I went to the bank today, there was an issue with my application so need to resubmit some documents. All should be fine soon I guess, will wait for their update.

I submited the application form to the branch just now, will wait for them to mail me the id & password. Else I will go & apply myself via the atm. Thanks.

This post has been edited by infernoaswen: Oct 9 2014, 01:45 AM

There is no 0% service charge for equity funds. Public Mutual is quite consistent on service charge. Even promotion, the discount will be 0.25% only, mean service charge of 5.25%.

Not stated in PM website... but cannot confirm, as some info not stated in its website too.

Like the closing of PIOF... no notice, no email, nothing - and I have PIOF, and they have my email address. Bad, lousy service... I don't need emails on market updates... I need important notifications!

So many thanks to those who informed here on the impending closing of PIOF. Got a chance to increase the fund last month - even though the small cap index took a dive yesterday!

Yeah, another bad service. It seems like a regular problem - the counter staff not in good terms with the sales agents; and not informing the sales agents when there are incomplete documents. I think they are hiding behind a standard policy that the agents have to call & check.

If I'm correct and that there is such a policy, it is idiotic... the customer is the agent's customer, and not a customer of the company?

I got an email regarding the closure of PIOF on 4th and 10th September, which memo dated on 28 August and 10 September respectively. Perhaps, PM only rely on their agent to relay the message to their respective fund holder.

Yeah, if you got the email either because you are an agent (UTC) or from your agent, then it confirmed my suspicion that Public Mutual do not regard us investors as their customers, but their agents' customers. Very bad service...

And the question still remains, why did they not post this notice on their website. It has a very specific section for news, events, and announcements...

( just pretending to be angry.)

Cheers.

Fresh from the press:

Australian sharemarket dives after horror week.

http://www.smh.com.au/business/markets/aus...010-114bon.html

- Take a look at the performance chart on the Aussie fund. Its benchmark is S&P/ASX 200, adjusted to ringgit... it has given up all its YTD gains of about 10% since early Sept, now underwater -3.xx%. With today's drop of 2%, it will be about -5% YTD.

And the million dollar question: Will it go further down?

yes pls!

... not very helpful to those deciding whether to get in or not, in the next 30 minutes (before the 4pm cut-off time.) LOL

helpful... ie. dont lar get in yet
IF U want more value
or
"margin of safety"

TQ. You had just put $1 million (worth of advice) into my pocket.

Now, logging off the internet; to watch Najib...

yes, it may go down again next week.

wait & see for now

LOL I was wondering why Dow was selected as benchmark when I've bookmarked S&P 500 to gauge the US market/economic situation ...

It’s time to ditch the Dow Jones Industrial Average.
http://www.marketwatch.com/story/its-time-...rage-2014-10-10

Public Select Mixed Asset Fund (PSMAGF & PSMACF) to be launching in Oct 16, 2014. (Tentatively is this date)

hi munkeong,

your statement caught my attention, how do you calculate MOS for mutual fund? appreciate your sharing...thanks!

Based on the fund's benchmark index.
Check index's PE & PB VS historical median/average, index's mid-long trend, etc.

eg.
looking at:
http://mystocksinvesting.com/stock-market-...ce-11-oct-2014/
http://markets.on.nytimes.com/research/mar...orldmarkets.asp
http://finance.yahoo.com/echarts?s=%5ERUT+Interactive


This post has been edited by wongmunkeong: Oct 12 2014, 02:03 PM

Great ... more new funds.

Not sure if good or bad timing though!

This post has been edited by David83: Oct 15 2014, 02:29 PM

dear all sifu sifu .... wongmumkeong, david83, xusen, j.passing....etc.
pretty new to this forum but been investing in public mutual and do mthly DDI
planning to consolidate my funds, please suggest which to keep and which to sell
my funds... all local funds..... don't know what I'm doing is correct or not...
PDSF, PIDF, PRSF, PISEF, PFSF, PISGIF & PIOF.
thank you for sifu-sifu advice.

What is the reason behind the consolidation? I don't think David means to say move to new funds, it's a typo, and it should be "more new funds"; in reference to Public Mutual marketing habit of introducing new funds when the market has rallied for some time and new investors wanting to join the bandwagon.

I still stand by my previous post on 'yearly champions' and that funds will rotate among themselves on the ranking list; so it is best to spread your holdings to a handful of funds instead of being too selective.

PIOF is already closed to new investments. If you have DDI on it, don't stop.

Other funds, same thing too... don't stop the DDI or any other regular purchases. Except for one which was recently launched, all of them are stable funds which would be on anyone's recommended list.

Since you are following a regular purchasing strategy, then you already knew what you are doing and the reason behind the strategy. (Which is to average out the market ups and downs.)

So follow through, and continue the DDIs and regular purchases.

Why can't I make additional investment for my PRS-Public Growth fund through Public Mutual Online (PMO)? Don't see such option available, only for Public Mutual fund only...

thank you for your kind reply.
reason for consolidation is to reduce the number of funds currently holding.
fyi, i went into DDI not so much on regular purchasing stragegy but rather as a forced saving approah.
one more fund I hold is PEF. this is good to hold?
thank you again...