WOW u so confident, i think u lucky la isn't it? In such situation u might loss $ from UT and then loss to bursa as well.
for me I will hold my UT coz UT for long term investment la.

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Added on January 14, 2009, 7:26 pm

mind to share with us which Fund or UT company causing ur parents loss $ during 1997?
curios cause that time I still primary school kid and me still greenhorn in investment this is 1st time I heard someone said investment in UT loss money till now still couldn't recover.

I switched out when PCSF was 28.55 sen. It was quite obvious back then that momentum is starting to stall. You should have applied cut loss principles and get out if u lose 8% or more etc. So in your case it would have been 26 sen.

Actually it is same one. Buying share also a long term one, except one aims for speculatoin and purely trading purposes.

Holding UT = Holding equities or shares.

Just UT might have 15 stocks in hand, so if one goes down (as you mentioned tabao), UT fund may be suffer a few % drop because still got other 14 in hand which make up the total NAV.

So if an individual holds 15 stocks as identical to the UT fund managers, so situation is exactly the same.

As above example, if the company tabao, you lose 1 stocks which become toilet paper but let say you have 50K for the portfolio buying across 15 stocks, so you suffer a few K losses in your total invested amount which is totally identical to UT situation.

UT is just like an employer hire an employee to do job. May be because the employer doesn't know how to do or no time to do it or whatever reason.

So UT = shares. The different is choosing stocks only. But on local front, there are not many choice of stocks actually, most will consist like Pbbank, YTL, Genting, Sime, IOI etc, which basically can't run away much as choice of big cap and high liquidity stocks are not that many.

So one can actually mimic the UT portfolio if one has some sufficient fund to do it. Don't need to have millions, a few ten K up to around 50K or so can do it already.

UT has one distinct advantage is that it allows diversifcation on small amount of fund, but for those having sufficient fund, the advantage seems not that obvious already as one has the sufficient to diversify on his/her own if wish provided he/she knows what he/she is doing.

Don't get me wrong, don't mean to give negative comment on UT, it has its usage and function for the public and some serve well for public (provided public with some timing), just to explain and give out clear situation so that people won't have the mindset of holding equities UT is not the same of holding shares. Actually it is the same.

To be exact, UT is just another tool that you hire a fund manager to do the job for you. So whether one needs the service or not, it depends on individual needs and situation. UT is just another platform to have exposure in share in different way which can be good as well.

OT a bit, I would like to see some change in UT industry so that management fee charges or service charges based on performance, which is much fair to the investors, they can still charge a fixed floor fee (they still need to pay for office/personnel which I fully understand), but only rise up in par with performance. Just like now it is 1.5% across, no matter how they are doing. With the like eg I mentioned, something like they can only charge 0.5% fixed, but if performance is good then only rise to 1.0% or 1.5% accordingly, which is much fair to investors while indirectly push the fund houses to have more incentive to perform better.

In current structure, it is not fair, as even a fund is doing poorly still charge the same amount with those fund performs magnificient one.

Yes, you make a good point, just like you hire the employee that you fully trust what he/she is doing with no question ask except seeing the result delivered to you.

But we have to consider that bulk of public don't know how to look the financial report, nor knowing whether the company make profit or give dividend or not, or company financial still in good shape or not.

So this (UT) is a better channel for them rather than blindly buy something directly from the market they don't know or clear about.
That's why I said it serves somebody well, but for some, it is not good as they can do on their own while fund has its performance limitation as you said, while at the mean time, for some, they can't do it on their own even having knowledge on it due to other commitment etc so need the service of fund managers.

Intra-day trading is buy and sell on the same day? Or within T+3?

open "Foreign Currency Account" aka FCA

Interest rate never a problem for Malaysia as we never go beyond 3.5% even during hyper inflation last year.

When the rate is low, whether it is 2% or 2.5% or 3%, it doesn't make a lot of impact on the economy. If it was the like 5% and above the you cut it until 2%, then the impact is obvious.

But with FD rate will be at 2.x%, then need to serious look at those good stocks with high dividend.

Immediate target will be Carlsberg (going to give its final dividend which expected around 20~25 cents when releasing its full year result in the coming month). But Carlsberg won't report good financial result due to erosion of market share to Guiness, but some 5% dividend yield still can expect from it.
Don't mean to recommend it, judge your own and buy on your own risk.

today market cold cold.. wondering how will it perform tmr..