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

To be fair to TS, I do see quite a lot of forummers hammering him.

Unit Trust as in most investment , one need to be well informed and be able to research well. Contrary to popular opinion eschewed by UT salemans, you need knowledge in investment strategy. Thats why quite a number of investors failed.

Now comes the million dollar question, if everyone is well versed in investing, then why not go for stocks itself, since they are well versed in research plus having good strategy. Most will answer that it is asset diversification strategy or something like it.

What needs to be addressed is since UT is popularly sold to layman without investment knowledge (plus icing the possible returns), some sort of independant grading should be done to access the investment houses funds that failed the masses. Its disheartening for those whose hard earned money went down the drain.

This post has been edited by magika: Oct 25 2014, 12:23 PM

To use an analogy...

Those who invest in stocks directly should be like semi-pro car racers, they know the advanced side of driving, mechanical parts of cars etc

Those who invest in unit trusts should be like normal drivers with REASONABLE DILIGENCE, i.e. you should know how to change car tyre, you know how to check oil level, you should know that hazard lights are only meant to be used when your car is stationary (and NOT when it's raining heavily!), when <!> light lights up on your dash you know it's brake system failure or you forgot to disengage your handbrake and you should AT LEAST know how to refuel your car etc

Those so-called "layman investors" who just take UT salesman sales pitch for it and just dump in money and expect it to perform with ZERO monitor and review are like lady drivers (pardon me for being sexist) who don't even know how to refuel their car and only know how to scream "ahhhhhhhh~!" in an emergency situation and ramming into the car in front instead of calmly pressing the brake and put their car to a full stop.

However, there IS some funds that require almost zero monitoring and review - Balanced Funds, you can actually invest regularly in those funds and with time (and I mean YEARS), results will show. There are numerous Malaysia Balanced Funds that outperformed EPF in the long run.

Just for reference:

2 year | 3 year | 5 year | 10 year (annualised return p.a.)

RHB-OSK Smart Balanced Fund
19.0% 17.8% 12.6% 14.0%

Affin Hwang Select Balanced Fund
7.0% 10.1% 10.5% 10.4%

"Lazy" investors should not buy into those sensationalised funds like China funds, Gold funds, Emerging Market funds and so on, those are not meant for passive investors.

This post has been edited by Pink Spider: Oct 25 2014, 12:55 PM

To put it in a nutshell, you must be savvy driver and savvy investor. So UT is mostly sold to those not so savvy investor, how. Not buyers beware clause again.

I do think TS opinion is valid as its meant for those not savvy into investment. However those replying are sifu grade investment gurus.


This post has been edited by magika: Oct 25 2014, 01:39 PM

Magika, i'm definitely no sifu though i know some stuff, via taking effort & time to learn & test & see.

The problem i have with attitude / thinking pattern like TS (not with TS yar, no probs with him/her per se):
1. They spend more time thinking or deciding on lunch / dinner / weekend getaway / remodeling the entertainment room
VS saving & investing

2. THEN they go blame the investment, trade, tool, fund houses, agents, brokers, etc
and absolve themselves from ANY responsibilities

3. Wouldn't a logical person spend more time getting info & deciding on bigger impact items?

Heck, some even spend more time per day thinking of what clothes to wear and executing their make-up / make-down regime
IF that's the case, please don't lay the blame & responsibility squarely on others / tools lor.
This is called SELF-INFLICTED PAIN - right or right?

This post has been edited by wongmunkeong: Oct 25 2014, 06:31 PM

It's the mentality here.

Before u commit yourself, u are required to read the prospectus and then DECLARE (hey, u sign something, right?) that u understood what u are investing in and the risks involved. But, how many of us (yeah, Malaysians!) actually read or even browse through the prospectus? UT agent is required by regulations to obtain your consent/declaration before they can allow u to invest.

Typical Malaysian seller/agent: "Sir, u sign here, here and here..."
Typical Malaysian buyer/investor: "..." *sign sign and sign*

Err...isn't it common sense that YOU SHOULD NOT SIGN ANY DOCUMENT THAT YOU DO NOT UNDERSTAND?

You were given the chance to learn, but you refuse. It's like, u are a multi-billionaire buying a private jet. The jet vendor tells u that u need professional training to pilot it or if u lazy, engage someone to pilot it for u. Then u say, "no need lar, here's your cheque, now bust off!"

And u blame the jet vendor (IF u manage to stay alive ) after your jet crash landed at some deserted island...

I reiterate, if u refuse to put in some homework, YOU SHOULD NOT INVEST IN ANYTHING . If u lose money, it's your fault alone.

In a bullish i.e. up-up-up market, everyone is a master stock/property picker...no need study wan...

Oi Masta wongmunkeong u got quote the wrong post or not? Quote my post but reply to magika?

This post has been edited by Pink Spider: Oct 25 2014, 05:27 PM

I do understand what all of you are saying and I do respect all, your opinions, thats why I said investment sifu. Not everybody has the interest in researching and reading up investment literature, either you have the interest or you havent. However we have common interest and that is to make lots of money. If every print media plus every Tom, d*** and Harry saying that UT is the way for noobies to make money than that becomes vogue. If we need the knowledge in investment, then why do we need to pay fund managers for ?

Regarding reading up all the documents before signing up, I really respect some of you who can really understand and read thru all that has been stated. It also needs knowledge to ask all the right questions.

That said, my understanding of the issue at hand is that UT is not for noobies.

Yeah, ASK QUESTIONS. No need to know everything, basic understanding will do.

sumimasen... saya banyak masin
must be old age & shaky fingers/hands - clicked on the wrong post

Corrected - see, responsibility, respond & tada.. fixed
Blame blame blame

This post has been edited by wongmunkeong: Oct 25 2014, 06:32 PM

Then nothing is for noobies other than guaranteed & insured stuff like FD.

My bro / sis - are there still people out there thinking they can GET SOMETHING for nothing?
Not even taking the effort in understanding a tool?
Are they not even literate? or it's just that they are stupid & trust blindly?
OR... worse.. lazy and prefer to think about what's for lunch/dinner?
That is fine & dandy - if one were to admit responsibility for self-inflicted pains, then learn from it.
Blaming is so easy right? But what does it solve - how can we get better from it?

Knowledge in the tool is NOT the same as knowledge in investing.
I know how a hammer works and why i'll use it.
Doesn't mean i'll be a great carpenter or a great handy-man, right?

This post has been edited by wongmunkeong: Oct 25 2014, 06:32 PM

We are not dealing with a brainless tool like hammer, don't be narrow minded. Our tool here is a smart fund manager/bank that claims himself to be an expert with professional knowledge in managing investor's fund. If you happened to buy a defective car after careful research, do you blame yourself for being dummy or the car manufacturer for bad quality?

You are blaming that the 80% of EPF members who lose their money in unit trust is self inflicted due to their laziness in doing research and lack of UT knowledge. Does it make sense that all the 80% of EPF members blindly invest their hard earn money as they are iliterate and don't care about their hard earn money? People with logical thinking would think the other way, that is 80% of our Unit Trust funds in the market is crap and managed by inferior fund managers who are lazy to do proper research with bad strategy and wrong judgement. That's why we fall into this trap easily.

Why u want to invest in UT? Because you are lacking of stock industry knowledge and have no time to properly manage your money. So, to what extent should an investor do their research? How much is proper and enough? If we are able to do extensive research and become knowledgeable in the stock market and have time to monitor the stock market ourselves, then we should fire all the fund managers and save the fund management fee. This is a great idea!

We can read through as many brochures or prospectus or past performance history as we can, but how reliable and how realistic are these information that are usually attractive and promising? The fund house has no liability on the information given and no obligation to achieve the fund objective as stated in the prospectus! When you confront the fund house on why the fund performance deviates from its fund objective, they just put the blame on the market sentiment as a powerful excuse. They don't blame themselves for poor fund management. That's why investors are so vulnerable, because the law only protects the bank.

This is human nature. When you are weak, people take great advantage on you and your money. If I am a fund manager, I also tends to think this way: I earn my fat salary regardless of my performance, I am fully protected legally, I don't have to bear investor's losses, why headache so much doing research for other money, just simply choose a stocklah, if anything go wrong, just blame the stock market trend lor.

Look yourself in the mirror before using the word stupid. Stop c@cking if you can't say any good word!

I am not a believer of UT myself. I mostly invest myself on holding directly in stock market.

But I would not blame the UT manger for their bad performance. All investment has risk. If you can't accept that, don't invest

It is not correct to say that UT manager earn big fat salary irregardless of their performance. UT is a consumer products. If the UT cannot make money for the customers, eventually they will be eliminated in the business. They have a lot of pressure to perform and show to their potential customer to pull in new business. So, if every investor is like you, experiencing losses in the UT they manage, they will close shop very soon.

The fact that there are no UT manager close shop for decades showed that overwhelming majority of their customers are happy. You are just a handful of their customer who fall short of their expectation and whine on a forum

2 words - due diligence, especially for lazy & short sighted folks looking to get rich without any thought on the tools used.

BTW, tool = mutual fund. NOT the fund manager.

Equity mutual funds invest in stocks.
Stocks go up/down/left/right
So, mutual funds won't lose $? Greedy, Dumb + illogical

Since U know human nature - why not better the worse of human nature?
Fight greed with logic (and due diligence)
Fight stupidity with knowledge
OR perhaps lazy people prefer to sit on their dumb asses and just blame?

This post has been edited by wongmunkeong: Oct 26 2014, 12:18 PM

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

This post has been edited by dreamer101: Oct 26 2014, 12:21 PM

Yeah - and when PBank goes south, our little blamer will blame who?
Gov protects the blah blah... again.

Although i agree with U, the crux of the matter here is: It's the person, not the investment vehicle(s)

This post has been edited by wongmunkeong: Oct 26 2014, 12:26 PM

BINGO !

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

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.

wow

now the dreaming oldman also joined in

own the casino?

Genting makes a lot of money. But most are retained in the Group and to pay FAT directors and management salary. Shareholders? *middle finger*

Public Bank? Miserly dividends

U don't really "own" it unless u control the management

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

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

My friend also told me to be humble and dont think bad of others. Lighten up bro.

Fact#1:

Banking and Finance industry has strict regulations on what they can do and what they cannot do, and how much they can do. Commercial bank earns their profit via spread. They take your deposit give you 3% interest, loan the money to others (multiple times) and earn additional 4-5% profit. Actually you would need to be very wary if bank is allowed to invest 100% of their fund into their own mutual fund. Cause mutual fund is much higher risk and a downward turn in the equities market can easily cause bank to go insolvent and the depositers can say goodbye to their deposit money.

Fact#2:

What is this? You might be confused about commercial bank with investment bank brokerage division.

Fact#3:

Investment risk is supposed to be born by the investor which is true.

Just to clarify some points.

This post has been edited by tabletman: Oct 26 2014, 01:05 PM

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.

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.

Unit trust companies make money via the management fee and the upfront cost when the unit trust holders transacted. At the same time they have the cost of running the operations and commissions shared to the sales men. So if the cost is higher than the fees that they can earn, they too will lose money. As in all things in life, there is no guarantee any company cannot lose money. Banks at the moment is a very unique case because the government all over the world fear a bank run and its subsequent effect and always be there to protect them.

No, u got something wrong I'm afraid.

Government/government bodies do not govern what unit trusts do, they only make sure unit trusts do WHAT THEY PROCLAIM THEY SHOULD BE DOING, i.e. as per their mandate. The mandate for each fund is laid down in the prospectus, which is to be checked by Securities Commission before published.

E.g. a fund that laid down in its mandate that it's supposed to be at least 75% invested in equities must do it at all times, while a fund that has an unrestricted mandate e.g. can go 100% cash can do it anytime the fund manager sees fit to do so.

well said! just like business, know your risk and get your things together!

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!

This post has been edited by Pink Spider: Oct 26 2014, 04:47 PM

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

PB has taken a huge dive.. but yes bank equity (any bank equity) is pretty sound, because they are custodians of public funds. Countries can't afford a big bank failure. Whether they are profitable is another thing.

If you want to own a casino why not buy GENTING?

and someone get something in return for choosing them

This post has been edited by nexona88: Oct 26 2014, 06:06 PM

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.

Thank you magika for your valuable input. I really appreciate it.

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

"catch me if you can"? sound interesting! can elaborate more?

^
The one who is really barking for no valid reason here

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

U really got me

This post has been edited by Pink Spider: Oct 26 2014, 08:30 PM

no own opinion meh? or auditioning for sidekick job?

This topic will serve as an eye opener for newbies intro into UT. At the very least there is no need to say buyer beware as example has been shown not to delve into things that one is not well versed with.

UT is managed by approved Management Companies (MC) endorsed by SC
MC engaged licensed Fund Manager (FM) to manage portfolio(s)
FM make mistake(s) too coz they r human being
Even Warrant Buffet (living Legend) lost $ from its investments in IBM n Coke

I would say it is not the matter of not making profit. Its the matter of how it is sold to the general public.
Almost all UT agents will give you a big fat rosy projection picture and maintaining that it is achievable. Whereas the possible potential downside is just mentioned in passing. So for those not in the know, they will fall in hook, line and sinker.

However UT should be quite a useful tool in increasing ones net worth, provided we researched and learnt the intricasies involved. Thats why for those intending to invest should ask around sifus like wongmunkeong who has been investing in it for some time, rather than jumping in head first then realised it is not as straightforward as presented.

magika,

Come on... Let's have some COMMON SENSE....

S only make money from selling stuff to you. S does not lose money if you lose money from buying his / her stuff.. Hence, it is in S's best interest to tell you the good side of the stuff but none of the bad stuff.

Before YOU or anyone listen to someone, the first question that you should asked is how does the person earn his / her money?? Is there a conflict of interest here??

Now, only people with NO COMMON SENSE will not know this. But, as I said again and again...

Common sense is highly uncommon....

Dreamer

yes, common sense. Its only common sense to those with some experience in it.
For example home electricity circuit, when there is disruption in home electricity supply, how many people knows how to check ? Its common sense for those who have experience in it.

Quite a number of people ( without investment experience) have made losses in Stocks, UT, so its common to them.
Whereas those knowledgeable in investment knows what to do when their investment nosedive. Thats common to them.

However, I am not saying UT is no good, its only that the general public doesnt know about its inns and outs, thereby more awareness should be disseminated.

By the way, I am not really involved, only felt disheartened when every now and then will hear from friends and forums about people loosing hard earned money.

magika,

You do not get IT. The COMMON SENSE here referring to DO NOT EXPECT UT salesperson to tell you all the bad stuff (risk) about UT.

Dreamer

This post has been edited by dreamer101: Oct 27 2014, 08:15 AM

You wrote in different paragraph man, how I know! Maybe you are rite, no common sense.

OMG.... my fund is managed by EPF "school drop out"! No wonder I lost so much money, no wonder the performance is so sxxk, no wonder we have 80% of craps in the market .... ... if I were to know earlier, I won't invest at all .....

I don't intend to humiliate school drop out. Some of them are really successful like Bill Gate, but the percentage is small.

Since knowing the fact, someone still actively promote UT, fun supermarket, etc... Now I got it, this is one way immoral man becomes rich.

TS, why don't u tell us, who u really are and what is your intention of opening this thread...

Stop giving us stomach ache already

time wasting to talk to ppl who wanted to get rich but does not wanted to put extra effort to get information. Even information feeded to them, they will still stick to their point of view (Chinese call this lembu. Tunjuk pun tak faham)
Argument will never end.

This post has been edited by kmunz: Oct 27 2014, 12:42 PM

What is TS? Is that my member's name?

I blame UT because the fund manager causes me to lose money. I don't agree that this is solely investor's self inflicted because they are lazy to do research. If an ordinary investor who loses money is to be blamed harshly because they are inexperienced and choose the wrong UT fund, then what about the well versed experienced UT professionals that pick the wrong stock for investor after doing extensive research? God damm it! Fxxking idxxt! Bxxtxxd!@#$&*@## .... oops... gentleman don't use foul language.

You also know how to saylah when your car is faulty you should complain to the car manufacturer. Do you blame yourself for the faulty car?

No matter how smart and how hardworking the UT investor is also useless if we are given UT funds that are defective, faulty and misleading. The bank "007" and spokesman should solve the root cause first before pointing their finger on investor's ignorance.

If u watch the movie maleficent, u should be able to guess my intention!

Getting info is easy especially the con and crap one are everywhere, but how reliable and how realistic???
Make empty promise (in the prospectus ) and sweet sales talk are also easy but never use brain to excel in the performance, jux know how to blame investor lembu!
What a small brain!

Allah/Jesus/Buddha/God/Fortune/Luck/Whatever helps only those who help themselves.

Period.

ur topic named "review on the unit trust investment" instead of "review on unit trust sales person". Instead of blaming the investing mechinery, you should either change to yr topic or blame why you trust sales people so easily?
If a person selling you a 1000cc car and tell you that the car have the same hp as 2000cc car will you believe it and straight away put deposit? If you believe it then gong xi fa chai
I believe prudent people will do all kind of research before believing what other people said.
"Money wont come to you without any effort unless is your father's money"

TS is acronym for Thread Starter can also mean Terribly Stupid is certain scenarios.

Dear Thread Starter,

Being whiny is not helping you look very smart in this forum. How about you let us know which fund you have invested in that made you lose money. Let us know also when you invested and when you sold. With tangible numbers we can all make an objective assessment, rather than emotional one.

Want? Game on? Or you prefer to discuss about Geneva, pegasus, or some skim cepat kaya?

Xuzen

This post has been edited by xuzen: Oct 27 2014, 02:21 PM

Prospectus NEVER MAKE PROMISES.

It's obvious u don't know what are u talking about.

Even sales brochures don't make promises, it merely lays out historical and/or POTENTIAL returns. U know your English? Know what is the meaning of the word "potential"? And any investors with COMMON SENSE should know that history may not necessarily repeat in the future.

What else u have? Come...throw it out

And, if your UT agent REALLY promised u X% of returns, PROVE IT, report him/her to Securities Commission/Bank Negara or even the UT company. I can guarantee that u can get back your dues.

Otherwise, go die, REALLY, I mean it.

This post has been edited by Pink Spider: Oct 27 2014, 02:28 PM

There is always good good fund manager as well as bad fund manager.

So as investor, you need to choose a good fund to invest.

No fund is guarantee your principal nor any return rate. (don't need to look at how prospectus stated previous return got how many or not, as history never guide nor guarantee how future will be)

It is just merely you give your money to fund manager, and fund manager use your money to invest into stock market, bonds etc. Whether it will be making profit or loss, it depends what the fund manager has invested, on top of that, fund manager charge you a % of the money as management fee.

This is a simple process.

It is willing buyer (investor), willing seller (fund manager).

no, it's the other way round, they sell me BMW but the quality is worse than proton.

Batman is coming to catch Joker! I once admire u so much but now we are enemy. Oh no... I am supposed to be a sexy witch. U looks so handsome Batman! Can you rescue Maleficent? The evil old cat wants to kill me...

If I am smart I won't end up losing money in UT. To stop people from whining, then put effort to perform in the fund lah so that investor has no chance at all to complain on u. What we want is result, result, result!!! and not jux selling, selling, selling.

The fox tail is coming out...

Why u bother so much on my whining? Why everyone get crazy when I hammer on their bad fund performance? Does my whining affect ur biz? Or u r once the fxxkxxg fun manager that played on investor's money? Your friend who barks a lot is smarter than u for leaving soon...

Remember, don't play play on other people money! U r lucky because most of the fund are bought by C that are usually timid and lazy to complain. If M and I, long time ago all UT co. have been burned down.

The conman wants to kill me because I reveal his biz secret and pour salt on his wound....

Catch me if u can !!

If I die, u will be dragged to hell for abetting!!

The 5 stages of grief http://en.wikipedia.org/wiki/Kübler-Ross_model




Bro, you are at stage 1 and 2. The sooner you get over with, the better for you....

LOL TS is having schizophrenia now

ok la I surrender

For people that making lost in funds, it means never do proper homework.
But from people that are making money from people like TS, for sure it will lead to group bashing. If everyone are clever and don't buy any funds, agents won't able to enjoy luxury life.
Like some BN leaders said, you must be thankful when a fund give you dividend after donkey of years

This post has been edited by supersound: Oct 27 2014, 08:33 PM

good find!

if TS cant take any advice/criticism then u shouldnt post anything in this forum at all. it's a free speech world in here

Another roulette player..

TS.. Mind to share which fund you bought? Let's discuss and pint point which the fund is making losses after so many years..

This post has been edited by Kaka23: Oct 27 2014, 09:11 PM

Yes, u r right! So I can talk anything I like (like the bank who has no liability in sales talk/information given).

This thread is actually meant for educating naive investors but ends up wasting time arguing with UT craps.

Why? Because terlalu banyak UT craps yang tidak tahu membalas budi pelabur mereka. Here, u can see that UT craps (terribly stupid) that fails to perform in the fund shouts louder than the investor and keeps slapping investor's face (dummy) on their own poor performance. So what is the different between terribly stupid and dummy? They are the same, it's jux a matter of turtle laughs at tortoise.

Now, the dummy has a challenge for u!! What about we pay u 50% of our profit and u also share 50% of investor losses? Does it sound fair to both UT and investor? This is called performance based hard reward + hard punishment. (I think the UT craps are going to throw me hand grenade!) Based on the current standard(quality) of UT performance with 80% craps and 20% good, all the UT co already gone bankrupt long time ago if this performance scheme was implemented. If u r still survive, u r indeed terribly smart!!

The fun manager who makes fun of dummy investor $$$ has no more fun!! na...na..na... na..

It is really good to be mentally disorder , because I don't need to bear any liability for my action like the bank!!!

Thats the problem. You thought ppl sell you BMW but it is actually a proton. Did the fund tell you it is BMW? it is the sales person telling you is BMW.
The investment mechanism has no problem. Problem is the sales person and you.
Sales person will tell you all the pros and put aside the cons (btw which sales person not like this?). How many percentage of sales person who earn commission for a living will tell you the cons?Be smart, do a research and dig out the cons yourself and determine if it suits your risk appetite. Nowadays is internet era, you are provided with all kind of platform to dig information.

Anyway, I see alot of experience investor are trying to give you advise in fund invesment but seems you are ignorant. If thats the case, my advise is for you to keep your money under the pillow and pray inflation stagnant.

Someone once said, Waja = Asia's answer to BMW

But, anyone with sane mind would know that u cannot buy anything that performs close to a BMW for less than RM100K
If u believed the sales pitch...your intelligence comes to question.

And, did we see anyone suing Tengku Mahaleel for his Asia BMW claims?

This post has been edited by Pink Spider: Oct 28 2014, 11:52 AM