VC speech

THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT

Red mean buy

Plan your retirement

Six steps to securing your financial freedom in retirement.

Here are six steps to making the most of your 401(k)–and securing your financial freedom in retirement.

1. Focus on Your Goal
Just what is it that you want your retirement dollars to do? As you get closer to your retirement goal, you may want to work on preserving your portfolio. As a result, you may find you no longer want to take on a lot of risk. So think about what you want your investments to do. And if you are now in a position to preserve your wealth, don’t be afraid to shift more of your investments to bonds or cash.

If your retirement is at least 15 years away, you can probably afford to keep more of your retirement plan in stocks. Focus on solid growth investments, such as large-cap stocks. True, the market is full of wild ups and downs, but you have time on your side. Just don’t panic when the inevitable downs come your way (as they have over the past three years). Keep socking it away.

2. Contribute Money NOW
Most of us have thought at one time or another, “I just don’t have the extra money right now to contribute to my plan.” Don’t believe it! Even if you start by contributing just 1% of your pay, you must make your financial future a priority.

This is even more important if your employer matches part of your contribution. Let’s look at an example. Say you earn $35,000 a year and you are contributing 10% of your income to your retirement plan. If your employer matches 100% on the first 4%, your total contribution to the plan is $4,900. That’s $3,500 from you and $1,400 from your employer. Due to the positive effects of compounding, over 10 years’ time, that $1,400 could really add up–to more than $20,000, in fact. And don’t forget the tax benefit. Your $3,500 contribution can shave almost $500 off your tax bill. All in all, a 401(k) plan is a powerful way to build a nest egg.

So start contributing now. Contribute as much as you possibly can. And if you can start with only a 1% or 2% contribution, promise yourself to increase your rate every year until you max out. For 2003, you can contribute up to $12,000 per year to a 401(k) plan, or $14,000 if you’re age 50 or older.

3. Choose Investment Options Wisely
What do people do when they don’t know which investments to pick in their plans? They choose them all. Bad idea. This isn’t like a smorgasbord where you can try a little of everything. It’s important that you understand your investment choices and choose the ones that are right for you.

Let’s talk specifics. If you want growth, start with a stock fund that invests in large U.S. companies. You probably don’t need more than one or two large-cap funds to build the core of your portfolio. Don’t fall into the trap of trying to pick the next home-run investment. When it comes to saving for retirement, consistent, positive growth wins.

If you want stability in your plan, take a look at the stable-value or fixed-income choices. It’s true that interest rates are probably at a low right now, but if you choose a stable-value fund that invests in fixed contracts, you should be able to protect your principal.

Bottom line? It’s all about balance. By choosing a mix of growth stocks and fixed income, you can limit the overall risk you are taking.

4. Think about Your Plan When You Change Jobs
Most of us change jobs about every four or five years. There are a lot of things to consider when starting a new job. How much will I make? What insurance coverage will I have? Should I drive or take the train? But too frequently people forget to think about how a new job will affect their retirement plan. Even worse, some people just tell their previous employer to give them the cash in their 401(k) account. Big mistake.

It used to be that we could look forward to a pension when we reached age 65. No more. Your 401(k) is your pension (for most of us). If you blow your retirement savings on a new car when you change jobs, it’s like landing on the “Go to Jail” square in Monopoly. You’ll have to pay penalties. You’ll have to pay income tax. You lose all that compounding of returns. In short, you never fully recover. So when you change jobs, think carefully about what to do with your nest egg–even if that egg is only a few thousand dollars.

If your previous employer had good investment choices in its plan and you’ve invested more than $5,000, you can just leave the money where it is. If your new employer has better investment options in its plan, you can roll the money over into the new plan. Or, if you want to open up even more investment choices, you can roll the money into an IRA account. Most big investment companies will even allow you to choose funds not only from their family of offerings but also from those of their competitors.

5. Don’t Borrow from Your Plan
The ability to take a loan from your retirement account is often touted as a great feature of some 401(k) plans. But except for extreme circumstances, it’s generally a bad idea. First of all, you are derailing your savings plan. With less money in the account, there is less that is compounding for your future. And if you are paying back your loan, it’s going to be a lot harder to pay the loan and maintain your current contribution rate. Finally, you actually end up paying tax twice on the money you put back in your account.

If you have to borrow at some point in time, try to find other alternatives. Maybe you can borrow from your insurance policy instead, or take out a home-equity loan. Just remember to preserve your retirement account, if at all possible.

6. Keep Beneficiary Information Up to Date
One of the things we always do in financial planning is review your beneficiary designations. And that goes for your 401(k), too. People sometimes wind up with deceased parents, friends from college, or ex-spouses listed as current beneficiaries. Frequently this happens with accounts that were opened when the person was very young.

So do yourself a favor. Call your human resources representative and ask to see your current beneficiary designations. Don’t waste all that hard work socking money away only to have it go to someone who’s no longer a part of your life.

What this all boils down to is controlling your own destiny. If you haven’t started to contribute to your plan, do it today. If you have started, increase your contribution level. Research your retirement plan’s investment options. Make those dollars count. And try not to derail your plan by pulling money out early.

Retirement is taking on a whole new meaning today. It’s a time of life that is full of new choices. You may choose to still work, but at a more leisurely pace. You may be able to try something new you’ve always wanted to do. But reaching that stage of financial freedom takes forethought. It’s worth taking the time today to make smarter investment decisions for tomorrow.

Ini lah bukti keuntungan pelaburan saham amanah

INI ADALAH GRAF KEUNTUNGAN DARI SAHAM AMANAH (UNIT TRUST) P.MUTUAL BAGI DANA PIDF (PUBLIC ISLAMIC DIVIDEND FUND) UNTUK TAHUN 2009. PROFIT DARIPADA TURUN NAIK HARGA SE UNIT YANG DIPEROLEHI ADALAH 33.76%.

Penunjuk prestasi yang dikira adalah dari dec 08 hingga dec 09. 33.76% untuk setahun ? WOW!! Bayangkan pelaburan anda pada tahun itu adalah RM1000, bererti keuntungan hujung tahun yang diperolehi adalah RM337.6. Kecil dari jumlah nya tetapi, jika melihat % nya, cukup tinggi.

Kita lihat angka yang lebih besar, RM10k contohnya pelaburan di dalam PIDF. Keuntungan yang diperolehi adalah RM3376. Hmm!! adakah ini tidak dikira besar ? Cukup besar jika perbandingan dengan tempat-tempat simpanan yang lain seperti bank, tabung2 dll. Tapi jangan dibandingkan dengan pasaran saham.

RM3376 untuk setahun bermakna RM281.33 sebulan selama 12 bulan. Analoginya, pendapatan tambahan untuk sebulan yang diperolehi adalah RM281.33 hasil daripada pelaburan RM10k. Tetapi ini pengiraan diatas kertas. Jika mahu ia menjadi kenyataan, maka penjualan unit tersebut harus dilakukan.

KITA LIHAT DANA YANG LAIN…..

PCIF – Public China Ittikal Fund. Dana yang mengalami kejatahunan yang amat teruk selepas pelancarannya. Dan sehingga sekarang masih lagi belum ‘break even’. Tetapi lihat sahaja graf prestasi bagi 2009. Keuntungan 42.88%, Wow!! sekali lagi wow!. Tetapi harga PCIF masih lagi tidak dapat melepasi harga sewaktu mula-mula jualan dahulu.

Tetapi kenapa ada keuntungan disini ? Bagaimana nak dapat keuntungan seperti ini. Ini lah pentingnya Regular Investment, kos seunit belian akan menjadi rendah jika kita membuat penambahan pelaburan keatas dana yang telah dibeli. Buktinya, PCIF tahun 2009 mendapat keuntungan 42.88%

LAGI dan LAGI!!

KEPADA PELABUR

Trauma 2008 akibat kejatuhan yang mendadak keuntungan dana unit trust menyebab kita menjadi ‘fobia’ terhadap pelaburan-pelaburan kita yang ada. Jika fobia ini menganggu kehidupan tuan-tuan, inilah masa yang sangat sesuai untuk lari dari keadaan ini dan letak pelaburan tuan-tuan di tempat yang selamat seperti ASB, tabung haji, FD dll seumpamanya. Tetapi jika tuan-tuan ‘Tegar’ dan memahami risiko-risiko yang ada dan untuk jangka yang panjang, tetap lah terus bersama pelaburan tuan-tuan yang ada. Sejarah, rekod dan nombor2 yang ada pada petunjuk prestasi unit trust public mutual boleh menjadi panduan dan bukti untuk Tuan-tuan berasa yakin terhadap kerja-kerja yang dilakukan oleh pengurus dana dalam mengurus dan melabur duit tuan-tuan yang ada. Sejarah, rekod dan nombor2 penunjuk prestasi dana boleh dirujuk di www.publicmutual.com.my

Setiap orang ada instinct pelaburan masing-masing

Peniaga pasar malam melabur wangnya dalam perniagaanya, pelabur hartanah melabur wangnya didalam hartanah, orang makan gaji menyimpan wangnya di tempat simpanan/pelaburan yang memberi pulangan. Setiap orang ada kepercayaan masing-masing berdasarkan pengetahuan yang mereka perolehi. Orang yang ada syarikat trading, bila diajak untuk membeli rumah membuat property income, mereka akan kata ‘ohh! saya gunakan duit saya untuk rolling bisnes saya’, begitu juga orang yang terlibat dengan property, mereka akan kata. ooohh, kenapa simpan duit di FD, beli rumah dan sewakan… kamu akan dapat keuntungan yang besar.

Dan jika ditanya kenapa orang memilih untuk simpan sahaja gaji bulanan mereka di Tabung Haji atau ASB, kerana mereka yakin akan pulangan tetap yang diberikan pada setiap tahun tanpa perlu bimbang akan risiko kehilangan wang pelaburan…Masing-masing ada kecenderungan masing-masing. Ada kepercayaan tersendiri berdasarkan faktor-faktor pengetahun, pengalaman, sejarah, rakan-rakan dan lain-lain sehingga mereka mengambil keputusan tersendiri dimana harus membuat pelaburan. Tetapi akhirnya sudah tentu pelaburan itu untuk masa hadapan yang boleh digunakan untuk menjalani kehidupan di hari tua.

Didalam forum-forum internet yang saya ikuti, jika perbincangannya adalah berkenaan property, mereka akan mengatakan property adalah yang terbaik. Jika perbincangan adalah ASB, ASB adalah terbaik dan jika perbincangannya unit trust, maka unit trust lah yang terbaik. Jadi bagaimana membuat keputusan ?

Ikut kemampuan, ikut kemahuan dan lihat profile diri sendiri kecenderungan kearah mana. Semuanya berbalik kepada bagaimana kita mengurus kewangan. Peniaga pasar malam, guna wang mereka untuk rolling modal, mereka juga hidup senang boleh menampung kehidupan seharian, boleh membesarkan anak, boleh mempunyai kereta dan boleh mempunyai rumah. Mereka tidak  main property, mereka tidak masuk unit trust. Tetapi mereka percaya dan yakin akan apa yang mereka lakukan, dan yang pastinya berjaya.

Begitulah juga kita, bagaimana kita menguruskan kewangan. Yang penting, simpanan harus dilakukan. Dimana tempat untuk disimpan? Kita harus mendapatkan knowledge yang secukupnya. Unit trust ? Ya, ia satu tempat simpanan yang baik. ‘Figure’ yang menceritakan segala-galanya

P/S: Pengiraan keuntungan dana-dana diatas adalah dikira berdasarkan setahun 2009.

Pay yourself first

5. Have a Savings Plan

Pay yourself first! If you wait until you’ve met all your other financial obligations before seeing what’s left over for saving, chances are you’ll never have a healthy savings account or investments. Resolve to set aside a minimum of 5% to 10% of your salary for savings BEFORE you start paying your bills. Better yet, have money automatically deducted from your paycheck and deposited into a separate account.

Merempit OD

We can manipulate the facilities offered by bank and turn it into our investment portfolio.

1. Buy a house and let ppl pay for the asset. But make sure there is a positive cash flow in our budget, means that the monthly rental must be higher than installment for the bank

2. If you can get a house with 70k price and full loan package, make sure the installment less than 500 per month because it’s hard to find a house here in kuantan with rental over than that.

3. There is another option to invest like properties. PPL who are expert in financial used OD collateral with ASB to generate capital that growth by its dividend and bonus. Some simple calculation of OD vs ASB

- You have 50k cash in saving account.

- Transfer to ASB and convert it into certificate.

- Bring the cert to any bank which is offer OD collateral with ASB.

- Take OD with BFR -1% (depend to bank)

- We have cash 50k given by OD and we can rempit for another round to buy ASB, and convert it again into certificate. D0 it until reach the maximum amount allow by ASB 200k. With 200k, we can get 14k per year for its dividend which is equivalent to 1200k per month. It is like we have properties without worry of maintenance or complaint by tenants.

- The exact calculation can get from any finance forum who are extensively discuss OD ASB among their forum members.

2009, a repeat of 1993?

• Asian economies have recovered quickly following their brief bouts with recession earlier this year as domestic fiscal stimulus and the recovery in the Chinese economy have helped buoy growth.
• December 1993 saw the single largest monthly gain in Asian equities since 1987, with shares rising 24% as a surge in liquidity flows at year-end sought the “Asian growth story”
• Looking back, 2009 has seen Asian equities experiencing a similar performance gap, with Asian equities rising nearly 65% versus the more modest 24% rise in US equities year to date.

2009, a repeat of 1993?

While we agree with the many commentators that suggest that the events of 2007-2009 are unprecedented, such statements, we have argued over the past year, are probably more appropriate in describing the scale of the recent crisis rather than the actual crisis itself.

Looking at the mechanics of the 2007-2009 crisis, one can find the broad framework that underpinned previous crises around the world, and in particular, given the US-centric nature of the recent crisis, the US savings and loan crisis of the late-1980s and early-1990s.

For investors, however, the similarities with the US financial crisis of two decades ago, may not end at the causes of crises themselves, but potentially include the recoveries in the economies and financial markets as well.

For those too young to recall, the boom in the savings and loan industry in the US in the 1980s led to regional real estate bubble which burst upon the industry’s collapse in the later part of the decade, leading to the US recession of 1990-1991.

The US recovery following that recession, much like the current US recovery, was described as “jobless” with unemployment staying persistently high into 1993-1994, almost two years after the US economy bottomed.

In contrast to the somber economic tone in the US during that period, Asian economies continued to grow, largely through “market share” gains in global manufacturing as the outsourcing boom picked up pace.

Similarly, today, Asian economies have recovered quickly following their brief bouts with recession earlier this year as domestic fiscal stimulus and the recovery in the Chinese economy have helped buoy growth.

This dichotomy in economic prospects in 1993 led to a near doubling (+98.8%) in the MSCI Asia ex-Japan in 1993 while the MSCI US rose a more modest 7% on the year.

Perhaps, as importantly, December 1993 saw the single largest monthly gain in Asian equities since 1987, with shares rising 24% as a surge in liquidity flows at year-end sought the “Asian growth story” and refuge from the US economic malaise.

Looking back, 2009 has seen Asian equities experiencing a similar performance gap, with Asian equities rising nearly 65% versus the more modest 24% rise in US equities year to date.

Equities were not the only beneficiary from the liquidity surge into Asian assets, with the deluge also driving up local real estate prices with Hong Kong residential prices climbing nearly 40% through early-1994, very similar to the 27% rally in prices seen year to date.

While history is useful for investors, lessons going forward will be more critical. We believe the 1993-1994 period provides this as well. While late-1993 was breathtaking in the speed of the ascent of equity markets, early-1994 was as surprising to investors in the swiftness of the subsequent decline.

Following the 24% rise in the MSCI Asia ex-Japan in December 1993, Asian equities began 1994 with a 7% fall in January 1994 which deepened to a near 22% decline by end-March 1994 as the period of extended easy US monetary policy (which began in 1990) finally reversed with the US Federal Reserve’s rate hike in February 1994.

The good news for today’s investors is that Citi does not expect the current period of easy US monetary policy to be reversed until the fourth quarter of 2010.

Indeed, Citi’s US economist Roberto di Clementi noted that the persistent weakness in US job creation which is expected to continue through mid-2010 likely precludes an earlier, overt tightening by US policymakers. Similarly, rate hikes by the European Central Bank are not expected until 2011.

However, other developments around the world more subtly suggest that the swing towards tighter policy later in 2010 has begun.

Recently, the Federal Reserve has ended its programme to buy up to US$300 billion (RM1.02 trillion) in Treasury bonds to help keep long-term rates low while its programme to buy US government-guaranteed mortgage securities is scheduled to end in March 2010.

In contrast to 1994 and similar to the subtlety of US policymakers in this cycle, recent Asian and emerging market policy shifts have tended to signal a move away from the easy policy of early-2009 and are showing signs of potentially overt tightening moving into 2010.

Indeed, over the past several months, we have seen Asian and emerging market policymakers move to address rapidly rising domestic asset prices, a fallout of easy domestic and global policy of the past year.

As noted earlier, in 1993, similarly easy policy translated into sharp rises in real estate prices throughout the region. Investors familiar with the history of the 1997-1998 Asian crisis will recall that this sharp rise in asset prices (and associated rises in leverage in Asian economies) contributed to the severity of the Asian crisis.

Recognising these risks, Asian policymakers have begun to tighten administrative measures to try to allay these concerns.

Hong Kong, typically non-interventionist in its policy, recently raised the minimum down payment required for real estate purchases while Singapore, responding to rising mass market residential prices, has sought to increase supply into the market as well as raise annual values (and thus property taxes) on HDB properties to try to cool the fervour in the market.

China most recently sought to encourage its banks to raise additional capital, signalling an unwillingness to encourage greater levels of local financial system leverage.

Taiwan, looking to address the issue at its core, has sought to stem the inflow by banning foreign investment in time deposits, thus precluding offshore “hot money” from being used to speculate on the currency.

Perhaps most aggressive has been Brazil which announced a tax of 2% on capital flows moving into fixed income and equity investments to stem inflows which had been exerting upward pressure on the currency.

While the steps taken by various policymakers have been moderate, the moves signal their intent: a reluctance to entertain more meaningful domestic currency strength while at the same time, frowning upon rapid rises in domestic asset prices.

More recently, however, the “standstill agreement” requested by Dubai World over the past week has moderated the risk of a market driven asset price surge, much like the one seen at the end of 1993 when the MSCI Asia ex-Japan rose nearly 24% in December alone.

At Citi, we remain optimistic on the trajectory of global economic recovery moving into the new year. However, increased investor caution, as we begin 2010, is warranted as the catalysts which drove global equity markets through much of 2009 lose their tailwind of government stimulus.

Like those viewing the markets in late 1993 looking forward into 1994, Citi believes that moderate expectations about return potential available in 2010 global equity markets are warranted as is a more active approach to evaluate, manage, and moderate risk within their portfolios as we ring in the new year.

Norman Villamin is Citi director of wealth management, Asia-Pacific.

Rich ppl didn’t get rich with their education

• Bill gates
• Micheal Jordan
• Madonna
• C.Ronaldo

Housing Lot to sell – Just near to the UMP Pekan

Tanah lokasi strategik. Sesuai untuk pelaburan di masa depan. Sebelah pagar UMP je. Boleh buat rumah, duduk sendiri atau sewa

sebelah pagar UMP……

Tanah berjiran dah siap pecah lot dan SOLD OUT

 

Property for Auction

A house for auction with bid price start at RM58,500

if you want to have properties, it’s good to start with auction house. Yes! of course, the price is under market value.

COTTON JAPAN, QUALITY BANDUNG PASAR BAROE UNTUK DI JUAL – STOCK TERHAD

How’s our unit trust today ?

Read the following report from BURSA MALAYSIA. Price of unit trust is reflect from index of Bursa.

‘Stocks in Bursa Malaysia extended their winning streak to a third day Friday, gaining 3.73 points to close at 1233.82 points on the back of gains in selected heavyweights and improved buying interest despite slightly worse-than-expected export data.’

Everyone is an investment manager

23-06-2008:
by Ang Kok Heng
Email us your feedback at fd@bizedge.com

Everyone who invests is also an investment manager himself. Although professional investment managers are employed to handle investment decisions for most of the investment products, in many areas an investor himself has to make the crucial decisions. Some of these decisions include when to invest, which one is better, how much to invest, when to take profit (how about losses), when to switch, when to add, etc. An investor himself will have to make many decisions even though financial consultants, investment advisers, financial planners and fund managers may provide advice from time to time. The final decision of an investor will very much be influenced by his risk appetite, expectation, cash flow needs, investment history, investment experience, etc Simplest investment needs decision Even the simplest investment, ie putting your excess money in fixed deposits (FD), requires a decision.

The questions that come to mind immediately are which banks provide higher interest rates, how long to place (one month, three months, 12 months etc), how to allocate between FD which provides a higher interest rate and the smaller interest-bearing savings account. Fortunately, most banks provide competitive rates and there is less need for extensive comparison. Furthermore, the interest differential between different maturity durations is small and as such, most people opt for shorter tenure of one-month maturity for FD. In view of the current low interest rates offered by banks, it may not be necessary to crack the brain to pick and choose, unless the amount is substantial. Complexity arises when some banks develop innovative products to lure customers, especially the high net worth individuals. Some of these are high interest rate foreign currency deposits, interest upfront deposits, etc.

Smart Saving for Long Term Investment

• Tahun 2008, ekonomi dunia mengalami kejatuhan yang sangat teruk dan impaknya HARGA UNIT TRUST TELAH JATUH MERUDUM

• Kesemua dana islamic P.Mutual mengalami kejatuhan harga dan profit yang sangat dasyat dan contohnya dapat dilihat seperti graf diatas dimana dlm setahun, kerugian PIDF adalah 29.18%
• Sejajar dengan konsep “long term investment”, kejatuhan tersebut mengalami proses pemulihan dan seperti contoh PIDF, keuntungan kembali di jana 1 tahun kebelakang

• 

Dan DANA-DANA YANG LAIN JUGA TURUT MENGALAMI PROSES PEMULIHAN

• Terdapat beberapa dana yang telah mencapai “break even” iaitu telah melepasi harga belian pelabur. Jika para pelabur merasakan kesan psikologi yang merimaskan ketika kejatuhan tahun lepas, dan berhajat untuk melepaskan semua pegangan dalam dana, boleh lah menjualnya sekarang dan mengambil keuntungan yang ada

• UPDATE TERKINI SETIAP AKAUN PELABUR AKAN DIKEMASKINI SEDIKIT MASA LAGI SEHINGGA SISTEM PELANGGAN SAYA KEMBALI DIAKTIFKAN.

Islamic Unit Trust – A promotion

PCIF – China economy boom!

This article was copied from PM website.

Public China Ittikal Fund

The Chinese economy is expected to lead emerging markets in a period of economic recovery throughout 2009 and 2010. Investors who are optimistic about China’s medium to long term prospects should consider investing in Public China Ittikal Fund (PCIF). Investing in this fund will enable investors to capitalise on the opportunities of the Greater China markets, which includes Hong Kong and Taiwan. Enjoy special service charges when you invest into Public China Ittikal Fund during the promotion period from 16 June 2009 to 31 July 2009.

Dividend Ittikal and PIEF

Public Mutual has announced distributions for five of its funds. The total gross distributions declared are for the financial year ended 31 May 2009

Public Ittikal Fund

6.00 sen per unit

Public Islamic Equity Fund

1.75 sen per unit

Lagu untuk Rempit

KISOH MAT REMPAIT
Lagu / Lirik : Fairuz Hafeez

Naing kisoh mat rempait dok seraik-seraik
Suke sangak merempait biarpung garaik
Dok kire jalang steraik ataupung sempait
Kuna liper punyalah baek

Satauh haraih deme pakat berlumbe
Dok ingak setarang nyawe bukang percume
Jalanraye bukannye hok dime saje
Tapaih hok kite semue

(Chorus)

Tengoh sedak merempait kubo menyelait
Dok dang gih tekang brek jatauh tergulaik
Aduh aduhlah sakait deme bertempaik
Datang polis terapaik deme tersepait
Cari penyakait (Cari lagi nyakait)
Bulehlah sakait (Kang buleh sakait)

Ingatlah waktauh sihat sebelung sakait
Dang gih masauk lang spital susah nok tubaik
Siang ke urang tue wak kuor duit
Nok bulaih ke anoknya balaik

(Solo & Repeat until end of chorus)

Kepade adik-adik jadilah baek
Jangang diikaut sangak prangai dok molek
Hidup di dunie mesti beringat sikait
Barulah sumue dok suspek
Uraung kampung semue respek
Barulah sumue dok suspek
Uraung kampung semue respek

Lagu / lirik : Fairuz Hafeez

Mat Rempit semua, insaflah sebelum tergolek !
Hati-hati naik motor, jangan sampai accident !

http://fairuzhafeez.co.cc

Good news for OD hard core

Since PNB hold all the new application for OD ASB, this is an opportunity to unit trust holder to apply OD Unit trust from Public Bank.

***********************

Dear Mr Kamarul,

We thank you for your interest in Islamic financing.

This product is actually similar to overdraft facility under conventional banking except this product operates based on Shariah principles (Al Bai Bithaman Ajil). The purpose is actually for working capital, refinancing of assets, Investment and also personal use. However, the purpose of obtaining the Cash Line Facility-i and all activities related to it must not contravene the Shariah principles e,g gambling activities, sale of liquor,etc.

Presently the profit rate is based on fixed rate between 7.5% to 8.9% . Maximum tenure 3 years. A collateral in the form of property or Islamic Fixed Deposit is required.

For Unit Trust, we only accept Islamic UT under Public Mutual and the purchase of UT is on cash basis (EPF withdrawal is not allowed).

For further details on the requirements and to obtain the application form, you may approach any of our nearest branch.

Mohd Khalil Ismail
Manager, Product Development
Banking Operations
Public Islamic Bank

From:        Kamarul Hawari bin Ghazaliq <khg9973@yahoo.com> on 19-06-2009 02:35 PM

To: islamicbkg@publicislamicbank.com.my
cc: customersupport@publicbank.com.my

Subject: Email Type (Enquiry) from Kamarul Hawari bin Ghazaliq

This email is sent from Public Bank Contact Us form.

Personal Information
——————–
Title*              : Mr.
Full Name*          : Kamarul Hawari bin Ghazaliq
Mobile Phone        : 017-7712224
Email Address*      : khg9973@yahoo.com

Enquiries / Feedback
——————–
Subject*                    : Enquiry
Category*                   : Personal Banking
Type of Product / Service*  : Islamic Banking
Specific Product / Service* : Cash Line Facility-i

Comments
——–
Dear Customer Service.

I would like to know detail about your product cash line facility-i. I heard that we can apply the OD using unit trust. Can you explain a little bit detail about this.

Regards

Brief report to those who are planning to buy additional unit

Dear respected investor,

Here i made a report on the current performance of PM unit trust fund.

1. Ittikal from 18.6.07 – 16.609: 2 years back. As you see in the chart, the price of ittikal still did not achieved break even price as jun 07. Means that, the price per unit that we buy two years ago is still high compare to the today’s price.

2. It’s same goes to PIDF – The price is still lower compare to the average cost of our unit.

CONCLUSION

AS THE CURRENT WORLD ECONOMIC IS SLOWLY RECOVERED, OUR UNIT TRUST PRICE IS STILL LOW COMPARE TO THE PRICE BEFORE ECONOMIC RECESSION. SO, IF WE ADD UNIT NOW, IT WILL LOWER DOWN OUR AVERAGE COST PER UNIT.