This kind of lousy agent, really can fire him/her..
Agent need to have ethics, update client of profile of unit trust say half yearly. Each year give calendar also need lar.

Insurance mai lagi sama sama. take 6 years. Buta buta take.. Aizz.

This post has been edited by Bonescythe: Jun 8 2011, 09:20 PM

Bro - U talking about investment or... Sounds so.. not right

Ah hahaha.. Who knows what happen next? Client become wife already? Lolz
Joking..
This investment thread.. Not find wife thru investment..

Ah.. but finding a good wife IS an GREAT investment right? . Ok ok, enough of my bullkaka. Good lord, i just noticed we've been slinging postings like crazed kids.

Gomenosai to all fellow bros & sis for hogging this evening

2 senior investors talking, junior like me diam diam

Lately quite a bad time for me. Psmallcap make me lost around 20k since it reopens Hope can rebound

This post has been edited by mois: Jun 8 2011, 10:10 PM

Bro BoneScythe = senior lar. I'm just a lemming .

Whoa.. U plonked in $100K just as it reopened ar?
Please share how U lost $20K via PSmallCap (i assume it's not bought in end 2007, then measured end 2008 lar )

This post has been edited by wongmunkeong: Jun 8 2011, 10:25 PM

It reopens last month 18th april. Previously holding the other funds like PRSF, PEF, PGF, PSF, Pittikal. My mum one actually. Just that she ask me to study those investments thing. Those 5 funds, some of them doesnt really perform well especially Pittikal in the recent years. We invest in PM since 10years ago, some 5-6 years. PRSF return is good for past 10 years.

So last month, smallcap reopens. We cash out around 480k and buy smallcap. This is because we are not allowed to switch in to this fund. Only can switch out. Then we got no choice except to sell and buy back with 4% charge instead of 5.5%. But we didnt sell PEF. Since the fund reopen, the performance is -4.xx% something. No choice except to close one eye and hoping it will rebound properly from now on

That's what my agent told me, he asked me how much i can save every month, I say RM1500, then he asked me to invest RM1500 every month, asked me to invest 1 big lump sum of RM30K. He is agency manager some more...

How come i find so hard also can't get one to be honest to me??? I want an honest one, HONEST...why is it so hard?

Pai seh la boss. I am a noob here la. Still digging my own hole, and searching for own dignity.. Pai seh pai seh..

OMG... U went OUT then came back in in CASH?! Ouch!!! 5.5% buta gone + flux of market up/down no one knows = a huge gamble leh.
I hope U or a family member was the agent, at least get back the 2.75% else...

Balls of steel bro
Personally, i'd play statistical probabilities rather than HOPE

This post has been edited by wongmunkeong: Jun 8 2011, 10:47 PM

If you want honest one, i think this forum got a few agents. We discuss PM things regularly too. If u want to ask question, u can try to ask here and alot of people will be helping you

I don't think I want to stick to the UT consultant any more. Sigh...
He asked me invest RM1500 per month, then buta-buta gets 2.5% commission from me, not looking after my fund, guarantee me to earn profits after 10 years, like this i also can be my own consultant liao lah...
Sad sad sad...

DebbieYSS, U must understand where most of these fellows are "coming" from. It's their rice bowl - not yours. U think most of them think of YOU first?

I can say things with impunity coz i dont rely on commissions for a living, it's a passion & interest to me. Since U now know how sneaky ones work, U know which to avoid already . Now to look for ones that U can trust.

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Added on June 8, 2011, 10:56 pmDebbieYSS, nearly any monkey can guarantee profits lar in 10 years, it's a statistically "near sure" probability if U do via DCA or Value Averaging. The issue is, is the profits in a high enough %pa to be worthwhile? Take a look at the stats i uploaded for 10, 5, 3, 1yrs ending XXX date, yyyy date, etc.

Hell, with the % the agent is getting long term + short term, he can afford to top up for U if it doesnt make profit in 10 years

You are right - i was personally cheesed off with all the BS thus, i became my own agent .

This post has been edited by wongmunkeong: Jun 8 2011, 10:56 PM

I also know. But where to find is another case.

3% gone . Not come back with cash, just cheque. I think it is not a gamble eh. I keep update with the market quite often. As you can see, the fund is top fund under mid cap equity in Malaysia. And it delivers consistent return too. Probably will be holding the fund for 3-10 years. 50% equity 40% bond 10% Fixed income for me. Dont dare 100% equity

Speaking about guts, you should try swiftlet farming. Super high risks, duper high return

Where you posted the stats? Can guide me to the thread?

Wah, that is painful. But also to be honest, losing 20k consider still ok already if compared to those directly in stock market.

In May - April this year, market lau sai so hard. KLCI falling like nobody business at these period, until reaching low of 1474 resistance support. Well, this support touched 2 times during this downturn market.

I myself is in share market as well. Those days are basically everyday having "periods". 800-900 counter down in 1 day. Counters going up only less than 50.

So when PSmallCap reopen, it already took a heavy burn in the pocket from all the panic selling in the stock market. That is why the performance went so terrible down, since SmallCap is investing on those counter will small market capitalization. Which means, this type of counter with small market capital will not be very liquid, and will come down like torrential rain fall during downturn season.

But recently, investor should be coming back and bringing back the bulls to the share market. HwangDBS maintained an overweight for Malaysia investment prospectus. KLCI back on track at above 1550, and it should be a good time to invest now. Forecasted KLCI go on to 1620 this year, which will definitely give a good pulling effect on overall good growth stocks.

Maybe I can advise you that in the future, don't dump 480k at one time. You would not know what kind of market is it at that moment. People say diversify, it is not on diversifying on products only, but you can diversify through different entry timing.

If you enter later a bit, i guess you should be able to see some good profits now.

Swiftlet Farming? No thank U - i like my nuts where they are and how they are now, not metalized or ripped off thank U very much

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Added on June 8, 2011, 11:03 pmAnd he says he's NOT a Senior in Mutual Fund investing . Sounds like meh meh but lion in disguise

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Added on June 8, 2011, 11:06 pmEh? I thought i pasted it into the same post with the Excels and PowerPoints? My bad

http://forum.lowyat.net/topic/690951/+1180
http://forum.lowyat.net/topic/690951/+1193

This post has been edited by wongmunkeong: Jun 8 2011, 11:06 PM

Seriously, this type of people, dunno how he become agency manager. Totally want to squeeze the customer inside out, and did not consider about the customer feeling at all. Phail la this kind of manager.

Should had help u access your risk tolerance level, and your objectives. Therefore, only choosing the correct vehicle, and plan out a good monthly saving habit.

I know you are in stock market . I read the thread everyday too, just that im being a silent reader. Actually the 480k wasnt my decision to make. About the different entry timing, it means we need to prepare some cash to invest/top up just in case market crash right?