If you are thinking of investing your hard earn money in the unit trust fund, please read my review carefully and make wise judgment:

1) The bank and fund manager shall have no liability for any loss resulting from the performance of the investment. This means that the investors are not only greatly exposed to the market risk, but also the risk of poor fund management. Just ask yourself a simple question, will you do a good job if you do not have to take any responsibility for your job performance?

2) The bank and fund manager shall have no obligation to achieve the fund objectives as stated in the prospectus. A typical fund objective is to achieve capital growth in the specific period. If the fund fails to achieve capital growth after the specific period, this is not tantamount to a breach of contract or false and misleading fund objective. You ought to scold the unforeseen market sentiment for capital loss and blame yourself for trusting the information in the prospectus.

3) The bank will be under no liability whatsoever in respect of any information or recommendation rendered by any of its employees. Past performance is not a guarantee for future performance. In that case, you should not buy a fund based on the sales talk or past history but seek genuine advice from other unit trust investors. They are not expert but they tell you the true experiences without an aim for commission.

4) I bought a number of different funds from UxB since 10 years ago. You will be shocked on how “little” my investment grew throughout the period. For the funds that performed, the percentage of growth was far less than the fixed deposit interest rate while for the bad fund, I should appreciate that it only wiped out half of my capital instead of all. The report in the newspapers below showed concrete fact for your kind reference.

A Malay daily newspaper dated 6th August 2006 reported that 80% of the EPF members who withdrew from their EPF savings to invest in unit trusts had suffered losses totaling RM600 million. There was also a report in www.thestar.com.my way back in Aug 8, 2006 that reads: “The Government, alarmed over the more than half billion ringgit losses reported from investments in unit trusts involving Employees Provident Fund (EPF) contributors, has directed the EPF to impose stricter conditions on such investments.”

5) EPF and PNB also help to manage the people and investor’s money through various investments. We do not pay them a single cent and yet their performances are decent, consistent and guarantee. Syabas! On the other hand, we pay an expensive fund management fee in the unit trust investment but the performance is far below expectation and worse than the formers. Now, you should be able to see clearly who really cares for our investment and who just takes our money for granted and own benefit.

As a conclusion, the absent of law to protect unit trust investor makes us easily exploited and victimized. We are investing at our very own high risk. Do make your smart investment decision or you will be regret for life.

So?

ALL unit trust investors who does his homework and reads the prospectus know that.

RISK.

U want profit, u take risks.

Period.

This post has been edited by Pink Spider: Oct 24 2014, 11:04 AM

there are some fund that give you a guarantee of return of your initial investment minus processing fees after certain period of time if the investment failed. unit trust just like stock market, if you do not want to take any risk then put in FD and make sure it's covered by PIDM too..

Bank charge me 4% for my housing loan ... they are willing to give me money for a 4% return.
if their mutual fund is really that good, they would have put those money lend to me into the fund instead of my hand.

Fact #! : even bank don't put their money into mutual fund

Since they don't put money into their own managed fund, where do they earn ?

Fact #2 : bank earn from transaction, either sell or buy they take a cut.

So they don't really care if its a profit or lost as long as they keep buying and selling they are making money.

Fact #3 : its risk free to the bank

They have no money in and don't rely on profit to make money ... so what the hell !! simply trade lah !! as long as money is moving they are fine.
anything wrong, blame the fund manager ! fired the bugger !! let the game repeat ... under a different name of course.

Since when unit trust investment is "protected"?

Since when unit trust investment is low risk?

Unit trust uses the money to invest in stock market, bonds etc, so if stock market or bond is high risk, then so does UT.

I don't know how any law can be draft to "protect" UT investor.

It is based on willingness of buyer/investor in the first place.

Sounds like PNB/ASN agent

This post has been edited by Pink Spider: Oct 24 2014, 11:30 AM

Another view to TS:
1. I've been investing in mutual funds since 1995+/-

2. My returns have been:
a. up to net profit 28%pa+ (yes, U read that right, CAGR) for > 5 years' held funds in early 2008 for PRU SmallCap
b. up to net profit 60%+ less than 1yr (bought 2009 Apr 21 and sold 2009 Nov 03) for PubMut PFEPRF
c. a low of net loss -30%pa+/- during crashes for newly bought units in Dec 2007 - Mar 2008, crashed late 2008
d. a low of 10%+/-pa returns (U read right, NO negative but positive 10%pa+/-) for my oldest held fund during a crash eg. Dec 2008

3. Thus, if one wants something carved in stone - please deposit in FD and ensure that each bank (not account) has only up to RM250K of your money as it is only insured up to that amount per customer per bank (not a/c)

4. If one wants something better - trade or invest (there is a difference) yourself and save on the service charges.

5. So... what other options / solutions ar?
other than b*tch*ng about it?

This post has been edited by wongmunkeong: Oct 24 2014, 11:49 AM

i smell a Geneva Gold or Insurance "investment" coming...
newbie, new post... with illogical conclusion / requirements

if there is a promise to make one $, guaranteed... U better run far & fast AWAY from the offeror...
or lay the smack-down

oh mai TS... every investment have their own risk la... invest in UT also have risk, that's why u need to do some reading / research on the fund/products.. not just jump in thinking it will give good return..

p/s: that's why u see still have people join those scheme who promise high return but the end got zero..

Just joined the forum today

Open a thread blasting unit trusts

And then disappear

In Malaysia,
low risk = FD, EPF, ASB

Mind to share which UT co?

You are just lucky, like the winner who strikes 4D number, how many % of people can be so lucky?

I am not any agents who wants to earn commission like you...

I learned a painful lesson in unit trust investment. Hope that by sharing my experiences, all first time future investors can become smarter and more cautious when investing in unit trust. We are not protected, but we are also not a silent sick cat.

Learn to perform in the fund before learning to sell the fund. Be prepared to accept criticism if you are selling an expensive rubbish fund! Don't just sell for your own benefit.

So, which UT company are you representing?

you owe me bank

ahem.. i've been lucky for more than 10 years?
Through 2 of the biggest crashes in my generation (1997/1998 & 2008/2009)

FYI - I'm STILL holding passively and my returns averages 6%pa to 17%pa.

Please do NOT blame the tools if one is stupid enough to misuse or misunderstand it (wrong expectations).

If U use a hammer with proper expectations & knowledge,
AND U hurt fingers once a while,
will U blame the hammer (tool)?

If U use a hammer to cut down a tree
AND U b*tch that it's tough sh*t to cut the dang tree down,
will U blame the hammer (tool)?

U sound like the ex-MAAKL mutual fund agent that pisses on mutual funds
when he was trying to sell a land-banking crap to my friend (my friends uses me to sniff out BS like a bloodhound )
Cannot make $ wan lar, too slow lar, blah blah
AND
that was in 2006-2007, when ALL my mutual funds held were getting me xx.xx%pa CAGR, and mostly above 15%pa+!

People are "lucky" BECAUSE they are willing to prepare, understand, learn and use the right tools for the right goals at the right time.
That's why U are "unlucky"?

Guess what? I'm an investor, not an agent.
I'm a systems engineer by training & profession - not into BS like sales / marketing agents AND also not into responsibility shedding like some main-tikam "investors".
Perhaps to U, an "investor" is like U, who doesn't bother knowing properly and just shedding the responsibility to the tools or others.

Your painful lesson lost how much ar?
30%? $100K?
Please lar - dont woe is me here lar. There are worse case scenarios happening to others lar

Yes - there is expensive rubbish around but there are worthwhile items too.
Have U opened your eyes & mind to explore online purchases via Fundsupermart or PhillipMutuals?

Mutual funds are NOT the magic bullet, nothing is.
U think there is one?
Use the right tool for the right reason lar - unless one is still an imbecile & insist on guarantees, then stick to FD lor.
Stocks, Futures, Options, Forex, properties, FD, Bonds, ETF, biz, etc. - take your pick.
DUE DILIGENCE - U doing it like Genting meh?

This post has been edited by wongmunkeong: Oct 25 2014, 10:08 AM

I m jux too busy posting my review in other forum, blog, etc...

wongmunkeong is not lucky, he does his homework and knows the stuff (i.e. read the small prints, knows what is investment etc), that's all.

This post has been edited by Pink Spider: Oct 25 2014, 11:16 AM

Fundsupermart or PhillipMutuals
bro..these 2 good and why ? can assist with more info ? tx