I am not too sure if I have asked any agents here before, if say I have a fund, and it declared me distribution of say RM1K for this year. May I know if withdrawing this RM1K distributed amount, will it affect my MGQP? If it will affect, anyhow to calculate it?

thats what Cheah has been saying all along, but like him and you, I stand firmly on my ground too.  PBMutual strongest force is its sale force (agents) but without a good business 'system' (hint:IT) to bring PBMutual to its next evolution, the same big agent force will eventually drag down the whole big giant.  just a matter of time.  PBMutual either evolve itself or FORCED into it eventually.  And its already happening today.  There is almost NO WAY PBMutual can reduce its 5.5% fee but others can, its very tough for PBMutual to take slightly more risk and chances to earn that extra speculative tips but OSK can ... beginner still go for PBMutual but once they learn more they will switch to other mutual fund managers, eventually more and more ppl will no longer be beginner.  there are not many like me who stay with PBMutual just because of nostalgia .... and I said all these not because I hate PBMutual but I love it and I wish it could evolve faster so that it wouldn't lose any more investor-share.

top company doesn't need to have top notch software but the fact that it could have but didn't also tells that they resist change, which may be a bad thing.  we will see, it may not happen during my life time so I am fine with it

I know, what you are saying there is today's situation, what I was saying is that the trend is changing and should change faster.  as much as I loved to be 'touched', single biggest investment purpose is profit and when personal touch is hindering my profit, profesionally they should be separated.

u may fall off your chair when one day u find out how much I have been earning commission by selling mutual funds using 'personal touch', but that doesn't stop me from seeing how the world should evolve into.

its not about high tech, cheap fee etc.  its all about PROPER personal finance.

the biggest fact that ppl must realize is that "everyone is FULLY responsible with his own investment", and very often the so called 'personal touch' from the agents are influencing the investors and simply make the naive investors to 'trust' the agents blindly, which violate this 'biggest fact' I call above.

You can take your agent's advice, you can support and love your agent's touch, but the moment you 'trust' and let your agent decide for your investment, you have failed yourself.  No need to see real life stories, tons of stories in this forum itself support this observation too.

when I want to be 'touched', couched, guided and led then yes I don't mind paying the extra fee, but when I want to just invest and make biggest profit, i should HAVE THE OPTION not to have anyone disturb me and pay only 1-2% fee only.  And although Public Mutual management agrees with this in concept but in reality its strong agency force is stopping them to evolve into that and looks now the fact that fundsupermart and especially OSK have eaten into the market share rather significantly.  while pm could have done that easily years ago ....

but in reality and today's limitation, I do agree with all your words, but I just hate to see agents not seeing the need to change and simply wait and let the world change them instead, simply because they want to keep some cents today and not entrepreneur enough to make much more wider, brighter future ...

The fee WILL go lower and it will happen so much faster in mutual fund than in insurance industry, if mutual fund's agents are not proper financial consultants yet today, they will be gone in no time.

interesting, I was more on refering to she mades all the decision and then ask the agents to go submit form as part of the service.  only when the agent goes missing then client should be able to do it herself with no sweat and by then, she might want to ask for discount

I wasn't here for two days and wow, I didn't expect all these. I hope both you guys are fine over there with all those interesting exchanges of words and ideas. Here, everyone's investing with the same goal, so it makes us partners so yeah chill it.

@Jordy: Yeah, basically all the Public Islamic funds are almost the same in terms of returns and performances. However so, I would still like to know which one's the most reliable and suits me the most. PITTIKAL has been performing greatly over the years, but who knows, maybe the new islamic funds can out-perform it over the next let's say 5-10 years?

So here, I would love to hear from you on your comment or opinions on a few islamic funds. I've highlighted a few myself, which are Public Islamic Equity Fund, Public Islamic Dividend Fund, Public Islamic Opportunities Fund, Public Islamic Sector Select Fund, Public Islamic Select Enterprises Fund. Some of them, the prices are high now, so is it wise to buy at such high prices? I'm quite interested in PISSF as the price is low, but is the prospect good for this fund? Same thing goes for PIDF, PIEF and PISEF, but their prices are slightly higher.

Thanks for your time.

Jordy.

I plan to invest in Public Index fund. What is the advice you can give me about this fund?

Actually, I want to invest in a fund that tracks KLCI. Is there any other fund better than Public Index fund in terms of its annual return?

Thanks for sharing...

I think it is even better if an index fund can outperform KLCI... So, what recommendation can you give me???

Yup, I've noticed that all except PITTIKAL has offshore exposure, which is China, Japan, Korea and Taiwan. So sometimes it has the ability to outperform other islamic funds by double or triple bounds. But, PITTIKAL's price is already soaring high now, is it time to invest in it now with such high price at the moment? 

Plus, market is in a rally nowadays. And Asian major indices are up and down without a significant positive sign.

PIEF, PIDF and PISEF have the strong blue chips which interest me because they are the ones that are stable in terms of performances and returns in the future. I'm interested in PISSF because its now at a lower price than others and its portfolio is considerably a strong with blue chips like Tenaga, Sime in it. But, yeah like you said the timing of the fund's launching is a bad one thus giving the low returns compared to other islamic funds.

And true enough, lower price does not mean better, well I'm considering both price and potential performance, that's all 

So I would like you to recommend which islamic fund out of all these would have the brightest potential in let's say 5 years time? I bet in 5 years time the market will already on the recovery track, no? 

Thanks for your guidance so far 

Hi, I'm kinda new to all this UT stuff, I've bought PBADBF and PBCPEF and planning to invest more. Should I buy new UT or just top up with the current UT I have? i'm also planning to invest in PBEPEF or PFETIF. Any advice?

You know what's funny? Theoretically, everyone doing unit trusts or mutual funds should know John Bogle by now. That guy's considered a legend among mutual fundees.

Every Public Mutual agent I've met so far have no bloody idea who or what the heck is John Bogle, but they sure know who Kiyosaki is as well as some other motivational speaker types that have no concrete investment plan beyond "Think Positive! Tee Hee!"

Anyway, I've read up some mutual fund books, even ones by Azizi Ali, and they tell you the same advice of "For the love of God, invest in funds with low to no load fees, please!" Beyond that, and reading up the prospectus, is there anything else I should know?

Books on local unit trusts so far, I've checked ones by Azizi Ali, Jeffery & Chris Gan. Some guy recommended Milan Doshi. Is there anyone I should look up to?

I'm not going to be any manager or or expert or something. I just wanna know how to invest in unit trust, and how to do it properly, risk or no risk. At least the basics. Nothing advanced for now,

It can't be just as simple as "Read prospectus, then park money at PM at lowest fee," can it?

There are PM agents everywhere where I work, and I can't just jump in, trust myself & my money with these agents. I need to be prepared before I can decide.

I guess not everyone has the luxurious to surf the net day in and out..But by reading the books also won't get you to know all about 'How to invest in unit trust'..  My suggestion is to open up one account with minimum $, play with it, understand how it operates, then learn from there on... Of course if you have a close friend/relative who is not an agent, you can get free consultations anytime, the journey is a lot lesser..

haha, even though i do invest some money in unit trust, i do agree that the biggest problem with unit trust is that you have to TRUST your fund managers. 

best u can do is not to randomly sub your money to any PM agents. for myself, i invested in the same fund that the PM agent and her son invested in, so if one jump, all jump.

my second biggest problem about investing in UT is that monetary wise, i don't really learn anything much about making money. that's why i think we should look at other sources of investment too.

Hi Jordy,

U seem like a kiddo that's just a tad bit condescending.

Let me tell you a secret.  If you are very good with unit trust knowledge, you wouldn't even want to invest in unit trusts.  Think about it.

sheesh....

Jordy,
cannot meh? If not, he has to find a rare, but good consultant which lucks has a big role to play...     Else, he wud probably hear this kinda comments from a everyday-consultant "hey..this is a new fund, just launched, got discount, good buy''; or say "hey..now market is bull run leh, time to top up some money", or "hey...now bear is running wild, do you want to SELL your units and BUY back later..."....  I mean you won't know how UT works until the point you get your hands dirty....we simply just cannot dump in a huge chunk of $$ into UT in a hope that it will grow after some years without personnel enthusiasm being thrown into it.. 

haih..this cannot , that cannot, i think we better put $$ into FD lor..

Jordy/David,
what's the distribution for PITTIKAL, PBF and PFES this round?

Bro,

I think many one them will wait till it launches as price will likely to drop once it is officially launched.
Correct?

Derivatives? Wow - sounds very fancy for a simpleton like me.  Going into properties? Wow - good for you.

If I may be frank - u probably aren't a very good consultant then.  After all, u only invest a VERY small amount of your own personal wealth in unit trust.  U probably don't even believe in what u sell, which is very disconcerting.

PS - please spare me your BS reply about asset allocation, various degrees of investment sophistication etc.

The fact of the matter is your credibility ain't there.  Well, at least with me.  Probably won't make u lose much sleep, no worries.

Think about it.

what u said is true.. this is my mistake to invest without knowledge of financial education.. but i have investment that i have to safe it before becoming worst.. should i withdraw all the money??

market's at/near the bottom? i highly doubt so.. some funds have shot up in excess of 45% since march..

who know to invest public mutual with EPF?

yeah.. when i invest my money there.. im already decide to keep the money there for long term.. maybe for 10-15 years.. is this what im thinking when i invest my money there...

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Added on June 15, 2009, 8:07 pm

im not desperate for money... im just worry about my money that i invest in this unit trust... erm what u means by another 10k... erm u means i have start invest another 10k to backup my investment before?

actually,thanks for ur info...

how abt the ittikal fund? it has a promo for service charge now is it? 5% or something...

It's an established fund. How come it has a promo on service charge? Unless it won any award recently. There's no accounement in the PM website.

Any agent could confirm this?

the rules of the game in unit trust has changed..
i see that you're still sticking to the old rule of holding it 'long-long'..

i didn't say it for the sake of seeking self praise..

i read several articles on managed funds and noted on the changed perspective.. i've got in excess of 5 years in the managed fund industry, both professionally and longer as an hands on investor.

i disagreed with what i've read initially.. but i learnt to test it and i was enormously surprised, i'd say. a lot of rules changed in life.. some are subtle but unfortunately, alot of people are not aware of the changes and continue to accept the retail advice.. because it's "safe"

of course, you can retain your own opinion..

3-5 years not long meh?
let said lah... i bought it unit trust  2 years back..but now ,market go down,value of unit trust also go down..
to recover back my loss, atlease need to wait another 1-2 years,,, so end up..we have no choice to keep long -long period..

concept of unit trust not change so much... is the economy market change only...