I do constantly aware and compare the different types of my saving and investment portfolio.
During my childhood I only had ‘Ting’ (then upgraded to ‘ASB’ when I reached 18 years old) and ‘ASW’ account and from that point at time I learn about saving. I used to have only limited portfolio and now I will embark more portfolios that is in UT.
Last 2 years (May 06) I withdraw my money from ASB after I found the fact and fatwa that convinced me the investment has non-syariah substance. I used most of the money and make my really first moderate risk Unit Trust investment. I purchased Public Ittikal from Public Mutual. I only invest RM5K. Today, the return is really wonderful.
As you can see in the table above, the one year average return of Ittikal is 21%. If I want to dispose my unit today, I shall reap RM 6,660. The calculation is so simple which is ‘No. of units we hold times the NAV’. So, the return for my UT is 33% in 1 year and 9 months. Patience is the main commitment that required for an investor. So, I shall wait longer.
UT return is quite outstanding and satisfactory as compared to other savings account. The average return of UT is between the range of 10%-15% (while my Ittikal is 33%) as compared to my TH of 7% and 5.8% return for EPF. In short, I could say I’ve fallen in love with UT. I’m going to make more investment. And so that I adore Warren Buffet, the greatest stock market investor.
I think I shall diversify my saving/investment. Don’t you think so? My next strategies are:
1) I’m waiting my 07 bonus. I don’t expect much, level 3 is good enough. I will take at least another 4K to invest in the UTS. This amount will be invested in Public China Ittikal Fund (PCIF).
2) My EPF saving from account 1 is now eligible to be used for investment. I’m going to invest in the Public Islamic Select Treasures Fund (PISTF).
3) I’m going to make regular saving on monthly basis of RM600 in Public Islamic Dividend Fund (PIDF).
I’m still in the ‘learning’ stage about personal finance. I hope that education thru my dad, our book collections and lots of great online writers and bloggers out there will aid my effort and commitment toward the journey of financial freedom. I hope to invest and learn more.
What and Why I choose those UT? I shall reserve the comments in the next entry.
Footnote: I still keep my regular monthly savings to TH.
Warren Buffet: the greatest stock market investor
7 best stock investing advice
PIttikal Fund :the best Equity Malaysia Islamic Fund In Malaysia Fund Award 2007