Mar 24 2010, 01:26 PM
QUOTE(kevyeoh @ Mar 20 2010, 09:29 AM)
yes...the dividend stuff is a pure BS to me... at first i thought it's really a dividend but then they actually give me the dividend units but the NAV price drops...end of the day..it's the same thing...quite pissed with that and i sold all my unit trust....
Added on March 20, 2010, 9:30 ammy earlier post is reference to this
errr? 1st of all, there is a tickbox in the new fund application form, where u can either choose ur dividend to be payout to u or reinvested. 2nd, The fund price drop is only natural, it is adjusted after the ex-div date...this is also true for stocks. 3rd, dividend is regarded as income & is therefore taxable.Added on March 20, 2010, 9:30 ammy earlier post is reference to this
4th, I'm glad u sold off ur units, coz ur agent didnt do a good job educating u, ur move will give him a slap on d face, unless of course u r ur own agent, that's a good slap on ur face
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