21 Apr Brainstorming 20 April 2009
Salam again consultants,
we discussed the following items (details in e-mail version) on the 20th april 2009.
1. More Unit Trust Consultant encourage to participate in weekly (and daily) sales tracking – AMs to assist. Sales figures can be sms-ed to farehin/jas/AMs daily or weekly (by Monday 9am). This is to encourage more competitive spirit and to gauge performance vis-a-vis others. We should view this positively and help us move together forward ! In addition, absent AMs can also reciprocate by updating their sales figures to their team members/direct to jas. Very much appreciated.
2. Corporate Talk – AS Julianna has started with 2 companies. For details, can call jaslinah at 012-2037003. This is a platform (alternative to booth scheme) for Unit Trust Consultants to prospect for potential investors more professionally.
3. Discussed facts & forecasts at fundsupermart’s 18 april forum “when will market recover” – Thanks to Rozita, Raimy & Julianna for sharing. Generally, outlook & recovery (peak to peak) is forecasted in 2 to 3 years, whereas recovery from bottom (oct/nov’08) to peak can be earlier. Corporate recoveries can be distinguished between those dependant on exports vs those dependant on domestic demand. The latter can be expected to recover (or stay resilient) faster. It is also worth to note that during 1930 depression, the US government only acted to save the US economy after 3 years. This was due to inefficient private and finance sector to “heal” itself and the US government’s reluctance to pump liquidity (print money) due to gold issues. The US economy went into deep depression as a result of non-immediate assistance by government (monetary and fiscal policies).
In more recent “recession” – most major economies & governments come forward more pro-actively, more aggressively and more timely to avoid the 1930’s situation from happening again. The forum panels were of the opinion that global economy may be able to avoid similar depression this time around. They also reiterated that stock market precedes the economy by 6 to 9 months, in bearish, recovery and bullish markets.