Ok. Gonna call him tomorrow!!!

Code 99 usually means "we just got hit by something we don't understand and shouldn't have happened... make sure the patient/customer/client doesn't know that and panic and make things worse while we figure out what happened"

PS. A lot of businesses use that


This post has been edited by wodenus: Jan 3 2010, 04:42 PM

wodenus,
thanks for highlighting that.. *lol*
our context is not medical, yes? keep it within context..

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Added on January 3, 2010, 4:43 pmpm me if your agent is not telling.. *lol*

This post has been edited by lwb: Jan 3 2010, 04:43 PM

It's not only medical, it's also being used elsewhere, no surprise to see it being used in the UT industry

aye to that.. you've got a point.. some would use code '999'

Thanx for the clarification.

In the end, it is like what you said. If you have 100k, where do you want to "park" it. That's my question (although I don't have that much spare cash!!!) All are investment tools to increase your wealth and overcome inflation. If mutual funds were bad, why are there so many? I will make further clarifications with my agent.

You all have been a great help. Just one last question. If I buy the PM smallcap fund online (after the initial registration), I will still get charged 5.5% and my agent still get the commission right?

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Added on January 3, 2010, 4:56 pmYup, that's what I mean!

This post has been edited by kmarc: Jan 3 2010, 04:57 PM

In mutual fund, the dividends are not actual earnings unlike EPF or stocks. If the mutual fund declare dividend, the cost of the dividend is subtracted from the NAV, so by paying you cash, you get lower NAV. It all comes to square one, as the dividend you received from UT comes out of your own pocket. Also some UT pay more dividend than it's actual earnings to keep the UT 'popular'. Evaluating UT via dividend payout is not effective. In fact i would prefer the UT not to have any dividends.

5.5% sales charged is calculated for the total amount of money invested AND reinvested, basically for any 'buy' or 'switch' transaction. Also you may not use the 1.5% as a guideline as there are many more charges levied like transaction cost and trustee cost, admin fee and etc which will bring the cost to near 1.6%-1.8%%.

Always read the financial accounts and prospectus before you invest. (FYI I also own Public Smallcap)

This post has been edited by gark: Jan 3 2010, 06:13 PM

Why would you have to choose? Personally, I think it's wiser to NOT put all your eggs in one basket ...especially this year, when the market's already ran up a lot and interest rates are poised to be raised (i.e. bonds are also not safe).

I bought RM100k of PM funds in 2Q last year and my total's now about RM113k - so I've already made back my sales fees. But I've also placed RM50k in MYR FD, and RM120k in AUD FD in case our gomen somehow screws up with some stupid new policy.

The thing I like about PM is that it's a very established company, most of their funds are doing well, and I can do the switching myself online.

Yeah, that's another minus point. The dividend given out will be reflected by a lower NAV, just like stocks.

So how then? Is buying unit trust good or not?

Cool! You have smallcap? How's your return so far?

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Added on January 3, 2010, 7:30 pmWhich fund is that? 100k to 113k over 2Q? That's good leh.....

This post has been edited by kmarc: Jan 3 2010, 07:30 PM

I split them equally into Public Australia Equity Fund, Public China Select Fund and Public Far East Select Fund. And I switched them in and out to/from Public Islamic Bond Fund.

Haha... but I flunked my Bursa stocks thanks largely to one "Msports". Actually, I didn't lose ...just didn't make much ...maybe about 10%. I should've just held on to my REITs instead of trying to be smart. But I made practically double on my US stocks by betting on energy options.

Good for you if you could make 10% on that even. Msports is interesting, I don't see how anyone could have made much on that except if the commissions were really low or he caught the push/caused the push.

This post has been edited by wodenus: Jan 3 2010, 08:39 PM

3 funds contributed about ~40%(roundup) since late apr-2009..
PIX, PAIF and Smallcap.. i've not closed my book on PAIF yet.

What made you pick these three funds?

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Added on January 3, 2010, 8:35 pmWhat made you pick those funds?

This post has been edited by wodenus: Jan 3 2010, 08:44 PM

wodenus,

i don't pay commission, remember? of course there're lots of factors involved.. and the best fund that contributed the most profit was the mouthful PFEPRF..

in just a short 3-month period, this fund contributed in excess of $40k(tax free) to my portfolio.. i picked up the scent about PFEPRF at late apr-2009.. and had some brief discussion with this guy, Medufsaid (i'm not sure if he's still monitoring while the profit was good)..

No sales charges are incurred on "switch" transactions if the source funds you are switching from are already loaded (ie sales charges already paid).

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Added on January 3, 2010, 9:01 pmIt's not a minus point, it's actually an irrelevant point. The total value of the investment is the same before and after distributions/dividends, which is why it is irrelevant. You cannot say the same thing for stocks or FD.

This post has been edited by howszat: Jan 3 2010, 09:01 PM

Good if you have the right timing. If you have large capital, you don't really need to have good timing (aside from the obvious) because even if you make like 10% that's quite a bit of money already. If you don't have large capital you have to have good timing, otherwise all you'll be making is pocket change.

I see. I'm not familiar with any funds so I think I'll just stick to the one introduced to me..... the smallcap fund!!!!

Yeah, last year was a year of opportunity. I only made 30% of my capital from stocks....

Is that because of the stock market crash that you gained so much by buying in cheap? What about now? Still a good time to buy in to PM?

How come you don't have to pay commission?

This post has been edited by kmarc: Jan 3 2010, 09:12 PM

Good timing so what made you pick that one, did you look through all the funds every day or what?

This post has been edited by wodenus: Jan 3 2010, 09:13 PM

howszat,

the point about dividends/split/distributions are not entirely irrelevant.. it's only a nuisance when agents go peddling about how wonderful the returns by distributions figures alone may have misguided intentions..

a fund distributions has its benefits.. it acts as some sort of 'amplifying' effect to your portfolios.. after a given fund distribution, an investor ends up with more units (albeit the nav didn't change much)..

however, progressive increment of prices will have an 'amplifying' effect.. imagine; just for hypothetical scenario here..

fund goes up by 1cent..
before distribution 1000 units ... (1000 x 0.01 = $10 capital appreciation)
after distribution 1500 units ... (1500 x 0.01 = $15 capital appreciation, moving forward)

of course, one must see both sides of the coin.. the amplifying effect also work when the price goes down (like a sword that cuts both ways; up or down)

How can you stand the lack of liquidity? you put in a buy order for like, what, 10 lots? and ten minutes later it's not done yet. In the mean time all you can see is your lost profit. Same happens when you sell. That was the last time I was on.


This post has been edited by wodenus: Jan 3 2010, 09:22 PM