QUOTE(dasecret @ Apr 11 2017, 09:30 PM)
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--8077thanks 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!
Apr 11 2017, 07:34 PM
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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?
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