Mr Wong,

Thanks for your explaination.

i understand the time line factor, what i m try to understand is
1) DDI in place since early 2008
2) market bottom end 2008
3) market high late 2010

a) as such DDI would have effectively average the buying price, however, it is not the case as PCIF shows a negative 23%. should i continue to dump money into unprofitable funds? so DDI for how long?

b) by comparison, Maybank, CIMB, PBB shares which followed the dip and rebound has recovered its losses incurred during post 2008? why haven't the funds recovered as well? How can the stock market which is preceived to be riskier recovered while so called safer instruments failed?

now Mr Wong, i know you have an explaination, however i prefer agents who are promoting and sell these funds or working with unit trust companies to answer. Mr Wong, you may PM me instead if you wish.

and to agents here, don't ride on Mr Wong's previous postings. 

kparam77,

my reasons for comparing funds & stocks, market has dipped and rebounded. You stated DDI to average down the cost but even with the market rebounding, the fund is negative while stocks are positive. 

what is the reason? 

are you saying china, taiwan, HK and whereever PCIF invested, the stocks have not recovered?

in other words, you are saying malaysia have recovered but not other countries. share your thoughts.

can you share with us why overseas funds has not recovered while local funds has recovered? why has this happened? and keeping this in mind, is DDI a wise choice or are there better alternatives? let's not beat around the bush. treat this as me sitting in front of you asking you for an answer. 

can you share with us why overseas funds has not recovered while local funds has recovered? why has this happened? and keeping this in mind, is DDI a wise choice or are there better alternatives? let's not beat around the bush. treat this as me sitting in front of you asking you for an answer. 

Yes, KLCI can be speculated easily now, as our EPF is the largest fund in the stock market. EPF plus PNB, can have a significant control on the index.

So far, the main portion of china fund is still H shares, so looking at HSCEI is the most appropriate, but at the same time, still need to look at Taiwan index, TWSE.

I am not agency manager, but only a normal unit trust consultant with no ranking. Sometime, high rank people might not be interested to know so much, as they are more focus on sales I do this for my own interest, so still no rank after so many years

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Added on January 11, 2012, 11:00 am

For sure, if the fund has no future, no matter what's your investment method, you will still suffer from loss.
In my case, I compare the investment method regardless of the fund's prospect, just compare the method. DDI is a wise choice, as nobody can time the market. And again, it's not the best choice to get max return.

To invest in anything, for sure we have to understand how the investment works and we have to spend some effort to study which fund has good prospect and suitable for your portfolio. This is prior to what method you want to adopt. If you have failed in this step, sure no matter what's your method later, you might still be failed. This applies to stock investment or even properties investment.

Again, you have to understand it before you invest any. So, don't just do investment decision by listening to those agent or so-called consultant (even I myself is an unit trust consultant ). Unless you have engaged some professional financial or investment adviser who is independent from the investment companies, but he gets rewards directly from your pay.

I have purchase some Ittikal Fund for investment before the door close. Do this fund still perform like its history and pay good dividen?. Thinking of swap to other counter like Public Ittikal Sequel Fund, can some UTC or siful advise me on this?

But by limited the fund to EPF investment, and nearly full subcibe,  does it have effect on the unit price in future? i means that now is 0.83xx, can it perform better to 0.9 or 1.00 in  a few year time?

I'm having some units in PIF currently. Any better fund to switch to?

I had invested into Public Mutual Fund since 2008 (an initial of ~2k and 200 more per mth, DCA). And friggiting frat - I only got 5% in total due date (notice it's not per year. counting by per year it should be like... 1% PA?)

I understand that this fund is pretty risky (80% equity), but still I think this fund is much under performed. Any input on my situation? Is it worthy for me to switch to something less risky like saving funds or something?

PGF to me is OK, but you are seeing a very low return % by paper because of that DDI you are doing. You should have known by now each time you invest you are being charged 5.5%.

I can only agree with you partially. The question was, why after so many years the return is still thad low. And, given the fund annual return is 8%, losing 5% to SC means we are getting 3% in general by doing DDI. Of course, some years the fund sucked... good times, 12%?

Myself I only got 2 funds using my EPF: Regular Saving and Islamic Money Market. I am planning to switch Islamic Money Market to Regular Saving or Public Bond. What do you think?

ya i know money market growth is like FD but i am too afraid to put everyone into aggresive fund. so, thinking to put it into bond fund. even though regular saving is aggresive fund, but it looks pretty stable too. so, still thinking which one to put. now wongmunkeong recommend me a few more funds somemore

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Added on January 27, 2012, 6:32 pm

thanks for the info. i think my agent looks like a bit retired already. 

What is DDI stand for? Anybody can help me.

ya, that is my strategy. if market koyak badly, then only i consider to switch from money market to buy from the dip. that's why i put my allocation 50% aggresive (regular saving) and 50% conservative (money market). 

Can a non bumi buy Islamic one?

My agent didn't recommend to me and invest Public Mutual Select Fund till now no return. making loss. 

Dont cut off the nose to spite the face.

The "lousy" agent gets 0.2% PER YEAR (yup U read that right) of loaded funds held only - ie. bond fund units that was never switched from equities will never be part of the loaded fund (KPARAM & TRANSIT, pls correct me if i'm in lalaland)

The cost of EXITING all funds and RE-ENTERING with a different agent will cost yr siblings:
5.5% for equity funds via cash
3% for equity funds via EPF
0.25% bond funds

Why lar? Just stop putting additional $ in and start, if wanted, with a better advisor.

Just a thought 

Then previous this statement is bullsh#t ?
Joking only. 
Market will keep on going down for 3 years above?
Market cannot down for more than 3 years?

Nikkei has been going down for more than 20 years until now.

S&P 500 after 10 year still making a loss until now.
Nasdaq only 50% of its 2000 dotcom bubble.

China SSEC from 2000 until 2006 did not make a gain.

Not to mention 10 years of 1.5% management fee already can mean nearly 12~15 gone even if without the fund making a loss.

a lot lousy agents around u n me..tats y i choose 2analysis myself.n learn from other sifu..
as wat i noe..agent A & agent B hv 2under same GAM...the chance to get transfer is very very minimal..pray hard 2success la.
regarding the PCSF..because of its bad performance since the year of commencement, so now a lot of investor repurchase their unit. indirectly it oso affect its performance, so i tink mayb its 1 of da cons of open-ended fund...

i forget whr i had read bout 1 article relate to this PCSF, they say act PCSF is performing, jz the NAV n timing not right so until now stil generate loss..

bt if is me i wont invest in PCSF la..im nt so dare enuf..

above jz my 2cents ya..correct me if im wrong.