Sep 7 2010, 05:39 PM
QUOTE(David83 @ Aug 28 2010, 10:18 PM)
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Dear all (especially David83, Jordy, and Guanteik)I've been investing in PM for quite a while and have been using the switching strategy to time the market the best I could since I monitor exchange rate and stocks for my daily work. I have 2 questions for all here:
1) How strict is PM about the 21 days switching rule? The fineprint says PM reserves the right to reject any switching transactions if its done within 21 days of purchase/switching. Sometimes we can't wait for 21 days when the market requires us to switch (either cut loss or lock in profit). I have switched before 21 days a couple of times and they were all accepted so I'm not sure how strict this rule is. I've called PM before and the guy told me they're not very strict as long as the switching within 21 days is not done TOO often. But he couldn't explain to me how OFTEN is OFTEN? It's so subjective. I'd prefer not to accidentally repurchase when they reject my transaction so can anyone explain to me? Thanks!
2) In the PM gold status brochure, it says we can qualify if we have 100k MGQP. And it says MGQP is added if we switch into equity funds and MGQP is deducted when we switch out of equity funds. But my MGQP has been the same since I started investing in PM even though I have been swicthing. How does that work? and what happens when I do reach 100k? Can I call them to ask for the status? And if it drops below 100k for some time, how long is the grace period before my gold status is disqualified? 3 months? 1 year? It's not very clearly stated. Coz sometimes when the market is at the peak, when i switch out of equity funds and into bond funds, what happens to my MGQP and gold status?
Thanks for your time and hopefully someone can give me a clear explanation for the above.
DarenS
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Hopefully someone else who has experienced the same scenario can explain to me 
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