my guess t'mrow might be good day to invest,
since its friday, and monday is holiday.
investor don't want to hold for long weekends.
today little green might be just an event created to sell, or cut loss...

also waiting for CNY and GE for another low

just my 2 cent

10 days is max days needed for repurchase,
might settle for 1 day too,
maybe CS just wanna to answer safe.

2morrow will drop? haha.... may be good chance~

Best to see the KLCI movements until mid-day, then only decide and execute online before 4pm lor. Remember - mutual funds uses end-of-day to price their NAV (which we pay + service charges%).

I still remember 2008's KLCI 10% drop by afternoon, kicking up the auto-short-circuit to close KLSE - now THAT's the time to buy into PIX if one had the nuts, then sell off a few days later (assuming one's an agent lar, thus lower cost)

This post has been edited by wongmunkeong: Nov 25 2011, 06:55 AM

Just wonder, Public Mutual like u guys, what is the sales charge ? (normal people is 5.5%). (What is ur total cost vs normal people?)

today red red = =

Yesterday market is relatively flat. Europe slightly down after Merkel comment. US closed for Thanksgiving!

For PM's equity funds, cash investments' service charges is 5.5% of which 2.75% goes to agent (pls correct me if i'm mistaken)
For PM's equity funds, EPF investments' service charges is 3% of which 1.75% goes to agent (pls correct me if i'm mistaken)

Thus personal cost to me is calculated as:
Cash investment: 2.75% goes to PM + (2.75% which goes to me as agent *26% income tax)
EPF investment: 1.25% goes to PM + (2.75% which goes to me as agent *26% income tax)

Side note:
There's this thing called Agent Pink - it's like monthly DCA deducted from commissions only (cant put in cash monthly). This is invested at NAV without any service charges. The amount per month is dependent on one's level in the group.
Unfortunately i'm still at the bottom heheh coz i dont recruit actively nor sell sell sell (i'm at heart an investor - cant bullshit ppl to buy buy buy when it's not to their advantage).

This post has been edited by wongmunkeong: Nov 25 2011, 08:09 AM

That means almost ZERO cost for agent lo....

2.75% to public mutual, 2.75% to urself. the difference is the tax only...


What is the minimum annual target to bcome agent ?

Minimum sales of $30K equity funds pa - aargh... during my retirement i may need to rope in my upline to be my agent as i may not be able to continue at that clip ($30K pa) for mutual funds

This post has been edited by wongmunkeong: Nov 25 2011, 08:54 AM

be agent so good... only 2.75% charged... not like us 5.5% ... so suffer

aiyo bro - be agent gotta pour in $100+ to $200 pa for agent cost & system/software cost AND must keep bringing in sales qouta of >=$30K pa for equity funds.
Not everyone can be "self sufficient" to hit that $30K equity funds sales even with priming from family members (assuming all via EPF to Equity funds only).

Thus, since it's a biz, why not TALK and NEGOTIATE with your agent lar for "better value" since U know them numbers liao.
Keep in mind, agents also get a 0.2% pa of TOTAL LOADED UNITS VALUE HELD BY CUSTOMERS and other perks like trips, incentive bonuses if hit $xxx,xxx, xxx etc.

Mind U, i've never tasted any of those except the 0.2%pa heheh - i'm not a million roundtable sales agent mar.
Bottom line - go lar talk & nego with yr agent - they sure want long term wan, especially if U DIY most of the things yourself and they just submit for U Heck, with the PMO (Public Mutual Online), U can DIY everything EXCEPT EPF --> Mutual Funds only.

This post has been edited by wongmunkeong: Nov 25 2011, 08:54 AM

if u tink like tis mayb a bit risky..let say u join as agent to enjoy this 2.75% commission, then sure u will ask ur family member n frens buy frm u too. bt after 2-3years u may not enuf 30k quota/boring in this line, then pb mayb nt allow u 2renew ur utc lesen. by that time all ur customer(family member/friends) will direct to ur upline n ur upline wil enjoy da bonus..
just my 0.00002sen...

agree to u bro, bt pb got rules that agents cnt give service charge discount o..if they noe it ur agents will get disqualify.
i tink if da agent is ur family member then they onli will tk da risk do this, else i doubt will they do it 2u..
btw agents oso nd makan de ma...they nd 100k every month onli cn get 2750 commission, as long as their service is gud then pay them lo.bt mk sure da fund they recommend really earn money la..

Im not pb agent but agree on the clients servicing part.

Just pay your agent if they monitor your investment well.

But please dont invest with an agent for the sake of helping a friend. Money still money.

30K MEAN 1 YEAR OR 3 YEAR?

But if I plan to become an agent for myself only, how to hit RM30k per annum?
If can't hit this figure, how come so many people be their own agents?

PM started clamping down this year - the qouta thing was sent out officially i think this Oct/Nov. Quite a number of sleeper agents and customeragents got startled.

Previous years (looooooooooong time ago when i started), no official letters/memos & warning sent out - heheh, i remember coz i definitely didnt hit $30Kpa last time.

This post has been edited by wongmunkeong: Nov 25 2011, 10:21 AM

if this year i hit 30k... and nx year nothing movement ... izzit still count as 30k? as long the 30k iniside investing

$30K Sales of Equity Funds per annum - i think that statement means every year an agent has to get ADDITIONAL minimum $30K sales lar.

OIC... THANKS THANKS... HAHA

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Added on November 25, 2011, 11:08 amPB CHINA PASIFIC CAN BUY?

This post has been edited by soulzerowen: Nov 25 2011, 11:08 AM

including urself ??

I mean I invest RM30K every year, then I can bcome agent ?