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 Public Mutual v2, PB/Public series

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heliora
post Mar 24 2010, 04:52 PM

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QUOTE(gark @ Mar 24 2010, 02:10 PM)
That's why, wouldn't you prefer that they do not issue dividend at all so we all do not get taxed? If I want that some kind of dividend, might as well i sell of 5% of my units for my own dividend, since capital gain is tax free? So.. in conclusion dividend in unit trust is a waste of time.

For stocks is different as, the price of the stock does not necessary track the book value, so dividend gains is suitable and the price might continue to go up. Unfortunately unit trust track the book value known as NAV, which is guaranteed to go down after dividend issue.
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unit trusts are simply pooled investments in stocks and other things, and the NAV is the reflection of the underlying stock prices, so dividends from unit trusts are in essence the same as dividends from stocks

if stock prices go up despite dividends, it would push up the price of the unit trusts which have purchased these stocks too

so there really is no difference


in any case, having the option of dividends is better than not having it because some people prefer receiving dividends, some people want regular income; if you don't want, simply choose to reinvest, your total unit trust holdings value would remain the same
heliora
post Mar 24 2010, 06:00 PM

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QUOTE(gark @ Mar 24 2010, 05:43 PM)
If i choose to reinvest, i get taxed anyway. If they don't have dividend then i don't get taxed. Thats is why now i am moving to UT which do not pay dividends.  thumbup.gif
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i am pretty sure if you choose to reinvest you will not get taxed, correct me if i'm wrong though
heliora
post May 1 2010, 02:44 AM

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QUOTE(gark @ Apr 30 2010, 09:36 PM)
Well this is a PM thread... anyway just some of my 3 funds,  since I do hold many funds to diversify. I am sure you can 'google' their fact sheets.

1. Aberdeen Pacific Equity
2. DWS China Equity Fund
3. Templeton Global Bond Fund

All these funds are highly rated by lipper and morningstar.  drool.gif
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A question here, when you say you invest directly with them, how do you do so? Can you directly invest in these funds in Malaysia? Or do you have to open an offshore bank account or something?
heliora
post May 3 2010, 03:47 PM

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QUOTE(Dannyl @ May 3 2010, 01:13 PM)
Guys, got a newbie question here.  I've just signed up for Public Mutual Online.  Now I can see my Total Available Units and the latest NAV.  From there I know roughly how much money it's worth if I were to sell them off.  But what I want to find out is, where do I see how much money I've spent buying those units?  Meaning compare how much I've spent and how much I'd get if I were to sell them all today.

Thanks.
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You can click and open the fund's transaction details to check how much is paid compared to how much is invested. From there you can work out what's your net return based the amount paid initially when you sell, i suppose you can create a simple spreadsheet for it.
heliora
post Jun 21 2010, 08:12 AM

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QUOTE(reeve-826 @ Jun 18 2010, 03:32 PM)
Hi everyone!!
As i know fund have a contract period.That mean since u buy the fund,u have to wait until the fund end,only can get back all the cost invested and the % of earn.For exp,3 year or 5 year. If want to take out the money within the contract period, can not get the % of earn,and also need to pay the admin fee. What is this type of fund???

And another type of fund ,we can buy and sell anytime,however it is raise or drop its price,it does not include any charge.It seem as sotck.What is this kind of fund?

Otherwise,hope anyone can tell me there hv how many type of funds ??[SIZE=7]
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The first kind of fund you are describing is probably the capital-guaranteed funds, it's a kind of structured investment product, some are like fixed deposits where you get a fixed 5% every year and upon maturity you are guaranteed your initial capital, or more if the fund has higher return.

The second type of fund is ETF, exchange-traded funds, these are funds that track the index and are traded like stocks in the market, basically the return should mirror the KLCI in Malaysia's case, i forgot what the names are over here but i think CIMB just launched another ETF and altogether there are three.
heliora
post Jul 2 2010, 01:32 PM

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QUOTE(dannyme @ Jul 2 2010, 02:33 AM)
No offence to all the agents here. But I think i really need to rant a bit to vent my frustration on PM. Well,  isn't the very idea of buying unit trust to let the 'professionals' handle our(noobs') investment?  Isn't the service charge and annual fee fees for their 'wise and wonderful' decision making? But what do we get at our end? Not only couldn't they perform better than the index benchmarks, nor at the same par as the benchmarks (which i think even my illiterate grandpa is capable of. Yea, i'm being sarcastic) they actually underperformed!! Is this kind of rip off the Ponzi scheme of the 21st century?? Selling something(investment skills) which is nonexistent? This is really like the case of AIG's CEOs getting those fat cheques for their failures! So, am i the only fool led to believe that I'm a noob who needs all the help from these so called 'professional' fund managers to lose....i mean 'invest' my hard-earned moolah (while at the same time getting a chunk of it) or is there anyone of you out there who feels the way i do?
Once again, no offence to all the agents out there. I know you are just making a honest living....but all these underperforming managers should really be shot!!

PS: I'm only referring to PCSF and PBCPEF
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By definition, the average return of all different funds will approximate the average return of the market, since all these funds make up the market.
In other words, in the long run, it is very hard for any particular fund to beat the market.

As far as i know, Public Mutual has performed better than the other mutual funds here. So you would need to point out which funds have performed badly and compare them to other funds and see if they really have underperformed. I guess it is not fair to say PM sucks without comparing to other funds, and one bad fund doesn't equal to all funds bad.

Personally 5.5% is too much for me to swallow, so i'd rather invest in index ETF, which isn't all that common here and doesn't have much liquidity, so i guess i'll resort to picking my own stocks.

But to buy bonds i think it's good to invest in PM bond funds since there is no easy way for retail investors to purchase bonds and it's only 0.25% service charge.

This post has been edited by heliora: Jul 2 2010, 01:35 PM
heliora
post Jul 3 2010, 09:39 PM

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QUOTE(idunnolol @ Jul 3 2010, 04:43 PM)
Are you sure the annualized return is so high when arithmetic return is only 1.9. None of the calculators can back it up

here's a link to some calculators below
http://www.gummy-stuff.org/petrovski.htm
http://www.dinkytown.net/java/AnnualReturn.html
http://www.money-zine.com/Calculators/Inve...ent-Calculator/
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perhaps you didn't include the dividends but only calculated the price difference?
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