aye to that.. you've got a point.. some would use code '999'

3 funds contributed about ~40%(roundup) since late apr-2009..
PIX, PAIF and Smallcap.. i've not closed my book on PAIF yet.

wodenus,

i don't pay commission, remember? of course there're lots of factors involved.. and the best fund that contributed the most profit was the mouthful PFEPRF..

in just a short 3-month period, this fund contributed in excess of $40k(tax free) to my portfolio.. i picked up the scent about PFEPRF at late apr-2009.. and had some brief discussion with this guy, Medufsaid (i'm not sure if he's still monitoring while the profit was good)..

howszat,

the point about dividends/split/distributions are not entirely irrelevant.. it's only a nuisance when agents go peddling about how wonderful the returns by distributions figures alone may have misguided intentions..

a fund distributions has its benefits.. it acts as some sort of 'amplifying' effect to your portfolios.. after a given fund distribution, an investor ends up with more units (albeit the nav didn't change much)..

however, progressive increment of prices will have an 'amplifying' effect.. imagine; just for hypothetical scenario here..

fund goes up by 1cent..
before distribution 1000 units ... (1000 x 0.01 = $10 capital appreciation)
after distribution 1500 units ... (1500 x 0.01 = $15 capital appreciation, moving forward)

of course, one must see both sides of the coin.. the amplifying effect also work when the price goes down (like a sword that cuts both ways; up or down)

i mostly read alot.. fragments of stuff.. you'll be surprized how the non-mainstream news can have profound truth than those nice suited newscaster on the mainstream talks about..

it's a nice thing to listen closely to behavioristic chatters.. i give you an example that helped me in my investment.

during my bumping around the internet.. kepoch-ing around, i kept hearing how many people like about a certain place, sing praises about it, etc.. that place is bukit bintang.. the chatter came from myriads of places, some forums, some professional exchanges, etc..

thus i went to bukit bintang and dig around at a time when there was this forced-sale of a property.. some are doubtful others wanted more convictions..

i worked my due dilligence and purchased it.. it turned out to be a very good money generator.. this was several of years ago..

when behavioral chatters become loud.. like most sociology would attest.. a momentum will build up down the road. i've emptied PFEPRF for the same reason too.. the chatter of housing prices is getting ridiculous.. and thus i left the fund by late oct-2009

i'm not an agent of unit trust.. besides, i'm a protagonist of an agent *lol* because i distrust their intentions most of the time..

so for anyone of you who would like a second opinion about your agent's remarks.. i'm glad to offer one..

yes, most of the time.. when there's a bloodbath.. it's much much safer to enter..
i couldn't predict what's a bottom looks like (there's also a risk trying to catch a falling 'dagger' as well)

but thanks to the ability to switch quickly.. i limit myself to a stop loss of about 2%.

what about now? well.. i'm just uncomfortable about today's economy's situation.. there're lots of bluff out there.. it's how to listen between what's true and what's fake.. nevertheless, it's still better to employ a stop loss with unit trust.

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Added on January 3, 2010, 9:40 pmyou don't happen to have a poor comprehension, do you?
of course nothing happens at the onset of the distribution.. the keyword here is 'moving forward'
that element of post-contribution is what generates the 'amplifying' effect.

This post has been edited by lwb: Jan 3 2010, 09:40 PM

it feels like gambling doesn't it? and it feels good to win some too..?
investing into something that one don't understand is a magnet for trouble..

well, the next time you punt a stock, do remember your safety belt.. your cut-loss. don't just put a buy order and cross your finger, setup your cut-loss level.. it's better to be able to try(punting) again some other day than to loose it too much that your self-esteem is wrecked..

remember code 99?

i hope you're not referring to local reits, are you? the local reits seemed to have this stubborn inertia that it's always get stuck on 1st gear..

i'd pay a close attention to commercial loans regarding reits.. this is what keeping my fingers away from reits.. debts always have a way to spring an ugly ambush..

i still think you're not comprehending what i'm saying here.. you still take the event at point-zero, at the day where the distribution takes affect..

let's take 'moving foward' as something like 1-week after the distribution date.. now, when the fund prices close on that T+1week later is up by 1cent.. what happens to your nav? (as compared to T-1week; a week before distribution happens)

.. do you see the difference here?

what i'm explaining here is also coined as "compounding effect" by the industry.. but i personally like to call it as 'amplifying effect'

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Added on January 3, 2010, 10:07 pmthis is where 'greed' will start to sink in and slowly takes over.. be glad that you've pocketed your 30% (a fairly handsome gain, i'd say)..

investing is like an ongoing lesson to learn about ourself.. we make mistakes countless of times.. i'd rather make baby mistakes than a fatal ones that can wipe off 30% of my capital..

don't worry.. the bear will eventually return.. when it does.. and you are ready for the next great ride.. then consider yourself good as you've learnt a new level about yourself (your own patience)..

This post has been edited by lwb: Jan 3 2010, 10:07 PM

i think i'm merely wasting time.. debating with you as you refuse to 'see' that i'm not referring to the same timeline you're referring to..

moreover, kindly read more about unit trust (i've done my reading/research 2 years prior to investing back in 2003).. i don't want to claim that i have more knowledge than you do..

it's just funny how you only see the way you see, regarding fund distribution.. and you're entitled to your views.

aiyaa.. cimb funds are the most cost ineffective ones around!

maybe our ma'chaa.. here are so used to doing 60rpm(returns per month) that 30 is abit amateurish?! *lol*
vroom.. vroomm.. 60rpm!!

be honest.. what you did is as good as gambling/punting and i hope you're not trying to sell snake oil that claims that you're conservative/don't gamble/punt/speculate... when the very fact you've done in red is gambling/punting

who're you trying to kid here?

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?

keen observation there!
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!

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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.

This post has been edited by lwb: Jan 3 2010, 11:09 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..

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)..

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Added on January 3, 2010, 11:18 pmyou putted 50%.. i've made 65% of out this fund... stim bo?
and i've exited PFEPRF already.. the jolly time for this fund is fading

This post has been edited by lwb: Jan 3 2010, 11:18 PM

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