Yes i'm concerned of the fee involved with UT agents. The agent that is managing my fund is not doing anything apart from just putting in the name. So might as well don't have agent, at least have peace of mind in case Public Mutual suddenly impose extra fee for agent.

Is it possible that I can remove the agent from current fund through any mean of form?

The only fee we are paying is the service charge in each new investment; so no, it is not possible to have any other extra charges later on (other than the annual management and trustee fees which are 'hidden'). There is no redemption or exit fee either.

AFAIK, there is a transfer form (normally used to transfer an account to another agent) which I think could also be used if the other agent is the "no agent".

The "no agent" actually has a name and an agent code... "PMB (WI)"; it will later show in the account details (in PMO accounts description) when you do Initial Investment and select "NONE" as the agent's name.

If you are purchasing manually at the branch office, I supposed you could cross out the agent's name and code on the form. Leaving it blank might open the possibility that the counter clerk would filled in any agent's name and code; which you do not want.

Someone had also mentioned that he had made an EPF purchase at the branch office without the aid of any agent.

Either way, with or without an agent, the service charges are still the same and Public Mutual has not given any discount when you're doing all the paperwork yourself, whether online or offline.

But there are some funds that are with free PA insurance... so I guess agents do deserved their service charges in some certain situations.

Cheers.

Thanks for the clarification man. Now I can understand more, ready to study more in unit trust world

ever thinking of becoming your own best agent?
depend on the situation, it could benefit us more.

Investment 101

Okay, time for some basic investment education. (Another rainy day story.)

What does the following means to you?

A) You will only profit if you buy and hold the fund for at least 3 years.
B) It is a volatile fund and it could lose money during the first 3 years; but profit is almost guaranteed after 3 years.
C) The fund is a volatile fund and you will profit from it. The longer you hold it, the more profit you will gain.
D) It is a volatile fund. "Buy low, sell high" is the best strategy. So pull out from the fund whenever there is a profit, whether it happens within the next 3 years or not.

The above thoughts may go through your mind (or maybe not). I used to think like that; since that's the fund's stated objective. So I believed that the fund manager could implement the objective and pick the right stocks at the right time. And maybe he did. But why no profit after 5 years? palm face, smack forehead, whatever.

So what went wrong? Fund manager an idiot? Maybe he is; but I picked that fund among all the funds that are in the market, so I'm the bigger financial idiot. And yet there were people who said they profit from the same fund.

So what really went wrong?

What was wrong was I did not fully understanding what a variable priced fund is. I had confused it with a fixed priced fund, something like EPF. Just deposit your money, and the fund manager will do his financial magic.

In a fixed priced fund, the fund averages all the deposits or purchases it collected throughout the year, and pay the dividends at the end of the year. Repeat: the fund averages all the purchases throughout the year.

I maybe not correct, since I'm not a financial wizard, but I assumed that the fund manager at EPF could also withdraw 100% (or close to 100%) out of any share market, since EPF is mandated to return a paltry 2.5%; whereas the private equity fund is mandated to hold at least 70% in equities at all times.

So these 2 little facts when combined together, made me lost money.

Hey, I did make money in some other funds. So I'm a genius after all! Plain b@lls#&!!.... It was purely coincidence and happenstance.

You see, I was betting!!! I was betting big. So that's why I sometimes win, sometimes lose. Very simple reason, is it not? And it is obvious that I was buying the funds in lump sum.

Cheers. Stay Invested.

PS. When I see that quote again, my thinking now is not buy and hold for at least 3 years; buy and invest regularly for at least 3 years. DCA, DCA, DCA!

Public Mutual declares gross distributions of up to 3 sen
http://www.thestar.com.my/Business/Investi...-to-3-senStory/

Public Mutual declares distributions for four funds

Public Mutual Bhd, has declared distributions for four of its funds for the financial year ended April 30, 2014
3.00 sen per unit for PB Dynamic Allocation Fund;
3.00 sen per unit for Public Islamic Dividend Fund;
0.40 sen per unit for Public Islamic Asia Dividend Fund;
1.50 sen per unit for Public Far-East Telco and Infrastructure Fund

It's kinda low at 3sen but I assume investor profited from units price increase if they bought at launch time.

Depends on which one you're referring to. One has a nav/unit of about 1.13 and the other is about 0.41.

Mind you, one is a growth fund whose distribution policy is incidental while the other is an income fund with annual distribution policy. And it, income distribution, do not mirror its past year performance.

Cheers. Stay Invested.

P.S.
Unless you are expecting them as a means of financial support, and have set the distribution instruction to 'payout', these distribution announcements are non news and meaningless.

And if you're in retirement age or about to, would be good to learn more about income funds and annual income distributions. Maybe income funds should be a greater part of the portfolio.

BTW this year's Master Prospectus listed PIDF as 'semi annual'.

Since there is a question to ask if "should we want an agent", I would like to highlight some points in relation with a customer's profile.

1. I don't want an agent if possible due as I do not want others to know my investment profiles for P&C purposes.
2. I don't see a point that I need to pay an agent if I am doing all the job & analysis but their job is about sales, yes, including EPF investments.
3. Agents turnover are too high in the sales industry

No offences to agents, but that's just me as an investor and a customer.

This post has been edited by guanteik: May 2 2014, 09:55 AM

Hi guys..have an enquiry here..in february I put rm2000 in the public fund..when I check online, it says rm2000 but shouldnt it be deducted 5.5% for their charges??

And until now..the cash didnt go above rm2000..its at 1972 and has been going down or up since then but mever above rm2000..am I seeing something wrong here or is this normal..thank you

er.. there's no such thing as "Public Fund".
1. What's the specific fund's name?

2. U check online? where? Public Mutual Online? OR some other portal?

3. Which column are U referring to when U stated "but it never above RM2000"?
Possible what - it went down
and what do U mean "its at 1972"?

dude - your Qs are akin to:
a. My car's meter keeps showing FULL (dunno which meter - U just said fund but didnt specify)
Shouldn't it go down X.xx% as it is used? (not all funds cost 5.5% lar)

b. and no fund is at 1972 lar.
U in the wrong world?

oh look, a butterfly... <totally distracted & chases butterly>

This post has been edited by wongmunkeong: May 5 2014, 08:09 AM

Oh sorry lol..let me clarify:
1. Pb indo fund

2. Public mutual online..I already did online account

3. What I meant is the total amount didn't go above rm2000.. It is always lower than rm1972 and has been like that since january..

In not sure how the 5.5% works because all I invested is rm 2000 and under the total MGQP is rm 2000 and the BAL NAV is rm 1972

Basically my question is that is has been already more than 2 months now? Shouldn't I get at least some profit and the total should be slightly more than rm2000? Thanks

oh... k.. "2 months already" and you're "Break Even" - ie. no loss / no gain?
technically speaking - U "loss" 5.5% upon entry (service charges), that's 94.5% left
Then now it's back up to 100%, thus the fund did run-up by 5.5%+/- mar
and all this within 2 months!

We all should be so lucky.. U do know what's the long term average of a "good equity fund" CAGR or compounded returns pa right? it's about 7%+/-pa to 9%+/-pa based on long term historical Public Mutual data (long term = funds that are running 10 and more years).

Take the above into perspective.

er.. all the above is assuming U read & shared the correct data yar. I didn't bother checking out PB Indo Fund.
-----

Pink Spider - hey, another sampling of newbie expectations - time to "sell sell sell!"?

This post has been edited by wongmunkeong: May 5 2014, 01:41 PM

MGQP = Mutual Gold Qualifying Points. It is one point for each ringgit invested (including the service charge). 120,000 points will qualified you some benefits, ie. free monthly magazine, free switches, etc.

Calculation of the 5.5% service charge:
Invested value = RM2000 / (100% + 5.5%) = RM1895.73
Service charge = RM2000 - RM1895.73 = RM104.27

Number of units bought:
RM1895.73 / NAV price at date bought = Number of Units.

Balance NAV = Units x current NAV price.

Within PMO (Public Mutual Online), you can check out the past transactions and it will shows the above service charge and the transacted NAV price on the purchased date.

=================
Question: In the first post, you mentioned February. In the 2nd post, it was "since January". I suspect it could also be Jan/Feb 2013, not 2014; since this fund has gained more than 10% YTD (Year-To-Date).

Secondly, it is a Balanced fund. If you want to trade (meaning invest for very short term), you should go for the more aggressive Public Indonesia Select fund with 5% higher gain at above 15% YTD.

Cheers.

This post has been edited by j.passing.by: May 5 2014, 02:47 PM

Ok..now I get it..that's means I started with rm 1895.73 and now it is at rm1972 , so there is some profit there..btw..I started around jan/early February of 2014.. Just started this year..

Maybe my next investment will be for a more aggressive fund..and thanks for clarifying about the MGQP

To know the exact profit or lost in percentage, instead of calculating it manually:

1. Get the purchased date; go to "Transaction History" in PMO. It shows transactions up to the past 12 months.
2. Then see the Performance Chart. http://www.publicmutual.com.my/application...formancenw.aspx
3. Select the Fund name in the chart.
4. Select the 3rd option "Date range from: dd/mm/yyyy
5. Fill the Purchased date into the above field , and then click "Show Chart" button.
6. The chart will show the ROI (Total Returns) just below the chart.

Note: The 'Total Returns' is on the invested amount, ie RM1895.73.

==============
Yes, with Indo Select fund, the profit is from about 15% to above 20% in the past several months.

And yes, more aggressive is equal to higher risk.

Anyway, the risk is very limited with 2k. So kachang putih. Should dump in 200k, then the profit is from 30k to 40k. And this is just in 3 months.

Cheers.

==============
What goes up, can also come down. If it can go +20%, it can also go -20%.

+20% gain = 20% - 5.5% = 14.5%. And this without the exit penalty of 90 days.

If within 90 days: +20% = 20% - 5.5% - 0.75% = 13.75%

But if no luck and buy at wrong time:
-20% lost = -20% - 5.5% - 0.75% = -26.25%. Which is RM52,500 lost if we bet 200k. Wah, this so much more fun!

This post has been edited by j.passing.by: May 5 2014, 05:08 PM

Any idea how long does Public Mutual take to process a PRS account which I opened through PMO? I do not have any PRS with Public Mutual so I am not sure the duration it takes to open my PRS account.

I transacted the sum before 4PM yesterday.

About time to bump up this thread and keep it alive...

Are you saving enough for retirement? The stats I just read is worrisome.

"But studies going all the way back to the early 2000s have shown that retirees quickly exhaust their EPF savings. A survey done in 2003 showed that 14% of retirees finished their EPF savings within three years, 50% within five years and 70% within 10 years, mainly to pay off debts." (http://www.thestar.com.my/Business/Business-News/2014/05/24/Kenanga-Investors-PRS-journey-Fund-still-confident-of-holding-the-upperhand-despite-late-entry.aspx/)


"... the sobering fact is that more than four-fifths of active members have less than RM100,000 while 71% of members retire with less than RM50,000."

And I would guess that you, who are reading and browsing this forum and thread, would be among the select small group of people who have more than above, and/or are planning towards a richer retirement nest egg.

Cheers. Stay invested.

=====================

“Banks are giving an average of 16% EPF contributions for staff retention purposes,” he says.
I know someone working in a bank, and he's getting 18%. 15% was the norm in the plantation industry. While I'm not in both of these industries, I had to request my boss to readjust my pay such that he is giving me higher EPF.

Remember, this is tax-free money... much better and more convenient than getting more taxed money and then buying PRS on your own.

This post has been edited by j.passing.by: May 27 2014, 01:51 PM

If you buy PRS, you indirectly saved 26% of 3K if you are in this bracket. I would advise not to buy PRS from Public Mutual due to their high transaction fee.