Dude...

3-5 years not long term la. That's short term...very My advice to you, before investing in anything (not just mutual funds), read up and read alot.

Nobody's pointing a gun at you and telling you to invest with them so talk to as many agents, friends and family as you can. Google and find out the fundamentals of investing. Check out the Public Mutual website as well. Also visit the Securities Commission Website and the Banking Info site. These sites have a lot of information that can help you.

Also listen to BFM 89.9 for good advice. Check out the podcast on investment here and here.

Investment funds like the one offered by Public Mutual is for the long run...the very long run. We're looking at 20-35 years here. Of course it depends on your objectives and how much you can afford to put in regularly. Some start early, put in a lot and cash out early too. Some start late put in a little every month and have a comfortable buffer for retirement. Some invest in funds for better returns when compared to FDs. Some invest to buy a house.

The thing you have to remember is that, although there are some general rules, there are no set formula because everyone has different goals. Whatever it is...investment takes time and don't let anyone tell you otherwise. Besides, fund are regulated by the Securities Commission, so check that your agent are licensed to manage funds. If you suspect anything amiss, then report to the SC. They can revoke his the agent's license.

One last thing, track the funds that you'd like to invest in, go to Public Mutual site and see in the previous 5-10 years how the many fund perform. Check it out here.

Hope this helps, good luck and have an awesome new year ahead.

highly unlikely for UT fund to move 5.5% a day

I agree with you that 3-5 years might not be long term...but just want to highlight and don't want anyone confuse seeing this statement. Investing for long term like 20-30 years, doesn't mean that you invest now and only look at it after 20-30 years. No matter what type of investment, we should monitor and review our investment periodically, as well as adjusting our strategies accordingly. It's definitely not the correct way if you invest now and only check the performance after 20-30 years. How frequent you should monitor and review your investment? This depends on what kind of investment tools, and how free and interested are you to monitor it. My personal view, unit trust, we should at least review it once a year, and for stocks, we should at least review it once a quarter.

KLCI reaching more than 900 points already, is Malaysian Economy recovery process???

Hi all sifu sifu of Public Mutual. I'm new here so pls guide and teach me.

I recently just bought my first fund, Public Equity Fund on 2 Jan 2009. I invested 2k in it.

I've checked the NAV price at that time, which is 0.2175 on 2 Jan.

My agent told me that it will take around 1 month to process the details as I'm a new investor. My question is, when they finally process my details, they will price it according to the NAV price at 2 Jan rite? Or is it according to the NAV price on the day they process it?

And what do you guys think about PEF? I've made a bit of comparison with the other funds, and while the other funds have higher returns/distributions, PEF's main advantage is its low NAV price, which means i get more units, which also means I only require the NAV price to increase slightly in order to double up my investment. I also understand that it is riskier, since a slight decrease would mean I lose more money, since I have more units. Please give me your 2 cents on this.

PS: My agent initially suggested PITTIKAL, but I didn't want a moderate fund, since my mom already bought Public Regular Savings Fund for me, but it's under her name. This PEF is bought by me using the money I earned from part time, so its entirely my own. Is it wise to go into equity funds at times like this? Especially an aggressive fund?

I thank you all in advance!!!

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Added on January 7, 2009, 10:49 pmAnd also, is my calculation correct?

Investment / NAV + 5.5% charge = Total Units

RM2000 / 0.2175 + (0.2175 x 5.5%)
RM2000 / 0.2175 + 0.0119625
RM2000 / 0.2294625 = 8716.02 units

Thanks!       

Since I'm a student, I don't have a current account to write check. On the day I purchase, I went to a public bank branch with the agent, filled the form and immediately pay cash through the counter. I paid in the morning around 11 AM. So should calculate the NAV according to that day right?

So,
Total units = [(Capital invested)/1.055] / NAV

(RM2000 / 1.055) / 0.2175
= 8716.02 units

I also plan to contribute RM100 monthly into the fund, taking a bit of advantage while the NAV is still low to maximize the units I get. I will hold it for around 3 years time. At least make something useful out of this recession, since it undoubtedly cut down a lot of job prospects for this year and next year and I'm graduating end of this year!! 

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Added on January 8, 2009, 12:28 pmAnd another thing, we only make money either through the appreciation of the NAV price and the distribution that the fund makes right? Or is there other factors that come into play? 

Thanks again in advance!!!   

public mutual expert out there~

please give me some advise..

i had invest 5k on the PCIF China ititikan fund,just last year ago..

from 2.50 and drop until 0.1463..

i thinking to took out the 5k
mayeb the remaining will cut to halve..
should i or not?

feel sad,to see it..no grow at all..  

Any idea what is this Public Mutual Online for?

https://www.publicmutualonline.com.my/

A new online service for existing Public Mutual investors which launched today.

It facilitates :
1) additional investment into existing fund
2) initial investment in new funds account by an existing fund holder
3) Enquire Acc balance
4) View E-statement/report
5) Changes personal profile info (address, password, distribution instruction, etc)

IT do not support REDEMPTION & SWITCHING currently.

Those who wanted to apply for this service can get the FORM from Public Mutual branches/agents or download it at the website https://www.publicmutualonline.com.my ,

and submit it PERSONALLY at any public mutual branches.

Can I submit the form to public bank?

Only at branch offices! That is a little inconvenient.

They also don't offer registration via fax or mail in.