If you go and ask your friends who have invested in trust funds around you, most of them are facing the situation that their trust funds are losing money.
Recently many trust fund investors are complaining that the trust funds they have invested in are losing money, some even complaining that their trust funds are losing 30% to 40%. There are really not many trust funds that still have profits in the past year.
In fact, this is the current trend in the financial world, with stock markets in the U.S. and Asian countries on a downward trend, bond markets in a superstorm, and the end of a 40-year bond bull market. All these trends are the reasons why trust funds are losing money.
The Dow Jones Industrial Average (DJI Index) peaked at 36,952.65 points in the past year, while the low was 29,653.29 points, and as of Sept. 2 it was 31,318.44 points. The Nasdaq Composite Index (Nasdaq Index) peaked at 16,212.23 points in the past year, while the low was 10,565.14 points, and was reported at 11,630.86 points as of September 2.
The FBM KLCI has also slipped from a high of about 1,600 points in the past year to about 1,491 points today.
According to the official website of the Private Retirement Scheme (PRS), only 3 funds made money in the past 1 year, but many of them made money in the past 5 years.
Therefore, the recent trust fund money loss should only be a short-term phenomenon, I believe that in the long term trust funds still have a good look.
