No

i have not redeemed my Public Bond/ Islamic bond yet. but i will later on when price is right. I think as long as money from another UT agency ,FSm will be happy to offer us 0%. Email your CS in FSM to check.

So far i have only redeemed from PCSF and P Islamic Income, lowest amount was RM18k. all allowed FSM 0%. I always email my CS in FSM first.

I see, nice sharing. will consult FMS' cs

This post has been edited by aoisky: Sep 7 2014, 09:30 PM

Yes that's why i also try to keep the mutual gold level.

even if we fall below Mutual Gold level,i suppose the PBMG card can still be used, only you wont get year end bonus cash back and GST and AF waiver.

PM Gold vs FSM Silver / Gold Status which one have more benefit ?

i dont feel any benefit from my FSM Gold status yet. Discount 0.5% is too low, and not applicable on promo rate when SC 1%. i prefer to sell my UT elsewhere and buy in FSM at 0%. Maybe there are other gold benefits that i am yet to discover..

In-term of benefit PM Gold, in-term of low sc FSM, that is why PM still got its market and demand.

Cannot compare like that.

PM is very big compared to FSM and it is backed by PBB too.

PM can afford to offer attractive membership benefits.

This post has been edited by David83: Sep 8 2014, 07:58 AM

Hey guys, one shouldn't think that the platform fees for bond funds in FSM is a lot, right, since the SC is at 0% or...?

Only certain bond fund has platform fee.

In my humble opinion, i prefer FSM's gold benefits as an investor (cost goes lower)

VS

PM' Mut Gold freebies like
Good but one-off only
+ Free Will/Wasiat Writing Services, Free Trust Nominations (Nice one off)

So-so
* free insurance coverage (not bad but amount dismal)
* Mutual Gold Seminars (FSM pun ada)

Dangerous
- no fees credit card from PB (encourages spending + i've cards that are free with much better cash back)

Below are like them Priority banking fluff to me
- Complimentary Magazine, Quarterly Statement of Accounts, Repurchase Cheques Within Two Business Days
- Special Rates on Insurance Products From LonPac Insurance
- Exclusive Mutual Gold Centre
- Dedicated Mutual Gold Hotline

Just opining

This post has been edited by wongmunkeong: Sep 8 2014, 08:06 AM

Is FSM's backup strong ? PM wise as it is PBB, felt comfortable with it. I also like the quarterly statement, free platinum card with no fees whatsoever etc.

FSM UT purchase is still held in their name ?

I am trying to check out FSM. Please correct me if the above on FSM is wrong. Thanks !

Normal UT will be nominee to FSM.

PRS will be under your name.

FSM used to be under OSK, now under RHB Group.

KGF

Just to add-on on the PM Gold Benefits...
this is just commission rebate, seriously not that special.

anyway, if i don't have to pay 5.5% sales charge for PM funds, i'll definitely look into investing with them.

Hello and good morning.

I am new to investments and currently looking at FSM to grow my money for a long term target. I read quite a lot on FSM and it seems to be quite good compared to investing through banks.

I just want to ask fellow seniors in here, what is the best strategy can be devised to see a good profitable return in few years time ?

I'm sorry if my question sounds vague. Just a little clueless on how to make a start investing.

1. Establish an emergency fund of at least 3-12 months (depends on your job security and your commitments, for me, I have 6 months) worth of your monthly expenses, park aside in savings account or FD or money market fund(s). DO NOT INVEST until u have this done.
2. Determine how much u can afford to invest a month.
3. The more u have, the more funds u can pick to establish a portfolio. If u have little e.g. RM100-200 a month, pick fewer funds.

Or...



This post has been edited by Pink Spider: Sep 8 2014, 10:36 AM

Guess I have to sort out the rule #1 First.

I have just started my career about 5 months ago, I have set aside about 1.5 months for emergency fund already . I think maybe I should put in those money into money market and save a little more on it.

1.5 months is too little. If touch wood u lose your job, u will run out of cash rather quickly. Unless ur papa mama got loads to support u

Open an FSM account, start with RHB-OSK Cash Management Fund 2 (CMF); for money market fund, u won't go wrong with that. Rock solid stable fund, currently yielding close to 3.3% p.a.

Dump all your monthly excess cash in CMF, once u exceed a certain amount, start flowing the $$$ out to other funds.

For a start, maybe u can park 1.5 months in savings account (MAKE SURE U DO NOT TOUCH IT!), 1.5 months in CMF.

This post has been edited by Pink Spider: Sep 8 2014, 11:05 AM

It is very little of course.

That is because I am just few months into the job.

When u mentioned "exceed certain amount", you mean the the excess amount after minus my emergency funds ?

What I plan for now is , start with a CMF account, lets say initial investment about 2.5k and consistently top up about 500 monthly into that account. Is it advisable ?