with fire...
If we need that lump sum of cash within 1 yr or worse, in a few months' time, AND we gungho threw it into an Equity mutual fund, i bet U statistically that person will be BURNT. I dont want to bet against statistical probabilities

Of course, unless they have a crystal ball OR the market has fallen 40% or more (less risky, but still time-risk to "return to mean" is there VS need to use that $ in several months) lar