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 Public Mutual, PM/PB series fund

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cheahcw2003
post Jan 3 2010, 11:03 PM

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QUOTE(lwb @ Jan 3 2010, 10:59 PM)
kmarc,

place your bid onto PIX.. that way you can sleep better.. after some fine tuning, i find the correlation of the bursa FBMKLCI is much closer..

btw, any hope for a pre-cny rally ah?
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PIX is the worst most expensive's index link fund that track the performance of index.
gark
post Jan 3 2010, 11:04 PM

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QUOTE(wodenus @ Jan 3 2010, 10:40 PM)
We're targeting 30% a year. Whether we actually get 30% a year remains to be seen.
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Ha, if you can get 30% a year continuously, you will be better than Warren Buffett, he is only compounding an average of 15%-20% a year. drool.gif
cheahcw2003
post Jan 3 2010, 11:06 PM

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QUOTE(gark @ Jan 3 2010, 11:01 PM)
I have read the financials for CIMB funds, some of their funds have double layer management fees >2%, and also thier bond funds is one of the most expensive  sweat.gif , so far i have not invest in CIMB funds cause they are expensive .  laugh.gif
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their bond fund are expensive, but their equity fund is doing as good as Public Mutual, the initial charge is 50% cheaper than PM, if u subscribe online thru their CIMB Click website, most of the equity funds only with 2.5% initial charge.
lwb
post Jan 3 2010, 11:07 PM

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keen observation there! rclxms.gif
if the fund manager is not a market maker.. unloading a huge volume will attracts unwanted predator(or even a market maker will feed on the fund manager's exit position)

have you traded professionally before? sometimes you can see alot of interesting thing via the level-2 montage trading screen..


asm/asw.. if i may biasedly say it.. it tends to give a sort of 'fixed income' kind of returns.. but becareful, your fees are much higher than pm fixed income funds.. go do the math!

QUOTE(gark @ Jan 3 2010, 10:58 PM)
Fund managers, might get faster news, but remember, that the fund manage hold funds in the billions  laugh.gif so if they try to load up or unload huge amount of stocks, the traders will get wind and do the same. So that's why in bad economy the funds generally somewhat follow the market cause they can't unload millions of shares in one go without devastating the price.

I can't be bothered with all those ASM, ASW etc cause they have quota of investmnet, if i want to invest, it will be on my own terms.
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Added on January 3, 2010, 11:09 pmi'm glad you saw it too.. i balked at the cost structure when i was given a view about it.

QUOTE(gark @ Jan 3 2010, 11:01 PM)
I have read the financials for CIMB funds, some of their funds have double layer management fees >2%, and also thier bond funds is one of the most expensive  sweat.gif , so far i have not invest in CIMB funds cause they are expensive .  laugh.gif
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This post has been edited by lwb: Jan 3 2010, 11:09 PM
kmarc
post Jan 3 2010, 11:10 PM

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QUOTE(lwb @ Jan 3 2010, 10:59 PM)
kmarc,

place your bid onto PIX.. that way you can sleep better.. after some fine tuning, i find the correlation of the bursa FBMKLCI is much closer..

btw, any hope for a pre-cny rally ah?
*
QUOTE(cheahcw2003 @ Jan 3 2010, 11:03 PM)
PIX is the worst most expensive's index link fund that track the performance of index.
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Aikes! PIX or no PIX??? If correlate with FBMKLCI no good leh, as I think it is already too sugar high!!!

Pre-CNY rally? History-wise, there should be one but it's anybody's guess........ wink.gif

Anyway, I really got useful info from you guys. However, haven't decide whether I want to dump more money into PM smallcap fund!!!

Will sleep on it..... biggrin.gif
cheahcw2003
post Jan 3 2010, 11:11 PM

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QUOTE(thugs @ Jan 3 2010, 10:56 PM)
Hi all,

Sorry I'm noob in PB fund. Just wanna get some opinion from all experts here regarding PUBLIC AUSTRALIA EQUITY FUND and PUBLIC FAR-EAST PROPERTY & RESORTS FUND. I see the potential of these two funds. What do you all think? Would love to hear from you all...

Thanks.
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PAEF = i did not invest in this fund but invest in Commodity ETF instead, cheaper cost to invest, 0.25% initial fees. Not available in Malaysia, but in Singapore /Hong Kong Stock exchange
PFEPRF = a good fund, i put 50% of my bet on this fund. This fund invest in Property/construction companies in far east + REITS.
lwb
post Jan 3 2010, 11:11 PM

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you've a point there..
but my 2009 closing of PIX net me 39.53%.. i'm not complacent but neither am i complaining..

QUOTE(cheahcw2003 @ Jan 3 2010, 11:03 PM)
PIX is the worst most expensive's index link fund that track the performance of index.
*
gark
post Jan 3 2010, 11:12 PM

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QUOTE(cheahcw2003 @ Jan 3 2010, 11:06 PM)
their bond fund are expensive, but their equity fund is doing as good as Public Mutual, the initial charge is 50% cheaper than PM, if u subscribe online thru their CIMB Click website, most of the equity funds only with 2.5% initial charge.
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Yes, the initial charge are quite low at 2.5%, , but their management fess are like.. very high sweat.gif especially those they out sourced to external managers where you get hit with double fees, 1.8% for CIMB and about 0.6%-0.8% for external manages. rclxms.gif
lwb
post Jan 3 2010, 11:16 PM

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don't worry about him.. i think he's more into comparing penis sizes than really understanding the underlying how money is made from unit trust (from both the investor and fund houses wise)..

QUOTE(gark @ Jan 3 2010, 11:12 PM)
Yes, the initial charge are quite low at 2.5%, , but their management fess are like.. very high  sweat.gif especially those they out sourced to external managers where you get hit with double fees, 1.8% for CIMB and about 0.6%-0.8% for external manages.  rclxms.gif
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Added on January 3, 2010, 11:18 pmyou putted 50%.. i've made 65% of out this fund... stim bo? rclxms.gif
and i've exited PFEPRF already.. the jolly time for this fund is fading

QUOTE(cheahcw2003 @ Jan 3 2010, 11:11 PM)
PAEF = i did not invest in this fund but invest in Commodity ETF instead, cheaper cost to invest, 0.25% initial fees. Not available in Malaysia, but in Singapore /Hong Kong Stock exchange
PFEPRF = a good fund, i put 50% of my bet on this fund. This fund invest in Property/construction companies in far east + REITS.
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This post has been edited by lwb: Jan 3 2010, 11:18 PM
wodenus
post Jan 3 2010, 11:20 PM

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QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
One company did go under recently!!!! LCL went PN17. My first and only realized loss after one year of stock trading. Cut loss after 30% drop but was lucky as it dropped more than 80% after it went PN17!!!! I was also lucky as I didn't hold much of that counter as most of my cash was shifted to REITs.


You're brave. Our worst drawdown so far has been a little less than 10%. Like I said, it's boring lol, not 30% in six months or anything smile.gif

QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
Errrmm.... how I did it? Errrmmm..... I started off planning to invest long-term in bluechip counters. However, got hooked on "gorenging" as the market was volatile. Made some money buying on dips and selling at high (counters such as Kinstel, LCL, gamuda, Sime, Uchitec, Lionind, Scomi, KNM, etc).


I remember KNM and Sime and Uchitec, that was in his portfolio as well.

QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
However, most of the money made was holding on to counters during the bullrun. The sad part was that I exited early as I thought the world economy was still in shambles and there would be a double dip. And there was the "feng shui" chart which predicted a market dip in Q2-Q3 '08!  sweat.gif So, I sold off most of my holdings in Q2 and missed the BIG BIG bullrun until the end of the year. There were a few forumers who rode the bull and got really good gains but I was not one of them.


We pulled out just before the crash. His point was made, there wasn't any point in going on.

QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
Whatever it is, I'm happy with my profit and I don't look back and ask "What if".......


I don't even remember the profit. All I remember was the hassle, the panic, the uncertainty of it all.

QUOTE(kmarc @ Jan 3 2010, 10:51 PM)
My lesson for the 2008 market crash is when it ever happens again, I will definitely buy bluechip counters for long-term investment.  nod.gif


Good for you then. I might be in mutual funds given the right time and opportunity, but probably not directly in the stock market. It's crazy to have to wait ten minutes for something to match.

This post has been edited by wodenus: Jan 3 2010, 11:28 PM
cheahcw2003
post Jan 3 2010, 11:20 PM

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QUOTE(lwb @ Jan 3 2010, 11:11 PM)
you've a point there..
but my 2009 closing of PIX net me 39.53%.. i'm not complacent but neither am i complaining..
*
compare orange to orange, from morning star website, PIX's and OSK's KLCI index tracker funds 1 year return is both 47%
KLCI index initial charge is only 1%, compared to PIX's 5.5%, so if u invest 1 year anc cabut,
ur net return for PIX is 47%-5.5% = 41.5% return, wehereas for OSK product ur take home will be 46%
wodenus
post Jan 3 2010, 11:21 PM

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QUOTE(gark @ Jan 3 2010, 11:04 PM)
Ha, if you can get 30% a year continuously, you will be better than Warren Buffett, he is only compounding an average of 15%-20% a year.  drool.gif
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Not 30% continuously, just 30% this year (and this year has just started) smile.gif

lwb
post Jan 3 2010, 11:22 PM

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kennot compare liddat la..
your klci index initial charge is 1%... but my pix initial charge is 0%.. still tarak lawan leh

QUOTE(cheahcw2003 @ Jan 3 2010, 11:20 PM)
compare orange to orange, from morning star website, PIX's and OSK's KLCI index tracker funds 1 year return is both 47%
KLCI index initial charge is only 1%, compared to PIX's 5.5%, so if u invest 1 year anc cabut,
ur net return for PIX is 47%-5.5% = 41.5% return, wehereas for OSK product ur take home will be 46%
*
cheahcw2003
post Jan 3 2010, 11:25 PM

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QUOTE(gark @ Jan 3 2010, 11:12 PM)
Yes, the initial charge are quite low at 2.5%, , but their management fess are like.. very high  sweat.gif especially those they out sourced to external managers where you get hit with double fees, 1.8% for CIMB and about 0.6%-0.8% for external manages.  rclxms.gif
*
yes these funds are called feeder fund ( or fund of the fund as Bank Negara do not allowed foreign funds to sell their funds direct to Malaysian investors), if u can invest it direct via sinagpore /hong kong, you shd avoid it.
All the management fees of local funds managed by CIMB are normal. You can use these link to compare the charges/performance of each funds listed in Malaysia

http://www.invest.com.my:8080/personal/funds/compare/

gark
post Jan 3 2010, 11:27 PM

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QUOTE(cheahcw2003 @ Jan 3 2010, 11:25 PM)
yes these funds are called feeder fund ( or fund of the fund as Bank Negara do not allowed foreign funds to sell their funds direct to Malaysian investors),  if u can invest it direct via sinagpore /hong kong, you shd avoid it.
All the management fees of local funds managed by CIMB are normal. You can use these link to compare the charges/performance of each funds listed in Malaysia

http://www.invest.com.my:8080/personal/funds/compare/
*
Yeah, feeder fund are nasty, also local funds cannot invest 100% overseas. That's why all my international funds are from FSM singapore. brows.gif

This post has been edited by gark: Jan 3 2010, 11:28 PM
cheahcw2003
post Jan 3 2010, 11:27 PM

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QUOTE(lwb @ Jan 3 2010, 11:22 PM)
kennot compare liddat la..
your klci index initial charge is 1%... but my pix initial charge is 0%.. still tarak lawan leh
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how can u get PIX fund at 0% cost? unlessu r Public mutual staffs, even PM agent cannot get 0 initial charge

gark
post Jan 3 2010, 11:29 PM

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QUOTE(wodenus @ Jan 3 2010, 11:21 PM)
Not 30% continuously, just 30% this year (and this year has just started) smile.gif
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That figure is much reasonable. However this year i have not invest anythins yet, still waiting for the market to have some 'discounts; biggrin.gif. Also planning to sell off some asia ex. japan and china to ready some investment cash.

This post has been edited by gark: Jan 3 2010, 11:30 PM
cheahcw2003
post Jan 3 2010, 11:31 PM

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QUOTE(gark @ Jan 3 2010, 11:27 PM)
Yeah, feeder fund are nasty, also local funds cannot invest 100% overseas. That's why all my international funds are from FSM singapore.  brows.gif
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OIC u r also the supporter of FSM, i maintain account with FSM-HK. Their bond fund initial charge is 0.3%, equity fund only 1%, unlimitted free switching...very good deal.....wise choice.
Many Malaysian Investors do not believe cost of purchasing will affect their return in short/long run, and pay 5-7% initial charge to buy a fund....Ridiculous.
gark
post Jan 3 2010, 11:33 PM

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QUOTE(cheahcw2003 @ Jan 3 2010, 11:31 PM)
OIC u r also the supporter of FSM, i maintain account with FSM-HK. Their bond fund initial charge is 0.3%, equity fund only 1%, unlimitted free switching...very good deal.....wise choice.
Many Malaysian Investors do not believe cost of purchasing will affect their return in short/long run, and pay 5-7% initial charge to buy a fund....Ridiculous.
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Aisey you buy funds cheaper than me.. u must be a gold/platinum member tongue.gif. Fund cost plays a big role in the final earnings.
lwb
post Jan 3 2010, 11:34 PM

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+1
and if you look at cimb unit trust.. they're staggered in several layers.. the so-called wealth management don't exactly managed the fund on day-to-day basis.. it's done by an asset management company instead.. so, another middleman there already.. then they take in other fund houses' punya fund (aka feeder funds).. all a bit funnie lo


QUOTE(cheahcw2003 @ Jan 3 2010, 11:25 PM)
yes these funds are called feeder fund ( or fund of the fund as Bank Negara do not allowed foreign funds to sell their funds direct to Malaysian investors),  if u can invest it direct via sinagpore /hong kong, you shd avoid it.
All the management fees of local funds managed by CIMB are normal. You can use these link to compare the charges/performance of each funds listed in Malaysia

http://www.invest.com.my:8080/personal/funds/compare/
*

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