As reported past few months, Public Mutual still maintains no.1 position in Malaysia’s Unit Trust industry. As you can see, this is a strong and stable company for investors during current market conditions.
My friends have been Public Mutual Fund agents for quite some time ago and I support them and invest in the unit trust until now. Of course, it will probably take some time before I get to see the results. So do you invest in unit trust? How’s the performance of your mutual fund?
My Latest Investment Date: 8th May 2009
Generally, the return on investment for mutual fund is higher than bank fixed deposit. However, mutual fund stands the risk of losing money whereas for fixed deposit 100% safe since it is capital guaranteed.
The return on investment more or less should be about the same, or maybe a little bit more if you invest in public mutual. Besides, you can buy and sell your unit at any time, so you have more control to buy units when the price is lower and sell them back when the price is higher. However, I suggest you don’t do so as it is a long-term investment and the fact that they charge you administration fee every time you top up or invest new unit trust.
New Way To Invest Public Mutual Fund With EPF
Seriously, for the coming days, I will invest public mutual fund using EPF Account 1. It’s better to get some of your money in EPF account to be managed by public mutual fund.
Invest In Unit Trust Should Start When You Are Young
If you see unit trust as a tool for you to achieve financial freedom 20-30 years down the road then you must start saving let say RM100 per month. Based on ringgit cost averaging, with capital appreciation and distribution of units, your investment will most probably doubled 20-30 years later.
Personal Finance Tips: Before start investing in mutual fund, invest in your mind first so that you will not lose any of your hard earned money. Invest prudently and get some basic investment knowledge by reading and asking people. Then only decide which is the best type of investment for you.
* Please noted that I m not a financial expert and I write this post based on my experience and the fact that I am very close with many unit trust agent of Public Mutual and Public Bank.