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Public Mutual Funds, version 0.0
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victorian
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 Jul 2 2020, 01:53 PM
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QUOTE(JoeK @ Jul 2 2020, 01:49 PM) 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? Should be the EPF approved MIS funds. 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%). |
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victorian
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Jul 2 2020, 02:02 PM
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QUOTE(JoeK @ Jul 2 2020, 02:00 PM) yes. correct. i thought it's illegal to promise returns to the customers. :confused: :confused: 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. |
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victorian
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Jul 2 2020, 02:06 PM
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QUOTE(JoeK @ Jul 2 2020, 02:03 PM) yes. not in black and white. they just write in LinkedIn message promising 8% returns. any of you manage to achieve 8% before? Lol 8% is easy, some can even go up to 10-20%. 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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victorian
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Jul 2 2020, 02:08 PM
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QUOTE(JoeK @ Jul 2 2020, 02:07 PM) How much was your return last year if you dont mind sharing? Sorry I don’t invest in mutual funds using EPF monies. I’m just sharing from a mutual fund perspective. |
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victorian
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Jul 15 2020, 10:00 AM
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QUOTE(bigphil @ Jul 15 2020, 09:41 AM) Oops sorry.wat i mean is they can never guarantee a fixed return.if 2.5% i would suggest to put into money market.no charge and it is as good as putting in fd Lol you are talking as if EPF has ever given out 2.5% interest. Do you even know what is minimum 2.5% guaranteed interest? You are derailing so hard from the original discussion |
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victorian
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Jul 15 2020, 10:08 AM
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QUOTE(yklooi @ Jul 15 2020, 10:06 AM) I means he’s seriously comparing the minimum guaranteed rate of EPF vs putting it in FD. Really... |
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