Yeap, no fund managers are doing anything passive.
If we want something passive that really tracks KLCI, better go for ETF
It has brokerage of lower than 1% I think, but there is no active management in it.
Unit trust is attractive (even if tracking stock market) because it is not really passive at all.
If you would like to know, check the transaction cost factor (TCF) to determine if they are really passive.

This post has been edited by dzi921: Feb 6 2008, 11:06 AM

DJIA drop 300+ pts yesterday....Asia all drop...KLCI today oso drop..all taking back their money for CNY...

Really volatile...while DJIA seems to b in recovery mood, suddenly it went down again.


Anyway...now CNY, dun wan to think too much, just celebrate!!!


Happy Chinese New Year to everyone. May you all have a prosperous year of Tikus...Gong Xi Gong Xi!!

The problem in US could take more than a year to recover.
Whatever rises in between would be short lived.
So, do not expect much even if Dow rises continuously for few days.
As what kingkong brother said, enjoy the holidays and take some time off work Happy Chinese New Year.

The image tags appears as blank to me... Can other people see the links?

Loaded successfully. No problem at all!

Talk like an expert odeli.

Haha, I do not dare to take such a compliment.
There are many experts here, so don't make me shy

You should be using the " Seminar Selling " concept to market PM, rather talking to "one to one". I believe you have all the talents to do that in a successful manner.

Just my humble opinion. Do not intend to flame you.

I think this is not the time yet, as I am just a humble beginner in the agency.
I also have invested not longer than some of the sifus here
Saying that makes me think that I am a fool lol

Anyone looking at PBCPEF or PCSF?

Have they reached the bottom yet, or could drop further?

Their NAV has been in a roller coaster trip. It's not the bottom price but could be considered low.

To answer if it could drop further, this will be not that predictable and tough to answer that judging from the current situation.

Buying Unit Trust is like investing in shares, however you need to consider a longer time horizon like at least 3 to 5 years to see the real returns because of the ups and downs of the markets worldwide.

There is no such thing as to buy the lowest and sell the highest. But you have to ask yourself whether there is any potential for the fund to grow such as PCSF for medium and long term.

In Unit Trust, we always advise people to do some dollar cost averaging especially when the market is moving downwards, because you tend to get more units. If the price subsequently go up, you would benefit from this
practice.

In practice, investors choose to invest when market is good ( high ) and stop investing when market is bad ( or low ). I would not say this is the wrong way, but the returns might not be that effective as dollar cost averaging method.

As evidence from the past, investors using the dollar cost averaging method tend to gain more. The dollar cost averaging always works well with Asset Allocations meaning you would take advantage when market is high by switching to bond fund part by part. switching back to equity when market is low.

People say there is no right or wrong way of investing, but you have to be open minded and prepared to hear what others have to say. From there, you make your own decisions.

I may not be answering directly to your question, but just want to share with you another Option that you may want to consider. WE want to work out a win-win situation for our customers and us.

This post has been edited by SKY 1809: Feb 19 2008, 07:42 PM

>> Buying Unit Trust is like investing in shares, however you need to consider a longer time horizon like at least 3 to 5 years to see the real returns because of the ups and downs of the markets worldwide.

I agree, subjected to caveats below.

>> There is no such thing as to buy the lowest and sell the highest. But you have to ask yourself whether there is any potential for the fund to grow such as PCSF for medium and long term.

Certainly not the most lowest or most highest because that is going to be difficult to predict. The "potential" for a high-risk fund like PCSF is difficult to define because of its volatile nature. For eg at the end of Oct, 07, it was at the peak. Then it dropped to the lowest point on 22-Jan, 08. The difference between the two points is something like 41%. If you get in at the wrong time as a lump sum investor, its going to take a looong-loong time to recover.

>> In Unit Trust, we always advise people to do some dollar cost averaging especially when the market is moving downwards, because you tend to get more units. If the price subsequently go up, you would benefit from this
practice.

Which is what I'm getting at in my previous post. Buy some when it's down, but you could buy less now or hold off until later *if* you think it's going to go down further.

>> As evidence from the past, investors using the dollar cost averaging method tend to gain more. The dollar cost averaging always works well with Asset Allocations meaning you would take advantage when market is high by switching to bond fund part by part. switching back to equity when market is low.

This sounds like what a balanced fund should do for you, but what you need to do yourself with mostly-equities funds. Which is exactly what I'm getting at in my previous post - buy some equities when it's low. How much and when is the question. Alternatively, as you say, do it part by part.

>> People say there is no right or wrong way of investing, but you have to be open minded and prepared to hear what others have to say. From there, you make your own decisions.

Sure.

>> I may not be answering directly to your question, but just want to share with you another Option that you may want to consider. WE want to work out a win-win situation for our customers and us.

Always useful to hear other opinions, even from a Unit Trust agent.

This post has been edited by howszat: Feb 18 2008, 11:18 PM