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 Public Mutual to launch Public China Ittikal Fund, Promotional period from 20NOV-10DEC

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TSbeginner
post Dec 8 2007, 05:38 PM

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QUOTE(shanelai @ Dec 8 2007, 04:59 PM)
Hi, i got something to clarify regarding this fund...
Let say i invest liek this:
Min initial invesment is RM1k
then min monthly additional RM100

The fund is count in 0.25 per unit right? then if the ittikal fund starting is 0.25
then after 1 month increase to 0.26. means the previous investment i earn 0.01 correct??
then when i invest the Monthly RM100, it count is RM100/0.26 isit?
If liek this that mean my monthly investment become lesser unit..
Is it count like this?? If yes that mean my return not that high it is possible the next week the share drop to 0.25 again... means i make loss for the previous additional monthly installment of RM100...

Correct me if im wrong..
*
the method where u first invest RM1000, and top up RM100 every mth is called dollar cost averaging.
http://beginnersinvest.about.com/cs/newinv...s/a/041901a.htm
very good method for investors who doesnt want to spend much time(or any time at all) to monitor their investment.
when market high, u get less units per ur investment amount,
when market low, u get more units.
so your average buying price will be the average NAV of the unit trust.

if you use this method, u dont have to worry about buying into china fund at 29cents and waking up the next morning see it plunging down to 26cents. hehe
smile.gif
shanelai
post Dec 8 2007, 05:42 PM

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QUOTE(tkwfriend @ Dec 8 2007, 05:04 PM)
if not mistaken it will average ur price. so when price go down buy more when price up dun buy...
*
huh?? But if not mistaken the monthly installemnt cannot stop paying for dunno how many month, 3 or 6 month i think otherwise the previous investment will be freezed.... What to do???

QUOTE(David83 @ Dec 8 2007, 05:09 PM)
Correction ... it'll be 6.5%.

Do submit a DDI or SI too in order to enjoy future SI to topup to your fund at reduced service charge of 5.45%.
*
Anyway what is DDI and SI???

Added on December 8, 2007, 5:48 pm
QUOTE(beginner @ Dec 8 2007, 05:38 PM)
the method where u first invest RM1000, and top up RM100 every mth is called dollar cost averaging.
http://beginnersinvest.about.com/cs/newinv...s/a/041901a.htm
very good method for investors who doesnt want to spend much time(or any time at all) to monitor their investment.
when market high, u get less units per ur investment amount,
when market low, u get more units.
so your average buying price will be the average NAV of the unit trust.

if you use this method, u dont have to worry about buying into china fund at 29cents and waking up the next morning see it plunging down to 26cents. hehe
smile.gif
*
Sorry not very clear with the average... I do an example as what i said just now
initial RM1000 and monthly RM100... we exclude those service charge and mgmt fee..
initially i got RM1k/0.25 = 4000 unit
then the 1st month if price goes up to 0.26 the RM100/0.26=384.62 unit
Then then then??? dunno how to averag... tongue.gif

This post has been edited by shanelai: Dec 8 2007, 05:48 PM
SUSDavid83
post Dec 8 2007, 05:54 PM

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QUOTE(shanelai @ Dec 8 2007, 05:42 PM)
Anyway what is DDI and SI???
*
Auto-debit instruction (standing instruction).
Jordy
post Dec 9 2007, 01:51 AM

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QUOTE(shanelai @ Dec 8 2007, 05:42 PM)
huh?? But if not mistaken the monthly installemnt cannot stop paying for dunno how many month, 3 or 6 month i think otherwise the previous investment will be freezed.... What to do???
Anyway what is DDI and SI???

Added on December 8, 2007, 5:48 pm
Sorry not very clear with the average... I do an example as what i said just now
initial RM1000 and monthly RM100... we exclude those service charge and mgmt fee..
initially i got RM1k/0.25 = 4000 unit
then the 1st month if price goes up to 0.26 the RM100/0.26=384.62 unit
Then then then??? dunno how to averag... tongue.gif
*
Actually, dollar cost averaging has to be practised long term for it to work.
It is not averaging down on your price, but it is actually lowering your average cost AGAINST the market average cost during the same period.
You can look for an agent and they will explain to you with diagrams, so it'll be easier for you to learn smile.gif
SUSDavid83
post Dec 9 2007, 06:55 AM

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I read a book at Borders regarding Value Averaging and the book said that Dollar Cost Averaging isn't the best method for long term.
Jordy
post Dec 9 2007, 08:33 AM

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QUOTE(David83 @ Dec 9 2007, 06:55 AM)
I read a book at Borders regarding Value Averaging and the book said that Dollar Cost Averaging isn't the best method for long term.
*
Of course it isn't the best, there are always other methods available.
But this is good enough for being as passive as it is smile.gif
tkwfriend
post Dec 9 2007, 01:04 PM

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guys i am wondering
now i already invest 1k
but i never place it as every month auto debit rm100. but is near future if i want to add on will i be charge of 6.5% service charge?
SUSDavid83
post Dec 9 2007, 01:05 PM

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QUOTE(tkwfriend @ Dec 9 2007, 01:04 PM)
guys i am wondering
now i already invest 1k
but i never place it as every month auto debit rm100. but is near future if i want to add on will i be charge of 6.5% service charge?
*
YES. 6.5%.
tkwfriend
post Dec 9 2007, 01:16 PM

I always doubt and always something goes wrong
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QUOTE(David83 @ Dec 9 2007, 01:05 PM)
YES. 6.5%.
*
then in what way i will not be charge?
SUSDavid83
post Dec 9 2007, 01:32 PM

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QUOTE(tkwfriend @ Dec 9 2007, 01:16 PM)
then in what way i will not be charge?
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If you perform a switching from another equity fund. Only pay RM 25 for the switching fee.

In UT, service charge is charged up front regardless it's 5.45% or 6.5%.
kingkong81
post Dec 9 2007, 10:49 PM

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QUOTE(tkwfriend @ Dec 9 2007, 01:16 PM)
then in what way i will not be charge?
*
No free lunch my friend laugh.gif
leekk8
post Dec 10 2007, 11:19 AM

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QUOTE(shanelai @ Dec 8 2007, 05:42 PM)
huh?? But if not mistaken the monthly installemnt cannot stop paying for dunno how many month, 3 or 6 month i think otherwise the previous investment will be freezed.... What to do???
What you mean by freeze? For this DCA, if you stop to do the DDI (direct debit instruction), your investment is still going on, just you won't add on the money every month. Your investment is still there and generating return.

Remember, this DCA is called dollar cost averaging. This is used to average your cost, but not lower your cost.
How to average? Then you must consider the price to go up and down. In your example, you just assume the price going up, so your cost also going up. Take 1 example the price going down, then your cost also going down. This is what we call average.
bafukie
post Dec 10 2007, 11:51 AM

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if for public mutual, if ur bank balance is not enough for montly direct debit for 3 - 4 months in a row... then it will stop auto debit. But ur money inside the fund is still available (ie u can withdraw, u can add money later on... etc etc... its still active) smile.gif
...PS...
post Dec 10 2007, 12:23 PM

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something out of topic... i'm experiencing a very slow respond from the public mutual.com.my page... am i the only person having this problem or it is really the server problem?

i notice about it i think starting a month ago... before that the speed was more reasonable compare to now... any idea?
SUSDavid83
post Dec 10 2007, 06:38 PM

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PCIF will start the trading tomorrow.

China region isn't that strong today:

SSEC 5,161.92 +70.16 (+1.38%)
HSI 28,501.10 -341.37 (-1.18%)
TWII 8,598.03 -124.35 (-1.43%)
kingkong81
post Dec 10 2007, 08:42 PM

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QUOTE(David83 @ Dec 10 2007, 06:38 PM)
PCIF will start the trading tomorrow.

China region isn't that strong today:

SSEC 5,161.92 +70.16 (+1.38%)
HSI  28,501.10 -341.37 (-1.18%)
TWII 8,598.03 -124.35 (-1.43%)
*
Only china is up...major Asia market all drop today...bad news from US affected all the market. Besides, I suppose everyone is waiting for Fed Meeting on 11 Dec, looking ahead towards the interest rate cuts. If the meeting result not favourable...things might not look too good... sweat.gif
SUSDavid83
post Dec 12 2007, 05:53 PM

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PCIF remained unchanged for yesterday trading.
kingkong81
post Dec 12 2007, 09:00 PM

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QUOTE(David83 @ Dec 12 2007, 05:53 PM)
PCIF remained unchanged for yesterday trading.
*
Hmm...mayb d fund manager know there will b a big drop before hand? Since it closed on 10th Dec, start trading at 11th Dec which coincide with Fed meeting. If it is really like that, our fund manager for sure will b grabbing some bargain stocks out there...well this is juz assumption, but if it is real, then hopefully PCIF will fly like PCSF as well.

Tonite DJI poised to open in green , after a big drop yesterday.
(DJI future +78 at current)
Like this, 2mr we might see a recovery.
louisho_84
post Dec 13 2007, 10:30 AM

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tis 1 can play ah ?

i bought public wat china wat i oso dno wat liao..haha..jz lauchned oso d.. n oso osk-uob d triple A and uni asia pacific infrastructure ...

wana try tis ler...bt quite risky since 90% pump into equity...satu kali newspaper shown up BLACK FRIDAY OR BLACK BLA BLA BLA...whole asia share market DROP....thn i drop frm KLCC lor..haha
leekk8
post Dec 13 2007, 10:35 AM

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QUOTE(kingkong81 @ Dec 12 2007, 09:00 PM)
Hmm...mayb d fund manager know there will b a big drop before hand? Since it closed on 10th Dec, start trading at 11th Dec which coincide with Fed meeting. If it is really like that, our fund manager for sure will b grabbing some bargain stocks out there...well this is juz assumption, but if it is real, then hopefully PCIF will fly like PCSF as well.

Tonite DJI poised to open in green , after a big drop yesterday.
(DJI future +78 at current)
Like this, 2mr we might see a recovery.
*
Actually Im quite wondering, do the fund managers start invest once the fund is launched, or they will wait until the initial offering period ends?
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