No address, no contact number, company name or whatsoever, more like HYIP rather than legitimate investment product.

Hey.. lets keep this thread to just fund investments (ie Mutual, Trust, REITs etc) If ever there is a need to discuss certain HYIP product, I think its best to open another thread.

Unit trust seem to have plateau out in the last few months. Growth has been slow... humming along like our Equity markets.. .

One question for the UT Sales here. For EPF investment, is there a switching fee involved when switching from one fund to another?

actually this Public Mutual is quite lucky to get so many hardworking agents. Just now came to my office,... make a deal again.

One of my friends who is really expert in computer repairing also joined Public Mutual as agent. Really wondering how, if me also joined?! Grengo01,... may I ask, have you ever consider this?!

EPF investment... personally not so sure. but I think it dun have any differences for normal switching as stated in their booklet.

Yes, it apply switching if you are not Mutual gold member, if you are mutual gold member , then free , no matter how many times you switch.

public mutual is a good company to be invested...my BF invested 10K with pulic mutual and got return of 5k ++ for onli 8 months..lol good investment..anyone want to invest? recommend you my BF's financial agent.hahahaaa...

This post has been edited by meichee: Jul 20 2007, 01:33 PM

Your BF is investing in which particular fund? That's such a great return.

may I know what fund??....
50% return in 8 months.... don't think I've heard of it...if not, my gf as an agent would be bugging me like hell already...
kekekekekeke

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Added on July 20, 2007, 2:50 pmIf I remember the preachings from my gf correctly; switching without additional money invested wouldn't warrant any service fee.
That's why a responsible agent would promote switching instead of asking the investor to sell and re-buy.
But whenever additional money is pumped into an investment; that's where the the service charges comes from. I.e. monthly standing instructions is subjected to monthly service charges.
Will confirm with my gf tonight.

This post has been edited by b00n: Jul 20 2007, 02:50 PM

Actually many local equity funds made over 50% in the recent 1 year. His one made over 50% in 8 months could be possible, likely to be one of those more aggressive funds.

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Added on July 20, 2007, 2:55 pmboon, switching doesnt incur any initial service charge. Only rm 25 transaction fee deducted from your NAV for normal members. The fee is waived for Mutual Gold members.

A good agent will never advise selling unless the investor plans to withdraw from UT altogether.

This post has been edited by ejleemy: Jul 20 2007, 02:55 PM

There are some fund making 50-100% for the last year (1 year performance). Check the list of the top performance fund which is published weekly or monthly in some magazine as well as newspapers.

There is no surpise if some fund manage to do 50% last year until now, thanks to the bull run that continue until now. But bare in mind, not all fund, only some, most funds do average return rate as the market do, around 20-35% for last year.

No doubt, PB mutual is a good UT company, instead it is the top performing local fund house. But just based on your BF making 50% gain on one fund then say PB mutual is a good UT company is a bit pre-mature without much research on the market.

It depends which fund you are investing and market condition. Some better than the orther due to different strategy/nature of the fund as well as the fund managers.
Also not every year equities market can have bull run like last year, bare in mind, goes up and down in between. But long term average of 15-20% annually is considered very good already as history tell us.

This post has been edited by cherroy: Jul 20 2007, 03:00 PM

Yes, it doesnt take a genius to see that the UT Industry should see good returns especially those equity based funds. With the stock market globally surging to new highs and the KLSE in a delayed reaction caught up, it will only mean that all funds should see a rise of at least 50%.

meichee,
In the long run, the market will consolidate and I will not be surprised if the UT makes a U Turn next year after the GE. Hence as I have said earlier, switching is key to maintaining your growth to be within 10% -15% per annum over say 5 to 10 year period. A simple survey would show that PB funds one of the oldest equity based funds, since 1/1/1985 till 31/12/05 (21 years) before the bull run yields about 18% pa NON compounding. But if you were to take only fr 1/1/06 to date.. the returns is about 58%pa (Non compounding). A difference of 40% thats a lot of money. So in times of downturn one must be able to perservere and not cut loss... . And if you try to cut out the period between 1/1/96 to 20/6/98, you will see a LOSS of 27%PA... scary?

Switching to money market funds or even bond fund for the more adventurous in dark days may help preserve the value of the funds and to move it back into equity when the market makes another surge. Thats the key to make money but not many people really know WHEN..

It is a folly today if one agent shows u returns of 30% and you jump in without any other information is plain suicide.

This post has been edited by Grengo01: Jul 20 2007, 03:13 PM

ejleemy, does that apply to EPF investments too? coz last time I thought switching for EPF investments are free? No longer applicable? Thankss

Same thing applies to EPF or CASH investment. RM25 from equity to equity/bond.

I got a feeling that,... once they(anyone) becoming Mutual Gold member. They dun actually do switching. Do you believe me?! Dun believe me?! Perhaps we should ask some PM agents here.

Any agent can confirm that?!

Sigh... I hate to do sales... hehehehe... but I think our knowledge of the industry against those agents is either on par or better than most.

have to lar...their income is based on the commissions they get from their sales...the more sales they bring in the higher their income!

Actually in the past few months, I read the PM agent recruitment notice in the newspaper. So, I called them. But perhaps that time was late. So, he asked me to wait for his call. After that no news at all. Plus, me also never follow up, else me might be the PM agent already.

but then, heard from my that friend saying need to take exam and so on. I gonna see how he doing later. Feeling kinda wasted of his talent in IT, as he knew so much. My pcs are all repaired by him. Nevertheless, he still would serve for me(forcing him one,... lol ).

Dun know when he passed the test? He would come after me or not.


Understood...

Last time at this Taman Molek got one oversea bank open its branch. Then, they try head-hunting staffs from Public Bank. So long as from Public Bank, got RM 300 extra increament... cool, eh?!

Actually, there are many agents who are highly qualified accountants, bankers, finance managers, CFPs etc... many of us haven't got chance to meet these people as they target corporate sales mainly. Many SMEs that cant afford a 60k++ p.a. finance manager will hire these agents for their service.

What makes you think that many of us here are not qualified accountants, bankers, finance managers and CFPs as well?

The thing I am trying to say here is, the really qualified ones are far and few in the industry. The industry lacks professionalism. I guess no matter how qualified you are, when you are selling, you are kinda hard up for sales as sales = income. So you tend to gloss the opportunities and try to hide the stark truth about the pitfalls.

But there is no denying the fact that UT holds better prospects than FD and EPF in the long term. Some agents just conveniently forgets to sell on this advantage as they try to hawk on funds that people put on short term just for their own gains will ill advise that got their clients burnt bad.

Thats why those half baked agents can still make a living in Malaysia because we Malaysians are gullible. We accept all the good said lock stock and barrel without doing much investigation. Me included. I go into PM not because it is the best, but I go into the best funds in PM because it is the one I can access the easiest as my best friend is doing it and he shivers each time I call him to discuss about UT and my investment.

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Added on July 21, 2007, 11:44 amThe UT exam very simple one ah.... I passed it more than 10 years ago...

What is more convincing is to take the CFP and the less perstigious RFP exams. But again, with all these qualifications, its just to add glamour that you can bullshit with more credibility....

This post has been edited by Grengo01: Jul 21 2007, 11:44 AM

In sales, most of the closing is based on trust. i.e. your relationship with your client. Improve your PR skills and sales will come easier.

Grengo01, you got some valid points there. Actually such ethics problem exist in every sector invovled with agency sales force. Currently, there are only about 3k fully certified CFPs in Msia. Yet only a portion of the 3k are UT agents. It takes ~3 years of study + 3 years of working experience in related sector to get the CFP designation. It's impossible for our industry to have a full knowledgable salesforce consists of fully qualified professionals only. No choice, some of the investors have to deal with less professinoal agents. But... they always have the right to pick their own agents, if they think the agent X is not qualified enough, just ring the UT company office and ask for a good one. I'm sure many out there are happy and willing to serve them.