Public Mutual Funds, version 0.0
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 Sep 29 2015, 12:11 PM
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#1
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Senior Member
517 posts Joined: Jan 2008   
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Dear Sifus, I got a friend said that investing in Public Mutual (PM) is a bad choice because of its 5% service charge. The service charge is rather high. I do not really understand because the reason I go into PM is because I do not know how to manage my own investment portfolio and I need someone to do that for me. My friend said that the return don't even high enough to cover the service charges. Need some guide here... please...
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Sep 29 2015, 01:45 PM
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#2
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(xuzen @ Sep 29 2015, 12:26 PM) Dear Sifus, I got a friend said that consulting a medical doctor is a bad choice because of GST and consultation fee charge. The consultation fee is rather high. I do not understand because the reason I go into a clinic is because I do not know how to manage my high blood pressure and I need a doctor to do it for me. My friend said the treatment not enough to cover the consultation fee. Need some guide here,,,, please.... Are you being sarcastic? or metaphor? I don't really get what you mean.Yeah, I am also in the same dilemma. Xuzen  |
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Sep 29 2015, 01:48 PM
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#3
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(bcteh @ Sep 29 2015, 01:39 PM) PM is more suitable for long term 20 to 30 yrs. Maybe you need 1 yr to recover the 5% sc. After that it is profit. That is my plan. It is for long term. I am putting RM400 each month into 2 funds consistently.But the 5% is incurred every time I pump in money. So for example, I pump in 10k and kena charged 5%. The return is 6%. Meaning, I only earn 1%? (My theory correct?) Then my UTC said something like average unit cost. So in long run, I will earn even more. Need help in this statement. |
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Sep 29 2015, 04:43 PM
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#4
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(Pink Spider @ Sep 29 2015, 04:37 PM) ETFs not accessible for average kecik miao investors I heard about ETF from my friend also, he was asking me to put money there instead of PM UT. I googled but don't understand a single stuff... =( |
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Sep 29 2015, 04:45 PM
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#5
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(xuzen @ Sep 29 2015, 03:35 PM) Sarcatainment. I understand la. I am willing to pay, just that, is there cheaper service charge as an alternative to PM. Because I tried to google around, can't see banks posting about service charges in their website. All directing me to their call-me-back form. I saw from iMoney, some securities companies are offering 2% service as compared to PM which is 5% wo but I can't find any information about the 2% in their website.... =(The alternative of not paying a service fee is to DIY. Since you mention you are a complete noob... and don't want to pay tuition fee... how lar? Xuzen p/s If you wanna save on service charge you can hop over to the Fundsupermart thread: The definitive guide to DIY UT investing in M'sia. |
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Sep 29 2015, 06:13 PM
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#6
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(xuzen @ Sep 29 2015, 06:06 PM) But but but he wants hand-holding wor... where got at 2%? Erm.. What you mean by hand-holding?Xuzen Like PM, my UTC did nothing la. Just help me to fill up the initial investment form. After that I did DDI online via PMO. That's all... Every month 5% goes to UTC. Feel kinda waste la... |
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Sep 29 2015, 10:17 PM
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#7
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Senior Member
517 posts Joined: Jan 2008
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QUOTE(xuzen @ Sep 29 2015, 09:59 PM) Like this ar.... ok boss. I will explore fundsupermart. However, EUTrust whats that ah? I can't get it from Google...Then come over to Fundsupermart or eUTrust for DIY experience. You are your own agent, low fee.... Three hundred funds and getting more from various UTMC to choose from. It is the Tesco of UT! Xuzen |
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