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PMT Forum's MOST POPULAR Discussion Boards => Mutual Funds / UITF / VUL Investing => Topic started by: mdejess on May 11, 2014, 06:12 AM

Title: The past week funds performance was terrific, time to redeem...?
Post by: mdejess on May 11, 2014, 06:12 AM
I guess everyone following up on the stock market locally notice that the past week performance was terrific.

I read that the stock market in Vietnam suffered a bad down plunge owing to violence between China and Vietnam over an offshore dispute.

Some bad incident is waiting to happen also with the Philippines and China on a similar issue.

What do you experienced guys here say, should I redeem all my funds as the return has been very good the past week, otherwise if and when the trouble gets violent, all funds as with the stock market will drop down -- and there goes all the accumulated gains for several months.

Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: yagami_kira on May 11, 2014, 07:13 PM
It appears that you're a short-term investor and want to take profits before the next plunge in stock market will happen.

If so, it is better that you wait until this bull market is over as it is too soon to redeem now. We are on the last leg of this bull market. The best signal for you to redeem is once the index reach the all-time high last year of 7,400. That is only if you want to be on the safe side.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: kuray08 on May 11, 2014, 09:13 PM
It appears that you're a short-term investor and want to take profits before the next plunge in stock market will happen.

If so, it is better that you wait until this bull market is over as it is too soon to redeem now. We are on the last leg of this bull market. The best signal for you to redeem is once the index reach the all-time high last year of 7,400. That is only if you want to be on the safe side.

curious lang po ako .. may nabasa kasi ako na libro.. sa pag kakaintindi ko sa suggestion nya pag kumita na daw yon stocks sabi nya  puede na daw ibenta.. tapos bili na ulit ng bago.. d ko rin masyado ma gets hehe.. ano po sa palagay nyo?..
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: mxherr5 on May 12, 2014, 01:24 AM
Its called market timing and you can only do it well if you
have a crystal ball.

Investing in a mutual fund or UITF means you want to leave
it to the fund managers to do that for you.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: mdejess on May 12, 2014, 04:17 PM
Are you guys into direct buying and selling of stocks?

I am only into investing in funds, and everytime I read news like this one:

Quote
PSEi down 0.51% by noon on profit-taking
By DANESSA O. RIVERA, GMA NewsMay 12, 2014 12:26pm
 1  5  0  12
 
Investors continued to cash in on gains after a strong rally last week, driving the index to widen losses at the noon break Monday.
 
The main PSEi was down 34.62 points or 0.51 percent to 6,812.64 at the noon recess. The All Shares index shed 12.11 points or 0.29 percent to 4,103.95.
 
"The main reason is profit-taking," Unicapital Securities Inc. research head Lexter Azurin told GMA News Online.
 
"We've been up for seven straight weeks, making the market ripe for profit-taking," he said.
 
After Standard & Poor's raised the Philippine credit rating by a notch above investment grade last Thursday, the index rose to 6,847.26 on Friday, its highest level in 11 months, AB Capital Securities Inc. analyst Abbygayle Estrella said earlier.
 
The market's ascent is still intact but will need to find footing at the 6,800-level before another rally takes place, Estrella noted. – VS, GMA News

http://www.gmanetwork.com/news/story/360645/economy/business/psei-down-0-51-by-noon-on-profit-taking (http://www.gmanetwork.com/news/story/360645/economy/business/psei-down-0-51-by-noon-on-profit-taking)

I feel that those guys who are regularly into profit-taking must be into direct buying and selling of stocks.

In which scenario they would seem to have come to the system to always grain profit, by buying and then selling when there is profit to be taken, and repeat the same process again?

Last Friday evening my funds were all very good, but read the news at noon time today, and you will see also as I have that my funds will show some decline, i.e., loss, when I check late in the evening or early tomorrow on the final losses.

You see, it takes more time and trouble to buy and redeem fund shares or units in mutual funds and uitf funds, than directly buying and selling stocks in the market, without going through funds operators.

But I have read time and again that in the big picture direct traders do not seem to do as well and even worse than guys like myself who put money in funds, instead of going directly to the stock market.


Those guys who are regularly into profit-taking, they are the ones who make our funds lose, and they to all appearances keep on profit taking, gaining profit?!

Hey, am I missing something?


PS and disclosure, I am into posting on the same topic in another finance forum, I hope I don't fall afoul of spamming.

Mdejess
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: mdejess on May 14, 2014, 07:43 AM
We have to follow these profit-takers, they must know something we don't, like inside information -- although that is illegal, still that does not mean that it's not available.

Now, I read that unlike before it is public knowledge who is buying and who is selling.

So, follow them closely, see what they are buying and buy also, then watch them closely, as soon as they sell, do likewise.

Why? Because they are successful profit-takers, and we all want to take profit instead of suffering heartache for losing our money in buying wrong and selling wrong.

What do you guys say?

In my case, I leave the discretion of buying and selling to the funds operators, only banks, I depend upon; because for guys like myself, without the crystal ball or more probably even certainly insider information, let us leave things to the 'professionals'.



Mdejess
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: ferrariEverest on May 14, 2014, 12:30 PM
We have to follow these profit-takers, they must know something we don't, like inside information -- although that is illegal, still that does not mean that it's not available.

Now, I read that unlike before it is public knowledge who is buying and who is selling.

So, follow them closely, see what they are buying and buy also, then watch them closely, as soon as they sell, do likewise.

Why? Because they are successful profit-takers, and we all want to take profit instead of suffering heartache for losing our money in buying wrong and selling wrong.

What do you guys say?
Which other finance forum are you talking about?

I encourage you to read your own post. Carefully.

Why follow a certain action which you do not understand? Why follow someone you don't even know? What makes you think they are successful?

If you are not familiar with an information or what's happening, how can you make an intelligent analysis and conclusion? You can't.

Following someone would never lead to true success. You have to go it alone sooner or later. Learn the ropes, craft your own strategies or approach, and make your own decisions. That's the best you can do.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: GoodSteward on May 14, 2014, 12:38 PM
Maybe mdejess mean following the foreign funds? I thought of that too but dunno how to gather exact data :)
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: ferrariEverest on May 14, 2014, 12:43 PM
As far as I know, hindi sila naglalabas ng ganyang information.

Assuming they do, and by the time Sir mdejess tries to "follow" them, I'm pretty sure it's too late.

Sir mdejess needs to realize that iba ang approach and strategy ng funds compared sa retail investor.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: richpulubi on May 14, 2014, 01:52 PM
mdjess is paranoid.  Trying to read the market to try and decide what to do.  I used to do that...sometime I try to even now.  Just a big waste of time.

Better, either get out if you're happy with the gains, or just stick it out long term.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: mdejess on May 14, 2014, 05:53 PM
I don't know nothing about actual buying and selling of stocks on the stock market floor.

That is why I invest in funds which are collections by professionals of the best stocks as in equity funds whether mutual or uitf.

But when I read about profit-takers, I am very much tempted to take up actual buying and trading -- if only I know the strategy of these profit-takers.

The PSEi did very well today as also yesterday, that is reflected in the heightened values of my funds.

(http://i58.tinypic.com/v2qj3r.jpg)
http://www.gmanetwork.com/news/economy
http://www.abs-cbnnews.com/business

That is why sober wisdom tells me not to succumb to the lure of going into actual buying and selling of stocks -- because in the big picture at least in three years time, funds always go up and up.



Mdejess
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: pulubing_palaboy on May 14, 2014, 11:51 PM
please realize that the "profit takers" are NOT necessarily the same investors over and over again.

also, a profit taker for one or two stocks may be losing money on a few others at the same time.
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: Wills on May 15, 2014, 08:04 AM
please realize that the "profit takers" are NOT necessarily the same investors over and over again.

also, a profit taker for one or two stocks may be losing money on a few others at the same time.

Agree
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: LiveLoveInvest on May 15, 2014, 10:42 AM
mdjess is paranoid.  Trying to read the market to try and decide what to do.  I used to do that...sometime I try to even now.  Just a big waste of time.

Better, either get out if you're happy with the gains, or just stick it out long term.

Agree, pero personally I choose the latter
Title: Re: The past week funds performance was terrific, time to redeem...?
Post by: freefront on May 18, 2014, 09:25 AM
I don't know nothing about actual buying and selling of stocks on the stock market floor.

That is why I invest in funds which are collections by professionals of the best stocks as in equity funds whether mutual or uitf.

But when I read about profit-takers, I am very much tempted to take up actual buying and trading -- if only I know the strategy of these profit-takers.

The PSEi did very well today as also yesterday, that is reflected in the heightened values of my funds.

(http://i58.tinypic.com/v2qj3r.jpg)
http://www.gmanetwork.com/news/economy
http://www.abs-cbnnews.com/business

That is why sober wisdom tells me not to succumb to the lure of going into actual buying and selling of stocks -- because in the big picture at least in three years time, funds always go up and up.



Mdejess

I am, too, in mutual funds. I say that if you have a feel of how the PSE behaves, go for a profit taking. Not the whole 5Million of your funds( killer sales fee- at a percentage- if you are with philequity( is that right?)). Maybe just like what they suggest in stocks. Lock-in, monetize,realize gains,etc---meaning, don't let it be "imaginary" at all times. Maybe test with 1/3 of your holdings. That way, whichever way it goes, it won't hurt your bank account much. You win if a correction happens, you still win if the navps goes up some more.

What is crazy, (esp., if you've equipped yourself with the know-how), is for you to ride the navps all the way up and then ride with it again all the way down. Granted, you are paying people with MBA degrees from AIM, Ha'va'd. Wha'ton, Oxfo'd, when you paid the sales load/,management fee, but a certain control of your money is definitely in your hands when you are in MF.

Even if you do not consider yourself knowledgeable enough to exercise control over your actively managed fund-by-the-fund-managers funds, see if this works for you. To begin with, methinks you have more than enough sense of what you are talking about. So, go forth and give it a try, and learn from the experience.

What I'm suggesting is like a way of fast-tracking learning. Do not wait until you've read about 50 books, watched 200 hours of youtube, attended 10 seminars, etc. before you actually start wading in the pool. You can certainly do the above, but we are not 6 year olds anymore.

As to the NFB/NFS- yes, people are making money out of analyzing the data of the daily movement of foreign funds. it is still obvious now because PSE still allows the info to be out there. Who is buying/selling, how much, how often, which stock, by broker-who, etc. Remember, people in forums are not just stock hobbyist, part-timers, two-timers with their jobs, etc. Some of them are actually from brokerage houses who have the wealth of data at their fingertips. And, they are generous enough to try and level the playing field by disclosing those information. Caveat---though, of course they may have other agenda besides that very thing I mentioned.

Try to find O'neil's take on how to make money in mutual funds.