perhaps another way of putting it would be:
anyone sitting & passing the exam and paying the agent / fmutm fees can be agent
then anyone that can hit or better the $30K pa sales of equity funds can continue without being harassed by PM (well, until they raise the quota)


This post has been edited by wongmunkeong: Nov 25 2011, 11:43 AM

juz a little noob question here..

i noticed that the fund prices in PM website is usually updated 1 day late. is there anyway to track the current day price?

No way especially for funds which have offshore and mixed exposures because the intra-day trading at certain region may not ended yet especially those at time zone earlier than us.

Local funds which have only local exposure will have its NAV updated by end of the trading day.

This post has been edited by David83: Nov 25 2011, 01:39 PM

As David mentioned, there's no method of knowing the today's price (especially before 4PM and fund with foreign allocation). The closest you can 'predict' is by looking at KLCI before 4 pm and predict whether today's price will increase or decrease.

That is ASS U MEing that the fund U want to buy/sell is highly correlated with the KLCI

Yeah, 4got to mentioned tht xD

There are benchmark for each funds.. use them and predict the movement.. They are usually a high correlation.. For me, 5.5% service charge is quite high.. they should do cut of service charge when customer invest using internet banking.. Although I need not to pay service charge..

Then what about yourselves? Are you still an agent for yourself only? Or you also try to hit the RM30k sales?
I thought so last time you told me you aren't being agent for other people.

My personal investments currently are more than $30K pa, thus no issue. Thank goodness that $30K quota wasnt enacted in yester years.

However, i think i've mis-communicated bad enough that you misconstrued that i'm not an agent for other people. I stated something to the effect of "i'm not out to get sales or anything as i dont live on commissions, thus i'm a lazy & picky agent". If a friend, acquaintance or a friend's spouse is interested in proper, step-by-step investing and is agreeable to draw up a proper planned approach, i can assist. Else, i wouldnt dare touch, even with a 10' pole as i've seen even family members tear into each other when it comes to $ and "investments" (which was actually nothing but pure trading/speculating/hope).

This post has been edited by wongmunkeong: Nov 25 2011, 09:15 PM

Actually, after some 'encouragement' from member here, I'm also already become my best agent. Although, RM30K might not be a problem for this year, next year I need to think for outsource.

I like the CAMS software, so that another RM90 + RM100 for agent license. Somemore need to attend training RM10 per class. Right now I believe I paid that for knowledge.

manage to top up some equity on 3.53pm and 3.56pm in hope to reflect today prices.

Hopefully, next year going to be like this,

http://biz.thestar.com.my/news/story.asp?f...05&sec=business

Gambate!

IMHO, the CAMS software isnt the kicker, it's the FPAdvisor Lots of stats and "queries" U can run to checkout each fund's performance in good, medium and bad years just by fiddling around with the "end date".

As for the classes - i consider it dirt cheap $10 if you've not learned yet through experience and books. Where to find classes for a whole day costing $10 WITH refreshments (water & food) these days? Even the knowledge itself is worth more than $10 if one's a newbie or semi-newbie in investing. Whatever U learn & experience, no one can take it away from U and U can build on top of each learning and experience.

---

Added on November 25, 2011, 9:47 pmHeheh - no idea whether 1,700 can be reached by KLCI.
My personal approach Asset Allocation + i dunno whether tomorrow up/down, but i do know today value or not
Hey, remember the old joke where a super investor was asked where he/she thinks the market will go?
The super investor said up and down, and left it at it.

This post has been edited by wongmunkeong: Nov 25 2011, 10:09 PM

welcome to UTC world.

30K per annum still achievable.

10 epf sales, 1 case 1 month, each 3-5K, very easy to achieve.

did u attend the 101 and quikstart training? if not, attend this class n also cams/FP advisor class. very usefull for new comers like u.

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I see... then you are lucky enough, you became an agent before this RM30k sales target rule set up. Somemore I was told the passing mark from next year onwards will be 70% (old passing mark is 60%).

I am holding the agent application form, don't know want to go for exam or not.

This post has been edited by debbieyss: Nov 26 2011, 02:06 PM

Well, the exam is mostly on basic stuff. So achieving >70% should not be a big issue.

How many classes we must attend before taking exam?

Can we be agent for two different unit trust company?

CUTE class will be enough. But you have to pay RM10 to attend that optional class. It will help you to prepare for the CUTE exam.

However, if you read the text book given to you and you are confident enough, you can save that RM10

Studying past papers is the most convenient way to pass the exam .... hehe

am reviewing my PFES holdings and for the past 4 years, the returns have been very volatile.

been reading the latest fund review and seems like 60% of the stock holdings are in China.

would it make sense to divest the holdings in PFES and buy something less volatile, such as REIT or dividend stock? i know both are in different class/category, but if look from the perspective of total returns over the years, my gut feeling is that REIT/dividend stock will have better return over the long term.

all comments are welcomed.