But since my extra bullets are ready, I can shoot them out when necessary
I do have faith in our KLCI still, since it has proven me right the first time, so I do think I can get it right again the second time
Public Mutual, PM/PB series fund
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Jan 31 2008, 10:57 PM
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#201
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
That is normal, since we are all in sub-crisis mode now.
But since my extra bullets are ready, I can shoot them out when necessary I do have faith in our KLCI still, since it has proven me right the first time, so I do think I can get it right again the second time |
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Feb 1 2008, 08:20 PM
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#202
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(leekk8 @ Feb 1 2008, 05:56 PM) I dont think PIX is high risk funds...the 100 index linked shares are all well known and good share, then bursa only will put the share as KLCI component share. Investing in these share is quite stable and I can say the risk level is only moderate. Even if it's investing in component stocks, it is still open to market volatility.High risk means that the volatility/movement is high, does not mean that the risk of losing is high. We can rephrase it this way, because most high risk funds do invest heavily in component stocks as well. |
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Feb 4 2008, 06:13 PM
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#203
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(David83 @ Feb 2 2008, 02:52 PM) Oh, I just came back. Looks like I missed the time to bank in today Actually I wanted to buy today, but I was busy Actually, anytime you want to pump some money into it is okay, as the hefty payout have reduced the price a lot. This post has been edited by Jordy: Feb 4 2008, 06:14 PM |
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Feb 5 2008, 03:09 AM
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#204
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
Yes, there are many funds that invest in the same category of stocks.
But saying, "That's why other types of funds which do the same thing (track KLCI) have a lower service charge (<2%) than normal (equity/balanced) funds which require more active management from the fund managers involved.", is not that accurate. I agree if you say there are other funds which charge lower service charge for doing the same thing. I would not mind if what I am investing in could earn me more than the "extra" 3.5% over the longer term. It would boil down to experience already, as fund managers are actually not doing anything. They can change the investment strategy according to the market situation. But I am not saying Public Mutual is the best in managing its funds, but the industry agrees that its management is worth the extra 3.5% |
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Feb 5 2008, 07:28 PM
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#205
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(howszat @ Feb 5 2008, 01:36 PM) Ok, I take back what I said previously said about PIX. Yeap, no fund managers are doing anything passive.When I initially looked at the performance graph for the past 1 year, it looked like the performance was similar to KLCI. When I look again at the longer term (3-5 years), it's giving higher returns even though the up-down pattern is the same. So, it's not just passively tracking the KLCI. Sure, Public has got some good funds. I've got some myself. 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. |
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Feb 6 2008, 06:12 PM
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#206
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
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 |
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Feb 15 2008, 07:32 PM
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#207
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
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Feb 15 2008, 07:58 PM
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#208
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(SKY 1809 @ Feb 15 2008, 07:53 PM) 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. I think this is not the time yet, as I am just a humble beginner in the agency.Just my humble opinion. Do not intend to flame you. I also have invested not longer than some of the sifus here Saying that makes me think that I am a fool lol |
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Feb 20 2008, 03:29 AM
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#209
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(howszat @ Feb 17 2008, 04:25 PM) One good advice is never to time the market.We won't know what could happen next, as the market could go up a lot today, just to come down a lot tomorrow. We've seen a lot of people stuck because they try to time it. So, just do some reading and analysing. If you invest with fundamentals, don't worry about timing. QUOTE(terrysoh @ Feb 19 2008, 05:52 PM) I had actually invested 15k into a PB Asean Mutual fund about half a year ago. Now, it has grew to 17k within half a year!! its very good profit i think I think you are talking about PB Asean Dividend Fund?I invested in it too, and it really performed for me. Got 15% profit from that fund too around 5 months. It was the second best fund to my PCSF |
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Feb 20 2008, 10:09 PM
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#210
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(howszat @ Feb 20 2008, 04:37 PM) I disagree with the advice because it is only part of the story. Yes, I do agree on the bold part Fundamentals are important, of course. But one should not ignore timing altogether. One can never tell for sure what's going to happen next, but one should be able to tell the difference between bull and bear markets. If one believe the fundamentals for a particular stock or fund for the long term is good, then it is better to buy in a bear market, and hold off buying (or at least not buy so much) in a bull market. NASDAQ is a good example of what happens if you go in at the wrong time - it was at a peak in year 2000, and 8 years later it is just half of what it was. Timing is also an indicator of fundamentals. In a bull market, when people are chasing the price up and up, you can almost be sure that whatever you are buying is not going to be cheap relative to the fundamentals. Besides, as far as the China funds/shares are concerned, I suspect there is far more sentiment than fundamentals involved. PCSF started in Jun, 07. Now it is sitting at (minus) -6%. And that is only if you had gone in when the fund started. If you had gone in at a later (read much higher) price, the loss is even worse. It is difficult to see how that can be defined a "best fund" in any terms. I was referring to your previous question "Have they reached the bottom yet, or could drop further?" Of course I do mean the bear market when I stated that, but I do not mean to completely avoid the market condition. Hope I could clear this misunderstanding a bit |
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Feb 21 2008, 04:53 PM
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#211
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(gsdev @ Feb 20 2008, 11:30 PM) Switching may be a better option like you said but a bit worried with the current trends...I'm looking at close to 22k - 25k accumulated gain from the last 3 years Yes, I would advise you to do a switching too, rather than selling.Since you do plan to reinvest again, lock your profits by switching to a Money Market fund. If you are worried about bonds, money market is the safest in unit trust. The return is comparative with FD, but you don't need to pay anything for reinvestment. |
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Feb 22 2008, 12:49 AM
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#212
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
For further unit trust or Public Mutual discussions, please read and use the existing threads. Thank you
Unit Trust: http://forum.lowyat.net/topic/367939 Public Mutual: http://forum.lowyat.net/topic/511793 |
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Mar 2 2008, 11:17 AM
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#213
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(ah_suknat @ Mar 2 2008, 06:25 AM) hi guys, new in this thread, sorry if this has been asked before, I would not put all my money into only either ASB or unit trust.what do you guys think about asb vs pm fund? if you have access to both fund which one would you guys choose and why? is it better to buy pm fund over the counter or via fund manager? I will divide my money and place according to my needs. If you want to buy PM's funds, you need an agent. There is no choice. |
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Mar 3 2008, 02:07 PM
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#214
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(psychict @ Mar 3 2008, 01:04 PM) Hi fellow sifus, PFECTF is a Far-East fund, and it is investing in consumerism. The countries included are Malaysia, China, Hong Kong, Japan, Korea, Taiwan and etc. So the performance will depend on the consumer spending in those countries.Just want to start a discussion... What are your thoughts with PFECTF and PISTF. With others that are established with good / bad track records, would juz like for a analytical comparison... I've been looking through the prospectus but still have limited knowledge how to interpret how they allocate the funds to invest. Cheers bros! PISTF is a local Islamic fund, investing in small- to mid-cap local companies with market capitalisation of RM6 Billion or less. The performance of this fund will depend on the performance of these companies in sustaining their profitability. |
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Mar 3 2008, 07:04 PM
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#215
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(psychict @ Mar 3 2008, 05:04 PM) Cheers bro, that lights up some sense for me Definitely, as we're not qualified market analysts.So, there is no way we could predict the market. What we can do is enter when conditions meet our target. |
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Mar 14 2008, 02:00 PM
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#216
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(uNeVErwaLkaloNe @ Mar 14 2008, 12:40 PM) hi guys, i'm new here China markets have already grown quite high the last 2 years, so with the record high inflation the government is cooling the market bit by bit, carefully not to burst the bubble.i just went to PM website and they are promoting PB China ASEAN Equity Fund...any comment on this fund? So, we expect to see China markets not performing too well the coming years. I'm more upbeat on ASEAN markets where the developments are, as most ASEAN countries are developing countries. So, the inflow of foreign investments would help these markets a lot. If the fund invests mostly in ASEAN markets, then it would be a sound investment. You should read the prospectus and make your decision |
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Mar 15 2008, 10:47 PM
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#217
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(SKY 1809 @ Mar 15 2008, 12:53 PM) 2nd thought of Asean related Funds :- I do agree with what you are saying, but these events are short term events.I used to think the Asean could be the best among all the funds, but recent events made me think otherwise :- High inflation would affect every country no doubt, but will affect Asean more because of political instability :- 1) Thailand, former PM is back in town, could be more political storms on the way. People in the countryside like him, those in the urban areas hate him. Stock market could not boom with political instability. 2) Indonesia - high inflation if any could overturn the government as in the past. Chinese again could be blamed for the bad economy if any. Stock market could not boom with political instability. 3) Vietnam- Stock market oledi up 400% in the last 3 years. What goes up might come down one day. 4) Malaysia - not pro business at all. Local political issues are getting worse than better. People suffered high inflation before GE. Now, worse bcos they are going to be penalised. Street demo are now "allowed" for certain political mileage. And If Foreign Direct Investments pull out, many people in the street would lose their jobs. Although there is no sub prime issue in Malaysia , our governments whether BN or BA/BR do not take advantage of. There could be a reason why FF want to invest in our country ( Safe haven ) . Leaders urged to resolve uncertainty http://biz.thestar.com.my/news/story.asp?f...02&sec=business 5) Burma - still living in dark age. 6) Singapore - oledi a matured economy. Got involvements in sub prime issue. 7) Cambodia - still got many problems with FDI. Where else of Asean is good then ? Stock markets could not boom with political instability. China if able to overcome inflation is still a good place to invest in the long run. Investors always view political issue seriously. Just my 2sen opinion. Just for discussion purpose. No intention to flame anyone. Political instability does play a huge role in the outcome of stock markets, but if you take a long term view (ie 20-30 years), these problems might not be much of a worry. Take Indonesia as an example. Political problems have been in the limelight for quite a few years, but the stock market there have also performed well. As of end of December 2007, the market have gained around 52% in that year. As with our own political uncertainty, it would be forgotten or solved soon and market bull would return hopefully in the next few years. So by stating just political instability, it should not be an obstacle for people to enter the market. As for Singapore, loses involving sub prime issue would recover somehow, so it is also a short term volatility. I believe a country would still have room for improvement as none would consider themselves "matured" and stop economical growth. As long as there's growth, it could affect the stock market positively. Just another of my 2 cents. Please share if you have a different view from me QUOTE(howszat @ Mar 15 2008, 05:23 PM) I would tend to agree. The China market is no good right now, but it has great potential if they can get their current problems under control, and they seem to be committed in achieving this. Yes, China goverment have taken a few steps one at a time carefully not to burst the bubble.Their political situation is very stable compared to the past where there were "power struggles" each time there is a change of leadership. Since China's bubble have grown over the last few years, it would take the government longer time to cool the market down bit by bit. It will have to be done at a much slower pace because if they don't, we would see another round of chaotic sell-off. They would have to weigh the ill-effects of it and make the critical decisions. |
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Mar 16 2008, 04:06 PM
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#218
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
No worries Cherroy bro, anyone can join in this discussion
I am just wondering if this GE is a fair one. Of course by implementing the single tier system is eating up a huge chunk of investors' money, but they did gradually decrease the corporate tax. This move might only affect those in the upper class and business people, but it does also improve the bottomline of businesses. If this is the case, then the government shouldn't be blamed in the first place but it's the business owners are to be blamed. Also by implementing those mega projects, it creates an abundance of employment opportunity for the people. All these should translate into higher wages for the employees. That is why I am a little surprised at BN's loss in the GE. The matter of fuel subsidy is still in the mist, but I also agree that it would increase sometime soon. The rich is getting richer but at the same time it is their responsibility to spread the savings and income they are receiving. The projects and the cut in corporate tax has just been implemented, but they have not really taken off. That is why peole in the street have not felt the impact of it. They might be thinking of the same thing that the rich is getting richer, that is why they made this verdict. The GE this time around is a little disappointing because the people have not waited to see the outcome of it before making their 'real' decision. |
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Mar 17 2008, 12:07 AM
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#219
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(cherroy @ Mar 16 2008, 04:31 PM) I had no comment on the GE. You are right cherroy. These 2 events are really largely beneficial to the rich. One weakness of our government is that they did not strike a real balance in the economy by benefiting both upper and lower classes. I hope that they would learn their lesson with this GE and implement better budget next year. Still the majority of our country is the lower class people, and that makes all the difference. I believe if they strike a balance, then our economy will be more resilient to foreign events.Just recent implementation of single tier dividend and increase of min borkerage commission will be seen as punishing the poor and benefitted the richer one. Although the min commission rate is not that big deal, people will have negatively view on why it needs to implement in the first place. And for single tier dividend, it only benefitted those tax bracket above 26% one, aka earn more than 100K pa one, others lose out especially it impact worst on the retired people. Even the fuel subsidy larger chunk money are channelled to the rich one. <-- by right fuel subsidy is meant to reduce people burden by having lower fuel cost which mean lower lorry transport fee, lower goods price. But still those drive Benz one surely 'eats' more petrol than one rides motorcycle one, so direct subsidy goes more to the richer one although lower income group also enjoy lower cost of goods due to fuel subisidy indirectly, but so does the rich one. This is the loop hole of the fuel subsidy which is hard to solve. Anyway just my 2 cents, don't want to drag to far away from the topic as this thread is meant for discussing PM related issue one. As you said, lets not take this further and we should get back to PM issues. Nice discussion here and I believe it would benefit everyone reading this thread |
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Mar 21 2008, 12:41 PM
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#220
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor |
QUOTE(David83 @ Mar 18 2008, 07:30 PM) It definitely looks very low for the more recent funds.Still, it is all psychology, some would still feel that the older funds are 'expensive'. I agree with you that it is based on personal preferences and limitations. QUOTE(dzi921 @ Mar 18 2008, 09:04 PM) What is your targetted percentage for each interval, or are you doing DCA?Mind to discuss it here? |
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