guys i wanna ask about elite gold member. It says that we need at least 500k in order to become an Elite gold member. 500k means total money we have in PM or just pure capital? thinking to top up another 3k to become one though.

This post has been edited by mois: Dec 11 2010, 07:25 AM

The initial charge is 7% for AMB? Indeed it is performing better than Ittikal. Where to buy this fund? Which bank?

Im doing engineering course but doing part time thing as an investor ..Mutual Gold is just like elite membership..RM 100k in equity fund i think. Elite Mutual Gold = 500k.

anyone switching their equity to bond fund now? cny is coming and alot investors pull out from stock market..i plan to lock my profit but my agent keep saying let it stand the market's upside down for 3 years..500k if lose 1% a day mean Rm5k lost. 2008 crisis back then my agent did nothing on my funds.

So comment or advice?

This post has been edited by mois: Jan 18 2011, 10:54 PM

If want something safer can opt for public bond fund(safer) or public money market(safest i think). Then after CNY, can switch back to equity if the market is stable. We are on high tide anyways. Have you consult your agent?

Depends. U want long term investment? If long term investment, can invest by dollar-cost averaging.

Sigh. Just wanna share something. Just a lesson i learned. Few days ago, i was discussing with my agent about to switch over bond fund because investors are pulling out from the market due to cny is coming. Volume trades of course drop alot.

So my agent told me, "dont too rush, if u can put 5 years consistent u will get return more than 50%". I was like . He told me if got big crisis only that consider me to switch. "IF not after u switch to bond u cant switch back to equity fund"-->why cant switch back? i thought switching is allowed anytime. I ask him why cant switch back, and he said "If market go up faster then how u switch back? If market down u can go back." So i just diam diam

Here is what i thought and observe. During the last few weeks rally in the stock market, im sure everybody here gain alot from it. So last week, i was planning to lock my profit which worth 30k since december until now. Lock profit for now, then if cny is over and trade volume is high(i assume investors are coming back) and no bad news over regional markets, i switch back to equity funds. Sadly im too young and i could not afford to do my decision myself, so i diam diam again and just follow the agent advice. So for yesterday, the NAV price for most of my equity funds drop 1%+. It costs me 5k-6k lost in a day.

I know unit trusts are meant for long term investment and is a risky asset( less risky than stock). But i got the times (since im a student) to do some researches. Im willing to follow the market condition daily too. If I follow my own decision, i could have avoid the big drop. Any comments, guys?

What? I thought agent only earn money if we invest. Got trailer fees also?

guys, under the rule of switching in PM, it is stated that if we do frequent of switching under 21 days, PM has the rights to reject.

My question, how often is often? i want to lock profit / cut loss in the future. Dont want to repeat same mistake.

Sometimes only bro. . If nothing big happen, no switch. Yea quite aware of the potential profits if i switch at wrong time. That is why i nothing to do i monitor currency movement and stock market (regional markets) plus some more i chit-chat alot with my uncle who has like 12-15 years of experience in stocks. I cant deny fund managers are indeed professionals, but we have advantage when there is downturn or profit taking activity, right? . I have a break-even in this year, good rally but end up break even for last 2 weeks. .Now too late to switch already. Can rebound back anytime. . And yeah it is really bad to time the market based on our emotions. Need include alot of factors and risks involved. So much things to learn, i thought just simply dump money into UT last 6 months which i think quite lucky because the bull is still running.

For asset allocation, I will think about it. If market is stormy and no direction, 40% equity 60% bond should be good right? For now, i think i will invest ASW2020 until it maxed out. UT and shares for me, too high . Might make loss due to 5.5% charge.

Actually doesnt matter. Still the same. U get more units but the NAV will be adjusted to that the amount of money u have in that fund before the distribution. Last time i also think the same thing as you

anyone still holding equity fund? drop badly today.

Public bond fund charge is 0.25% right? It is closed? Available for additional top up if my account for Public bond fund still active?

Yea a lot of people lost confidence for the market at the moment. Bad news are more than good news. And i have already switched my fund to bond. Profit around 10-12% havent include 5.5% hefty charge. . My agent totally ridiculous. I told him to do the switching, he told me many people start to invest alot after prices fall few days ago. And say few more things to encourage me to hold.

Yeah it is normal people will buy when the price drop. And it is normal to sell when the price is high too. Anyone who invests a large volume at this like this will bear a higher risks, no? But in conclusion, we have to do some homeworks not just dump money inside UT

what happen to bond funds? all drop alot

I lost rm2k plus in public select bond fund. Overall almost break even only

Since early may i think. Previously i was holding equity funds

If you look back at PSF performance, actually it doesnt perform really good compared to public regular saving fund. UT vs stock market, it depends. There are so many counter in stock market, some are very volatile and some are not. UT fund like PRSF invest mostly in heavyweight counters which are bluechips. IF CI(composite index) up 1%, most funds will up around +-1% as well.

If u invest RM6k and the return is -28.32%, it means u lose RM1699.2. You calculate it this way. -28.32%/100 x RM6000 = -RM1699.2.