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Public Mutual Funds, version 0.0
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kavman1984
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 Oct 9 2016, 03:04 PM
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Getting Started
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QUOTE(j.passing.by @ May 17 2015, 03:53 PM) That long running thread finally got closed.  Let's continue here... without any reference to any previous posts... a new reboot and new chapter to begin fresh, and travel to old worlds where mankind had gone before. Public Ittikal Fund Is this a good fund to invest in? Planning for retirement, 30 years. Intial investment RM10k ,then monthly RM500(30 years) Please advise if there are better funds out there. I am a noob in unit trust. How about Kenanga Growth Fund? = 10 years 384% in return |
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kavman1984
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Oct 11 2016, 01:51 PM
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Getting Started
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QUOTE(dasecret @ Oct 11 2016, 12:04 PM) I believe the original ittikal fund already closed for investment; they have the sequel fund now There are lots of better funds out there, they are not Public Mutual funds, you can filter for my past comments in this thread. anyway, the comparison of ittikal sequel fund and kenanga growth fund [attachmentid=7736634] Blue: Kenanga Growth Orange: Ittikal sequel Which one do you think is better?  So, if I go thru public mutual agent(part time), can U invest in Kenanga Growth fund? Sorry I am a noob |
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kavman1984
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Oct 11 2016, 05:46 PM
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Getting Started
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QUOTE(dasecret @ Oct 11 2016, 01:57 PM) No, public mutual agents can only sell public mutual funds. They cannot even sell Public Bank's PB funds I think A lot of us in this forum buy funds on a DIY online platform. The thread is here https://forum.lowyat.net/topic/4047177There are agents out there who can sell funds from various fund house except public mutual as well if you want to pay 5.5% sales charge I am looking to invest for 30 years(planning for retirement). Since Public Mutual, is the biggest and oldest, they offer stability no? My plan is : for initial investment: RM10k and then commit RM500/month for 30 years. RM1.5million is the target. Possible? |
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kavman1984
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Oct 11 2016, 06:08 PM
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Getting Started
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QUOTE(dasecret @ Oct 11 2016, 06:01 PM) Wa, u want this type of promise you should be talking to agents. I'm certainly not dishing out any promises to anyone here. Who knows? Maybe suddenly Public Mutual will wake up and start to give above average returns to investors eventhough they have not done so in the past 5 years No one can promise you that it'll be RM1.5 million by the end of 30 years; and no one should for a non-guaranteed product. Past performance is not a guarantee of future returns as well. P/S: mathematically, you need annual return of >10.5% to reach the desired RM1.5 million. But remember something, the RM1.5 million would be worth a lot less than today's due to inflation as well. Do you have any idea which public mutual fund that has the highest annual returns? My agent recommend me to invest in Public ittikal fund(he said annual return 8-12%). I want something with a higher return. Kindly advise |
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kavman1984
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Oct 11 2016, 06:23 PM
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Getting Started
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QUOTE(dasecret @ Oct 11 2016, 06:18 PM) Since I'm not charging you for my advice like UTCs, I'm not going to spoon feed you Here, use this website to find your answer http://my.morningstar.com/ap/fundselect/default.aspxWhy must you buy public mutual funds if your agent fail to convince you? Higher return is not free, you are taking more risk. Are you comfortable with that kind of risk I have other investments. This is just to main2. I dont mind higher risk. Hopefully can get higher return. The agent is my sisters fren. So, had to go with him. Plus Public Mutual won a lot of awards, surely stability is there in the company. Thanks for the links bro! Will study and learn more about unit trust  ))) |
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