I think cheeroy's view is that investment that is based on markets cannot be predicted to be high or low after certain periods of time. If the periods are specifically chosen then it can show high gain if using another set of figures it can show losses.

For example using 10 year projections as a base, if you bought UT in 1998 after the financial crisis, you might got a very good gain in 2008 just before the crisis hit again.

But fast forward 1999 to 2009, your investments might not show any gains.

2000 to 2010 might show gains.

So cheeroy's is against ANY sweeping statements that might be used to 'convince' potential investors of the investment.

WOW! I thought only for a limited time after the initial investment.

So you mean to say as long as I'm always putting my money into the fund, the agent also got a cut for as long as I stay invested? 

I'm tempted to ask my siblings to stop their contributions so that they don't pay to a useless agent that don't service them at all. Maybe they can exit and re-enter with a different agent. 

Dont cut off the nose to spite the face.

The "lousy" agent gets 0.2% PER YEAR (yup U read that right) of loaded funds held only - ie. bond fund units that was never switched from equities will never be part of the loaded fund (KPARAM & TRANSIT, pls correct me if i'm in lalaland)

The cost of EXITING all funds and RE-ENTERING with a different agent will cost yr siblings:
5.5% for equity funds via cash
3% for equity funds via EPF
0.25% bond funds

Why lar? Just stop putting additional $ in and start, if wanted, with a better advisor.

Just a thought 

Thats a good suggestion.

Do you mean 0.2% of every penny we put in per year to a equities fund? So if my family invested RM25k per year, he gets 50 bucks from my investments every year for not doing anything?

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Added on February 1, 2012, 6:26 pm

Yeah I forgot abou tthe service charges... 

FWAHHHH! 0.2% per year from the total units * actual price?
Now I know why so many agents around. 

i dont know abt the % since im only a below average earner.
beside the personal commission,
there are,
indirect commission from downline sales.
carrier  banefit montly, personal/group -  as long investors tied with us. not sure abt loaded/low loaded.
annual bonus,  for cash sales only and the min RM400K annual sales. i never reach 100K annualy. below average mah.
and others.

if investor open acc XXX n tied with agent A. if want to  cahnge from agent A for the same acc xxx.. and want to make  agent B to continue as agents for acc xxx.

3 parties need to sign to change the agents for the invest.
1. investor
2. agent A.
3. agent B.

hopefully agent A agree to sign.

correct me if i wrong.

PCSF -

taken frm prospectus.

The fund generaly maintains equity exposures - 75% - 98%.

however the equity range of the fund may be lower depending on the fund managers assessment of the equity markets. The balance of the funds NAV will be invested in fixed income securites and money markets instrument.

if we c the asset allocation from 2008.....

equity:
2008 - 84.7%
2009 - 93.4%
2010 - 94.2%
as at oct 2011 - 88.16%

MM:
2008 - 14.4%
2009 -6.6%
2010 - 5.8%
as at oct 2011 - 11.84%
so, looks like FM more confident abt the equity stocks in greater china region. they  increaces the allocation every year and less in MM. slitly drop in 2011.

i know some will say PM FM not good in china mrket. but why the FM increase/maintain the allocations? any reason?

is it because, as per stated in prospectus..... The fund allows the investor the opportunity to participate in the long term growth potential of a diversified portfolio of blue chip stocks, growth stocks, fundamentaly undervalued stocks and dividedns stocks in the greater china region???

i think the undervalued stock still  undervalued

any idea?

when c the chart, its start perform from 2Q 09 to 4Q09 only, than back to squre.

can u post the article abt PCSF. any link? maybe that article was correct, but like to know the contents too.

I not mean to scare. 
Stock market make a lot people richer, so does UT.

Just I am against sales kind statement, you buy this UT, 3 year or 5 years from now, you will make money.
It gives wrong impression and expectation to uninformed investors.
If after 5 years cannot make money or making a loss of 30%, how? Agent got compensate the loss?
Then the investor knock the agent door, and ask you told me it will make money after 3 to 5 years one.

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Added on February 2, 2012, 12:13 am
You need to dig deeper. The asset allocation decrease in MM, can be due to withdraw of money from MM to invest in more equities or due to redemption. Both also can contribute rise in equity portion and reduce in MM portion.

So assessment of FM must be correct by your definition? 
Why increase?
It can be many many reason,
They can feel more confidence, more bullish about the targeted stocks. 

Undervalued? 
Today undervalued can become overvalued due to fundamental change.
Again you need to dig deeper into their portfolio to see. I also cannot comment much as I don't study the fund.
Don't get me wrong, I don't mean the fund is good or bad. 

My statement is always, UT or whatever investment can make you a loss, also can make you huge gain.

I just offer opposite view and pointed out there were/are investment cannot even make you a gain even after 3 years, 5years or even 10 years.

Long term or not doesn't guarantee an investment will make money, or make a loss.

I use the word, "can", instead of "will". See the difference. 

QuickQ.

i was offered a package called Public Mutual Saving Fund and told that i'll get on average 12% per year which will be paid twice a year (effectively 6% per cycle)

my principal would not be affected by nose-jump price decrement.

it will be similar to saving account, whereby after 3 months, i'll be able to withdraw my cash anytime i want.

legit?

Hi all Public Mutual / UT sifus..
Only recently I saw this thread, and triggered my action to check my UTs (which has been negleted ;p) I have the following funds:
PIADF
PSEASF
PEF
PCIF

Have bought most of them since 2007, however stopped contributing since 2009.

Any recommendation of the funds above, which to keep or stop?
The one that I did check, PCIF, initially loaded 10K but now only worth 6K.

Well since I do not know anything at all when I buy UT last time, can I ask these questions:

1) In stock market, there should be a willing buyer for the stocks I have. In UT, if I want to sell according to the latest NAV, who is the buyer? The fund Mgt? How does sales / buy impact NAV? Public mutual will be the buyer, normally they need max 10 working days to pay back ur repurchase price.
2) Is there any charges when I sell. I noticed when I buy I am charged 5.x% . no exit fee charge!
3) I read this thread, seems there is a 1.5% charge fee annually? Is it on my total invested value? yup, normally 1.5% for almost all fund, based on your unit on hold.

Thanks to all.

for PB series fund, any recommendation for bond fund or money market in term of dividend that might be comparable to PSF or PRSF? seems unlikely though...or at list good to look into?

just realized that i can not switch my PBINDOBF to PSF & PRSF..sob sob....

I wish can use credit card heheh - 5% cash back credit card will nearly cover the service charges

KParam77,

Actually it is a darn good idea to allow investor to sign up DDI using Auto-debit with their credit-card. All my insurance premium payment are done this way, I don't see why Pub-Mut cannot implement it.

Xuzen