For a minute, I thought you bought that marketing trick, haha...

That is actually the concept of a clever marketing gimmick. It makes the units look "cheap", and make people think they are getting a "big payout".

It even fools people who are "opting for payout, that's something to think about" to think about things that are irrelevant. If you want a payout, just re-invest and withdraw the number of units you want, whenever you want. You have full control, no need to waste time thinking about things which are a waste of time.

If I switch my PSDF (Select dividend fund) to Small Cap ,

1) RM 25 switching fee ?

2) will I be impose 5.5% service charge ?

Thanks

Replied your PM.

1. YES
2. NO since the units in PSDF have been charged 5.5% before and it's called loaded units.

not every investors go for capital grow. some realy takes high risk on growth fund and go for divideds as well.

1 MIL units is not neccesary from 1 time lump sump inv. it can be from regular and top up the dividedns for a few yrrs....... long term-mah.

1. if BOND decalre dividedns evry yrs..... do BOND funds escape from management/trustee/tax?
2. if smallcap is incedental policy, why FM declare the dividedns?
3. why not FM just let the money grow without any dividedns poyout?

Cannot switch.

must use cash

Rm120,000 will be taxed...

I bought PDSF (select dividend fund) at average cost of RM 0.32 few months back , now ITS RM 0.26XX.
Yesterday, I invest some $$ into Public stregic bond fund.

1) Is PDSF a good fund ? What public mutual fund / NOT public mutual fund u recommended ?

2) My agent tell me to pump more $$ in PDSF ? but, I m quite reluctant to do so since it is already loss...

3) what should I do on this fund ? Hold on ? Invest more ?

4) Is it possible to save on the 5.5% service charge or discounted ? And its annual fees.


Thanks

This post has been edited by moon yuen: Aug 30 2011, 02:30 PM

Rubbing it in huh?

BTW, bro - technically it's taxed twice right?(on whatever taxable) right?
ie.
1st time: Companies payout dividends to stock holders ---> PubMut: 25%
2nd time: PubMu --> SmallCap investor: 25%

1) it is a bond fund, not the same with PSDF you invested.

2) Agent, majority I encountered generally tell client to pump more money disregard what kind of situation you are facing one.
It is your money, you decide your own, and listen to your own.
Fund price fluctuating is quite norm due to market condition.

3) Dividend fund generally is quite steady and performing well over the long term.
Whether hold, or invest more, this kind of question only yourself can answer.
Investment is all about one's wilingness to take the risk.

4) For other fund run by other fund house, it is possible to get 2.5% service charge if sum is large enough whereby some broker, banks can give such a discount, but for PM fund, I am not sure it can or not.
Annual fee is fixed, nothing you can do.

No imputation system?

No, it is not taxed twice.
It is imputation.

Whew... heheh, i just had to be sure (semi-sure's sure shaky ).
Gracias Monsta2011 & Cherroy

This post has been edited by wongmunkeong: Aug 30 2011, 03:41 PM

ya, the tax shuold be less than 1 cent from12 cents.

moon yuen,

i think u invst less than 1 yr.

dont panic....its normal the value drop since the unit price drop. what u expect during market down trend and ur fund perform opposite?

u must give some time to the fund to perform for ur money.

u should analize the fund before enter. and study abt the risk as well.

u can top up it for the cheap price. when u top up for cheaper price, ur average price will less than ur original price rm0.32.

u can negotiate with ur agent/comapny abt SC. NO way to reduce the Annual fees.

as a agent we can guide u, but u hv to decide what u hv to do. its ur money.

PSDF is actualy good dividedns fund for me, since im still holding it. bougth it for rm0.31.

howszat, I would like to comment on your last sentence. If you reinvest and withdraw the number of units after the distribution, you don't lose it's value, but you are losing the MQGP. You lose the status (if you're a Gold Member) in a way.

what do u meant by imputation?

n also another SC for re-invest.

Hmm it's like the shareholders are given tax credit (imputation credit) for the tax paid by the company to eliminate double taxation. But apparently new companies commencing their operations in YA08 will use the single tier dividend system where tax paid by the company is the final tax (shareholders dont need to pay tax on the dividends they receive). Companies operating before YA2008 will have until the end of 2013 to fully transit to Single Tier system.

actually do we really need to take a look on distribution? cause the distribution is given from our share also?

Capital gain is more preferable for investors who look for high return.

But certain investors preferable fixed and stable return.