As we all know, the market has been falling like crazy(not so much in Malaysia) and unit trusts haven't been doing well. I currently have a Global Growth Fund from CIMB(previously SBB Mutual) which is doing pretty badly. I have lost a total of 33% since the day I bought it. On the other hand, my ING Asia Pac Capital Guaranteed is still in the black with 8.93% as at today. This isn't really good(in fact, it really disappoints me as it will mature in about 4 months or so and this kind of return is crap considering that a person would expect an annualized return of at least 5% or more from buying unit trust. Ok, another investment lost. Should have just left my money in the EPF fund and got better returns.
But wait, I actually sold my unit trust when the market was turning a couple of years ago. Yeah, I was supposed to switch the Global one to bonds but the lady who answered my call 'advised' me to hold it and not switch because it was global and it would do well. Darn, I should have just listened to myself and switched to the bond fund which I had switched the rest of my unit trust to.
Believe it or not, as at today(less than 2 years), I have made an annualized return of more than 8% per annum. And that is actually calculated based on 2 years when it would only turn 2 years on the 28th of February this year. Well, next time I will have to believe myself instead of listening to advice from others. I mean, these people giving advice probably have less knowledge of the financial industry than I do...
No comments:
Post a Comment