Yeah, those uncles at Genting VIP rooms are sucksexfool men alright, if not for them, Genting close shop already

Success breeds arrogance which is a magnet for stupidity sometimes.

"I'm a successful businessman, u don't teach me what is right and wrong! "

Alright then

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.

Once a a rich friend of mine told me, it doesnt matter who songlap what, what matters is you get your proper dues.

Folks,

Come on.....

Let's think outside the box for a moment,

Why be a gambler when you can own the casino??

If UT companies (casino) always make money regardless whether the UT buyers (gamblers) make money, won't it makes sense to invest on UT companies instead??

Now, I am not suggesting everyone to start buying stock in UT companies, but, just think outside the box for a while.

I invest on Public Bank.  Bank always make money unless it makes political loan.  Insurance company are highly profitable. And, UT company makes money. Public bank owned all 3. I do not know whether it still does.  But, won't it makes sense for you to do this if this is what you found??

Dreamer

You have to learn one thing about unit trust. It is that there is a rule from the government that most of the money in the fund MUST BE invested AT ALL TIMES. For example, if there is a 100 million fund, which is supposed to specialized in China market, maybe about 80-90% of the money has to be used to hold China market stock at all time. So even in the case of a sudden crash in China market, the fund manager has no choice but to sell off risky stock and buy up less risky stock. But if the market goes down, it will not worth much no matter what you buy. They do not have an option to park all the money as cash for several months to wait for better opportunity.

Therefore, in a coming bad market condition, investor is better off sell off the unit trust instead of being dragged down together. The investor cannot hope that they can simply do nothing and they will be saved. Just like equities market, need to invest and sell off at the right time also.

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? 

I would think that the issue at hand is overselling of UT which misrepresented the risk involved. Dwell on the issues at hand rather then labelled others for their losses. Dont sit snugly with your hands crossed, sniggering to yourself, give proactive solution or explaination acceptable to all. Some of those losers are succesful men in their own right. 

Magika - if one were to blame over-enthusiastic marketing & BS, then there are lots of other industries involved too right?

Smug & sniggering? I came from TS pain and i did take the pains to learn.

Proactive solution was already shared - unless U have comprehension problems with English.
Take the responsibility to understand the tool or investment vehicle.
Blaming solves nothing.
Not proactive enough? 

+100

As with all things in life...u unhappy with something?

Change it (forceably)
Accept it
Get out

There are no 4th option that I can think of

Wait, whine on forum is the 4th!

Folks,

Come on.....

Let's think outside the box for a moment,

Why be a gambler when you can own the casino??

If UT companies (casino) always make money regardless whether the UT buyers (gamblers) make money, won't it makes sense to invest on UT companies instead??

Now, I am not suggesting everyone to start buying stock in UT companies, but, just think outside the box for a while.

I invest on Public Bank.  Bank always make money unless it makes political loan.  Insurance company are highly profitable. And, UT company makes money. Public bank owned all 3. I do not know whether it still does.  But, won't it makes sense for you to do this if this is what you found??

Dreamer

FYI, EPF also appoint many of those so-called rotten, cheating fund managers to manage EPF's investments

FYI, EPF also appoint many of those so-called rotten, cheating fund managers to manage EPF's investments
u

I would think that the issue at hand is overselling of UT which misrepresented the risk involved. Dwell on the issues at hand rather then labelled others for their losses. Dont sit snugly with your hands crossed, sniggering to yourself, give proactive solution or explaination acceptable to all. Some of those losers are succesful men in their own right. 

Notice a pattern?
Ppl that accusses others of not offering options/solutions are those that seems blind OR they themselves dont offer any.

Oh well, time's wasting enough on garbage that can't be changed.
Moving on

Yes. Money has no morality.

Don't care how the money is made,  moral men doesn't get rich

Conscience? Use the dirty money do more charitable work lo

If u really think the government is rotten, dare dare go overthrow it. Not dare? Migrate or just live within the systems.

r
Yes, they may be rotten, but they show consistent result for their performance. Better than some craps who disguise and self-claim themselves as professional to con people money and then "lazy" to perform.

It's also easy to bark for no valid reason.

The people whom u label as professional cons ARE ALSO THE ONES WHOM EPF APPOINT AS EXTERNAL INVESTMENT MANAGERS.

Your agents, your bank officers, they are only SELLERS, SELLERS, SELLERS, SELLERS; sellers don't manage the unit trust funds!

Just like when u buy a car, and it's faulty, u go to the manufacturer, u don't go pour red paint on the salesman's house front door