Above post generate my interest to study the detail of FSM.

Ok, thanks for your answer WMK.
Someone complain we talk abt FSM here, so back to Public Mutual's leveraging. The best part is u can refinance when your fund grows.
For example, for 125K fund, pledge for 80% OD, you get 100K line, so now the fund grows from 125K to say 175K, so you can actually top up your OD amount to 140K (175k x80%), take out 40K more from OD account and reinvest. I am thinking of getting extra money and invest in FSM funds.

I am also in the process of transferring my investment out of Pub-Mut slowly. I forsee this exercise will end by end of this year and thereafter will not renew my FIMM membership and shall terminate my Pub-Mut UTC agency acoordingly.

Bye bye Pub-Mut, I no liek u anymoar.

Xuzen

Don't u feel wasted for those funds that u have already paid 5.5% in PM and transfered to FSM and pay another 2% there?
My strategy is all new funds will put in FSM. Perhaps will transfer low loaded funds from PM to FSM.
I agree with you, no point maintain the PM UTC agency, u still pay 2.5% - 3% up front charges even after u take out the commission.
PM no longer a top achievers in terms of the fund performance. 1 more excuse to quit PM.

He he he... I only pay either 1% (KWSP equities) or zero (Bonds) as an agent.

My next target is Phillips Capital or IFast at zero upfront because I have upgraded my FIMM lic to IUTA lic.

Xuzen

Transfer in will be 0% sc, need to show proof you sell all pm funds la. Then buy in FSM funds for free. All need to execute within 30 days from selling fund from pm.

CheahCW2003-san, ano... when i "transfer in" from PM to FSM, i paid ZERO (yes 0%) service charges for equities and funky bond funds.

FSM just requires proof of:
1) $ redeem from what funds in PM
2) Match to FSM's list of equities or bonds & create relevant buy contracts in FSM's platform
3) Pay in.

eg.
I redeemed $XX,XXX from PFEPRF, PFES, PRSEC, PAGF and put $XX,XXX into FSM platform's equity funds at 0% charges
I redeemed $YY,YYY from PBOND & PSTBF and put $YY,YYY into FSM platform's bond funds at 0% charges.
with proof (screenshots of fund names, transactions & value redeemed from PM)

GEERO COST!

Xuzen, Kaka23, WMK,
thanks for sharings...seems like PM "taikor tai" position in private mutual fund business is challeged by FSM, and other online DIY investment portal.

Ya.. Bit threaten now, mostly by Internet savvy who is interested in investment people.

If you notice, earlier thread like Fund investment corner was full of public mutual discussions since 2006, not become less..

Pub-Mut will not feel threathen for now, maybe in 2 - 4 years time they will and they must change their business model.

Internet savvy investors are still in its infancy, people like us make up maybe 0.01% of total AUM in the mkt.

However be warned that the days of commission based agents will shrink as more investors will demand lower cost for their investment.

Zero trailing commision; Fee based advisory is the future trend.

Xuzen

Morning guys.

I have a question. Its just a small one, but i can use second opinion on it. I invest in pief. Let say i already invest 5k. And my investment value is 5.5k. The unit price is quite high now (0.3645). What if i sell some of my units to get the profit (500) because i'm scared the unit price will drop so much after this. So, i can keep the profit somewhere else.

If the price decrease, i can use that 500 to buy more units.
If the price increase, i'll just let it idle for a while (do nothing).

Or, is this a bad move? Any opinions? Thank you in advance

"Sell" as in cashing out or the proper term "re-purchase"? No. You will pay the service charge again when you re-enter. The recent posts and discussion is on why some are going elsewhere due to the high service charge.

What you should do is 'switching' - switch all or partially to a bond or money market fund. Read back a few pages, I have posted some comments on switching and switching fees.

Generally, unit trusts are for long term; and one of the better method is spreading out the purchase over a period of time (months) instead of making one big purchase. Hence with each purchase, there would be a positive thought; if price decrease, good since you're getting more units; if price increase, also good since the previous purchases have increased in value.

Switch all --> u mean switch all my profit so far right? like in my example, the 500.

OK, will read previous pages about this switching.

Right now i only have 1 fund. Seems like i have to open a new one asap. Should choose a bond fund after this.

Ya, you should get a bond fund just to diversify. Basic will be equity + bond. When you have more $$, try to diversify based geographical, big cap, small/mid cap.

Percentage of Bond exposure will based on your risk tolerance and also you feel about the market in near to mid term.

Thanks for the input. Any suggestion what bond fund (shariah compliance) is good to start now?

And, if i'm gonna open 1 epf fund, can u suggest what type it shud be? i mean, bond or equity or etc.

pb sukuk fund , epf perhaps pb islamic bond fund / pb islamic equity funds from public bank ?

I have nto been folowing PM funds for sometime already, I may not be the right person to advise on this bro..

Based on my recently analysis on PM bond fund, the best non-close bond fund will be PBSKF and PBBOND, or u hv 100k, can choose PEBF and PIEBF.

PEBF and PIEBF minimum investment 100K?

Yes, both initial and additional investment is set to 100k. As I understand, it is change sometime ago and not from the begining. My friend have this fund but he can't add on anymore due to 100k constraint.