How long does it take to have a license granted after sitting the CUTA exam?
Public Mutual v3, Public/PB series funds
Public Mutual v3, Public/PB series funds
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Aug 22 2011, 11:02 PM
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#1
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432 posts Joined: Jul 2011 |
How long does it take to have a license granted after sitting the CUTA exam?
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Aug 23 2011, 11:52 AM
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#2
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432 posts Joined: Jul 2011 |
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Aug 23 2011, 12:29 PM
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#3
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432 posts Joined: Jul 2011 |
QUOTE(wongmunkeong @ Aug 23 2011, 11:59 AM) Nope - U can only be a rep of one fund house UNLESS U sit for gawd knows what exam and register with SC or something, then U can represent a few. I think there are less than50 or so people that has the license to do so. Sifus - please correct & add details yar. My memory's getting foggy - read and met up with a few of these fellows 2 to 3 years ago QUOTE(kparam77 @ Aug 23 2011, 12:20 PM) I see I see. Thanks for the reply. |
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Aug 23 2011, 11:00 PM
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#4
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432 posts Joined: Jul 2011 |
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Aug 24 2011, 01:01 PM
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#5
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432 posts Joined: Jul 2011 |
QUOTE(wongmunkeong @ Aug 24 2011, 08:18 AM) Added on August 24, 2011, 9:32 amNote for those that are interested in being their own agent: PM just sent out a memo for renewal of UTC agent fees and stuff. One of their requirements is $30K of personal sales by Nov 2011. Just thought U may be interested to know the "minimum sales" |
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Aug 24 2011, 04:27 PM
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#6
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432 posts Joined: Jul 2011 |
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Aug 26 2011, 01:43 AM
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#7
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432 posts Joined: Jul 2011 |
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Aug 30 2011, 02:34 PM
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#8
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432 posts Joined: Jul 2011 |
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Aug 31 2011, 05:10 PM
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#9
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432 posts Joined: Jul 2011 |
QUOTE(cheahcw2003 @ Aug 31 2011, 06:53 AM) Hmm it's like the shareholders are given tax credit (imputation credit) for the tax paid by the company to eliminate double taxation. But apparently new companies commencing their operations in YA08 will use the single tier dividend system where tax paid by the company is the final tax (shareholders dont need to pay tax on the dividends they receive). Companies operating before YA2008 will have until the end of 2013 to fully transit to Single Tier system. |
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Sep 2 2011, 05:05 PM
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#10
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432 posts Joined: Jul 2011 |
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Sep 2 2011, 08:49 PM
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#11
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432 posts Joined: Jul 2011 |
QUOTE(howszat @ Sep 2 2011, 07:47 PM) That's the problem - distributions are NOT profits either. Ya not really profits but can view them as realised profits or losses ler since they were distributed out of the... erm... gain/loss on NAV. *Maybe i'm wrong here Distributions are happily given out even when the fund is making a loss. SMALLCAP for eg, is making a loss, but it is giving out a ~15% distribution. |
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Sep 3 2011, 02:39 AM
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#12
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432 posts Joined: Jul 2011 |
QUOTE(wilsonjiahe @ Sep 3 2011, 02:30 AM) are u sure the PBGF already closed? but I am still making additional investment for my client. Mind elaborate more on that? There is a new fund will be launching on 6th September..It is a quite good fund. If you interested and you want know the details,you may PM me. |
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Sep 4 2011, 12:20 AM
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#13
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432 posts Joined: Jul 2011 |
QUOTE(Bonescythe @ Sep 3 2011, 11:25 PM) Mutual fund is a basket mixed of shares traded in the stock exchange market. AirAsia is the biggest shareholder of Malaysia Airlines now. Oh boy.. Usually Mutual Fund will have distribution. If only focuses on capital growth, then you can search at KLSE market, as some counter focuses on capital gain rather than distribution. Example : AirAsia. |
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Sep 5 2011, 02:05 AM
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#14
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432 posts Joined: Jul 2011 |
QUOTE(Irresistible @ Sep 5 2011, 01:30 AM) I plan to top up my equity fund.. (making loss) I think RM25 switching fee is only applicable if you switch between funds of the same type ie. equity to equity. Otherwise, you will need to pay the entry fee of the fund u switch to.Now, not the right time ? Switch to bond ? If I switch to bond .... then from bond switch to equity fund, will get SC 5.5% ? eg. equity fund ===> bond (RM 25 ) bond =====> equity (RM 25 + 5.5 % or not ?? ) Then, I incurred 5.5% charge TWICE ?? |
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Sep 6 2011, 05:05 PM
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#15
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432 posts Joined: Jul 2011 |
Yalo, especially PB Islamic Bond.
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Sep 7 2011, 09:51 PM
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#16
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432 posts Joined: Jul 2011 |
QUOTE(kobe8byrant @ Sep 7 2011, 09:30 PM) I don'[t understand from your own momey. If you say from your own money, wouldnt that mean you earn RM 0.00! Very misleading. Interest and dividend are two different thing. Interest is like a bonus on top of your EPF where as dividends from equity/bond are distributed out of the profit/gain or loss on NAV. Lets say u invested $1 and it increased to $1.4 in a year, the dividend u receive will come from the 0.40 gain (or maybe more? i dono)... at least thats what i was told |
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Sep 7 2011, 11:30 PM
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#17
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432 posts Joined: Jul 2011 |
QUOTE(Irresistible @ Sep 7 2011, 11:25 PM) Where can I find Public Mutual DATA more than 52 weeks ? ( 1 year) Here: http://www.publicmutual.com.my/application...formancenw.aspx Wow , I see that PUBLIC BOND FUND drop quite a lot on Aug'11 . The reason behind ? Thanks ... PBOND? You saw the wrong fund, Bro. |
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Sep 10 2011, 09:08 PM
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#18
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432 posts Joined: Jul 2011 |
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