QUOTE(cheahcw2003 @ Dec 2 2014, 01:12 PM)
Bad timing if launching any new fund.
Public will suspicious govt in need of funds badly.
Especially when govt cut subsidy, petrol price drop to historical low ( we are net exporter), currency depreciate against usd and sgd, bursa drop tremendously...
there's some people who would blindly "invest" in ASx fund esp old folks & noobie. Public will suspicious govt in need of funds badly.
Especially when govt cut subsidy, petrol price drop to historical low ( we are net exporter), currency depreciate against usd and sgd, bursa drop tremendously...
like what happen to me today. Bank staff tried to promo me ASG, telling me the fund give me 7% p.a (way better than ASM, ASW etc. which give around 6sen+). If I'm not well inform, surely I fall for the trap.
like we all in LYN know that variable fund NAV would "drop" after dividend distribution unlike fixed price fund. The so-called 7% p.a are deducted from NAV.
Dec 2 2014, 06:02 PM

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