Sep 3 2011, 11:39 PM
QUOTE(wongmunkeong @ Sep 3 2011, 11:54 PM)
Bro, most "flower sellers" wont tell U there are flowers that "smell bad" one 
In all seriousness, maybe the best way for us to test for investment agent VS sales agent are inter-linked questions like:
1. If i buy and it goes down how?
The answer is usually buy as it goes down, signing up for monthly standing instructions, thus doing DCA.
2. Then if it continues going down leh and stays down for 5 years or more leh, like 1997/1998 till 2006 on hit back 1400-ish how?
This Q usually separates the lousy sales vs super sales agents
3. If i keep buying and buying using DCA ar, then when can take profit ar?
I think most of the sales agents would have painted themselves into a corner by now whereas proper investment agents would have talked about entry & exit plans by question 2 liao
just my 2cents idea - your mileage may vary
Good point on question number 2. every investment needs to have entry and exit strategy to avoid significant losses. i personally was a PM agent until about a year ago. Invested in Public Ittikal (PITTIKAL) and PCSF (Public China Select Fund) the moment i started working in 2008. i used DCA of RM100/month on both funds and sold them last year for a realized gain of around RM2000+ excluding distributions. sold all of investment in PM to fund a property purchase instead and IMHO i think investing directly in stocks will net better gains in terms of dividends and capital gains. just do research and ask around to construct a portfolio that suits yr needs and goals. In all seriousness, maybe the best way for us to test for investment agent VS sales agent are inter-linked questions like:
1. If i buy and it goes down how?
The answer is usually buy as it goes down, signing up for monthly standing instructions, thus doing DCA.
2. Then if it continues going down leh and stays down for 5 years or more leh, like 1997/1998 till 2006 on hit back 1400-ish how?
This Q usually separates the lousy sales vs super sales agents
3. If i keep buying and buying using DCA ar, then when can take profit ar?
I think most of the sales agents would have painted themselves into a corner by now whereas proper investment agents would have talked about entry & exit plans by question 2 liao
just my 2cents idea - your mileage may vary
however, i'm not saying one shouldn't invest in mutual funds or any actively managed funds whatsoever as it was because of PM i got some money to fund a property purchase. choose wisely though. don't let its marketing fool you. nowadays, not only PM but all the other fund companies are launching funds and more funds to grab market share and retail investors like us. it's like a boutique investment house that instead of adding value to the investors are just interested in gaining as much as possible from the public. my advice would be:
1) choose funds with consistency and sustainability in terms of return and cap growth. i.e: 10 year record e.g: PSMALLCAP, PITTIKAL. PBOND and etc
2) a good fixed income instrument is their bond funds. avg return per year is around 6-8%. choose wisely. again refer to point number 1.
just my 2 cents...hope it helps.
P.S: no offence to anyone or any agent of PM or any actively managed fund company. pls accept my sincere apology if i did offend you in any possible way.
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