hi,i m here to share my thought.if me,i will set my target for everyday what i can save to spend less money other than waste the money!!income-target=expenditure!

js my cent!

I believe the CDS account I open has restrictions right?

If I open it with OSK, can I use it to trade in Maybank Online Stock? Or can I purchase IPO with it?

There are some you have to open under a nominee which you cannot use to buy IPO.

I would prefer those that I can buy IPO, online stock etc.

If you use Mayban Securities firm to trade then you need to open a CDS with them, if you trade with OSK then a OSK's CDS account is needed. So a person can ended with multiple CDS account which is not cross-link between securities firm.

A CDS account is just an account that keep your share in it instead of issuing a printed copy of share certificate, that's all.

Anybody knows about the forex investments seminar happening in Legend Hotel? The price is RM389 inclusive of lunch. But I'm jus wondering is it worth the money meaning to say, is it really good or what?

Any investment or financial planning magazines recommended?

smart investor is ok, my boss recommends personal money though...what do u guys read ??

These two magazines are in english? I read chinese magazine, Money Compass...

yup, they are in english, money compass -> 精明理財? thanks, will look at it

Yes, money compass is 精明理財.

No, i don't think so. For confirmation, U could call agent service,
PB income and PB growth, any thing pertaining PB series, that one direct public Bank..

Fund vs Fund By Fund Type From 01 July 2003 To 06 October 2006

(Fund-1) - PUBLIC ITTIKAL- PUBLIC MUTUAL Return 56.08%
(Fund-2) - MAA MUTUAL ALFAID- MAA KL Return 40.71%
(Fund-3) - SBB DANA AL-IHSAN - SBB Return 14.65%
(Fund-4) - MAYBAN DANA IKHLAS -MAYBANK Return -15.03%
(Fund-5) - AMITTIKAL - ARAB MALAYSIAN Return -16.65%

i think this 1 very fake.... alot of seminars going around recently

Public Mutual mostly have returns exceeding 50% for 3-5 year period which is quite ok but i prefer stock market

http://money.cnn.com/popups/2006/moneymag/...ules/index.html

Money Magazine 25 Rules to Grow Rich By

Dreamer

Going seminar is good.But the more pepople joining it,so couldn't focus much on it.I myself just learn it by trial n error usimg virtual fund/paper trade.Rite now, many people offer class for forex as low as usd 50..

hey what u guys think about china ren min bi currency?
Can invest onto it?

if china sustain too well, they will float it...so it depends ....not sure worth to invest currently...

You know I was calculating whether unit trust is really worth it or is it just hype. So I took one as an example and benchmarked it against the FD to see whether it is really good or is it all hype.


Name of Fund Public Growth Fund

Category of Fund Equity Fund

Approved Fund Size 4.5 Billion Units

Launch Date 11 December 1984

Investor's Risk Profile Moderate




Fund Objective
To achieve long-term capital appreciation with income considered incidental.



FEES & CHARGES
Service Charge 5% - 7% of NAV per unit
Repurchase Charge Nil
Annual Management Fee 1.5% per annum of the NAV
Management Expense Ratio(%) 1.56 (for Financial Year Ended 31 July 2005).


Annual Trustee Fee
0.06% per annum of NAV, subject to a minimum fee of RM18,000 and a maximum fee of RM450,000 per annum.


For fund financial report please go to
http://www.publicmutual.com.my/page.aspx?name=PGF

go to review, register and download the report

Now


Assume I have RM100,000 and I invested on 2004 (since they have only 3 years data shown)

Beginning 2004
Service charge for purchasing = RM6000 (average service charge)
Total investment = RM 94,000

Annual return 2006 = 4.78%
Annual return 2005 = 12.3%
Annual return 2004 = 16.79%

Investment value end 2004 = 109782
Management fee = 1700
Net Investment Value = 108082

Investment value end 2005 = 121376
Management fee = 1820
Net Investment Value = 119556

Investment value end 2006 = 125270
Management fee = 1879
Net Investment Value = 123391


End of 2006 Sell
Sale value = 123391
Service charge = 8637
Total amount = 114754
Net profit over 3 years = 14754
Annual returns = 4.918%


FD returns

4.2% for 36 months (3 years)


Now the point of my post , take a look closely. The unit trust "supposedly" has an average annual return of 11.29%(I think this is considered on the high side) for the three years but after cashing in on the profit you realised that it ONLY ouperforms FD by 0.76%. Can you imagine if the fund annual returns was just average say 7-8%.

Where did all the money go?
1.) Management Fees charged annually. This fees can go up to 3% REGARDLESS of how the fund is doing.
2.) Service charges. Every buy and sell are charged 5-7%.

So if a Unit trust fund boast on high annual returns, please do the maths and calculate how much the fund need to perform to cover all your "losses". I notice most of you just take annual returns figure without taking into account these factors at all.

Now do you still wonder why hundreds of million has been lost in unit trust as reported in the newspaper?

Drian : if not mistaken,
2.) Service charges. Every buy and sell are charged 5-7%.

they only charge that when u buy not selling.

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This post has been edited by lipkhin: Dec 1 2010, 02:36 AM

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This post has been edited by lipkhin: Dec 1 2010, 02:36 AM