U got time, do it by yourself. Once u fxxk up, blame yourself for not having the specialties in handling your investment.

Got no time, leave the job to agent, and fxxk him kaw2 if he fails the mission.

Getting good agent is very crucial. Ask friends around who have being serviced good by the agent.

This post has been edited by hafiez: Dec 19 2012, 09:43 AM

don't leave to agent, ur investment untung o rugi agent tetap untung sudah even u f him pn no use. agent tahan telinga only lor u r d boss u r d 1 mk final decision at the end f urself olso.

agreed...but how to learn more on the strategy? mind to elaborate?


This post has been edited by tom_87: Dec 20 2012, 01:12 AM

Read read read
Trial and error

Bolded and underlined is actually a tricky part.

If u sick, u want to see an engineer or doctor? Or ask yourself what medicine should i get.

Although u ask your friend, u will ask which doctor is the best.

Im not good at giving example, but hope u got what im trying to say LOL.

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No doubt, there are bullshit agents flying around. But there are also good agents that can give u good service.

I already stated many pages back; there 2 types of agents - work for money AND work because they love that job.

U can choose to take my statement or not, but trust me, there are very good agents out there.

Try to invest a small amount at first, and observe the service, advice and consultation he/she gives you over the time. It is not very hard to identify a good or bad agent.

I think if those agents that can advice on investing based on diversification and rebalancing is consider good agent.

As most agents only ask you to buy when new funds coming out, buy to take advantage of lower SC, buy BRIC, buy China, etc..

If they can come out and explain on portfolio diversification and re-balancing, well buy China or BRIC or Indonesia or Asia ex-Jap also no problem. As we are confident what he/she is advising.

But of course, customer need to give him/her chance to explain explain explain.

I will say, those just know to introduce new funds or advise you to increase your investment amount are not yet a good agent. Some agents advise their clients to hold on and wait some times, when certain funds are not progressing well during that time. To me, this is proven that the agent is not purely sales oriented, but also customer focus and for friendship with their clients.

How do i find out my cost of investment in PMO? I know that we can find out our number of units and market value of our PM/PB funds via PMO, but not our cost.

Any feedback is appreciated.

By looking at the MGQP (mutual gold qualifying points); 1 ringgit for each point... on the account details tab within account inquiry...

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Added on December 21, 2012, 4:47 pmTo maintain the MGQP when we want to partially exit and do "re-purchase".

Whenever we switch a portion of a fund to another fund, the same amount of MGQP in ringgit terms will also be transfer to the new fund. This same amount of gold points in ringgit terms will also be deducted in a re-purchase.

As I have yet to do any re-purchase, can I do the following to retain the gold points in a re-purchase?

Fund A has increased in value. Say, bought at $10k, now it is $12k.
And I want to take out $2k and still maintaining the points at 10k.

1. Switch an appropriate amount of units equivalent to $10k to fund B.
2. Fund B is now holding 10k of points; and Fund A zero points.
3. Re-purchase Fund A and take out the balance 2k.

Am I correct?

===============
For Info/Update

Switching out of money market funds no longer has the 90 days penalty period of rm50 since last month.
Switching charges is rm25 regardless of the number of the days in the fund.

Good for short term 'trading' to switch into instead of using the usual bond funds, but need to be aware that switching out and jumping back into an equity fund, in a matter of days, will refresh the 90 days period in the equity fund...

Corrections:
Switching out within 90days a) equity funds 0.75% b) bond funds 0.25% c) money market funds rm50.

Note: When switching out of an equity fund into a money market fund AFTER 90 days, zero fee.



This post has been edited by j.passing.by: Dec 21 2012, 05:25 PM

Hi j,passingby,

Your method doesnt seems right.

1. For bond funds, Total MGQP is always 0. How can i find out the cost of investment for bond funds?
2. Sometime ago, i switched PFES to PFSF. The amount invested after switching is about 7xxx, but in the MGQP for my PFSF, it's shown as 9xxx. If you are saying MGQP is 1 RM 1 point, then the MGQP for my PFSF should be 7xxx, instead of 9xxx.

1. Bond funds. You're right. Buying directly into a bond fund is low-loaded ie. meaning there is no high service charge of 3.0 - 5.5 %. You only incur a low service charge of 0.25%. And no gold points. The cost of the investment is the what you have paid in total.

For example recently I bought 20k at price of 1.2018 per unit and getting 16600.2 units after deduction of rm49.88 as service charge.

After some time, with changes to the unit price, plus dividend (if any) paid out which will change the number of units, it will not be easy to remember what you have paid, but it will be easy to figure out its cost if you always buy in neat round numbers of hundreds or thousands including the service charge; and let PM do the deduction for the service charge and calculate the number of units you are entitled to.

2. Yes, the gold points is 1 ringgit per point. Check your total points again, it should be correct. The total is what you have paid. If not mistaken, the total MGQP is what you paid in total inclusive of the service charge; rm1000 will get 1000 points.

For example, switched out from PNREF into PFEPRF (copied from PMO transaction history)
Fund NAV Amt Invested S/Charge Amount Paid (RM) Total Units
PNREF 0.2075 -10,859.91 00.00 -10,859.91 -52,336.92
PFEPRF 0.2862 10,834.91 25.00 10,859.91 37,857.83

The gold points transferred to PFEPRF was 10,860.

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Added on December 22, 2012, 12:02 amUsing Excel to track the funds.

I'm using excel to record the transactions. And I find it easier to have 2 tabs - one tab showing a summary of all the funds, and in another tab, all the switching out transactions.

From the above switching example, I will record switching out of PNREF in the latter; together with the appropriate details like date bought, date switched, total units, NAV, etc.

To have lesser columns, I deducted the switching charge from the net amount ie. using rm10,834.91. In each line of the switching out record is the net gain (or net lost).

At the bottom-most line in that tab, is the total of the net gain (or net lost).

In the 1st tab, it is almost similar to the "summary of accounts" in PMO but with added columns like date purchased or switched in, number of days having the fund, the amount invested. etc. The total amount is on the last line, which should tally against the total amount in PMO.

For example,
Far-East Property & Resorts Fund 04-12-2012 16days 0.2862 RM10,834.91 37,857.83 0.2894 RM10,956.06


In the same 1st tab, the total gain (or net lost) from the 2nd tab is also on the cell just below the total amount. And a 3rd cell with a simple formula, will show the final gain (or lost) to-date.

My summary page is further enhance by grouping the funds accordingly to conservative, moderate, and aggressive; each grouping showing the group percentage of the total amount...

This post has been edited by j.passing.by: Dec 22 2012, 12:11 AM

Hi,

I've confirmed that my MGQP for each equity fund is not equivalent to the amount i invested/switch over. As per my previous example, i switch over 7k worth of PFES to PFSF but my MGQP is 9k plus. I wonder why.

1. You could try to total up all the gold points in each fund to see whether it tally with the total amount you have bought into balance and equity funds. (Remember that bond fund has no gold points unless you switch into it from a balance or equity fund.) If it does tally (and it should), then there is a mistake somewhere in tracing back how many points were transfer to each fund during all the switches you have done.

2. Is that a full switch or partial switch from PFES?
The gold points could be more than the amount switched in a full switch. Say, bought at 9k (with 9k of gold points), and current nav value is 7k. And fully switched all units to another fund. In our mind, we have incur a lost of 2k in the first fund, and now investing 7k in the new fund. But PMO does not reduce the total points unless it is a re-purchase. So 9k of points is transferred to new fund.

From my 1 year more experience with PMO, I dun see any direct method to see the total investment number. PMO also do not wish to show that as it will directly show ur current profit or loss. It is always better to keep our own record.

Get an investment update from your agent. It is an overall summary of your investment. You can see "Total Amt Paid" column which is indicates the amount you have invested so far.

Total Amt Paid is per fund or forwhole portfolio?

Problem is my agent has gone awol. I've green self managing my fund all this while

Per fund, with the net return in % as of statement date.
I believe this is an investment portfolio of customer, and is printable by authorised agent anytime.
You can try to make an enquiry to PM about this, since you no longer serviced by an agent.

Can other agent print out investment portfolio for me?

I don't think so, coz customer portfolio should be P&C of every agent.
However I believe you should be able to get the same or similar statement upon your request to PM office.