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Unit trust fund, the rude awakening
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Fyatu
#11 Posted : Thursday, September 15, 2011 4:23:42 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
CO-OP bank is fund managing NSSF mullah smile
Dumb money becomes dumb only when it listens to smart money
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hisah
#12 Posted : Thursday, September 15, 2011 4:32:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Jim Cramer indeed... I dislike this dude with a passion
http://www.youtube.com/watch?v=gUkbdjetlY8

Jim Cramer Vs Jim Stewart
http://www.youtube.com/watch?v=FP3YyJz3HsU


Unit trust/Mutual Funds are just a scam especially their equity fund products...

Let's assume one had bought the Old Mutual Equity fund or the Britak Equity Fund on 1/1/2011. NSE to date is 20%+ down, but I can bet the funds of Old Mutual and Britak et al must be around 30%+ down or worse! And to boot you pay some performance fees, annual fees and other funny fees all of which eat up your gains or worsen your losses!

Ever since I noticed some years back that the mutual funds perform worse than the market whether in a bull or bear, I trashed them.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, September 15, 2011 4:34 PM | Reason: Not specified
Realtreaty
#13 Posted : Sunday, October 02, 2011 8:45:09 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,389
Fyatu wrote:
CO-OP bank is fund managing NSSF mullah smile

smile Fyatu, where did uget that info? It could be very good news if its true!Applause Applause Applause
I bet Co-op can do more better than it is doing currently and is capable of taking the gains of other Banks.
With its moneygram, co-op cash,co-op societies it well placed as an international bank. Hope is doing good to be a bank with alot of Yuan! Which bank is bieng used by Chinese companies investing and doing projects in Kenya? Hope Co-op!smile smile
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anika66
#14 Posted : Tuesday, January 31, 2012 8:19:07 PM
Rank: Member

Joined: 2/25/2010
Posts: 158
I just closed my old mutual account (I was only contributing a small amount of 7500 shillings per month). This is after realising that I did not understand thier statemetns and because of this I did not understand whether I was making profit or not. By the time of closing, I was not even able to determine the amount of money I had invested with them by looking at the statement. i DECIDED that since I do not understand much about how mutual funds operate, i am better off without this investment. I am sure i made a loss on my investment. I will never again invest in these equity, balanced and bond funds. I decided to enter the market fund, currently I am in Zim and CIC money market funds, at least I can log in and see all information regarding my investments, principal and interest earned. But again, I am very new in this investment business and I know I have to learn things by doing!
Keeping it all in the family
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hisah
#15 Posted : Tuesday, January 31, 2012 9:42:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Realtreaty wrote:
Fyatu wrote:
CO-OP bank is fund managing NSSF mullah smile

smile Fyatu, where did uget that info? It could be very good news if its true!Applause Applause Applause
I bet Co-op can do more better than it is doing currently and is capable of taking the gains of other Banks.
With its moneygram, co-op cash,co-op societies it well placed as an international bank. Hope is doing good to be a bank with alot of Yuan! Which bank is bieng used by Chinese companies investing and doing projects in Kenya? Hope Co-op!smile smile

Na hii pesa ya NSSF inaletwa NSE siku gani. Is a referendum required. This is a solid PPT boost fund to even make paka rally to 3/- levels...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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