03.30
Mutual funds are investment instruments that collect money from many investors, as one, invested back in the form of ownership of stocks, bonds and short-term financial instruments other. Mutual funds managed by investment managers who make decisions, such as financial benefit, the position of the portfolio, reduce losses, a portfolio diversification.
Value of ownership in the mutual funds known as the net asset value (nab), per day based on the total value of funds collected, divided by the number of ownership (shareholders) who have been outstanding.
Excess mutual funds
Can be purchased in the small
Unlike the stock must be purchased in a minimum amount of certain mutual funds can be held for investors, especially investors, that capital is not large. Value may be 1-2 million is not enough to buy the shares, in addition to the commission to be paid large. You can buy mutual funds at this time ranging from low to high.
Liquid
Reksadana instrument is one of the most liquid investment at this time, can be disbursed at any time, the nab (Net Asset Value) is prohibited. Only need to remember, the distribution can only be decided after nab. Liquidity is also supported by the mutual funds investment managers who have experience. So leave your investment in people who have expertise, do not try meracik your own investment portfolio without the knowledge and experience adequate.
Purchase of large-scale
Simple example, the wholesale purchase (in the number of lots) is much cheaper price than if purchased in retail. Mutual funds have a product advantage here, because the purchase by the investment manager in a large number of transactions that reduce the cost of benefits for investors.
Diversification
Risk management that combines both is some type of investment instruments in a portfolio. For example, if investors buy investment instruments sector and the banking sectors of telecommunication, it is the investment risk because the line businessnya different. If there is one instrument in the loss, not so fatal condition if compared to only have one investment instrument.
Weakness Reksadana
Return (profit) fluctuation, in the sense not guaranteed.
Mutual funds as well as other investment products, do not have insurance, how the return will be. There is always the possibility, value terdepresiasi (down). Unlike the fix-income products in general, such as SUN, or bonds, mutual funds experience price fluctuation of stock prices following the trend that took the price rise.
When deciding to invest your money, always biasakan to “investigate before buying”, not only because it saw the investment managers (MI) is to manage the portion of the funds in the amount of this time, does not mean good performance kedepannya sure.
To note also, mutual funds can not be guaranteed by the government and there is no guarantee to buy back the securities from the company to manage it. So, if things happen that are not desired, such as the economic crisis, companies go bankrupt, then you will not get any. Still remember a mini-economic crisis in Indonesia in 2005, when the fuel is increased. How do mutual funds with fate? Experiencing losses due to large-scale redemption, nab down more bearable. Many investors panic and loss. This problem need to be a concern for you is to invest in money market. If the deposits are government guaranteed up to the value of Rp. 100 million, insurance does not apply to mutual funds.
Diversification
Although diversification into one of the key to success in investing, mutual funds that many investors overdiversifikasi. Basic concept of diversification is to reduce risk in a way split the share of investment in some parts of a different, far more secure place if only all the money in one type of investment instruments. For example, invest in some company, industry or business sector that is different.
Many investors agree, although with the diversification there is no guarantee against losses, but the one strategy that is effective to run. Overdiversifikasi is dangerous, where investors put money on the many investment instruments that affect each other.
Overdiversifikasi example:
Separate part of the portfolio in so much, say some of the banking sector to the line businessnya similar. On certain conditions, when buying mutual funds, the portfolio does not mean you are automatically terdiversifikasi. The key, always note that portfolio diversification is done only where the investment manager.
Idle funds vs. Liquidity
How mutual funds are the funds collected from a large number of investors who also polynomial. So every day there are always investors who invest and conduct of redemption, the number of more or less the same. To maintain the liquidity and the ability to serve the redemption / withdrawal of funds from investors, securities companies in general should always be prepared in the amount of cash that is big enough. Have good liquidity requirement is nothing but money is too much invested and not (to maintain liquidity), not the profit.
Cost
Mutual Funds always supported by investment managers in serving investors. However, there is always a cost that must be paid. On mutual funds, the costs are categorized in 2 types, namely the cost of the shareholders (shareholder fee), in this case the investor and the annual management fee (annual fee) .
Cost of the shareholders (shareholder fee) is always charged to investors, both at the time diinvetasikan (incoming) and the time of redemption (exit). Annual management costs (annual fee), charged to investors in annual, ranges between 1% -5%, depending on the policies of their respective companies. Costs is charged to the investor regardless of how the performance of mutual funds are the product. If it can be for many years, mutual funds portfolio experienced losses (decrease in value), these costs will only increase investor losses.
Misleading prospectus
Misleading prospectus that may cause investors to invest in the wrong place. There are some in the market prospectus that are named for example aggressice funds, funds stable, protective funds etc. (this is only an example name). Example: protective funds, most of the instrument is placed in the stock, the portion of the small instrument placed in a more stable fix-such as income and so depends on the manager’s investment decision. Name reflects the protective funds, instruments should be a larger instrument is a more stable rather more fluctuation. Always back carefully, how the composition of the portfolio’s investment manager.
Opportunity to analyze the opportunities for mutual funds
Unlike the pure stocks, mutual funds on the product, the investor can not analyze how the company’s growth, income per share, profit-loss balance sheet the company that purchased akan etc.. Nab (Net Assets value) only provides a description of the total value of the portfolio less liabilities, so investors can not distinguish which mutual funds are good and what does not.
More, the ads, ranking, rating the securities issued by the company only describe the performance of the past. Of course, you often see the phrase “past performance does not indicate the performance in the future” is written in the sentence is small. Bijaksanalah not always to invest only in investment instruments because the lalunya good performance, winning in the past may be a loser today.
Tips:
- Do not just choose mutual funds based on the rating, ranking, performance (return) is the largest in the previous year. It’s good economic conditions, it is normal if the return time to obtain good economic conditions. Size of the problem is to only return the investment managers dare to take risks at that time. The most important is how the products that can benefit or at least survive (not loss) occurs when the condition is not desired. Try to see the portfolio in 2005 (when economic conditions are bad) of mutual funds products. A decrease in the value terkecillah be worth winning, not the product of mutual funds to obtain the largest return in the year 2006 (when the economic conditions are good).
- Choose a credible investment manager and bonafid. See how it works, how big the fund management, how the composition portfolionya, adjust with your own investment profile.
- Pay attention to how its performance for several years kebelakang, not just the last year. Indeed, the performance can not be a guarantee but at least there are guiding.
- Check again how the service you get and how much the cost will be charged, ask questions directly to the retailer, the details of the cost must be paid for in detail. If it is not transparent, forget it, many securities companies that need investors like you. If necessary, ask also how much tax should be paid. Many people thought, mutual funds not subject to tax, actual cost is already included in a package of investment and that there is no published tax.
- Do not fooled-by prospectus prospectus misleading. There term fix-income mutual funds, does not mean you will get a fix-income and will not experience losses. This term is often misleading people.
- Always ask for confirmation to occur when the investment manager changes the composition of the portfolio so that you can re-adjust the original purpose of investment.
- Request from the relatives, friends, relatives that have been experienced in this field.
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