Investment updates

Dear investors,



The current market downturn is temporary.According to gravitational law,what goes up must come down. It would be very dangerous if the market keeps moving up because the unit price might be too high and the fund managers have to buy the shares at high price.

According to Warren Buffet, it is a golden opportunity to collect good shares when market is down. A real investor feels happy when market is down . A punter will be sad when market is down.



At this moment,our fund managers are busy collecting blue chips . This process of dollar cost averaging will bring down your cost price and when the market recovers one day you will get very good return.



An investor who had invested 50k in PRSF at 95 cts in 1994 had generated a total return of 168k in 2007. For the same amount of money and the same duration in FD only generates 95k and epf return of 105 k. So you have actually made a wise decision to invest in public mutual.



Last but not least, I would like to express my utmost gratitude to you for your support in public mutual and have confidence in me . May you be blessed in the year of golden mouse.



Thanks





Ling Toh Woon