Fund Investment Corner, Please share anything about Fund.
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 Jan 22 2007, 02:08 PM
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#1
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Senior Member
1,930 posts Joined: Aug 2005 From: o( *ﾟｰﾟ)┘miao^miao Status: Perm Banana  
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wow, i'm surprised there are a lot of ppl who buy funds by Public Mutual. though i'm still a very noobish newbie in this field, all i know is that, its like fixD right? just that the interest is higher when compared, despite being unstable.
surprisingly, some ppl get over 100K of interest annually, wow~ OT abit, hehe~ ad time. whoever needs a Financial Consultant, or a PMF agent, pm me. XD |
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Jan 22 2007, 02:29 PM
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#2
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Senior Member
1,930 posts Joined: Aug 2005 From: o( *ﾟｰﾟ)┘miao^miao Status: Perm Banana
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QUOTE(cherroy @ Jan 22 2007, 03:25 PM) Totally wrong. sry if i didn go so detailed, coz i'm still new in this. what i know is, initial money, is like Rm10k, then every month deduct Rm1k from bank account. and they use your money to "chao gu piao", thus the interest that you get when they sell the stock.Mutual fund is the money collected from you and invested in stock market or bond by the fund manager. So performance wise is related to the stock market or bond market directly that's why you see everyday the fund publish the price of the NAV which is up and down according to their investment portfolio. So there is also a risk of loss, not necessary certain gain. Just stock market in the long run especially well managed blue chips normally perform (but not certainly) much better FD rate in the long term.  yeah, my uncle told me, that 1st month, 10k will become 9.##k, then after a few months it will go up. so basically its still similar to fixD la, if wanna explain in simple. but so far, i hav yet to hear any loss from fund. usually when there's a new fund from public mutual, in an hr or 2, it will be sold completely. don play play o, no.1 in klse wo.  This post has been edited by don^don: Jan 22 2007, 02:31 PM |
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