Oops - i "fingered" the wrong posting (fat finger + smartphone, not too smart user ) to reply to, i was aiming for Aurora Boreali's post.
Coffee hadnt kicked in yet

This post has been edited by wongmunkeong: Feb 15 2012, 08:30 AM

Based on my on MGQP, $ left in low load units = 0 MGQP.
Loaded units however, even SWITCHED into bond funds, seemed to be still points, thus i suspect it's more of a "rebate" scheme - spend more on "service cost", earn more MGQP

I may be in lalaland on this though

This post has been edited by wongmunkeong: Feb 23 2012, 12:19 AM

hehe - uncle KParam didnt tell the bad news.. we, as a customer, still get hit 0.25%, 3% or 5.5% leh.
Recipient is PM (fully i think), not shared by PM & Agent as per norm for 3% & 5.5%

This post has been edited by wongmunkeong: Feb 27 2012, 08:14 PM

I think it doesn't matter what "a lot of people" are doing. More importantly is WHAT U are doing and WHY - right or right?

If U have a Public Bank a/c can invest online OR apply for Public Mutual Online a/c and U can invest, switch, redeem/sell back to PM and also check yr mutual funds' units & value.

Tell yr CONinSULTANT to go learn up about something called a computer and Internet first, then ask him again

This post has been edited by wongmunkeong: Mar 10 2012, 04:56 PM

but the dumb a** thing is forumer's agent STILL gets the commissions if forumer DIY online to manage/buy/sell/switch from his existing accounts to other accounts!
If i was the forumer's agent, i'd be more than happy to teach forumer to DIY

This post has been edited by wongmunkeong: Mar 10 2012, 05:10 PM

If U really READ THROUGH THE ENTIRE Public Mutual thread V3 (and perhaps V2?), and
a. yet have NO IDEA how to filter for mutual funds which are better than average
b. dont know about Asset Allocation & investment methodologies
c. dont know about Public Mutual's FP Advisor software for analysis purposes
and still haven't come up with some structure for your clients?
and still looking for "the guide line"
....

This post has been edited by wongmunkeong: Mar 14 2012, 03:38 PM

Dont lar compare yrself to him, G1bber.

That fellow forumer said READ THROUGH wor.
U upfront asked Q + U aint an agent.
He is wor - though it's good that he intends to improve himself to help his clients, he seems way too lazy and "want the guide line" to be injected or fed intravenously into him

BTW, the things he wants, "the guide line" are all in my reply to his post. He just has to google or buy books on them , or perhaps attend classes for FP Advisor (PM's own software for agents!) shock! horrors!

This post has been edited by wongmunkeong: Mar 14 2012, 03:49 PM

This Sat is good, i'm "free" 2pm to 4pm. My place?
Sorry Mod - a bit serong though really still about Public Mutual heheh. I'm sharing with G1bber on PM's stuff, tracking, calculations, automation, etc.

Bro, it's not a matter of me wanting to keep knowledge to myself (checkout the Excels and ideas i shared here + V2, Fund Investments and Personal Finance Management threads/topics). It's a matter of reading & learning about investing, money and risk management, estate management.

If U really have read through the entire topic/thread, U'd have noticed those things i stated:
a) Asset Allocation (the big momma of them all)
b) Investment methodologies (Value investing, Dollar Cost averaging, Value cost averaging, Trend, etc.) for opportunities approach VS no fear/greed approach, both entries AND exits
c) Before (a) & (b), the most important aspect as an investor is in reality, "money management" and "risk management". Google these and/or take a peek at Personal Finance Management topic/thread where lots of folks shared ideas
d) Retirement / Uni education / financial numbers planning to hit these goal(s)
e) Estate planning - we invest/build/etc. for what? spending, securing AND giving them out loved ones and/or back to society during our life OR after our life time.

If one does not even have the above, how to share and help clients properly?
Invest = to make $ only as fast as possible? Might as well buy lottery ticket right? That's not investing - unrealistic, no risk mgt, no time horizon, no goals.

Read, google, get books and read or pick investors' brains herein LYN and other forums with SPECIFIC questions after U did some reading/research.
Asking for "give me the best.." "best time to buy/sell..." "what is the best..." is as good as "what is the meaning of life". It DEPENDS - especially if those who reply "for sure.." or "100% this and that..", please ensure their crystal balls are working

This post has been edited by wongmunkeong: Mar 15 2012, 02:31 PM

Peak? not for all equity funds in my humble opinion.
If U mean just domestic focused equity funds, U are generally right EXCEPT for some small caps focused funds
+there are several foreign focused equity funds which are definitely not at peak like PFES, PRSEC, etc.

True though, assuming U meant simple net profit % returns (my bad if assumption is wrong ), one should also look at the %pa compounded or CAGR as well - time-value of $.

---

Added on March 20, 2012, 10:39 ami. Whats the difference between Public Strategic Small Cap Fund and the Award Winning Public SmallCap Fund?
Read the Prospectus for official variations

ii. Is it wise to invest in small cap fund in this current economic environment?
IMHO,
Yes - if U have an overall plan (eg. Asset Allocation) which is going to run at least 5 years or more
Maybe No - if U "feel" it's good to have

So, do i win the "no prize" award of Gold Investor Guide?

This post has been edited by wongmunkeong: Mar 20 2012, 10:40 AM

Compounded Annual Growth Rate
In normal talk, % per annum compounded growth/returns, which takes into account time value of $

eg.
Year 1: $100 *(1 +10%) = $110
Year 2: $110 *(1 +10%) = $121
a. If one were to take $121 (end value) / $100 (principal) MINUS 1 = 21% simple returns calc
b. If one were to see the actual per annum growth, it's 10% pa.
It's easier to compare per annum compounded to other returns like FD, EPF, etc. thus is easier to use (though harder to calculate) to compare similar classes of assets/investments.

another eg.
my Prudential (now changed to dunno what Eastern) SmallCaps shows me 90%+ returns BUT in %pa compounded / CAGR, it's only 11%pa+ to 12%pa+
See the huge "marketing" difference?
Wah! I made 90%+!
vs
Wah! I made 11%pa + only VS that dude 90%+ (for the blur)

er.. that's the "different conclusion" as your 15% is (150% / 10yrs) is simple average returns %.
This is NOT per annum compounded VS EPF's 5.5%pa compounded, thus not too right and may give not too right interpretation.

There's quite a huge difference when U use simple average returns % for "long term" time-value
eg.

15% simple average yearly returns VS 7.18%pa compounded / CAGR.
Looks TOTALLY different right? Same $40K end value in 20 years
Most "marketing" BS is using total % (eg. 150% in your example above) or simple average yearly returns % to CONvince layman.

Understand the "danger" in comparing non-CAGR vs CAGR results in your example of 15% average pa profit VS EPF's 5.5% pa compounded

This post has been edited by wongmunkeong: Mar 20 2012, 11:48 AM

simple average per annum:
(End Value / Principal) -Principal 100% / Years Held
OR in eg ($40K / $10K ) -1 / 20

Did i miss something out? hehe - pls correct me yar if i blur

Oh yeah - whoops. Heheh - baaaad finger, bad bad finger.
Thanks - was in Excel but didnt translate properly to "English" last post

This post has been edited by wongmunkeong: Mar 20 2012, 06:56 PM

needn't , it's simple really - most of us here are no rocket scientists, nor brain surgeons.
heck SPM maths also credit only & add maths.. didnt even take (ran off to commerce/accounting stream due to add maths )

Well, U can choose to trust some CONinSULTANTS 100% or U can verify their claims to see whether they are indeed good advisors or CONs.
Your money, your choice.

Me - i'd still check / verify even my most trusted insurance and mortgage agent (sorry ar Brian, if U are reading this), coz no one will care for my money / assets as much as me

Use sweat, tears and life force / death time to earn ($) wan U know - what U think, fall from sky (unless born with silver, gold or platinum spoon lar)? hheheh.

Heheh the ULTIMATE Q for consultants eh - what do U invest in and how
Very good logic - if they themselves dont take care of their own investments, U think they can help U?

XJia, not all agents are CONsultants. Unfortunately, more "pure sales agents" than "investor & advisor" agents around though.
BTW, i am a UTC too - generally as my own "bestest" agent + customer & once in a blue moon "picky as hell agent"

This post has been edited by wongmunkeong: Mar 20 2012, 10:39 PM