no need extremely well... just positive returns would do, and PM will announce to the whole world.

much ado about nothing... because us simple investors only care about returns, only the positives ones, the negative ones good riddance!

i think somewhere inside there does explain why a recent fund, with 'incidental' income, and negative NAV per unit can gives a distribution.

yes, now has to pay to fiddle with the switching - because now too easy to do it online... previously it was too cumbersome doing it via the phone... press 1 for english...

my reason to stop investing new fund is due to the service charge... okay-lah pay service charge to UTC for first several years, but now after more than 10-15 years, and can do online, still want us to pay the UTC for no service... PM should revised the pay structure; I think UTC all kena con, because once they bring in a new customer, customer most likely to remain loyal and stay for life. How can they do like insurance agents, when we only buy insurance once in a lifetime, but unit trust is different... we keep buying till retire. Now i still not sure what to do with bulk of EPF when withdraw at 55; sure don't want to invest in PM.

oh, more people is joining my personal boycott campaign...

FYI, the fund I said I was interested in is a PB bond fund, and only open to EPF investment... so not going to pay the SC for new equity funds. Not yet anyway, as I guess PM will come around sooner or later. Damn sore because last time I put in EFF money was before 2008, before the new 3.0% for EPF was effective... double sore if there was some news beforehand and UTC did not inform me.

Pink Spider got the link in previous page... the debate was over when I called it kindergarten stuff and another poster got upset.

forgot to add... well done on the long post yesterday.

Cheers. Happy investing, everyone. Till we meet again.
j.passing.by is just passing by...

When you make a switch to another fund, sales commission or service charge is not lost; what was paid is already paid... yes, you will miss the rebound (IF, and it's a big IF, it ever happens).

Looking at its 3-year performance chart, it is on the decline since mid of 2011, with lost of about 25% from 22-July-2009 (if you have made a lump sum investment at this day), plus the service charge of 5.5%, it is a NEGATIVE 30%.

Since you're making monthly DDI, you have average out the highs and lows, and the depreciation is not likely to be as bad as 25%.

IMHO, you should continue and wait for its rebound before making any switch to another fund.

You could opt for a slight rebound, not a total rebound that will breakeven and recover all the lost, since this fund goes up and down very sharp and very quick... so don't hope to time the switch perfectly. Another method would be to switch out partially, about 20-30% at a time.

The main reasons in my suggestion to hold on and not stop the DDI is:
1) Unit trust is long term savings. (I prefer using "savings" than "investment".)
2) You are making monthly DDI.
3) Buy low, sell high. This is the mantra... if you switch out now, you're buying high, selling low.

All the best.

Hi all,

I have been browsing this thread on and off... and lately it seemed that most of the new posts and posters lost the plot of what Public Mutual is all about. I may be wrong...

To me, PM is old man's retirement planning, a financial tool for regular savings. What's the b****ing of losing money in 2-3 years all about? And comparing it to stocks & forex? It already has a high entry cost, and will lose 5.5% upfront when buying its equity fund, so why the hue and cry? Do enlighten me...

As mentioned, a unit trust fund to me is long term financial tool ("long term" in my definition is more than 7 years, and more like 10-20-30 years for retirement planning). It is long term regular savings; and the "wealth" is from your savings and you get "wealthy" from your job or business, which generates the savings. I have yet to hear of people becoming fabulously rich from "investing" in unit trusts, or maybe I'm wrong, as usual...

Yeah, in my previous posts, I mentioned losing some money in PM, but I don't blame PM or its sales agent. I understood that the "unit trust consultants" are sales agents, not my personal financial planners.

I lost money because I did not do "dollar cost averaging". And secondly I treated an aggressive fund as if it was a balance fund; and bought into it in a big lump sum (at the wrong time). In short, I treated unit trust as a one-time investment instead of being a regular savings financial tool.

Anyway, it is "paper" lost as said by one poster, as I have yet to make a total withdrawal from PM; and is confident that all would be fine when the current global economy turns around. In the meanwhile, I am starting another portfolio, and will (hopefully) get it right this time.

Cheers.

This post has been edited by j.passing.by: Jul 27 2012, 05:09 PM

If I had bought a lemon (insert car brand here), will it help if I pester the car salesman?

Yes, not a special case; in fact very common... but don't la give wrong direction; also maybe not easy to find that agent now after 4-6 years! So better vent anger here.

Thanks for the news... maybe the discount will be permanent in future?

Noted that when purchasing online, there is a selection on the agent code, and "NONE" can be selected. Maybe in future, more discounts can be given when no agent code is selected. If the commission is 1.75% for EPF investment, the online charge should be 1.25%...

It will be great if the online service is directly linked to EPF, no more filling in forms... have to go through several forms in my last purchase to get the thumb-print right.

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btw. the PMO is reputed to be fool-proof, maybe try whether you can change the epf fund from 're-invest'?

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INVESTMENT TIP
A bond fund has slightly better returns than FD; in fact a good bond fund can be better than EPF. (The sad news is that good bond funds in PM is normally closed for new investments.)

With Public Mutual Online and e-banking, you can easily purchase a unit trust fund in bonds (and re-purchase) online and transfer monies from your savings account (and back.) The charge is only 0.25%.

It is more convenient than transferring your money from savings to a Fixed Deposit Account.

The rate of returns is pretty linear in bond funds, and it is not significant to determine the date when to make the purchase, just as in making a fixed deposit. But unlike FD, there is no fixed term and no interest lost in early withdrawal.

The measly 0.25% can be recouped in less than a month.

Cheers.

Not too wishful thinking on the lower charges... just spreading the idea at every opportunity... and market forces will eventually prevail.

If "NONE" is selected, no agent will get the service charge either...

No, no, don't get me wrong... am not anti-agent, just telling the truth as it lays.... if "NONE" is selected, whether lower charges or not, no agent will get the service charge. If the agent code can be manually filled in, will be happy to fill in your agent codes.

I also invest in PB series; and went to the nearest branch or most convenient branch with easy parking previously; and now, the name of the agent in the online service appears as "PBB"; and it appears 3 times in the selection. Previously in the statements, the agent's name was shown, now just "PBB".... So I do think something will change in the near future. And maybe the online campaign is sort of a testing ground.

(No, I don't think all the 3 PBB agents had resigned, as the latest purchase was last month.)

If the service charge is higher, and other fund houses are more attractive, a smart investor would know where to invest. Am not disputing whether a UTC deserves the fee or not, but whether PM will get the business. This is what I meant by "market forces".

Cheers. Happy Investing.

Anyone know the reason behind yesterday sharp drop in Public Islamic Income Fund? It also happen to several other bond funds, but not as drastic as PIIncome.

EPF? Making extra huge profit taking and spooking the market again?

Or maybe some toll company in trouble because they got to give discount to the balik kampung horde next week?
(not all the islamic bonds got hit, mainly the infrastructure ones...)

no fancy analysis stuff here; but i think PIOF is better than PSmallcap.

btw good or not, PSmallcap is closed!

Q: Is it good or not to share info on funds? Maybe will get blame when it is wrong... or maybe fund will get too popular and closed before the recommendater get chance to invest!

"er.. i'm not sharing info on funds leh j.passing.by."

why not, eh? i come here to share info. If info is wrong, you guys can help to correct them. If people choose to act on it, and things went sour, we're all adults and understand the risks of "investment".

If the info is correct and of use to some posters or lurkers here, I don't think the chit-chat in this thread can move the UT market. (If it can, we should feel proud. )

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Added on August 11, 2012, 11:40 amI got hit by the recent drop in Public Islamic Income. It was the best bond fund that is not closed. Got to notice it by chance when switching here and there, then put in 10k on it early this month... so unlucky!



This post has been edited by j.passing.by: Aug 11 2012, 11:40 AM

Yeah, the drop is still a mystery, anyone?

btw. some may think this is nitpicking as the drop is about 0.5%, but it is in a stable bond fund where the daily increase is just 0.0001 to 0.0003 sen, then suddenly 0.0058 drop, wiping out all the gains for the past 40 days!



i think you got a point here, i don't read the weekly reviews too. They are clouting up my email too and i have to mark them as spam.

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sorry, newbie here... misinterpreted your post!

This post has been edited by j.passing.by: Aug 11 2012, 12:42 PM

lazy la... thought you guys are more informed.