i ave question: how i want to sell UT fund online?
i ady ave online acc but dont know how to do

u already old still wan start invest UT?

u better take ur hard earn money go spend.

later u regret kerja but dont have time to spent ur hard earn money

Old is good, old is wise...
My blog also got UT recommendation.. Ahem. Haha sorry, wrong info..

first would like to thanks wongmunkeong again for comparison of service charge between stock and public mutual fund.

I'm also quite confuse on gark turnover statement.
Can somebody explain what its mean by

i would suggest u to put in those consistent fund with high distribution and opt for distribution payout....

Thanks for all the blogs and feedback about UT.

I knew I am a bit behind time of invest UT, I notice some forumer start investing in the early 20s... and me (40s+) just started thinking of investing UT... hope it is not too late and catch up...

Thanks again.

This post has been edited by lowyat2011: Aug 3 2011, 10:23 PM

can anyone guide me how to sell UT fund using online acc?

It's called Repurchase.

If you mean PMO, then under Transaction Request, there is 'Repurchase' option.
Although never tried that, but it seem easy with for 4 step. I guess, if you open your PMO on repurchase option, then should be no problem.

That's one person's own way of looking at things which may not be appropriate for other people.

The big picture is this - are you happy with the fund returns in relation to your objectives? If you are, you probably don't need those rules. If you are not, you have to decide whether those rules are meaningful/applicable in your case or not.

Trading or investing is an irrelevant measure - it's the end result that counts.

tq bro

Is there any charge for changing agent? A friend of mine told me that in order to change agent you need to take out your money first from the fund and then re-invest that money back under the new agent - in which you will be charged again 5.5% :-S

Short answer = not too smart way to change agent. If U do that, you're literally losing 5.5% again lump sum. If your new agent is your new partner / hot agent + your old agent has become your nemesis, i may understand lar

Long answer
http://forum.lowyat.net/topic/1299169/+1968
http://forum.lowyat.net/topic/1299169/+1982

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Added on August 4, 2011, 6:55 amDont worry bro, we've got at LEAST another 30 to 40 years ahead of us if we keep living right . I've just hit my 40s - it's never too late to learn + if U dont learn & do, time will still pass.. and then what are U going to do?

Please do ignore trolls in LYN - i bet you them trolls have not thought about "oh oh.. i've not enough $ to last me another 5 years.. better commit suicide ar?" when they asked U to spend spend spend.

This post has been edited by wongmunkeong: Aug 4 2011, 09:23 AM

yes..its not too late for u. as long u understand abt UT concept and UT risk management. i think u can take moderate risk level.

try to read moderate funds in prospectus. maybe it will fit for u. balanced fund is concervative to moderate.

u can hv both in ur epf shceme portfiolio. don't put all in 1 fund.

u can switch to bond fund if needed. and switch back to equity funds later, if needed too.

OR JUST LET UR UNITS GROW UNTIL U REACH 55 YRS.

40s over stil not too late la, stil hv about 10yrs to go b4 u retired...but ur investment need to double up only, eg, those who started 20s can monthly RM100-200, but ur investment need to catch up lo...

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Added on August 4, 2011, 8:35 amsory, at my previous post i mentioned to opt for distribution payout...but since u only 40s over, then pls opt for distribution reinvest...

This post has been edited by rkg38: Aug 4 2011, 08:35 AM

Turnover is not management fees, it is rather brokerage fees. It is how much value of your stocks are being traded. Each time a stock is being traded, the brokerage will take a small cut.

Turnover = Total stocks traded / total stock holdings

Well that is my view only, if turnover is >2, then that means twice the amount of stocks are being traded compared to the holdings. This will incur brokerage, stamp duty and also opportunity costs.

Well luckily most of PM funds are <2, that's is why I am invested with them. Some bond funds can have turnover as low as 0.1. However there are some funds which is secretly milking brokerage costs to their related investment bank, especially those without soft commission policy.

High turnover can affect the following:

1. High brokerage costs. You can see the total amount of brokerage cost in the annual report and which brokerage they transact with. (90% back to their own investment bank.. )
2. Soft commission policy. Some of the soft commission charged by the brokers are more like additional (related) perks to the fund manage but charged to the fund holders. Perks includes, furniture, computers, software, magazine subscribtion, overseas travel for meeting etc etc.
3. Opportunity costs. If a fund with such large holdings trade too often they usually cannot get good prices in the market due to the volume they are trading, and they usually have to buy up. (Stock trader's should know this ). Also if the fund is trading in and out what happen to the conviction of their picks?

Not all high turnover fund is bad, but those with the highest turnover usually do have a more tepid results.

It is never too late. But start up slowly but surely as you might put your capital in a risk that you cannot afford. Generally you might want to move to safer UT as you age, but... if you are wealthy and do not need the income for 5-10 years or so, by all means invest slightly more aggressive.

This post has been edited by gark: Aug 4 2011, 12:11 PM

Notice of Unitholders’ Meeting for Public Global Balanced Fund, Public Islamic
Asia Balanced Fund and Public Islamic Balanced Fund

We wish to inform that we are calling for Unitholders’ Meeting for Public Global
Balanced Fund (PGBF), Public Islamic Asia Balanced Fund (PIABF) and Public
Islamic Balanced Fund (PIBF) to be held on 24 August 2011 to propose for changes to
be made to the Funds’ Investment Objective, Investment Policy & Strategy, Benchmark
and Fund Name.


Please contact our Customer Service Hotline at 03-6207 5000 (Kuala Lumpur),
04-729 1500 (Penang) or 05-210 6500 (Ipoh) if you have further inquiry regarding the
above matter.
Thank you.
Regards,

Thanks for the answer man.

Here's my case:-

Actually my agent inactive already, I received a mail from Public Mutual saying that I'll be automatically assigned a new agent, and I have choice to appoint another one within 3 months but I didn't do it.

I got a friend (not close) that is also an agent. So after this 3 months gone by (now I'm under a new agent that was auto assigned to me), I'm asking this friend to be my agent since she already advised me a lot about switching funds and whatnot. My friend told me that changing agent won't be charged, and since I wanted to switch fund as well I only have to fork out RM25.

All is well to me that I already fill in the form for new agent... until the day she went to Public Mutual to submit the application (she's offering this help to me and I didn't suspect anything)... suddenly she gave me a call saying that in order to change new agent I need to draw out all the money and then re-purchase the fund which I will then be charged 5.5% for service fee, and the worse thing is that SHE HAS ALREADY DRAWN OUT ALL THE MONEY FOR ME in check form under my name. Then she asked me to bank in the money first into my bank account and then make a new bank draft to buy the fund (with 5.5% charge). I was like what the hell I'm not going to put my money back into PM, I've already lost a lot and instead of just having to pay RM25 for switching fund (which I can do also with the new auto-agent) now I have to pay additional 5.5% for this?

Sad story, me an idiot for trusting someone I don't know well and won't have trouble ditching me for sure since we are not close friend... Now I'm considering legal action against her (if that is even possible).

File a formal written complain to PubMutual pls. It's ppl like her that needs to be weeded out. Er.. U do know why she did what she did right? it's about $ in her pockets!

Right I know what she did but I thought she wouldn't do that to me after all her advises to me before... and plus I was thinking of investing more through her seriously since I'm thinking of getting out my money from ASB since it's not syariah compliant, and also got EPF money as well. Thanks man I shall do that though I don't know if Public Mutual gonna treat my case - small fish only :-(