Yup, been doing that since.. 2005 (on my ex's name and 2008 on my own name).
Simple calculations:
a. If doing only EPF into mutual funds: $xx,xxx *( 1.75% *(100% - tax rate%) ) must be > $100 to be worthwhile, preferably double that (margin of safey mar )

b. If doing only cash into mutual funds: $xx,xxx *( 2.75% *(100% - tax rate%) ) must be > $100 to be worthwhile, preferably double that

c. if doing combination.. er.. go calculate lar hehe - no Excel here with me.

Cost per annum is about $100, just watch out for the "other requirements" such as PM's minimum sales quota (i think it's $30K) + the industry's yearly CPD requirements.

Thanks for the news... maybe the discount will be permanent in future?

Noted that when purchasing online, there is a selection on the agent code, and "NONE" can be selected. Maybe in future, more discounts can be given when no agent code is selected. If the commission is 1.75% for EPF investment, the online charge should be 1.25%...

It will be great if the online service is directly linked to EPF, no more filling in forms... have to go through several forms in my last purchase to get the thumb-print right.

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btw. the PMO is reputed to be fool-proof, maybe try whether you can change the epf fund from 're-invest'?

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INVESTMENT TIP
A bond fund has slightly better returns than FD; in fact a good bond fund can be better than EPF. (The sad news is that good bond funds in PM is normally closed for new investments.)

With Public Mutual Online and e-banking, you can easily purchase a unit trust fund in bonds (and re-purchase) online and transfer monies from your savings account (and back.) The charge is only 0.25%.

It is more convenient than transferring your money from savings to a Fixed Deposit Account.

The rate of returns is pretty linear in bond funds, and it is not significant to determine the date when to make the purchase, just as in making a fixed deposit. But unlike FD, there is no fixed term and no interest lost in early withdrawal.

The measly 0.25% can be recouped in less than a month.

Cheers.

I bloody wish (EPF forms no more and all online) but someone's palms must be heavily greased for that to happen i think

As for the lower service charges when / if selecting "NONE" for online transaction's agent, ooo nice and can be done IF PM has the nuts to withstand the war cries of sales agents (ie. no value add flers).

Both the above still wishful thinking only heheh.

Ooo yeah, i've tried before, screwing around with PMO. Nope, can't change "reinvest" to "payout"
Yes yes - i had similar ideas

Not too wishful thinking on the lower charges... just spreading the idea at every opportunity... and market forces will eventually prevail.

If "NONE" is selected, no agent will get the service charge either...

the SC will goes to company.

Yeah, that is like cutting off the nose to spite the face

No, no, don't get me wrong... am not anti-agent, just telling the truth as it lays.... if "NONE" is selected, whether lower charges or not, no agent will get the service charge. If the agent code can be manually filled in, will be happy to fill in your agent codes.

I also invest in PB series; and went to the nearest branch or most convenient branch with easy parking previously; and now, the name of the agent in the online service appears as "PBB"; and it appears 3 times in the selection. Previously in the statements, the agent's name was shown, now just "PBB".... So I do think something will change in the near future. And maybe the online campaign is sort of a testing ground.

(No, I don't think all the 3 PBB agents had resigned, as the latest purchase was last month.)

If the service charge is higher, and other fund houses are more attractive, a smart investor would know where to invest. Am not disputing whether a UTC deserves the fee or not, but whether PM will get the business. This is what I meant by "market forces".

Cheers. Happy Investing.

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yo... may i know wat is the best fund to invest now?

Yes, the best bets statistically are the ones with the:
1. best Sharpe ratio & Alpha Jansen Ratio
2. rated at least 4 stars by Morning Star, Lippers & Normandy
3. a minimum of 5 years track record for the above, preferably 10 years, with minimum 8%CAGR

and lowest purchase, management and exit cost (if all else above being equal - the tie breaker)

Gambate!

This post has been edited by wongmunkeong: Aug 4 2012, 06:43 AM

+1, brother wongmunkeong. In addition to the following:-


i. Low annualised volatility (generally, the lower the better)

ii. Quality of the Fund Manager (Hint: Chen Fan Fai, Fund Manager for Kenanga Growth/Syariah Growth Fund or AmInvestment Management Sdn Bhd for Amdynamic Bond )

iii. Low turnover rate for stock trading (higher turnover leads to higher transaction costs, thus leads to higher annual management expenses. Recalled Warren Buffet said about Sir Isaac Newton "4th Law of Motion" ---> Return decrease as motion increase )

iv. Resiliency of the fund (The losses recorded by the fund during the market corrections and downturns over the past 3-5 years must be lower than the peer average)

Happy Investing!


p/s: Happy to see my Kenanga Syariah Growth Fund grew positively day by day for this week

This post has been edited by izzudrecoba: Aug 4 2012, 08:30 AM

Same situation here. GG.
We have the same agent i guest.
She and He just called me to switch to their OCBC fund instead of holding there.

and if U do so, U incur service charges again for OCBC's equity funds...
then the fler moves to CWA and U move again?

These kinda "agents" should be shot on sight.
They should at least have the decency to give options to their customers - if that equity fund didnt work out, what are the most probable causes and what are one's options + costs.

Moving from one fund house to another is literally selling, not "SWITCHING", off then buying in again, incurring the dang services charges again
No better or more cost effective options meh?
and er.. don't tell me lump sum whack again ar?

Note - even the donkey PCSF can make $ in 2008/2009 buy-in transactions, if one did value averaging & dollar averaging, and took profits at abnormal gains
Thus, selection of fund is one thing, execution plans is the other 50% of the puzzle.

Just a thought

I did reply her that "It is not SWITCHING" then she claim that fund is dying. It will not make it back if stay in pbb fund.
No doubt they are "double agent" for other competing brand...
Most likely they get fired and now they start their own agency via gorek all ex-client.

do u invest in china market funds?
read this.... http://www.theedgemalaysia.com/index.php?o...17960&Itemid=79

sharing only.....

Signal that China is indeed bottoming?

So buy a China or Great China fund now?

I never believed in single-market funds, if u ask me, Greater China would be more appropriate. But for me, I chose access via Emerging Markets fund.

Time to open up a new thread, no?

Reit is better for now...