then do you need to send the switching form to them every month? or do you go down to their office to do it

Hi guys/sifus/pros,
I know no spoon feed and etc.
But just a favor can someone please enlighten me about "Unit Trust"?

i) Based on my understanding it is about we the traders invest under a "fund manager"(eg. Maybank, RHB & etc) under their provided skim. (Use investor fund to trade)

ii) There is 3 types of fund? Fixed Income Funds, Balanced Funds & Equity Funds. Other than risk difference, "Fixed Income Funds" give a low fixed return every month compare to Equity Funds might give a bigger return in a longer run?

iii) As I'm still a student with not much savings in hand, I found out there is a "Regular Savings Plan", do you guys recommend this?

Thank you if you willing to answer my question.
Sorry for my noob-ness.

Regards,
Adrian.

Dia cakap Regular Savings Plan...

As in, every month contribute to the unit trust... NOT that Private Retirement Scheme

Bro, u expect those funds to go up and up and up for eternity meh?

Did u question when KLSE dropped but the funds rose?

good for you.....mine still MINUS 4.56% since April. 

What will you do if that happens to you? I'm curious to know.

why u all no buy ETF?

less fee compare to UT

which ETF u buy?

Guys, get ready!

[attachmentid=4108108]

Most of the fund required a minimum of RM1,000 for first investment.
Then subsequently you can enter with RM100 for the fund.

RSP is about you choose the amount you desire monthly to enter a particular fund.
Lets say I want to buy "ABCD fund", but I don't have much money for initial investment.
This RSP help you manage your money by regularly enter RM100/RM200/RM300 per month.
So every month I bought more units with RM100/RM200/RM300 on a particular fund.

It works the normal way, but you're averaging your entry point.

Equity / Balance
Depends on your risk tolerance.

Dunno leh. Maybe cannot.
You go and read the FAQ, and find the "sink hole" lo.

What is UT?

Is unit trust same with equity and balanced fund? Sorry I noob

I guess it all depends on your investment strategy. If you are doing DCA, your aim is regular investment and avoid timing the market, then RSP. but if your strategy is is other than DCA, then you might not want to do RSP.

iirc they deduct the funds every 15th of the month. so if you cancel before the 15th it shouldnt be a problem.

1st time 1k (if you nvr bought the fund before) tak bulih lari lar... subsequently min RM100 mar.. wether rsp or manual.

I prefer manual coz sometimes my ac no money after moving out all my ammos or kena giant credit card bill.

This 'ninja' method/loophole was introduced by Pink previously.. Tried it once, it works. You just have to cancel the RSP after you 1st month RSP

Pandai budak ni

To smooth out my entry cost over a few months

Exactly as bolded

Anyways..you got any recommendation on specific equity or balanced fund to take BASED ON YOUR EXPERIENCE? I plan to take up to 5 funds with RSP rm200 in each fund then cancel RSP when 2nd month as the guy told above and then add manually starting from 2nd month. Is it possible like that?

I'm asking your experience because I not sure which fund to choose..just asking ur opinion..thanks

woonsc u too bro, and opinion on which equity fund to choose? And my RSP method above can work? Thanks bro

@Arvinaaaaa you can actually leave the RSP there to pull from your CMF. If there is not enough funds, it will not create the contract.

The main reason u RSP so u can lock in the 1% sales charge for 6 months