Otai Budget

Knape Aku Mmg CUKUP TAK SKE Mutual Funds

2009-11-04T06:58:00.000-08:00

Last entry kite dah cover benefit2 yg kite leh dapat if kite invest dlm mutual funds. Basically, main benefits dieq ialah investment diversification and lower transaction cost. Tp dlm entry kali nie, aku nak share pendapat and theory aku. Aku nak explain kat korang knape aku cukup x ske mutual funds and knape aku rase mutual funds lg risky drpd invest dlm shares kat share market tu. Okay, maybe ramai yg x setuju ngan pendapat aku nie (professor ACCT 402 aku pun mesti pangkah aku), tp… aku tetap rase pendapat aku nie ade btul nyer. So korang pk2 lar yerk..

Skang kite dah tau the main reason invest dlm mutual funds ialah “dun put all your eggs in one basket”, so that if ade baskets yg ilang, kne curi, or rosak ker.. kite still ade baskets yg lain. Even though theory nie makes sense, ade a few things aku x setuju...

Okay aku nak tanyer korang, maner lg senang nak jage? Jage 1000 baskets ker... or jage 5 baskets jeq? Nie bukan “rocket science”, obviously jage 5 baskets lg senang. Lgpun, if kite ade 1000 baskets, kadang2 org curi pun kite x sedar. Lg satu point aku, kenape kite kne ade byk baskets? Adekah kite MMG DAH BUDGET ade baskets yg akan ilang atau rosak? If tu alasan kite, makne nyer kite mmg dr awal2 lg dah bg peluang kat diri kite sendri utk melakukan kesalahan… Dlm investment, kesalahan adelah sesuatu yg amat merugikan, especially if korang x blajar ape2 drpd kesalahan korang…

Ade org kate, “kne ade byk baskets bro… play it safe”.

Pade pendapat aku, mutual funds adalah utk org yg x sure, or x tahu ape yg diorg nak. So, sbb xtau nak pilih investment maner or company maner, dieq belasah jeq sume. Kalau kite tgk investors2 yg berjaye, Warren Buffett, Donald Trump, Robert Kiyosaki (mamat nie favourite aku)… sume nyer FOCUS. Meaning, diorng hanye invest dlm certain things, bukan nyer sebat sume. Nie sebab diorg tau ape yg diorg nak.

Lg satu mende yg aku rase ‘menarik’ (or maybe pelik?), kdg2 org yg invest dlm mutual funds pun x paham ape yg diorng invest. Maner x nyer, sbb diorng just bg duit kat someone yg wat sume nyer utk diorang, from A to Z. If harge mutual funds diorng naik, diorng mmg ske… tp biler aku tanyer knape, diorng pun xtau.

Pade aku, investment yg paling risiko ialah investment yg kite x tau ape2, in other words, invest dlm something yg kite xtau. Aku ske main share sbb aku leh follow company tu sendiri. Utk pengetahuan korang, company yg listed kat stock exchange WAJIB inform kat stock exchange if diorng ade maklumat2 baru yg penting, yg leh affect harge saham diorng. So, korang leh tau lar nape harge saham tu naik or trun. For example, aku ade invest dlm satu mining company nie kat Australia. So, if aku nak tau progress company nie.. aku leh gi kat http://asx.com.au/ and type name company tu. So aku tau lar if diorng ade projek baru ker, if diorg tukar director ker, tukar CEO ker, ade mslh x cukup duit ker…

Baru2 nie aku baru blajar (aku experience sendri) yg even company yg bagus and ade byk profitable projects pun harge saham dirong leh trun. Sebab, diorg x cukup duit nak proceed ngan project2 dirong, so diorang offer saham dgn harge yg murah berbanding market price utk attract existing and potential investors. Aku ingat lg, company tu offer share dgn harge 13.5 sen. Before offer tu, market price 20 sen. Lepas company tu wat announcement pasal offer tu jeq, harge saham tu pun jatuh sampai 13.0 – 13.5 sen.

Okay, maybe ade org akan argue point aku and cakap “aku xtau lar nak bace graph share tu bro, lg pun maner aku nak tau saham maner yg bagus…”

Okay, sape kate korang kne wat sume kejer nie sendiri, aku pun x galakkan. Bg yg baru nak berjinak2 dlm share market nie, aku cdgkan korg gi cari broker, sruh diorg yg pilihkan company yg terbaik utk korang. Lg satu korang kne ingat, ade broker yg charge murah service dirorg, ade yg mahal. Aku ske gi yg mahal. Sbb pade aku, aku sanggup byr mahal sbb aku tau diorng mmg somebody yg ade reputation dah boleh diharap.

Lg best if broker tu pun main saham skali. Sbb if dirong pun main saham, diorng tau ape diorang cakap. Certain broker, especially yg murah2 tu… diorng pandai jeq cakap, tp diorng x wat ape yg diorang cakap coz diorng sendiri pun x confident ngan ape yg diorg cakapkan. Pendek kate.. diorng nie leh diibaratkan salesman jeq larr.. bukan financial advisor. Tp ade jeq broker yg murah tp mantap… So, korang pandai2 lar pk sendiri.

Tp x semesti nyer sume company yg broker korang pilih tu leh wat untung. Normal lar tu… maybe dlm 5 company 2 atau 3 jeq yg okay. If lima2 rugi, gi lar tukar broker lain…huhu mmg xleh pakai nyer broker.

Slalu nyer broker nie akan suggest company dr industry yg dieq tau. Cam broker aku, dieq mmg cakap kat aku dieq pandai bab2 mining, so aku suh dieq suggest 5 company mining yg terbaik utk aku. And aku pun tanyer maner company yg dieq invest. Ade company tu, dieq dah beli 4 kali, so aku akan consider company tu lar. Tp aku ckp kat dieq, final decision, company maner nak pilih, biar aku yg wat, so that aku leh blajar care nak wat decision, and aku pun x ske org lain decide utk aku, especially bab2 duit nie. Suggest xpe… decide utk aku… x dpt beb! =p

Korang pun leh blajar sendiri. So that next time, korang lebih arif dlm permainan share market nie (aku pun baru blajar, so blum OTAI lagi). Pd aku, lg byk korang blajar, lg rendah risiko nyer. Sbb korang leh tau maner investment yg bagus and maner investment yg x bagus. If nak compare dgn mutual funds, mmg korang xkan blajar lar, sbb from A to Z, sume fund manager korang wat.

In other words, mutual funds nie adalah utk org yg nak main saham, tp xnak or malas blajr main saham. And mutual funds pun sesuai utk mereka2 yg ske org lain decide ape yg terbaik utk diri diorng. Ataupun utk org2 yg suke menyerahkan nasib dieq pade org lain. Dan aku tentulah bukan dr golongan itu… Aku rela rugi and blajar dr kesalahan aku, so that aku leh make sure aku x ulang balik kesalahan tu… drpd 100% accept kesalahan org lain and x blajar ape2... mcm tu sampai biler pun x maju…

Okay, nie last point aku. If korang refer blk mechanism mutual funds dlm last entry aku… korang leh nmpk yg institutions2 yg manage mutual funds nie (contohnyer Bank X dlm diagram tu) guna duit korang utk investment2 diorng. So basically, korang yg menanggung most of the risks. If diorng wat decision yg salah, korang lar yg kne menanggung akibat nyer. Yg sedih nyer, dah lar korang yg menanggung most of the risks, diorng nyer untung lg byk drpd korang. If korang main saham, normally broker korang hanye amik 1% drpd untung korang (or 5% aku pun dah lupe, nanti aku check balik). So, lg untung lar main share!

Just nak summarise sume point aku… aku mmg cukup x ske mutual funds sbb aku xtau ape bende yg aku actually invest, aku xtau actual progress company2 aku, aku xleh blajar ape2 and serahkan nasib aku pade org lain, and untung dieq lg sket compare tu main share. Lastly, sbb aku x leh nak closely monitor setiap company dlm mutual funds, aku rase investment tu lg risiko drpd main shares.

InsyaAllah next entry aku nak suggest ape investment yg terbaik utk korang. So jgn lupe follow next enrty OTAI BUDGET yerkk… Salam!

REMINDER: nie sume pendapat and theory aku jeq.. if nak wat ape2 consult lah financial expert yg lebih mengetahui.

Mutual Funds/ Unit Trusts vs "Main" Shares

2009-11-01T01:57:00.000-07:00

Okay, investment mane lg bagus? and lg kurang risiko? mutual funds kerr.. main shares? Okay dlm post nie kite discuss dulu benefits yg kite leh dpt from mutual funds. If aku nak compare due2 skang, x tdo lar aku mlm nie. huhu...

To begin with, mutual funDs and unit trust same. Hehe.. ade org still confuse pasal due2 investement nie. Aku pun dulu confuse gak mule2. Basically dlm unit trust korang bg duit korang kat someone, diorg manage and diorg decide ape investment terbaik. Normally mutual funds nyer portfolio investment ade shares, bonds, properties, commodities, and etc. The main objective is to diversify (mksudnyer mempelbagaikan) korang nyer investment.

Sape yg x paham or still x clear, camnie mechanism dieq..

Lets say Bank X bukak satu mutual funds investment nie. Duit yg dieq dpt drpd investors diorg invest dlm 1000 company kat China. Harge satu unit mutual funds, Bank X yg tentukan. Harge tu bergantung pd overall performaance 1000 company kat China tu.

Duit korang --> invest, --> Bank X --> invest --> dlm 1000 company kat China.

Secare tidak langsung kite leh ckp yg korang actually invest dlm Bank X, and Bank X yg invest dlm macam2 investment kat China.

Hopefully korang paham. Jgn bertambah pening lak.

Biase nyer, funds manager yg promote mutual funds akan cakap "dun put all your eggs in one basket". Nie ayat buku text aku. Maksud nyer, jgn invest duit ko dlm satu company jeq. Logically btul ar tu. Lets say if satu basket ilang, kne curi ker, or rosak ker, korang ade basket lain. Kire bahase kasar nyer.. overall risks dlm investment korang leh diminimumkan.

Diversification dpt meminimumkan overall unsystematic risk (risiko yg ade pade setiap individual company or industry). Contoh nyer, kite main share, and kite bli share dlm satu biotechnology company nie. Katakanlah, company nie project R&D diorang gagal. So, diorng mmg rugi gilerrr. So, if korang invest dlm satu company jeq, mmg investment korang pun gagal larr. Tp lets say korang ade share dlm 1000 biotech company, maybe dlm 1000 tu.. ade 500 yg wat untung besar, 300 company x untung, and 200 rugi.. korang xde lar rugi sgt.

So, basically, mutual funds meminimumkan unsystematic risk. slalu nyer mutual funds invest dlm beratus-ratus or beribu-ribu company dlm pelbagai industry (biotech, automotive, food and beverages, etc).

If nak compare dengan main shares kat stock exhange, nak invest dlm byk2 company sgt2 lar mahal bcoz of transaction costs (e.g. brokerage fee). Mmg xde minimum amount if nak invest kat share market. Korang leh invest $1000, $100,$50, depending brape harge satu share. Tp kdg2 brokerage fee pun dah $60. so if korang nak invest dlm 5 company, brokerage fee dah $300.

Okay tu baru brokerage fee time nak bli shares, time nak jual nanti.. skali lg kne byr $300. If nak jual time rugi pun still kne byr $300. Meaning, lets say korang bli shares kat satu company nie, harge 50sen. Time nak jual, harge dieq 30sen. Walaupun rugi jual time tu korang still kne bayar brokerage fee $60. So, dengan duit yg terhad, dan disebabkan transaction costs, korang leh invest dlm beberape company jer.

Aku ingat lg mase first time aku jumpe broker aku (Feb thn lepas)... mase to aku ade $750. aku dengan yakin kate kat dieq "give me your best 5 picks". Pastu aku ckp kat dieq aku nak invest dlm sume company tu. Ye ar.. kate bljar kat class kne diversify investment. Korang tau, dieq gelak kat aku. Dieq tanye mane aku blajar nie? Dieq kate ngan duit aku yg x byk maner tu, better invest dlm satu company jeq. From economics point of view, makes sense gak ape dieq ckp tu..

Brokerage fee $60.
Sebab aku main share kat Australian market kne bayar lg $15.
Total = $75.
$75/$750 = 10%.
Tu baru nak bli shares, nak jual kne byr lg $75.
So, total cost actually, 20%.
Makne nyer, harge share yg aku bli kne naik at least 20%, utk cover brokerage fees.

Lets say aku invest $750 equally dlm 3 company lak...

$750/3 = $250
$75/250 = 30%
$30%x2 = 60%

So, share dlm setiap company tu kne at least appreciate 60% utk cover brokerage fees. Wow ingat sennag ker nak appreciate 60%??? Makne nyer, for example, if harge share tu naik from 30 cent to 50cent (66.7%) aku baru untung dlm roughly 7%, which is $17.50. If it takes 6 months to appreciate from 30 cent to 50 cent, berbaloi ker tunggu 6 bulan utk dpt $17.50. Mintak mak aku lg bagus... haha

If aku letak $750 dlm mutual funds yg kite bincang tadi, automatically dah diinvest dlm 1000 company ka china. so, mmg dah diversify lar... takyah byr transaction costs yg besar dan membebankan tu.

So skrang korang dah tau benefit mutual funds. so korang rase maner lg bagus?
Maybe skang korang pk mutual funds better drpd main share. Okays, xpe2.. korag pk dulu... dlm next post aku nak explain knape aku mmg CUKUP X SKE mutual funds.

Lg pun aku rase mutual funds JAUH LEBIH RISIKO drpd main share kat stock exchange.