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Switched mutual fund to protect my profit!

After 22 months(almost 2 years) of buying Public Ittikal Fund, finally today i decided to switch to another fund to protect my profit.

The return rate of the fund is very impressive. It achieved a total return rate of around 39% which also means around 20% per year on average. Since the day i bought this fund i have been very confident of it as it has a handsome history. The statistics told me this fund is really worth to buy! Back then i really took a lot of time to actually study each funds and also compare each of them before i made my move.

Too bad i missed the golden moment last year. The fund raised so remarkably. At one time it even achieved an overall return rate of more than 40%! I damn regret now! I should have sold it off during that time! Well, one of my customer chose to sell his fund off last year. It so happened that he needed money during that time. Thus he managed to enjoy the 40%++ of return rate! Oh yes, he bought Public Ittikal too because i am the one who recommended this fund to him!

Luckily after the huge decline of the KLSE stock market due to the 'Political Tsunami' which took place on 8th of March 2008, Public Ittikal's price has been gradually restoring to the level which reflects its actual value.

The big drop of March really taught me a lesson. I decided not to be so greedy anymore. To me, 20% of return rate per year is considered a great achievement already. That's the standard practiced by Warren Buffet all this while!

After several days of serious thought, this noon i went to the nearest Public Mutual branch and did the switching. Anyway that was my first ever fund switching.

I switched the fund units to 2 different conservative profile funds.

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