will you be going to the talk at sunway end of this month?

venue: sunway resort hotel & spa
date: saturday, 27 june 2009
time: 2:30pm - 5:30pm

as usual, it's a 2 program talk (or the so called seminars), by public mutual.

i went for it a couple of times but i find it rather "lonely" as i know more working pmutual staff there than other attendees..
i once tried to strike a conversation with this lady siting beside me.. it's tough, there is this seemingly invisible apprehension when dealing with strangers there.. maybe because, you need to have money to be there.. and folks are protectively when it comes to this turf about personal money.

This post has been edited by lwb: Jun 1 2009, 11:44 PM

it's sad that you don't even know why you're loosing money.. perhaps it would be more unfortunate if and when you feel you had enough of loosing money and decided to quit unit trust.. your experience in this asset class has been marred.

(you've actually and already broke one of the cardinal rules about investing.. to begin with )

it's a terrible no-no.. to have insurance+investment or purchase investment from an insurance company.. goodness grief, how gullible can you guys get?

that's the first cardinal rule of investing you've broken.. putting money into something that you have no idea about.
yes, unit trust is a viable asset to invest.. i took nearly 2 years to learn about it before i plonk down my savings onto it.

i've made exceptionally good money this year from unit trust... my 6 years of investment in this asset has not put me in a loss position at each calendar year's close. but i guess this statement is a sucker for you to indulge without any discernment towards the rule of the game in unit trust.

This post has been edited by lwb: Jun 13 2009, 05:19 PM

which is more important? the investment or the investor itself?..

if you pick the latter, your better chance is to invest in some financial education..

if you pick the earlier one.. here's a saying that perhaps you can consider "if you've just realized that you've dug yourself in a hole.. dig no further"..

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

speculating? well.. the best fund to invest using kwsp now is probably "hor fund"

the market has hit bottom? well, unless you're referring to something over 3mths ago.. i don't see the relevance of what you're saying here.

however.. i got a feeling a "w" is on the way.. so, you might have a new bottom to put it back to relevance again

i think you've got the politically correct term..

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..

i'm sorry to have left out this element.. which is "read critically".. not just any casual reading.

your experience is no doubt valid and shall enrich your life.. i'm not dumb-witted enough not to recognize the value of mistakes.

so long as we've done our due dilligence (with varying methodologies/principles/past experiences/etc).. it's good enough.

that's the essence of a good steward of God's given resources.. which in this context, is money.

feel a little worried on the liquidity in china..
i hope china wouldn't do something drastic (like what thailand has done in the past)..

but then again, draconian and drastic measure will create panic.. and in moment of panic, good opportunity presents itself.. right?

aaaih.. it's like the pain before the child is born.

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Added on July 19, 2009, 3:58 pmwaaa... multimillionaire de!! song bo?
this is quite a clear case of error.. mine comes in multi-million on the fixed income asset allocation too.
lets see if pmutual will follow up with an apology letter.. or i'll write to their ceo about this

This post has been edited by lwb: Jul 19 2009, 03:58 PM

if the multi-million ringgit figure is printed on the first page then shiiok la.
otherwise.. last page, boh euong eh.

i always believe that if you value your own hard earned money(investment).. it's your own prerogative/responsibility to take care of it..

blindly out-sourcing the babysitting of one's own money to agents may not be of your best interest.. of course, if you're just a small investor, the effect is negligible..

but you loose the great opportunity to gain crucial hands-on experience.. (i don't pay agent commission on my investment and because of it, i'm on my own..)

This post has been edited by lwb: Aug 14 2009, 10:09 PM

the hong kong page was probably designed with smaller screen resolutions thus the layout has a more clutter-free feel.
maybe you can write them some suggestion about improving their website(local site).. btw, do you bank with pbank?

investment is always a life long journey.. although you may have an exit strategy, but that would probably reshuffle your portfolio/asset allocations.. do spend some time understand the nature of a fixed-income asset(bond) as opposed to an equity.. they're both important, if you ask me.

but i dread what most newbies would do is to blindly plonk down some money.. "close their eyes" and come back to see how things are going 3-5 years later.. this principle of investing is already a dead dinosaur! vigilance is the new keyword.

from the look of it.. you have lots to read.. before you can start asking good questions..

perhaps they're done by web-designers in hk? i guess you're right about the nicely spaced layout (well balanced between text and pictures) in the hk variant..

waah.. siiooyk, your first account being an import! mine was the tiger "rimau".. i found it too troublesome to deal with the counter-service and hence i went "red" .. i'm so red today that nearly all my assets are parked with them

fixed.. no more ot (but a good ot anyhow)