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Still, A Good Time To Buy + Recruiting Agent
Posted by gnustiy @ Thu 15 May, 08, 05:19PM under Public Mutual
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 The Malaysian market plunged further in mid March 2008 after my previous call to pump in more capital to invest in the market (unit trust). And this is the time I topped up more than one-third of my initial capital for both PFEDF and PCSF as lauded by all fundamentalist gurus (e.g Warren Buffett, Pat Dorsey...etc) to buy when no one is interested. Ok, I did not top up just to heed their call, but to perform dollar-cost averaging to buy in more units at dirt cheap price. Reason? The funds are near to announce dividend distribution:) So I was pleased when I found out today that my portfolio has twisted its fate from suffering a total of 35% loss to the current 1.74% profit. Power of DC averaging! By the time I received the distribution (which is normally more than 8%), with the growth anticipated, my portfolio would be hitting a healthy 20% in ROI.  This also meant that since the downturn in Jan'08 till now, the growth of the funds are approximately 20% - 30%. So if you have chip in then, congratulations to you! Nonetheless, this is just the start, to me the buying signal is still strong, especially in the long run:) Lookout for PRSEC and the others here. At least for me, I will go for PRSEC next. Ok, I am also hunting for reliable agents in Penang, KL and JB. If you are interested, please feel free to drop me a mail at gnustiy@yahoo.com. In the coming entry, I will explicitly talk about how to select a good fund. Stay tune! leave me a message
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@ Fri 16-05-08 02:11PM
