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 Public Mutual v2, PB/Public series

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8181
post Aug 7 2011, 02:04 PM

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I've recently invested in Public Mutual Funds. The agent was saying that for funds like this I should let it roll for as long as I can since we are charge 5% for every money invested.

But there is one thing which I don't understand, she was showing me a graph from a customer of hers which has a buy in price, something about when the price goes down we can buy and make a gamble that it will go up and when it goes up we can sell.

Can someone enlighten me?

*I'm asking this here and not my agent due to certain personal reasons
8181
post Aug 7 2011, 02:18 PM

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QUOTE(wongmunkeong @ Aug 7 2011, 02:09 PM)
Gambling with mutual funds? Sure lose 5.5% upfront first, then try to win back? Hm - i've never thought of it that way before bro. New idea  tongue.gif
*
Haha I'm new in this, and since I'm trying to diversify my funds, thought I'll invest in Public Mutual as a long term investment. But given the records of PM funds from a positive point of view it shouldn't be that bad?
8181
post Aug 7 2011, 03:25 PM

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QUOTE(wongmunkeong @ Aug 7 2011, 03:12 PM)
Even gamblers (those that win) have a plan - entries, exits, selection of game, rate of ruin thus sizing per bet, etc.
Have U a plan yet?  brows.gif Other than roll the dice and let them ride lar  tongue.gif Tak de plan = main tikam sahaja bro.

Bagi kohng ci-kei! blush.gif
*
To be honest I haven't got any exit plans, am just planning to inject funds every year. Maybe you can enlighten me what are the best plan to have?

QUOTE(kparam77 @ Aug 7 2011, 03:13 PM)
8181;

Unit trust is investment, not gamling.

simple is, u buy unit for cheap and sell back for higher price for profits in long term. ur buying price (average price)  will cheaper over the time, becuse of accumulation of units. (re-invest the dividedns + regular top up or apply DCA).
more details in http://www.pk31-publicmutual.blogspot.com
*
Sorry. I've used the wrong word to describe the scenario, yes it is investment. And thank you, that was the thing I was referring to, buying cheap and selling high. Will read through the blog.
8181
post Aug 7 2011, 04:04 PM

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QUOTE(wongmunkeong @ Aug 7 2011, 03:57 PM)
Every year inject funds.. ok.. more details are needed to make a plan.

If the market crashed next year, U inject same amount?
If the market runs up crazy next year, U inject same amount?

When will U take profit?
OR U'll let it roll/ride until U reach 55? or 65?

There's no "best plan" to have. The best plan is the plan that U created for your own wants, time line and goals  brows.gif
*
Right, I get your drift. But for the time being I'll just let it ride and reinvest the dividends (If any).
8181
post Aug 8 2011, 10:08 AM

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QUOTE(wongmunkeong @ Aug 8 2011, 08:04 AM)
Yes yes yes! I'm my best agent and customer  brows.gif
*
If only I had read this thread earlier. doh.gif
8181
post Aug 8 2011, 10:32 AM

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QUOTE(wongmunkeong @ Aug 8 2011, 10:28 AM)
It's never too late bro, even if you're 50 coz got another 20 to 30+ years ahead. With the miracles of science and good clean living, may even have another 40 to 50 years (from age 50!) tongue.gif
*
Haha I was referring to being my own agent and pocketing the comm. blush.gif
8181
post Aug 8 2011, 06:36 PM

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QUOTE(monsta2011 @ Aug 8 2011, 06:23 PM)
By the way do you think RM70K is sufficient to go for investment? That is all that I have in bank  blush.gif
*
Sikit Sikit menjadi bukit, my rule of thumb, always diversify. biggrin.gif
8181
post Aug 8 2011, 06:54 PM

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QUOTE(wongmunkeong @ Aug 8 2011, 06:41 PM)
Yup but i wont go banzai and dump in one shot lump sum, UNLESS the market fell like a stone already and U see the heart beat nearly flat.... then ok. Even then, i'd suggest lump sum 50% only, hold the other lump sum until U see the trend is starting to go up. Just my thoughts - no hard & fast rules.

Before investments, U've covered all the other stuff like i've mentioned? if not, U better cover those first - imho, any $ ear-marked/dumped into investments should be thought of as $ gone into a timehole for 5 to 10years, ie. cant touch this (hammer time!).

Reason: If U suddenly need the $, U may be forced to sell at a loss.

Added on August 8, 2011, 6:44 pm

Careful your diversify doesnt become die-worse-ee-fy tongue.gif

eg. U buy fund A & fund B & fund C & fund D & fund F... not know ALL THESE FUNDS are buying/holding Stock 1001 at maximum allowable levels (ie. 10% of total $).

IMHO, best diversification is ACROSS different ASSET CLASSES
eg. stocks (excluding REITS) VS bonds VS MM VS properties/REITs
*
biggrin.gif Yes, I meant diversify in different assets, currently in property, commodity and funds. At least this are the ones that I've identified which do not require 24/7 monitoring. Any other ones I've left out?
8181
post Aug 9 2011, 10:20 AM

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QUOTE(wongmunkeong @ Aug 9 2011, 09:18 AM)
» Click to show Spoiler - click again to hide... «


All subsequent contributions for mutual funds DOESNT INCUR THE 5.5% FEE IF USING SWITCHING. That's the concept of "how expensive/cheap in % vs transaction value OVER TIME Stocks Vs Mutual Funds"  i'm trying to convey.
*
I'm still in the blur when you say all subsequent contributions for mutual funds doesn't incur the 5.5% fee. Do you mean if I switch my current PM saving funds to another fund this will not incur any 5.5% fees?
8181
post Aug 9 2011, 11:05 AM

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QUOTE(wongmunkeong @ Aug 9 2011, 11:03 AM)
Spot on - no fees other than maybe $25 per switch.
*
Got it, thanks. By the way the Twinvest book is it written by Mr. Lichello?
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