Switching funds require to pay RM25 for each successful transaction. I think I want to hold my equity funds for a while. Somemore, no forms for me to do so.

talking about switching...which funds would be great idea to switch into now? i'm holding Public Equity, and thinking of switching into another equity fund...

PRSF has drop alot recently.....if the market doesn't improve you should wait abit longer before going in

OMG ... you're not aware that Bond funds are for temporary parking during bear period like this.

Well, for the mean time, we have several options and they're:

1. Acquire more units with lower unit price.
2. Switch out to bond fund to lock whatever profit you earned so far and switch in back later when then market is in a more optimistic shape. You'll lose your average unit price if you don't maintain minimum units in the fund that you wished to switch out from.
3. Hold on with whatever you have and hope the bear won't last long.
4. Withdraw the funds and enter later. With this you'll lose your average unit price.

Than you have to find out whether or not you can put the agent name as yourself.
If yes; than you need to proceed to get recruited and pass the test by FUTM.
Better get some confirmation from qualified agents here.

Put the agent name as yourself has no problem but once you become a qualified agent, you have annual quota to meet.

Well, lets see the pros and cons

Pros
1. You get to take 2.85% of your 5.45 (or 6.5%) intial service charge back in your pocket
2. Access to PM agents training and services - some are free, some are avail at low cost, CAMS (the agency monitor system) subscription is ard RM 100/year
3. Update on the latest PM news
4. Side income if you sell to your family members/friends (you gotta service them as well)
5. Other agents incentives and benefits if you meet certain sales quota like free insurance, subsidy on car/house, subsidy on CFP program. FYI, Some of these quotas are quite high.
6. Career benefits and advancement.
etc etc

Cons
1. Sales Quota = RM 30k/year, NOTE : this is 30k equity fund sales. Bond and MM funds do not apply. They will fire you if you do not meet the quota. But usually for the beginners, they can appeal and PM will give them another chance.
2. To join the agency force, first you gotta pay RM 247.50 (not sure if this has been changed) for course material, exam fee etc. PM will refund the entire RM 247.50 amount if you pass the exam on your first try and manage 30k sales within 6 months. So, take this as your initial investment and a challenge to make 30k sales in 6 months.
3. You probably need to take ~2 days leave to attend the required training and take exam. The training course will take 1 full day (or 2 evening classes - but this always full, so gotta sign up fast), exam will be held another day at TPM.
4. You do your own investment, are you good enough to make your own financial plan ? You get to save 2.85% of your cost if you are your own agent, but if you are not good enough, you can lose the entire 2.85% or even more back to the market. This is the major risk if you have little clue on what you are doing. However, if you have a helpful and knowledgable upline, he/she can offer you very good advice on this matter.
5. minor cost on renewing FMUTM license, forms, brochures, name cards etc you gotta pay for them.
6. time and commitment. New funds briefing, agency meeting, investment talk, servicing your clients (not just sales, also after-sales service)... will take you time and commitment
7. career prospect - depending on how you view it. There are more and more people joining this industry, and competitions are everywhere. If you intend to do well and stay, I highly recommend you to get yourself a CFP.
etc etc

Bottomline is you gotta have the interest in this field if you wish to join. Don't join because of $$$ only. If you wish to join, you should find a good upline who can guide you well - look at the cons part 4.

For those who are interested in this career, can PM me for more info.

Argh.. I only have my bullets locked and loaded after 27th of this month Eyeing on PCSF

Wow ... that's a brave and bold move judging from the current atmosphere. I think that I'll cool down myself first for few days.

Which equity fund you switched into?

Actually, I am going to start working, so no more stock market monitoring or forum anymore soon. I leave a few funds which is still in negative inside for medium to long term investment, will start to top up after some time to drag the cost per unit.

dzi921, you need to stand firm on your principle. Set a cut loss point for your UTs. Because markets wont crash in one day, but a more than 10 pts for a few weeks time is not good for everyone. You wont notice the little difference every time.

My profit for my fund actually shrinked ~15%. So, I just need to go when I still have some profit with me, around 20-50%. For those funds which cannot escape, I need to have a PLAN B for them. Besides, I kept 2 funds will profit inside so that I can switch to the long term investment whenever timing is good.

So far, kept my PBOND, PSBF, PDSF. And those not doing well one includes, PIADF, PGBF, PEF and so on.

Seems like got many people have high interests on PRSF.