From FSM website:The main account holder operates everything on behalf of the beneficiary, eg like a parent on behalf of the child (beneficiary). The beneficiary "do not have rights over this account".

This post has been edited by howszat: Jun 30 2012, 09:51 PM

Anyone making payments by CIMB Clicks Internet bill payment? What's the daily limit?

Edit: Found the info - RM30K

This post has been edited by howszat: Aug 3 2012, 07:45 PM

"Distribution" is the most widely misunderstood aspect of Unit Trusts.

"Management fees" or any other fees already deducted from the NAV looks like the second most misunderstood aspect.

The net amount in your hand is all you need to worry about.

Actually, I was saying something different.

You don't need to know the management, etc, costs. All you need to know is what you get after costs - because that is all you see. And that is all that investors should need to care about, what you get in hand.

Consider the following:

Fund manager A - low costs, but make a loss for you.

Fund manager B - high cost, but returns a profit for you.

Do you prefer A or B?

It's basically a sell, and buy.

On another topic, the payment method if you are not CIMB or HLB has room for improvement.

You basically have to bank-in (internet banking/cheque/atm) to Maybank, and then email/fax the deposit slip details, plus your account and purchase order details.

An alternative to ringing, you can just click on that thing by the right-hand side (working hours) and online-chat. Got my answers pretty quickly that way.

This post has been edited by howszat: Aug 16 2012, 10:35 PM

Added more info on payment to previous post.

Anyone seen their OSK-UOB Emerging Markets Bond Fund distributions yet?

You are assuming that all investors know how to invest to ensure they will be better off in the long term with equities, and/or they have the risk appetite willing to accept up/downs that equities can and will bring.

In reality, that's not the case.

The Sort button in the Fund Selector table sometimes work, and sometime simply refreshes the table and does NO sorting at all?

I don't see much value in XIRR from an investment point of view.

XIRR is from an accounting point of view in terms of how much you actually made, technically the true returns you made, in the past. Which depends on how much you put in, when you put it in, and how much you withdrew. If your timing is awful, it's reflected in XIRR as well, but that doesn't mean the fund is bad.

From an investment point of view (forward looking), the annualized returns is what you need to look at. Having said that, and back to your question, I use a SQL database for my calculations, which include the equivalent of XIRR.

My ROI 3.1%, IRR 10.4%.

Most important one is fund annualized returns, not the above 2 which are personalized.

Looking at ROI only can give a very misleading picture.

But not everyone may calculate ROI that way...

Agreed, except ROI is even worse than that.

Your ROI from the lump sum 30 years ago is 30%.

A whopping 30%! Are you supposed to feel happy with that?

What I had in mind was you can still calculate the profit/loss at each withdrawal without taking into account time.

Simply a case of SALES - COST at each point and add them up, which will be slightly more accurate less inaccurate than your 30%.

This post has been edited by howszat: Jan 7 2013, 10:09 PM

Not familiar with Maybank, but if you can deposit directly into a third party account, you don't even need need a Maybank account.

As a new customer, you should provide loud feedback to their customer service that you would like to request for direct bank transfer via RHB.

This post has been edited by howszat: Jan 10 2013, 09:21 PM

Good question - when will the music stop for REITs.

As to when interest rates will go up, there are no signs it will happen soon. Interest rates goes up when:

1) economies are expanding and GDP increasing, and showing signs of over-heating
2) inflation goes up, your cup of kopi in kopitiam keeps increasing

At this point, economies in Europe, China and America on most often described as "recovering", which is hardly the recipe for increasing interest rates. In fact things might go downhill again, requiring more QE, and more "stimulus" and such like, if interest rates are already near-ZERO.

So no, I can't see any reasons for interest rates to go up. Maybe you can, but you haven't explained your reasons why.

I did have a chat with that smiley face on their website about this.

I was told you have to make the purchase and/or register at their booth to qualify for the discounted rate.

This post has been edited by howszat: Jan 20 2013, 12:45 PM

Most, if not all, charges mentioned in the prospectus are the maximum that can be charged.

The chances are you will be charged less. How much exactly depends on which agency you buy it from.

This post has been edited by howszat: Jan 29 2013, 09:05 PM