Comment on June 2010 performance

Dear NCs,

Salam. Congratulations! We have successfully completed the first half of 2010. In total our sales to date stands at RM8Mil vs RM7Mil 2009 (until June). A slight increase of 14.4%. Even though there was an increase on YOY (year on year) sales but I'm sad to note that the drop in sale last month (June 2010) RM753K from RM1.69M (55.4%) in May was a bit worrying. I don't know why but sales was slow from the beginning of the month. It's almost a similar trend as we see the equity market is moving downward lately.

My advice to all of us is that to pick up quickly this month. Do not wait any longer. Get your new sales and submit your additional investments (repeat sales) quickly as and when they are due. We don't even have to wait for investors' approval for repeat cases now because when we adopt the new sales approach i.e selling SAVING CONCEPT of long term (min 5 yrs), EPF repeat cases are automatic while DDI (Direct Debit) is almost mandatory at however much is affordable to the investors. The obvious reason for doing so is to beat the ups and downs of the market by accumulating more units during downtrend and lowering the average cost of the investment. Don't let downtrend slows you down - SELL more as unit prices are cheaper. When we focus on long term savings we need not be afraid because the common behavior of equity market will do its part that is to go up again! So don't sell fund performance now but promote long term savings Insyallah your sales will increase and become more stable even at the worst economic turmoil.

All the best!