Public Mutual Funds, version 0.0
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 Jul 2 2020, 01:49 PM
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#1
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Senior Member
1,099 posts Joined: Jan 2019 
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guys, recently I've been approach by few agents asking me to withdraw from EPF and invest in Public Mutual with a promise of 8% return. is this doable? i find it hard to believe.. why would i withdraw from EPF with 6% dividen to invest in Public Mutual? also, i thought Bank Negara made it illegal to promise percentage of return to customer? This post has been edited by JoeK: Jul 2 2020, 01:50 PM kapitan gambit liked this post
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Jul 2 2020, 02:00 PM
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#2
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Senior Member
1,099 posts Joined: Jan 2019
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QUOTE(victorian @ Jul 2 2020, 01:53 PM) Should be the EPF approved MIS funds. yes. correct.Did they say that the 8% is guaranteed? If you can earn up to 8%, it also has chance to go the other way (-8%).  i thought it's illegal to promise returns to the customers.  |
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Jul 2 2020, 02:03 PM
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#3
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Senior Member
1,099 posts Joined: Jan 2019
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QUOTE(yklooi @ Jul 2 2020, 02:02 PM) did they said that in writting? QUOTE(victorian @ Jul 2 2020, 02:02 PM) If you have the black and white of them guaranteeing 8% returns, you can post them here. Else it’s just verbal promotion tactics to entice customers to sign up for their plan. yes. not in black and white. they just write in LinkedIn message promising 8% returns.any of you manage to achieve 8% before? |
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Jul 2 2020, 02:07 PM
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#4
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Senior Member
1,099 posts Joined: Jan 2019
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QUOTE(victorian @ Jul 2 2020, 02:06 PM) Lol 8% is easy, some can even go up to 10-20%. How much was your return last year if you dont mind sharing?The thing is, is it guaranteed? EPF is good is because it guarantees a minimum return of 2.5%, so it will never go below zero. |
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Jul 2 2020, 02:10 PM
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#5
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Senior Member
1,099 posts Joined: Jan 2019
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QUOTE(yklooi @ Jul 2 2020, 02:08 PM) do you think that can be submitted to the PM office? Can share your experience? The good return and the bad return you've experienced in public mutual?yes, 8% is achieveable, depends on for how long this 8% will last, and when you bought it and what fund did you bought. but most of the time, most of the funds this 8% is not sustainable in the long run....my personal experience.....losses will happens too  |
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