Unit trust investment

I made an additional unit trust investment again this morning through my Account I in EPF.

So far, I've made my unit trust investments in 4 different funds and at this current moment, the performances for the funds looks encouraging. To be honest, all my investments are being invested in Islamic-based funds.

Obviously, unit trust is a long-term investments and usually we can see the returns in 5 years time. So, now the waiting game begins and hopefully, it'll bring some returns.

I still remember when I made my first investment in 2008. I started with RM5.5k and over the next year and a half my total investment was about RM15k. In Aug 2010 I decided to 'close' the funds and received a return of about RM4k. Not bad lah kan?

So, for the time being, I'll invest in unit trust using my Account I with the aim to 'boost' my EPF savings in the long run.

Some of my friends has asks me whether is it safe to invest in unit trust? I would say, it's another form of investment and you are diversifying your investments by investing in unit trust. After all, you're investing with your EPF money. Rather than keeping in EPF and get about 5%-6% dividend, might as well, invest a little bit in UT to get better returns and boost your EPF savings in the long run. Hehehehe

Anyways, just remember to 'Never put all your eggs into one basket'.

Have a good week ahead....

Borak2....

A friend called me up the other night.

He was asking, whether is it alright for him to invest in Unit Trust via his EPF account.

My answer was....why not? For me personally, it's a good way to invest using your EPF money. I mean, whenever we talk about investing, we must always associate it with risk. There is no investment that is without risk. Even driving a car is riskier....hehehe. I would say...joining a MLM business is way riskier....

After all, the amount invested is not much. Presumably below RM10k(maybe more.....depending on your 'available' amount in Account I). I would say, the risk in investing in unit trust depends entirely up to the investor's way of dealing with risk. Either you're a risk taker or a risk averse. I would call myself as a risk-averse type of person. I'll make sure that upon getting some profit from the initial amount invested, I'll 'sell' and re-invest again. It's kinda hard to explain properly in writing as I'm not well versed in unit trust but I believe that it certainly has helped me in getting some returns. I've been doing it for about 3 years now and so far, it has been reasonably good.....

Anyways, like I said. I do invest in Unit trust and will still do in the future. In fact, I started in 2008. Quite late lah but better late than never. Alhamdulillah, it gave me some returns. Not much but still, a return is a return kan? At least, there's a return from there. Sapa mau kasi extra RM300 or RM2000 or RM1 for that matter without doing anything kan? You work your bloody ass off everyday or work till late at night pun blom tentu your boss will reward you for your efforts...:p

COming back to the topic of using your EPF to invest in UT, I would certainly say, go for it. It might help to further bolster your Savings in EPF in the long run. Obviously you won't be able to use the returns/profits/dividends that you might get as all of it will go back to your EPF account. With a higher amount of money available to you in your EPF account, you can then re-invest it again. Pretty simple idea actually but I'm a wee bit surprised that not many people really see this opportunity.

Anyways, the opportunity is always there for those on the look. Perhaps, this is one of the ways to prepare him or herself for retirement....hehehe

So my dear friends.....go ahead and do it....

10% Profit.....

Yeap....That was the profit that I received for my unit trust.

Not bad eh?

I made almost RM4k during the first 'cycle' about 6 months ago. The fund (PIDF) was introduced to me way back in 2007 or 2008.

I invested about RM10k for the 2nd cycle. So, to get a return of about 10% for the Public Islamic Sector Select & Public Islamic Equity funds in 5 months is good lah. Hehehehe.

Of course, I don't received that money in cold, hard cash. When the time comes, I'll 'sell' it off and put it back in my EPF funds.

I'm a happy man!!

Wooohoooooooo

Unit Trust....2nd cycle...

Since I've made a wee bit of profit from my first ever investment in unit trust a couple of weeks ago, I decided to close the account and put it back in my Account 1 of my EPF savings. So, with that small profit now in EPF, I could get more dividends for this year lah. Again...not much.....

However, yesterday, I've made my 2nd cycle of investing in unit trust. Again, via EPF account I. My cousin now is handling my account for me. So let's see how it goes....''Unit trust is for the long term''-that's what i've been telling myself. But if I can get more or less the same amount that I received in my first cycle, I'll be very happy.....

Updates on Unipark Condo:

1. The lights & fans has been installed last Tuesday
2. The curtains will be up by Sunday
3. The grills will be installed by Wednesday
4. The unit has been advertised in mudah.my
5. Furnitures & Fittings will be done when a suitable tenant has been identified

Hope to write a wee bit about the total cost incurred for furnishing the place later.

Have a good week....Selamat Berbuka....

Unit Trust...again....

Just a quick update on my unit trust issue...

Went to PM's office earlier today to find out about my investments. I requested the statement to be printed out.

I even complained to the customer service about the issue I had with my agent.

Anyways, all is sorted now. I closed my account for the time being in PM. In fact, I've made some money with the little investments that I had. Made about RM4k. Not too bad ehh? My first investment was made in Dec 2008. At least there's profits lah.

Alhamdulillah. So I was told I will receive a letter from them in a week's time and the money will be credited to my EPF account. Perhaps, in 2 weeks time, I'll let my cousin manage my funds for my 2nd cycle of unit trusts investments....

Agent Unit Trust buat hal....

For the last couple of years....2 years in fact, I've made some investments in unit trust via my EPF account. A friend of mine approached me in 2008 and advised me to invest and after much consideration and weighing the pros and cons, I decided to invest in unit trust...

Perhaps, it was my mistake of not keeping in touch with the agent or perhaps, it was her mistake of not keeping in touch with me in updating me on my investments. Perhaps, the investments were a little too low but it shouldn't be an excuse to not contacting me in the first place.

Fast forward to last week when I met my cousin who happened to be an agent as well. He suggested that I go and check to see any profits (if any) on my investments. Of course, when we talk about investments, we always want to see positive returns (is there such thing as negative returns??). So I make a call to this agent of mine and after trying a couple of times, I couldn't get hold of her. Hrmmmm....HOwever, after about 10 miss calls, I finally managed to speak to her and apparently she said she was in a meeting.

Anyway, since she was so busy, i decided to text her instead.

So here are my 'transcripts' with her:

Me: Hi XXXX. How are you? I nak tanya pasal my unit trust actually. Any updates?

Ms L: Abe...Sorry...Psl unit trust tu, I tak dapat buat any transcations coz I don't have your number. U wanna close the account?

Me: hah? what happened to all the investments I've made all this while??

Ms L: Ada lagi...just i tak buat transaction jer...i can't reach u....EPF came out w new form and need new thumb print..

Me: No profit ka?

Ms L: Not much coz to be honest the market is not good

Me: I don't wanna loose any money. I want to see you asap. Thursday nite after terawikh.

Ms L: Ok will do.

Me: Please do....

So there you go. My short communication with my agent. Previously, when she wanted to see me back in 2008, she was pleading and begging just to talk about unit trust. But I can't actually believed it when she said that she didn't have my number as I'm her client for god's sake....

Actually, it's not so much of the profit but I just wanna know what is happening to my funds that I invested. That's all. Perhaps, it was my mistake of not keeping in touch with her once in a while.

Maybe it's time for me to change agents lah. How do you expect to make some returns with an agent who doesn't have your number. That's very bad. She may need to be re-train by her agency on how to service their clients better...

To my cousin Angah, if you are reading this...please call me...free business for you......