Walau, another hard rebound on today(or yesterday) NAV x .x . Izzit really just another 'dead cat bounce' or real rebound?

I think monday maybe will increase little bit due to 2012 budget. I hope it get lower, haven't reach my target to pump in more money lol

I don't think KLCI will rise on Monday, coz that 2012 budget is not that impressive to middle range income category citizens.

This post has been edited by debbieyss: Oct 8 2011, 12:27 PM

yeah kinda disappointed.. very sad budget..

Lousy budget to con more EPF..
Use EPF for cronies... Add 1% more, so more fund to suck out from u

Exactly.

1% of income below 5K, give it 4.5k lah, 1% of 4.5k = RM45, what can a RM45 do nowadays? Enough for petrol or for food? Somemore RM45 got to leave in EPF and can't withdraw.

Eh - dont lar like that sis. Big Gov giving spendable $500 cash per household wor for households below $3K pm.
$500 wor - can tah pao lunch for work like 3 to 4 months OR save my mutual funds' average value when i buy in using lump sum of $500!
They are so kind - i sure vote them wan.... IF i was born yesterday

This post has been edited by wongmunkeong: Oct 9 2011, 05:36 PM

Eh... we are talking about 1% EPF increment, not the RM500 cash per household, also, this budget plan is very brief only, who knows only Bumiputra entitled for RM500 cash per household?

bwhahah - yar lar, in addition to the great +1% employer's EPF mar, got $500

BTW, most folks who went woohoo on the +1% may not "get it" that most employers will most probably deduct the $50 from our monthly pay increment or yearly bonus.

Let say you are 25 years old:

RM45 x 12 months x 30 years (55 years old retire) = RM16,200 + some interest

ok lar

How many people can get RM4.5K per month salary at age of 25?

Secondly, RM16K only, let say you want to go overseas trip once a year when you are retired, Japan trip is RM5k per person (exclude inflation rate lar..), you can only go for 3 Asian countries in 3 years time only. We aren't talking about medical fee yet! I was told even a grave + simple funeral ceremony costs about RM20K.

Money not enough lar wei!!

This post has been edited by debbieyss: Oct 9 2011, 09:44 PM

err... simple funeral + cremation (ie. EXCLUDING grave plot) for my dad in 2002 was $20K+ leh. Nowadays, no idea inflated to how much

if dun have some saving, better dun die nowadays, keep working until have enuf money to die

BTW, household income less than RM3K only can get the RM500...household means husband and wife and children...if young couple today dun earn more than RM3K/month in total, I dunno how they can survive and how the RM500/year can help them... Anyway, this is out of the PM topic

This post has been edited by mars1069: Oct 10 2011, 12:03 PM

Why share market drop one ??

Can't believe it

me too, was thinking will up a bit...hopefully end of the day will bounce back. BTW, last Friday's KLSE closing was up a bit but my fund PISTF dropped pulak, kanasai betul Luckily my PFES increased 3%+, this 1 more important coz bought with cash

Bro - dont need to BELIEVE for markets to rise/fall.
Local sentiments are bad/miffed at Budget 2012 (popularist / sandiwara budget that doesnt do squat in effect)
+ Foreign sentiments are edgy on Europe's issue & USA's "moping around" economy "growth".
Fundamentally (and mentally ), nothing's changed yet and the freight train's still coming.

Just make sure our personal economy is stable and we'll be able to come out stronger as long as the filthy grubbing Gov hands are off our wallets

This post has been edited by wongmunkeong: Oct 10 2011, 12:07 PM

Public ITTIKAL Sequel Fund launch on Tuesday

KUALA LUMPUR: Public Bank's wholly-owned subsidiary, Public Mutual is launching a new Islamic fund, Public Ittikal Sequel Fund (PITSEQ) on Tuesday.

PITSEQ is an Islamic equity fund that seeks to achieve capital growth over the medium- to long-term period.

Public Mutual's Chief Executive Officer Ms. Yeoh Kim Hong said "The Malaysian economy is expected to show resilient growth of 4.8% and 5.3% in 2011 and 2012, supported by sustained consumer spending and growth in the services sector.

"Investing in PITSEQ gives you the opportunity to participate in the growth potential of the equity market through Shariah-compliant equity investments in a diversified portfolio of index-linked companies, blue chip stocks and companies with growth prospects that are listed on the Bursa Securities."

She added: "PITSEQ comes with free takaful coverage on Group Term Life with Total and Permanent Disability plus Group Personal Accident for unitholders aged between 18 to 59 years with a minimum net asset value (NAV) of RM5,000 at any point of time. Terms and conditions apply."

To achieve increased diversification, PITSEQ may invest up to 30% of its NAV in selected foreign markets.

The foreign markets which the fund may invest in include Singapore, Taiwan, South Korea, Japan, Hong Kong, China, Thailand, Indonesia, Philippines, India, Australia, United States of America and other permitted markets.

The equity exposure of PITSEQ will generally range from 70% to 98% of its NAV.

PITSEQ is suitable for aggressive investors who wish to participate in the medium- to long-term growth potential of primarily Malaysian Shariah-compliant equity investments.

The initial issue price of PITSEQ is RM0.2500 per unit during the 21-day initial offer period from 11 October to 31 October 2011.

The minimum initial investment for the fund is RM1,000 and the minimum additional investment is RM100.

During the offer period, special promotional service charges as low as 5% of initial issue price per unit are extended to the purchase of units of PITSEQ.

Investors who opt for Direct Debit Instruction with PITSEQ during the offer period will enjoy a special promotional service charge of 5.25% of NAV per unit for as long as the Direct Debit is active. Terms and conditions apply.

PITSEQ is distributed by Public Mutual's unit trust consultants. Interested investors can contact any Public Mutual unit trust consultant or call its Customer Service Hotline at 03-6207 5000 for more details of the fund.

Public Mutual is Malaysia's largest private unit trust company with 90 funds under management.

It has over 2.5 million accountholders and as at 29 August 2011, the total net asset value of the funds managed by the company was RM42.4 billion.

i just attend the new fund briefing this morning .... look challenging for this new fund and look for new client

Still need to use the famous name ittikal,
Don't know unit trust also had sequal!!!

Maybe to slow to get increase limit from sc for ittikal???

Marketing gimmick ma....