hi all i just get myself involved in PB mutual few months ago after realizing importance of investment and with help a friend of mine who is an agent..but she is consider a quite new agent...n doesnt seems that can explain things clear to me...
any recommended articles or reading material for invest noob like me?

Hi,

I am new too. I am reading this...

http://moneytology.blogspot.com/2008/04/mu...e-we-begin.html

I think this blog is great and help me to understand Mutual Fund more (for you info, I just started to read Mutual Fund investment a few days ago and I have been reading everyday).

Lets learn together

This post has been edited by lowyat2011: Aug 6 2011, 02:40 AM

Paiseh paiseh - those Personal Money articles and interviews, just like 3 or so small articles only lar.

Dude, i'd rather spend my time and effort TEACHING / COACHING U how to "fish" than just be your agent. I'm not into Public Mutual as a sales agent but more of lowering costs + access to data , + of course some expenses write-off for tax purposes heheh.

Perhaps we can meet up one day (Sat preferred) and go through your options/ideas and solidify your map to the future. PM me, perhaps we can setup a "gang bang" with im_not_stupid too. I'm a "lazy" fler - best to share info and ideas as a group, thus i also can learn from a few view points at the same time

BTW, trust me - by now, U'd have about 80% knowledge of what most typical sales agent knows about investment. Sitting for the agent exam is sup sup water.

Trust me (i've nothing to gain by lying right? follow the $ ) - even 2 of my friends, who are blur blur (started), they sat and finished the exam within 45 minutes out of 1 or 2 hours! It's really really easy, the only "hard" part for an avid investor are some Qs that are about how and what a mutual fund, trustee, customer, SC, etc. is about - all about the structure, rules and history of mutual funds in Malaysia.

Whooops! I'm assuming U guys are in Klang Valley - if you're like up north or down south.. heheh sorry ar. I'm living in SJ thus susah a bit to go up north or down south.

This post has been edited by wongmunkeong: Aug 6 2011, 09:36 AM

u wil lost ur agent if so. unless u r own agent.

if someone sales product......of cource get some profits by selling the product. NOBODY WILL SELL ANYTHING FOR ZERO INCOME UNLESS CHARITY.

UTMC selling units and manage the units.

selling units:
upfront charge/service charge = get profits by selling the units which is from 0.25%, 3%(for epf) and up to 5.5% for cash.

UTMC and agents will share the service charge AS THE PROFITS.

manage the units:
management fees applise to mange the units. only UTMC will profits from management fees.

so, additional investment still hv both SC and management fees. cannot run away. unless UTMC give speacial promotion.

repurchase/redeem units = UTMC will buy back the units from investors. No charge apply becaouse now..investors pula selling the units to UTMC.

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Added on August 6, 2011, 12:41 pmyes, u can hv more 1 acc if ur investment more than RM1k, and each acc must be min Rm1k too.
switching is for save ur money value. u can switch when u think is needed.
switcing charge before 90 days = rm50, after 90 days = rm25
this is from equity funds to bond.

if u switch from bond to equity, need to include the switching charge + service charge. (incase ur frist investment is bond fund)

u can ask ur agent to do switching for u, or u can apply for PM online and u can do ur self onlie, and also u can go to PM branch too.

the epf scheme, the dividends auto re-invest. and u hv not rights to enjoy the divedns until u reach 50 or 55 for epf retirment partialy or fully withdrawal.

if u sell back ur units before retire, the money will masuk balik ur EPF acc 1.

u still can continue with PM even after 55 yrs old. actualy its not good idea to sell back the units before 55 yrs old. u still can plan holding ur units after 55 yrs old.

at 55, u will get ur EPF money and u will spend it...let say after 3 to 5 yrs, finish ur epf money,, u still hv some amount in PM.


VCA and DCA , go to http://asia.groups.yahoo.com/group/Public-Mutual/message/43 & http://www.iankree.com/2010/02/19/money-game/turn-your-mutual-funds-switch-on-and-off/

passive investor = investor will just put the money either lmp sump or regular top up, and not worries abt the mrket trend, will sell back the units for profits after certain yrs. 5/10/15/20 yrs.

active investor = always monitors the market, look for opportunity to max their money value.

there are many ways of investment strategy to max the returns.

PSF =public saving fund.
PRSF = public regular saving fund.

it not mean u hv to invest regulary. all the funds can invest 1 time or more than 1 time. no limit.




This post has been edited by kparam77: Aug 6 2011, 12:41 PM

If you ask me, EPF has been consistently performing on par with other AAA rated bond fund. In fact I use my EPF as my 'bond' portion of my holdings. So IMHO, you do need any more bond fund, just invest a suitable amount in equity funds. Also remember to diversify properly as purchasing 3-4 Malaysian equity funds is not equal to proper diversification.

The amount of bond fund you hold depends on the risk tolerance and also your age. If you feel you are not able to tolerate high risk, then perhaps putting more of your investments in 'bond' like instruments.

You need to have a proper asset allocation though out before you proceed, and if you are a passive investor, rebalance every 6 months will do greatly.

I am targeting 30% bond, 20% Malaysia, 30% Asia Pacific ex. Japan, 10% Global & 10% commodities.

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Added on August 6, 2011, 1:01 pmYou got the right stuff to be a good agent mah, you are honest in helping those in need since this is not your 'rice bowl'. You should give it a go, think of it as charity work loh, by giving them 'rebate' on thier fees. But later don't become like other 'kam sau'.

This post has been edited by gark: Aug 6 2011, 01:02 PM

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bwhahaha - i'm a kam sau in certain situations only lar , not worth my time tipu-ing anyone unless i can get lump sum of > $8M RM Gotta wear grass and run wor tipu-ing ppl + i cannot run from my own conscience although the $ will help

BTW dude - i am doing "charity" work for family & close friends, as long as they are willing to learn and do most things online

This post has been edited by wongmunkeong: Aug 6 2011, 02:25 PM

Great! Looking forward to 'yumcha' with you one of the Saturday around SJ area, I am near Kepong area. Will PM you for appointment. Thanks

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Added on August 6, 2011, 4:29 pmHi kparam77, thanks for the details explanation, really appreciate your help

This post has been edited by lowyat2011: Aug 6 2011, 04:30 PM

mutual fund give dividen need to minus tax?

for investors - no tax for capital gain. but need to declare.

UTMC coperate tax will be deduct from gross dividedns before get net dividedns.

wow...i couldnt think of any reason to say no
im in cheras somewhere near leisure mall, but can travel to other area for learning purpose

PB Fixed Income Fund. Its Approved fund size - 1,015 millioms units, out of which RM905mil, or 856mil unit were subscribed as at 30 July 2011, which is 85% full. Those who want to subcribe in this fund, need to be quick, as those PM/PB bond/fixed income with good track records are sold out one by one.

SmallCap and Bond Fund is excellent performer... but cannot buy now really regret...

Over liquidity (QE2 + coming QE3?) and pent up, now chasing and buying spree?

US bond and T bills are downgraded, Asian bonds and sukuk are still safe as they are asset based.

Public Mutual has very minimum exposure in US and Europe markets.

I've recently invested in Public Mutual Funds. The agent was saying that for funds like this I should let it roll for as long as I can since we are charge 5% for every money invested.

But there is one thing which I don't understand, she was showing me a graph from a customer of hers which has a buy in price, something about when the price goes down we can buy and make a gamble that it will go up and when it goes up we can sell.

Can someone enlighten me?

*I'm asking this here and not my agent due to certain personal reasons

Gambling with mutual funds? Sure lose 5.5% upfront first, then try to win back? Hm - i've never thought of it that way before bro. New idea

Haha I'm new in this, and since I'm trying to diversify my funds, thought I'll invest in Public Mutual as a long term investment. But given the records of PM funds from a positive point of view it shouldn't be that bad?

Even gamblers (those that win) have a plan - entries, exits, selection of game, rate of ruin thus sizing per bet, etc.
Have U a plan yet? Other than roll the dice and let them ride lar Tak de plan = main tikam sahaja bro.

Bagi kohng ci-kei!

This post has been edited by wongmunkeong: Aug 7 2011, 03:15 PM