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Unit Trust Investors- Old Mutual Equity Fund
Rank: New-farer Joined: 1/9/2012 Posts: 23
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hi guys,For investors who prefer investing in Unit Trusts,the old mutual equity fund has been shooting up,from a low of ksh.217 in November 2011 to a high of ksh.266 today and this is just the begining,for you smart guys who know when to get in,this is it. If any of you guys are interested drop ua mail here,i send you perfomance and projection from 2002 to now...or drop me a mail at nicholas.mwangi@oldmutualkenya.com
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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The smart guys should have joined in Nov 2011 !You should also have put a caveat i.e "past performance is not an indication of future performance"...
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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nikimani wrote:hi guys,For investors who prefer investing in Unit Trusts,the old mutual equity fund has been shooting up,from a low of ksh.217 in November 2011 to a high of ksh.266 today and this is just the begining,for you smart guys who know when to get in,this is it. If any of you guys are interested drop ua mail here,i send you perfomance and projection from 2002 to now...or drop me a mail at nicholas.mwangi@oldmutualkenya.com what are these . hebu look at the stock market . we are in a bull market and you are telling folks to buy unit trusts ..lol Do yourself a favour buy stocks . Do your colleges a favour and tell them to buy stocks NOW . then sell those unit trusts to all the suckers you are targeting
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Rank: New-farer Joined: 1/9/2012 Posts: 23
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@veteran,they did and are very happy lot speculatively waiting to cash in when the time and price is right.unfortunately Some panicked after investing in during high's of ksh.299. and getting out at in the same November ksh.217.now that is the angry lot, its all a matter of timing.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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If old mutual is scouting for clients at wazua I give up...! Btw isn't this advertising? @nikimani - why is this the best time to buy into the equity fund? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 1/9/2012 Posts: 23
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@QW25091985,i agree with you the bull is finally stirring up. Unit Trusts however offer a range of benefits,1. security 2. Professional management 3.Pooled resources 4.Diversified Portfolio. If you got the time and are willing to bear the risk the market exposes to your portfolio..go right ahead.
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Rank: New-farer Joined: 1/9/2012 Posts: 23
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@hisah, over time there is a pattern of the fund being low before any major political event in the country,i.e 2004/5 constitution referendum price ksh.157 and shooting up when things return to "normal" i.e 2006 price Ksh.284, basicaly its just taking advantage of macroeconomic factors.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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nikimani wrote:@hisah, over time there is a pattern of the fund being low before any major political event in the country,i.e 2004/5 constitution referendum price ksh.157 and shooting up when things return to "normal" i.e 2006 price Ksh.284, basicaly its just taking advantage of macroeconomic factors. Thanks for the feedback. I hope you are factoring both internal and external macro factors esp the coming eurozone mess.
Another query, why don't unit trusts reveal their equity portfolio? Why keep it a secret?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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nikimani wrote:@veteran,they did and are very happy lot speculatively waiting to cash in when the time and price is right.unfortunately Some panicked after investing in during high's of ksh.299. and getting out at in the same November ksh.217.now that is the angry lot, its all a matter of timing. Kimani this is the wrong place to advertise unit trusts. We all know that the devil is in the details. We know that those rosy charts are not exactly what investors get from the unit trusts. Any Wazuans who may be misled into this, make sure; (1) You get to understand who the investment managers in the unit trust you are investing in are (2) Their track records (3) Whether the investment objective of the sponsor i.e Old Mutual as the same as yours- Remember the investment managers will take decisions on the portfolio based on the sponsors strategic objectives. They make money when you are losing (most of the time) and when you are winning (rarely). I have heard of people who made money investing directly in the markets, but I am yet to meet an investor in a unit trust with a success story!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Yeah me too. i have heard bad bad things about this unit trusts .especially the fund managers track record
better to buy stocks you understand and enjoy the benefits other than risk with unit trusts .
i mean if you DONOT even know what the fund managers are buying how the heck will you even sleep at night . they might be speculation on paka . lol
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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I don't mean to sound rude. Honestly, I really don't. But what is a 'layman' to do when he reads of studies saying that monkeys perform better than so called professionals? The link was posted here last week. Certainly brings a different dimension to the phrase 'Monkey Business' GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@nikimani,
Another question,
Has the OM equity portfolio ever beaten the market i.e like our stocksmaster?If so,will your customers ever know because the equity price faithfully follows the NSE index and in case you do beat the market and the index is low,the unit price will not be realistic and will be to OM's advantage for those exiting the fund...?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Another query for the unit trust family - why should I pay management fees even when the fund is posting losses? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:Another query for the unit trust family - why should I pay management fees even when the fund is posting losses? The money didn't lose itself, did it? Losing money is very hard work and you'll be required to pay for the 'effort'. GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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youcan'tstopusnow wrote:hisah wrote:Another query for the unit trust family - why should I pay management fees even when the fund is posting losses? The money didn't lose itself, did it? Losing money is very hard work and you'll be required to pay for the 'effort'. LMAO!
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Rank: Member Joined: 2/25/2010 Posts: 158
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I tried unit trusts two years ago (old mutual balanced fund) and i didnt like it coz i did not have enough information about the product. eg in what are they invested in? i tried to research their websites and couldnot know which companies they are invested in etc. i also could not understand the statements they sent me (i blame myself for this) as i did not know the price at which i had bought the units credited to me nor the price at which i could sell the unit if i wanted. there was all this confusion brought by ignorance on my part and i checked out of the unit trust in november last year. now i only invest in individual stocks and money market funds. soon i will try my own hands in the treasury bills. unit trusts are a no go zone for me now. Keeping it all in the family
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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nikimani wrote:@veteran,they did and are very happy lot speculatively waiting to cash in when the time and price is right.unfortunately Some panicked after investing in during high's of ksh.299. and getting out at in the same November ksh.217.now that is the angry lot, its all a matter of timing. @nikimani please send me the perfomance of your equity fund and bond fund for last 10 years. I have always been interested but info is scanty. sparkly99@ovi.comLife is short. Live passionately.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nabwire wrote:youcan'tstopusnow wrote:hisah wrote:Another query for the unit trust family - why should I pay management fees even when the fund is posting losses? The money didn't lose itself, did it? Losing money is very hard work and you'll be required to pay for the 'effort'. LMAO! @Youcant - seriously  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I guess @nikimani won't answer our queries  So much for advertising...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:I guess @nikimani won't answer our queries So much for advertising... Wazua has a knack for chasing away guys! Where did Centum Investment go to? Crown Berger je? Even Genghis had gone missing for some time after a scandal broke out and people started asking too many questions... GOD BLESS YOUR LIFE
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