Public Mutual Bhd has declare gross income distributions for seven funds for the financial year ended June 30th, 2009.
They are:
PB Growth Fund
7.50 sen per unit
PB Balanced Fund
6.00 sen per unit
PB Fixed Income Fund
5.00 sen per unit
PB Islamic Bond Fund
3.00 sen per unit
Public Islamic Money Market Fund
2.50 sen per unit
PB Islamic Cash Management Fund
2.50 sen per unit
PB Cash Management Fund
2.50 sen per unit
Public transport fares will go up by 30% from 1st August 2009!
Taxi Rates
Current
RM2 for first 1km/2 minutes
RM0.10 for every subsequent 150m/45 seconds
New
RM3 for first 1km/3 minutes
RM0.10 for every subsequent 115m/21 seconds.
Express Bus Fares
Current
6.5 sen/km
New
8.5 sen/km
Stage Bus Fares in Kuala Lumpur
Increase by 25 to 75 sen according to zones
School Bus Fares
Current
RM21.10 for the first kilometre
RM1.55 for every subsequent kilometre
New
RM27.43 for the first kilometre
RM2.02 for every subsequent kilometre
http://www.sun2surf.com/article.cfm?id=35869
Let's see this simple equation:
Real Interest Rate = Rate-(tax+rate of inflation)
Based on the article published on The Star ( the link to the article here)
Based on the January 2009 Consumer Price Index of 3.9%, savings which offer the best rate (Fixed Deposit offers the rate of 2.50%) are already in the red!!! Which means, even if you save all your money safely in the bank, your money is losing value every moment. This is the POWER OF INFLATION!
So why are you keeping your money there? Oh ya.. I know, you will said it's safe, no risk..ya, sure! Of course no risk, cause it's a CERTAINTY that you will be losing the value of your money!
Sure enough, when Fixed Deposits offer interest rates of more than 10%, you will go for FD and deemed unit trust a risk..but now?
FD always offer certainty, and now it's certain to LOSE, and unit trust is the opportunity (instead of risk) to earn REAL INTEREST.
For the convenience of the investors under the Direct Debit Instruction (DDI), the price of Public Mutual on the 8th and 18th every month will be posted to this blog, so that investors can conveniently check their units obtained for the particular day of DDI purchase
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