Yup. Baka = idiot / idiotic
PM's Baka switching rules

thanks for the confirmation too alizee,

@wong
i know what 'baka' mean, but i'm more interested why you think its a baka rules?
other mutual fund don't have that, switching?

This post has been edited by koinibler: Aug 12 2011, 10:09 PM

Oh hehe, my apologies, wrong channel. I thought U yourself found it "not too smart" a rule as the amount U are FORCED to SWITCH is based on units, and 1K units summore, even though the value may be MORE than $1,000 or technically can be more than even $10,000 (if NAV climbs to $10 lar). Thus, to keep NAV "low" artificially, dont U think PM then "gives" out dividends, suppressing the NAV and psychologically for customers "chicken lays eggs leh"?
<highly suspicious here - follow the $>

U do know how dividends "work" in mutual funds right? It doesnt add crap to investors and in reality, buta buta kena tax summore.

I'm unsure about Prudential's funds (i'm having that too) minimums though. I suspect it's all a conspiracy

This post has been edited by wongmunkeong: Aug 12 2011, 10:22 PM

I want to ask ah... I heard if u r agent u must reach quota each year. If I become agent and don't reach quota how ah??

They'll abduct U, threaten U and water drip torture U.

Seriously though, nothing much lar, other than give U "warning" and after a few times, kick U out gua. I've never been given a quota or chased or tortured. Or i may be just lucky gua.
BTW, i'm THAT type of agent, the zzz type

i doubt on asset manager of PM... From 1st day public of fund until now. the price i bought for PCIF is low from 25sen to 19 sen.. It never been up b4 during the few years invested. I wonder if i should take it out and invest myself in stock exchange.

Wow...another Wang sifu.

I understand your points here and fully aware of it. Thanks for sharing.

The reason of having this idea is because EPF doesn't provide much flexibility in terms of the withdrawal. Members are only allowed to make withdrawal every 3 months. It may take up to a maximum of 21 days from the application date to transfer the money to fund manager. When this happened, I might miss the golden opportunity to buy at low NAV.

I know what you going to say next is with DCA, I don't have to care about the NAV.

---

Added on August 12, 2011, 11:15 pmIn fact, most of China themed funds by PM are not performing well since launch. I have been holding PCIF since the launch date. I almost break even before the recent market downturn. I was planning to exit and switch to a better performing fund at that time but God is not helping me.

This post has been edited by milentechie: Aug 12 2011, 11:15 PM

They wont kacau as long as u pay the annual membership fee and continue contributing funds through yourself, IMO .

hi experts or any agents...
question...i just open a Public Mutual account and i realize that all i have is probably the slip of my account...i don't have passbook at all..

so how do i actually sell my fund and withdraw money next time?
just go to bank and show my IC ?

apply public mutual online, u can fiil ur bank saving acc no for bank in ur money there.

for no1. call customer service for confirmation.

for no2. 1000 units.

SC for bond = 0.25%, when u do DCA to switch to equity fund, take note of switching fee before/after 90 days and u cannot run away from paying 3% SC for equity funds.

total SC will be 3.25%. no harm if u understand the DCA concept.

u pay less SC when u buy the unit cheaper.

u can calculate ur self if the unit price rm1.00 and rm0.80. SC for rm0.80 chaeper than rm1.00.

to max ur returns, its good t apply the DCA and VCA.

yes u can hv 100 diff agents for same/another funds.

wel i can satisfied u. maybe.

u can c which fund is good in monthly/qurltly fund review n fund perfomance in PM website.

Heheh - if U work hard enough and smart enough for her, i'm sure U will satisfy her . Gambate!

nice funds? when the dvidedns?

local funds doing well, or u choose local 70% / foreign 30%.

small cap just reopen back... time to concider, high risk come with high returns. dont buy a fund which giving dividedns very near. ur money need to work for u to give dividedsn.

if u buy units very near, before ur money work for u, u need to pay some taxx from ur money.

gross dividedns - tax = net dividedns.

MY SUGGESTION ONLY.

ur acc still active even if u switch all the units to other funds.

u can concider to switch to other perfoming funds.

u can go for stock if u know how to handle it.think n plan properly.

Public Mutual China funds are sucks

god is always beside u........... but u hv help urself.