hi good day guys.
so i was going to ambank today for FD placement for my mom and was recomended by the bank manager to invest in "Eastspring Investments Target Income 6" instead of FD.

i have no experience in buying fund, UT, just have a few FD.
just want to learn from fellow friends here if this is not too risky since it's bond fund? last thing i want is to screw up with my mom FD
i know the fund it's now in the 6th series and base on the previous result it's definitely better than FD return. ~5% vs ~3%

your advice, feedback is appreciated.

I googled and found this....
http://www.eastspringinvestments.com.my/?r...ageid=1&fn=E064

and
http://www.eastspringinvestments.com.my/do...d%206%20PHS.pdf

then from there....stated....
5 yrs locking period.
there is a initial sales charge of 3%
early termination /withdrawal will be another 3%
and a list of risk in this product....

then you can try this too....
suitability assessment questionaires...
http://www.eastspringinvestments.com.my/do..._Individual.pdf

did that bank Manager explains the risks, the charges, early redemption penalty and etc, etc to you or ask you to try the suitability assessment questionaires?

This post has been edited by T231H: Apr 11 2017, 07:58 PM

thanks for reply, yea i did some googling and got the same info you provided.
yeap, the bank manager did mentioned about the 3% penalty if sell within the 5 years lock in.
the manager emphasized this is like once a year opportunity compare to FD options and we should consider and take this.

but 1 thing i don't quite understand is... this is a product from Prudential (eastspring investment), what are the benefit buying through the bank? vs buying from prudential?
i ask that question and the manager said buy from bank safer because a bank is a bank while prudential is an insurance company afterall.. i am not sure about this part.

why don't you are the bank manager what does it mean safer?.....does it mean your investment will not be under your name but the bank's name and the bank will hold for you?

if you want and really want it....try get from them
http://www.eastspringinvestments.com.my/?r...tional&pageid=1

Wow, this bank manager is unbelievable. Why don't you ask him, if he say it's safer to buy from the bank than the issuer, does that mean that the bank will pay him back east spring investment or the fund close shop?

Ultimately I think the crucial thing that he might not have covered or emphasized is, buying unit trust vs fixed deposit has a fundamental difference. Unit trust may show you indicative returns of 5% or more, but it's not capital guaranteed. You might end up earning 0% and even lose some of your capital. Yes, less likely for bond fund, but it can happen. Just in last November most of the local bond funds a few %. They r back in the black now, annualized return is lower compared to say a year ago. Whereas fixed deposit as everyone knows, is capital guaranteed and PIDM insured for certain amount.

That small risk there is the reason why the indicative return is higher. No one can help you decide if that's a risk worth taking. If you do decide that you can stomach that risk, there r lots of bond funds that has less sales charge and no early redemption penalty for you to choose from. Getting 5% is not difficult at all
You can start here actually
https://www.fundsupermart.com.my/main/resea...arch-2017--8077

thanks for your input dude. yeah... it appears to me he is trying a bit too hard to sell this. i said so because we identified clearly we are coming for the 4.35% 5 years FD. but through out the 20mins talk, he just push down FD and end of talk also never talk about the FD which is a promotion from the bank until end of Apr.

now i need to make a decision in helping my mom with her FD, i was thinking maybe a 70:30 ratio of FD:Fund. if we were to buy bond, money market fund.. and we have no experience and llimited knowledge about fund. what is the advice for us to buy fund? i understand there will be charge to find an agent, so which agencie, bank do you guys recomend? thanks again!

I think 4.35% is good considering it is FD + with PIDM protected up 250k.

while waiting for responses about your intention to go into fund investment...I googled and found this....
hope it can provide some added knowledge while you wait for responses....

School
If you're a novice investor -- or you're looking to brush up on a specific investing concept -- this is the place to start. They've tailored this section to give you the investment foundation that you need. 
They believe it is important that you first acquire this knowledge, because only then would you be able to take charge of your own financial planning and be great at managing your financial wealth. 
Those of them there at Fundsupermart believe passionately that unit trusts are the best investment instruments to help achieve our long term financial goals. So here, they'll show you the basics of financial planning, tutor you on the finer points of unit trust investing, and help you make better investment decisions!   

https://www.fundsupermart.com.my/main/school/school.svdo

The site from link I attach is where you can get everything done. You don't need agent or bank actually. The site doesn't charge sales charge and only charges 0.2% platform fees for using their platform. If you prefer to talk to someone they have client investment specialists who can explain to you investment strategy n all too

The truth is, you may have difficulty finding agent or banker who would sell you just bond funds since commission is lower for them. Most likely they would try to convince you to buy some equity fund so they make more

thanks a lot for the input. i am probably start off trying their portfolio simulator

Glad to be of help. This thread is not so active as most of us hang out in https://forum.lowyat.net/topic/4193169 for DIY fund investment

Hi Fellow Investors,

Appreciate any comments or advise on what to invest out there. I am currently holding the following investments:-

LOW RISK
1. AS1M, ASW2020 & ASM - avrage return of 6% per annum by ASNB
2. Fixed Deposit - average return of 4% per annum

MEDIUM RISK
1. East West One Oil Palm Planter's Scheme - annual return of 8% per annum over 8 years. Interests paid every quarter and full capital repayment on maturity.

HIGH RISK
1. IgoFX copy trading of Vladislav performance - average monthly return of 11% (as of March 2017). average 16% per month for 2016, average 15-30% every month since 2014

Kindly include in your comments the expected return and investment risk of the product etc, if possible. Many thanks

since you had just mentioned an average MONTHLY track returns of over 3 yrs...shouldn't the risk classification be changed?
ex.....you had an average of 16% ROI per MONTH since 2014......

I think, risk classification should not be related to ROI per month......


This post has been edited by MUM: Apr 17 2017, 08:42 AM

I still consider IgoFX copy trading of Vladislav Forex Investment as high risk

Ok...

Attached below is Vladislav's forex trader profile and performance


Attached thumbnail(s)

Wow...looking at the chart.....it is low risk wor...so constantly climbing up n up

You can consider to invest by follow and copy Valdislav's every single trade using IgoFX platform. Here is his 2017 performance to date.

PM me for more details if interested.


Attached thumbnail(s)

Thanks for the offer.....i looked at the chart and see very low risk , consistently climbing up and with your monthly track records of 3 years at constant rate of >10% per month...
Looks enticing,...but just remembered you said...
did i miss something from my observation?

This post has been edited by MUM: Apr 17 2017, 01:19 PM

Can PM more detail of it? Kinda interested on this.

Just an update

Performance to date in IgoFx since March '17 choosing vladislav to copy trade has been encouraging at ROI +7% and I can see each trade made. I have yet to withdraw my profits to date. Note that withdrawal of any amount is allow any time, and return is not guarantee unlike JJPTR and base on Vladislav's trade performance.

Many have doubt if it's legit. Trades by vladislav or the traders listed may not be real and note that IgoFx is under Monetary Authority of Singapore's watchlist http://www.mas.gov.sg/IAL.aspx?sc_p=I

Appreciate any constructive comments out there. Hopefully IgoFx is genuine and let's earn together