I don't believe I have done any criticizing apart from pointing out the facts, ie, the big players can and do get it quite wrong. In other words, nobody (or at least very few) really knows what the short term future holds when it comes to the stockmarket (short being say your example of 6-12 months).

My investment approach to equities is no different from what any Unit Trust Agent would tell you - you have to have a long term view, and long term being normally quoted as at least 3-5 years.

Did my above statement imply to ask people to go for short term investments of 6 to 12 months ?

This post has been edited by SKY 1809: May 5 2008, 12:14 AM

As I said, no arguments about this pricing forward, based on perceived future earnings.

But what people think will be the case is a very poor indicator of what will actually be the case. There are too many other factors that people just cannot predict. Let's take Bear Stearns - how many of those investors who were until recently singing its praises had expected the company to effectively collapse?

It's a big slice of the pie in recent events.


You don't need my permission - What you believe is up to you. But the saying "those who can do - those who cannot teach" did cross my mind.

My interpretation of what Buffet said is this - if people have priced down shares because they think things are going to be bad, it's time to buy. What Buffet didn't say is - you must also know what you are doing.

---

Added on May 5, 2008, 12:55 amNope, I didn't say you said that.

Don't take things too seriously or personally

This post has been edited by howszat: May 5 2008, 12:55 AM

I see no body is interested in the Consumer Theme Fund.

I believe this fund should do reasonably well in time to come, consumer spending is strong in Asia ( Malaysia could be exceptional ).

The way I look at it, Bursa could under perform this year.

Official press release on the recent fund distribution:

Public Mutual declares distributions for 3 funds

Public Bank’s wholly-owned subsidiary, Public Mutual declares distributions for three of its funds. The gross distributions declared are for financial year / period ended 30 April 2008:

Public Islamic Dividend Fund - Gross distribution of 2.00 sen per unit
Public Far-East Balanced Fund - Gross distribution of 1.75 sen per unit
Public Islamic Asia Dividend Fund - Gross distribution of 0.40 sen per unit

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow said Public Islamic Dividend Fund is an Islamic equity fund that aims to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. “Public Islamic Dividend Fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary”, he added.

As for Public Far-East Balanced Fund, it is a regional balanced fund which aims to provide income and capital growth over the medium- to long-term period. This fund is suitable for medium- to long-term investors who prefer to receive income and a respectable measure of capital growth. It comes with free insurance coverage of up to RM100,000 per qualified unitholder. Terms and Conditions apply.

Meanwhile, Public Islamic Asia Dividend Fund is an Islamic equity income fund that seeks to provide income by investing in a portfolio of stocks in domestic and regional markets that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields. This fund is suitable for medium- to long-term investors with preference for receiving income while capital growth is secondary.

Public Mutual is the largest private unit trust company in Malaysia, and it manages 62 funds for more than 1,800,000 accountholders. As at 29 February 2008, the total NAV of the funds managed by the company was RM27 billion.

URL: http://www.publicmutual.com.my/page.aspx?n...rls_050508_1540

From wat I see....Far-East Consumer Themes Fund (PFECTF) have benefited from the rising prices of food & products. We can see it move quite well up recently.

Then again....in future, i would said it still has room for growth...like u mentioned, consumer spending is one major factor. Another one factor would be the stability of world economy...if oil prices stabilizes & US economy recover...we might see a good consumer spending ahead....

Malaysia...wat can i say...it is still lagging behind all its Asia's counterpart. Provided with our recent political instability, it seems this year might a bit slow. Even when regional market is going in tandem with US recovery, Malaysia seems to b always left out. All the foreign investors are looking at regional market which offers better growth & stability.

The potential for growth is there, but it can be fully utilised until Malaysia settled its internal political problem.

That is the beauty of investing in Unit Trusts.

For investments with cash, you do not have to depend on Bursa. You go where the potentials are.

You can hardly buy foreign companies ( with operations in oversea ) listed in Bursa. Of course, you can invest in call warrants, but could lose a fortune if not careful.

Fund Switching to oversea investments is so simple. Do not really have to monitor the local politics.

This post has been edited by SKY 1809: May 6 2008, 09:46 AM

Dear Unitholder,

We are pleased to attach the market wrap for the week ended 2 May 2008 for your information. Regards Customer Service e-mail proclaimer This e-mail and any attachment is intended for the addressee(s) only and may contain information that is legally privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication and its contents is strictly prohibited. If you have received this email in error, please notify us immediately by return email or our hotline 036207 5000 and delete the document. This communication has not been transmitted via a private or secure link or in encrypted form and is therefore subject to the usual hazards of Internet communications, nor can it be guaranteed that this communication has not been the subject of unauthorised interception or modification.

I am quite new to unit trust but I do invest in PIADF. Can you please tell me what is averaged down? And what is averaged down automatically? consolidating portfolio would be? Sorry noob here. Thanks for the help

Average down could simply mean bringing down or lowering your average unit cost.

ok...so if I topup during periods where the fund is priced lower (like currently) then it is averaging down. How about automatic averaging down? How is that achieved? Becoz PIADF just announced distribution so the distribution amount reinvested will automatically bring down the average unit cost? Correct me if I am wrong please

On the so-called 'Automatic Averaging Down'..i copied back the calculation i made in Thread V1 for the NAV before & after distribution for PFEDF.



Please take note that the Distribution does help to lower down your average cost per unit, but the TOTAL VALUE of your fund will be almost the same & not increased as most people might think of. See calculation below:



But as time goes by & when u accumulated enough in the fund, you can consider taking out the Distribution when it is declared, so u will get addition income in this sense.

OK got it. Thanks! Btw PIADF is mainly investing in blue chip stocks of the respective country mentioned in the prospectus is it? Or only stocks with high dividend yield irregardless of whether blue chip or not?

It will go into both...High Dividend-Yielding Stocks & Blue Chips



This post has been edited by kingkong81: May 8 2008, 10:18 PM

then I think I'll stick to PIADF for a while longer and see how it goes. Cause country and industry diversification is what I like (just my investment perspective - pls dun flame me).

Everyone has their own perspective on investing. I invested in PIADF because I see that there's potential in Asian countries in the long run. Developments are taking place, especially in regional countries and emerging markets.
We should be seeing more inflow of investment into Asian countries as the other regions are quite fully-valued.

I agree with you on that. And I personally think the China market is really too hot. Wonder if it will burst? My colleagues at China are complaining that their 20 - 30% increment per annum is "too little"......

The inflation rate is really 'killing' them, and it wouldn't be too long until they burst.
What we could really do now is to look for funds with lower exposure in China and well spread.
We won't know if the China 'bubble' would affect the other parts of the world greatly, but be prepared for that with extra cash in hand.

China's April inflation rises to 8.5 percent

China's inflation accelerates in April to 8.5 percent despite efforts to cool price increases

BEIJING (AP) -- China's inflation rebounded in April to near decade-high levels, adding to pressure on Beijing to cool rapid price rises and avert possible unrest ahead of the Summer Olympics, according to official data reported Monday.

More at: http://biz.yahoo.com/ap/080511/china_economy.html

Many people are surprised to see inflation rate of 8.5% in a booming economy like China.

People also forget that in a not so booming economy like Malaysia, the unofficial inflation rate could be as high as 8%. About 7% in Singapore. Malaysia's economy could collapse before China does, if not properly managed and with political uncertainty.

Even In US , like or not likely into recession, inflation is catching up.

Things generally bad in world perspective, not just China alone.

This post has been edited by SKY 1809: May 12 2008, 06:49 PM