Maybe i'm not suitable in investment, all consultant i met only know how to make me invest more, brokers also like that, client ask to sell but never know the price can go higher, the broker never consult also, just sell for the client.

Now i want to get an honest UT consultant, also like that... I treat you honest, you also treat me honest mar...

Sick lah...

Yea... Completely correct. Since you are following stock market, the averaging techniques can be applied here too. Average it to get a better price. In market, everything that goes down, will come up, vice versa.
So for Mutual Fund, since it is managed by professional full time fund managers, investing regularly will able to maximize the ringgit cost averaging through different entry time (different prices at different entry time). So in a long run, definitely will be a good return.

Dont be disheartened Debbie. As U get smarter, somehow, the better Agents or brokers tend to surface. Maybe the reason is U can, by then, smell BS a mile away and corner these idiots with IN YOUR FACE Qs that they cant BS out of .

I'm sure there are at least a few good Agents here in LYN forum. Contact Debbie lar, whatcha waiting for?

FYI - I found one of the best mortgage and insurance fellow AFTER i became more learned in these areas & investing and he has always been giving me the best options ever since. Oh yes, i do check it out with other Agents, directly with banks, etc. too before taking his bait willingly

This post has been edited by wongmunkeong: Jun 8 2011, 11:39 PM

Consultant will ask you to invest more, probably they are too into it, and believe it, and very confident with it. So consultant want you to invest more, so that you can see the compounding effect from a bigger sum of amount, and let you have the feeling of it.

But one thing that "old" consultant do not know is that the customer might not be thinking the same, or in the same channel. So when they open big, customer will definitely think the consultant is a tiger opening a big mouth.

If that manager did otherwise, from understanding your future plan and goals through sharing, and selecting fund based on your goals, that would be a better experience for you i would suppose.

As for broker wise. You cannot blame that broker. I would say this is a professional broker as well, because professional broker should not "comment" on the client action and orders. What if that time, when you call for a sell, and broker tell you the share will go up, but in fact, the share plunge. Will you take the blame on your own, or blame the broker?
The broker did no wrong at all, as it is fully 100% your order, and they are like your slave, listening completely to your order.

This post has been edited by Bonescythe: Jun 8 2011, 11:58 PM

I am currently learning about investments....I thought you can dump some of your monthly salary into your investment?

But according to debbie, the consultant is like "Kam sau", want her to put all her leftovers for the month in mutual fund. Like this is "kam sau" style already, and not putting some of the monthly salary.

Ic....yalor RM 1500 every month is too much

debbie, i'm looking from a neutral ground

a) partly you are to be blamed
- if u don feel confident/mis informed of a fund, don't invest until ur ready n know where ur putting ur money in. no one's forcing u
- technically, he's not 'forcing' u to invest THAT much, probably u fell for the 'promised' returns. There's no SUCH THING of a that. it's always well written, risk of NAV goin down/up
- there are always honest sharing in this forum of recommended/good records funds here. (PEF,PRSF etc)
- u can't blame him , it's ur choice to invest. (off course partly the 'pushing' factor from him)

b) agent
- as mentioned, he's only interested in reaping monthly income for himself. Trust me, most agents do not bother to inform/educate clients on buying/switching funds when market condition changes

I've gone tru some bad agents b4 (partly i was a noob lasttime). And thinking back, i got really mad of not advising me to switch on market condition. Having said that, i'm more educated on UT and shares (and still learning) and so far, my portfolio is quite ok so to speak.

There's no shortcut. u hav to sit down , understand and analyze UTs (diff geographical/holding/sector) invested in. Trust me, u will be better informed once u get hold of the whole thing

This post has been edited by kucingfight: Jun 9 2011, 12:40 AM

RM150 per month then still ok. Because the very good thing about Mutual Fund, compared to Insurance Saving Plan is the superb liquidity.
Saving plan, once commit, example RM150, not only cannot withdraw out full, or near full, need to continue servicing it to prevent it from lapse. Maybe RM150 will not see an effect so big. RM300-400 might be able to feel the pinch during rainy days.

Mutual Fund is definitely more flexibility, and suit most of the people who wants to have a liquid investment. Especially business people who needs to have cash flow for business. Therefore, their investment definitely need to be as liquid as possible.

Saving plan can be good for under employed people. Business owners and bosses, definitely will prefer to opt for Mutual Fund, as they are most afraid when cash flow is low, and need to get source of emergency $$$ during downside of market.

Different people.. Different needs.

Brother, dont lar like that - they're just trying to make a living (unfortunately, maybe at the expense of others). U dont blame a lion killing/eating a gazelle right?

This post has been edited by wongmunkeong: Jun 9 2011, 08:23 AM

The last time i invest monthly rm1500 into UT, the result not so good eh. Personally i still prefer lump sump if there is market pullback.

Firstly, I have already finished reading Public Mutual V1 and V2. I have downloaded report from public mutual website for all the funds they have.

Secondly, how am I know if I am misinformed when I am new to mutual fund? As long as he is an angency manager whatever he tells me I will absorb. If an agency manager would tell the different thing than the mutual fund actually is, do you think I could know? Who is going to tell me then?

Thirdly, yes, he didn't force me, but he was telling me 'I just want to help you to reach what you want, either you want to follow your friend's opinions or you follow my opinions, you choose. I have 3 million assets, big customers, all my customers trust me, they only give me a call and ask me what to buy, then immediately give me lump sum of 100K to buy, because they trust me. Some customers even bank in their money into my personal account.' I can't exactly remember word by word that he told me but his meaning is exactly what i have mentioned here. Would you feel 'forced' to invest if you are fresh in mutual fund?

Forthly, I have surveyed in both versions of public mutual here, I even jod down each and every good performing funds such as small cap etc but some funds are already closed. My fault?

Lastly, yes, I can't blame him, it's my choice to invest. But I would blame him if as an agency manager, he never fully inform the details of a fund and just ask me to invest. What if I am an old lady? I am not internet savvy, I can't read English? So he expects me to study on my own? For how many years I have to spend my time for it? If I can study on my own what for I ask him to meet me and explain to me? Wouldn't it be great I become other people's agent? I have the right to blame him if he never fully do his job.



Firstly, I did tell him I would like to know more about Public Bond Fund, the firs thing he told me is do NOT invest in bond fund as it yielding speed is very low, more suitable to old people. If I invest in Bond Fund, I can't get enough money for retirement.

He said no need to switch. After market down, it will eventually rise up, it won't forever down. Just as when market down, you buy more units; market up, you buy less units. This is the theory he told me.

This post has been edited by debbieyss: Jun 9 2011, 11:19 AM

This i had to agree. This is where you apply the ringgit cost averaging techniques in investing, through investing in different entry timing.
When a market down, unit becomes cheaper, and you can acquire more units at an amount. Example, rm100 can get you 100 units, when 1 unit is priced at rm1. But it can get you 200 unit when it is priced at rm0.50.

And it is true that market will not be forever down. Look at KLCI as a benchmark. Our KLCI (Consist of 30 heavyweight companies in malaysia) index is going up, if you are looking at the long long run. 10 years ago, used to be at 800 points, now it is at 1500+ point.
Market will head down for correction, which leads to a golden opportunity to grab golden eggs.

Usually, when market recover and return back to its bullishness, mutual fund will perform greatly, and returns will be like falling durians, no joke in this.

Remember, investment is not speculation. You must treat it as a medium - long term tools in helping you to achieve your financial goals. Just to inform, in mutual fund, short terms means a period of 3 years. Long terms can be 7-10 years and above. I had seen people becoming millionaire through habitual investment in mutual fund.

But what is important here is the product as well. To be frank, PEF is very good for long term, wise. PIF will be nice to head for a real good lumpsum once the KLCI had plunge very deep into a hole. These are just a few examples.

Whoa.. IMHO, that "Agency manager" is a Sales Agent in disguise leh.

Theory? In reality, bond funds have made more pa% than equity funds before on certain stretches of years. Think 10%pa to 11%pa - I've got the stats, wanna see? . Bottomline - best to use the right vehicles, based on the "goals" and situations, no "perfect" all market situation vehicles.

In addition, it's ALWAYS good to lock in some profits when there are supernormal profits, either from bonds or equities. When there are supernormal rises OR plunges, the "snapback" or "reversion to mean" is usually greater - think of a rubber band stretching very high / low VS one that is stretched only a bit up/down, what would the reaction be? There are logical and psychological reasons behind these - way too long & detailed to write here (IMHO only).

This post has been edited by wongmunkeong: Jun 9 2011, 09:34 AM

Kinda agreed.. Like "kam sau" already.. Hahaha

Bond fund is good. If investor appetite is no balls made of steel, Bond Fund is good as it is conservative, and focus on good sovereign bonds.

Which Agency Manager is that? Need to dig out and see see first. Hahaha. So "kam sau" one.

Wah bro, U going hunting lions with your Scythe?
Just neuter the bugger & spare his life lar

This agency manager got his own Public Mutual office in Cheras one... He is CFA cirtified.

Mr. Lee XX.

Ok lah. That's all I can disclose, spare his life for future. Forumers can take note of this agency manager.

All the knowledge, skills, education and 3 letters behind a name equals to naught when attitude sucks

Maybe he knows i am not rich so don't bother to explain so much for me. Anyway....

Darn.. The world is so small!!

And i think he is not CFA certified la.. Is CFP only..
If CFA, he will not work as agent already. Already go investment banking..

This post has been edited by Bonescythe: Jun 9 2011, 10:38 AM