Sector funds are aggressive. Risk is high especially at the current volatile market.

The official announcement is out:

Public Mutual declares distributions of up to 10 sen per unit for its funds

Public Bank's wholly-owned subsidiary, Public Mutual declares gross distributions for four of its funds. The gross distributions declared are for financial year ended 31 October 2007:

Public Equity Fund - Gross distribution of 6.00 sen per unit
Public Industry Fund - Gross distribution of 10.00 sen per unit
Public Asia Ittikal Fund - Gross distribution of 2.00 sen per unit
Public Islamic Bond Fund - Gross distribution of 4.00 sen per unit

Public Mutual's Chairman Tan Sri Dato' Sri Dr. Teh Hong Piow said Public Equity Fund and Public Industry Fund have delivered an impressive one-year return of 48.58% and 55.52% respectively for the period ended 12 October 2007 on the back of the strong performance of the local market over the same period, according to The Edge-Lipper Fund Table dated 22 October 2007.

As for Public Asia Ittikal Fund, it has generated a one-year return of 39.56% for the period ended 12 October 2007.

Public Islamic Bond Fund, on the other hand, has generated a one-year return of 4.93% for the period ended 12 October 2007, according to the same The Edge-Lipper Fund Table. The fund has outperformed its benchmark of 3.69% for the same period.

Public Mutual is the largest private unit trust company in Malaysia and it currently manages 51 funds for more than 1,350,000 accountholders. As at 22 October 2007, the total net asset value of the funds managed by the company was RM25.6 billion.

URL: http://www.publicmutual.com.my/article.aspx?id=6363

I'm only going to move to equity if KLCI drops below 1300

OT,

Today marked an important day. After topping up into FD today, my total portfolio exceed RM100k+ liao

From really broke (because of failed business and no salary for 4 months) to RM100k+ in 2 years times First time ever touching 6 digit

I'm so happy

Well, that is quite an achievement dzi921. getting back up after falling so hard is always difficult if u do not have enuf strength, believe & commitment.

Bravo to you

...I'm hoping to reach that level as well....GANBATE!!!

Wow ... dzi921 ... that's a great accomplishment. Congrat, pal! Hope you could share your secrets ...

Very good on you indeed.
Well, I hope that I could achieve the same target as you, but I am studying now.
So, I can only try achieving it with PM or wait for me to start working
Indeed a milestone to you, and congratulations.

2 years+ ago, my business turned sour and failed because our big partners stopped funding. I've lost around RM50k (inclusive of 4 months unpaid salary). That time super broke. Went negative, and I was lucky that my GF (now wife) helped me through the tough time

Managed to get a job. Worked as Support. Starting salary RM3600. Was desperate, so gasak the job.

But after confirmation (6 months later) managed to jump to RM4600 and got married. Job requires a lot of travel so changed my car (9 years loan - no choice, no money)

Then I moved into marketing around 8 months in the company. I ran Malaysia like crazy. Worked hard

Now, age28 I've became top salesman for the MNC Company. A Head of the department. Income jump to RM7k - RM10k (after commission and incentive)

Other than that, I've got side income from adsense. Average Monthly, USD500 to USD700

I've made it,
-With my wife, who is understanding and supportive
-With my GM, who is a sifu
-With hard work and sacrifice. Running around Malaysia isn't easy, but the bright side is the claim and allowance is good
-With the hard work I put on my site. Spent 6 months with many sleepless nights doing it. Now, I've sold my site, in return for 3 years adsense space. No more maintenance work needed
-With the extra mile in work and proofed myself

Frankly speaking, I could have made it to 6 digit much earlier, but due to my overspending on gadgets/rubbish, luxury food, many holidays... the milestone got delayed...

That is why my next year resolution is to cut all those unnecessary cost and hope to save more and invest more

Good example to inspire every1...nothing come easy without much hardwork.
Supportive role is not easy...you should cherish your wife more

OT

So i guess i was right to switch out of PCSF before raya. Current price is low compared to when i first took it out.

Hard work is the key to success. Saving is a must to accumulate wealth.

Treat investment as a tool for your extra money to earn extra money.

saving + investment return = make you wealthy (faster)

Cheers.

A good supportive and understanding wife is something that helps in our financial health
Like what kingkong81 said..cherish her more..

Wow u're really my idol geng nya....from broke from failed business to 6 digits in 2 years + Can see u're really a dedicated & hardworking person from ur never failing posting of PM prices here everyday....

And congratz in reaching 6 digits!!! hehe!!! Soon it'll be 7 digits.....

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Added on November 12, 2007, 11:30 amGosh... drop quite a lot in a day too

This post has been edited by dzi921: Nov 12 2007, 11:30 AM

Hi,just wanna ask can a student open up a public mutual account.And also where top open?

As long as over 18 , can lor ......min 1k. Get an experience agent and invest thru him

can go to any public bank?to open?

Yes you can open direct at PB, but if you are first timer, you need an agent code

Get yourself an agent first before doing anything.