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 Public Mutual v2, PB/Public series

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cloud999
post Aug 12 2011, 03:59 AM

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Hi guys.

I think I got a bit serious problem here.

Yesterday, my dad called me and asked for my address here in KL. He said want to post a form (form for shareholder, something like that) for me to sign, then post back to him asap. Before we ended our conversation, he told me "current markets are not good la son".

FYI, I have no idea what this PublicMutual investment is all about, how it works. None. So I'm a bit worried now.

Sorry for disturbing u guys. Just need someone to talk to regarding to this situation. sweat.gif sad.gif
cloud999
post Aug 13 2011, 02:18 AM

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QUOTE(koinibler @ Aug 12 2011, 07:26 PM)
maybe he want to top up on his investment,
you as a jointholder need to sign it too ...  biggrin.gif

p/s; but top up not need joint-holder to sign, might be repurchase
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QUOTE(monsta2011 @ Aug 12 2011, 07:43 PM)
Or... judging from what his father said, he wants to withdraw all the fund immediately cos he thinks Wall Street is going to hit another bottom.
*

UPDATE:

He actually said that.

I received the form this evening. A request for switching form. Me as the 1st holder and my mom as joint holder. From what stated in the form, he want to switch my account to Public Islamic Strategic Bond Fund. That's it. I just need to sign and re-post to him.

I'm worried because the amounts invested in my PM account is taken from my ASB. Bad thoughts kept running across my mind now. But I guess for now, I have to trust him since I have zero knowledge on PM.

Do I really need to worry that much? sweat.gif
cloud999
post Aug 13 2011, 09:17 PM

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Joined: Feb 2008


QUOTE(koinibler @ Aug 13 2011, 04:08 AM)
I think you worried too much  tongue.gif
Its good that somebody is monitoring your account.
Your dad apply his exit rules, cut loss, switch to bond.

By the time the form back to him, he might already change his mind  laugh.gif
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QUOTE(kparam77 @ Aug 13 2011, 10:58 AM)
waht ur father is doing is for your own benefit, by managing the UT risk. i think u hv equity acc, so its good the switch to bond fund to safe ur money at the moment. when the market recover, can switch back to equity.

u shud happy/thank  ur father become FM for u.
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Thanks ya! laugh.gif

pheeww~ sweat.gif

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