Yea and on top of that they pay like 1.5% a year or something. Even so given the right time it might not be a bad idea.

better than the 2-20 arrangement by hedge funds hor?

even i am a gold member but i dont utilise the gold member discount since FSM-HK every month come up with new fund launching with low initial cost, most of the new fund launching comes with 1% initial charge only, u can buy the fund 1st, lock the initial charge at 1% and then switch to the other equity fund that u desire, since FSM give unlimitted free intra/inter fund house switching, i have been using this method to lower down my investment cost. For gold member, i can only get 0.4% discount from the normal sales charge of 2%, so still need to pay 1.6% initial charge, the method that i mentioned earlier, i.e.1% is better.

What's FSM Singapore, I googled it and.. the only FSM I know is the one with the noodly appendages

Hmm why didn't i think of that trick! Good idea you have there. This will save me load's of money. Thanks!

This post has been edited by gark: Jan 3 2010, 11:41 PM

--deleted--
not to get PM's agent upset..

This post has been edited by cheahcw2003: Jan 3 2010, 11:51 PM

Emm i think not right lar to advetise FSM in Public mUtual thread, or not later a lot of agents get angry.

i'm currently waiting for 'discount' in hongkong/china..

Let's make them less angry then.. the charts seem to load a bit too slowly

oh maii.. at least you've come to your senses.

Okay to get this back on track, know any agents that will look through the funds and alert you to any good opportunities?

Nope. I don't consider myself brave. Since I was a noob, I didn't have a stop-loss strategy as I thought that fallen stocks will eventually go up. However, LCL had so much bad news and after discussing with our LYN forumers I decided to cut loss. Brave, definitely no, lucky, YES!!!

Through it all, I didn't have any worries or sleepless nights as I was fishing at the bottom. I don't understand what strategy your friend employed but "matching" sometimes takes the whole day, or even no match at all!!!

Public Mutual declares distribution for three funds

KUALA LUMPUR: Public Bank Bhd's whollyowned subsidiary, Public Mutual Bhd, has declared distributions for three of its funds.

The total gross distribution:

1. eight sen per unit for the Public Savings Fund,
2. 0.75 sen per unit for the Public Focus Select Fund
3. two sen per unit for its Public Islamic Enhanced Bond Fund.

The distributions declared are for the financial year ended Dec 31, 2009. Public Mutual is Malaysia's largest private unit trust company with 72 funds under its management.

It has over two million account holders and as at Nov 30, 2009, the total net asset value of the funds managed by the company, was RM34.7 billion. - Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...19&sec=business

check today's price, found out that 2 bond funds perform extremly well on a single day which is rarely happened.
PB Income Fund up 0.78%
Public Islamic Bond fund up 0.65%
anyone know why? is that "window dressing" to show better return as 31 Dec is the last day of the year?

So PFEPRF is a good prospect fund eh? Looking at the performance chart for this fund, do you think it'll achieve it's second ever (+ve) in the plot?

Just bought into PM smallcap fund. Planning to buy regularly every month too. Hope it does well!

PM SmallCap is one of the good one from PM. I am eyeing too. But I find that the price has gone up tremendously recently. I am putting my money into the bond funds, waiting for some correction before switching over.

Xuzen

Well congrats, for me I am going to slowly liquidate 20%-30% of my holdings before CNY, capture some profit first and then wait for better opportunity in mid 2010.

Yeah, the price is a bit high at the moment.

Errrmmm... are you doing that online? If you buy in again, you'll be charged the 5.5% again wor......

Nah for Public Mutual I am not doing it online, but for my other UT's yes I am doing it online. I am switching over to safer loaded stocks (balanced funds), and for my other cheaper UT's to bond funds, which I plan to switch back to full equities after the price is right. That way i don't need to pay the initial charge for PM and minimal charge (~1%) for other UT's

This post has been edited by gark: Jan 5 2010, 08:20 PM