I'm still in the blur when you say all subsequent contributions for mutual funds doesn't incur the 5.5% fee. Do you mean if I switch my current PM saving funds to another fund this will not incur any 5.5% fees?

Spot on - no fees other than maybe $25 per switch.

Got it, thanks. By the way the Twinvest book is it written by Mr. Lichello?

Well, if one's a multi-million or billionaire, no issue mar.
How many flers U know personally does investing overseas
VS
flers that U personaly know AND investing overseas AND are multi-millionaires?
Very very small % are multi-millionaires right?
if not, hey dude - whatcha doing here? U should be teaching & guiding us how to network with them mega-rich folks and also how to manage $ like a millionaire 

On the Excel example, please notice that
a. I just used the STARTING amount (row 1 of each set of data),
b. added 20% profits  (assuming a few months or years passed after (a.) )
c. sold / switch it out of equity
d. Bought back in / switched in back into equity (assuming a few months or years passed after (c.) )
Rinse and repeat

Thus, seed capital is the starting amount and the only "out of pocket" original outlay, no additional $ was put in. This is to easily see the costs in % over the years / multiples of transactions. If i put in real-world additions, i think it'll muddle it up until 99% of forumers will be cursing me

All subsequent contributions for mutual funds DOESNT INCUR THE 5.5% FEE IF USING SWITCHING. That's the concept of "how expensive/cheap in % vs transaction value OVER TIME Stocks Vs Mutual Funds"  i'm trying to convey.

I also havent got the luck to meet the mega rich... but dont have to invest so far away lor, can invest in sg or hk 

So, like for example, i put rm 100 (first contribution) in i'll ended up with $94.5 in the fund and the following contribution, say, rm 10,000,000 is free of charge

I also havent got the luck to meet the mega rich... but dont have to invest so far away lor, can invest in sg or hk 

So, like for example, i put rm 100 (first contribution) in i'll ended up with $94.5 in the fund and the following contribution, say, rm 10,000,000 is free of charge

No... your initial units which U received for $94.5, when U switch to bond, then back to equity, etc. - $25 only or free (if Mut Gold and switched less than X times a year).

Dude - look at the snapshot example. It's a lump sum (transaction 1) which goes up 20%, switched to bonds... then later switched back to equity and rises 20% again, then switched back to bonds (rinse and repeat).

The same loaded Units growing and switched.

If I put in $1K only now and later dump in $500K and no service charges, U think PM doing charity meh

wow, pay SC for rm100 and expect free SC for rm10,000k. ini macam PM tutup kedai-lah.

Ok I got it  it's the switching incurs no SC fee 

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Added on August 9, 2011, 12:42 pmBy the way, if a fund has a historical 3 yr return of 35%, to get the p.a. return is it calculated this way (∛1.35 - 1) x100% = 10.52% p.a.?

Ok I got it  it's the switching incurs no SC fee 

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Added on August 9, 2011, 12:42 pmBy the way, if a fund has a historical 3 yr return of 35%, to get the p.a. return is it calculated this way (∛1.35 - 1) x100% = 10.52% p.a.?

(∛1.35 - 1) x100%
er.. hehe - gimme a few minutes to digest maths equation (told U i'm a simpleton ).
If Excel i can digest easily lar..

square root of 3 coz it's the years.. ok.. right
1.35 = coz 100% +35% returns? er.. no idea - i usually fill in the $ to get the R
as in S = P *(1+R%)^n

Let me Excel-ize it and test - stay tuned bwhahaah (that's what U get for testing me when i'm not on caffeine) 

Compound Annual Growth Rate (CAGR)

Oh haha, if work it backward it's like [(1.1052^3)-1] x100% = 35% hehe i hope that's right

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Added on August 9, 2011, 1:43 pm
Eg.

[(135/130)^(1/3)] - 1 = 0.1052      Phiew......

Dagnabit maths boy, stop with those funny looking stuff ∛. I only know "square root"  <mk crawls off back to his Excel sheets>

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Added on August 9, 2011, 1:51 pm

Oh sorry, i was just using the calculator. i dont even know the name for that...  maybe it's the power of one third .

Hi all

i am new to PM funds.

Which is in your opinion a good PM fund?  Maybe two.....

i have a benchmark to measure against......which funds in the last 10 years give average of 15% per annum?

Thanks   

Bro ProphetJul - stock market too red to play, thus "playing" mutual funds pulak?

Sure lose 5.5% up front first wor, U sure U want a ride in PM's equity funds ar

Damn, where's my sexytary...

Bro wong

Not cash.....me EPF monies....... 

If me own cash...it has to beat gold before i consider!  

Wow, you have your own formula for excel  it took a noob like me quite sometime to understand.. oh dear i have a lot to learn

By the way, Phillip Capital allows U to use yr EPF a/c1 to do stocks on their platform leh - knowned as "self-managed fund", not fund house managed. That may be more interesting to an experienced direct investor.
Me - i dont have the bleeding lump sum the require, $30K per shot i heard.