So by paying more than 2% in sales fee, do I get a free papaya massage and ping pong treatment?   
Yikes, I never thought of that before. I think I will stick with FSM and do "self service".

Vanguard, you are sick person.....

CMF is just like a UT that take your money and buy up money market instruments from the debt market. The instruments they buy include but not limited to Bank Guarantee, Letter of Credit, Banker Acceptance or Creditor guarantee.

Technically the trustee of the fund holds the money, the UTMC manages the money and FSM is the nominee of your account. Confuse? Sorry you have to ask....

There are lots of CMF. Up to you lu suka mana satu. FSM uses RHB punya right?

wrt credit this credit that.... sorry I tak tau pasal itu coz' I am on the "hand holding, molly......" package.  don't give a darn about credit this credit that.

Xuzen

wongmunkeong,  my advisor is a guy... I completely like his hold-holding & mollycoddling, I am not sexist.

Asked and thy shall be enlightened!

IFast = FSM = same company, diff division.

With IFAST you need to go through agent Licensed financial planner. The agent Licensed financial planner will then hold your hand softly and gently, mollycuddly with you to walk the investment mine-field together-gether.

With FSM, nobody gives a SH1T abt you! Everything you kow-tim yourself from filing up the forms to submitting it.

Xuzen

For the "hold your hand softly and gently, mollycuddly with you to walk together-gether along the investment minefield" package it is 3% upfront + 1.5 % annual advisory fee. Thereafter any switching will be free of charge.

For the "Nobody gives a SH1T" package: 2% up front and 1% or RM 25.00 per switching whichever is larger. Sometimes, FSM when biz is down, may give you for a limited time 0% sales charge.

p/s for the "hold your hand softly and gently, mollycuddly with you to walk together-gether along the investment minefield" package, the 3%and 1.5% can be negotiated if you show how BIG your cheque amount.



Xuzen

Hi sifu Sekalian, I've been following this thread for a while and intend to invest soon. Considering I'm looking  at overseas funds, would the current exchange rate affect my investment directly meaning that I would stand to gain more if I invested when myr becomes stronger?

Titanic fund hit all time high NAV last Friday at 0.8896

And I'm starting to get pissed off with Aladdin fund...

Titans go up, YET Aladdin went down
Already many times I observed this phenomenon

Time to dump Aladdin? Any substitute to recommend?

oi salah la

RHB CMF only can invest in FDs, REPOs and bank deposits. BG and LCs takda la

And I'm starting to get pissed off with Aladdin fund...

Titans go up, YET Aladdin went down
Already many times I observed this phenomenon

Titanic fund hit all time high NAV last Friday at 0.8896

Titanic fund hit all time high NAV last Friday at 0.8896

Ini pasalah tak nak dengar cakap bang Algozen™...

p/s Have never recommend alladin before.

Xuzen

Thanks, this gives clearer picture now.

So can I conclude that iFast is for big player or someone do a lot of switching while FSM is for small player or someone rarely switch? I think it's good enough for me to start with FSM first.

Appreciate your kind explanation very much.

Your view is wrong. Big or ikan-bilis also can use IFast or / and FSM. It is not about big or small player.

IFast is like a full service fine dining restaurant with nicely dressed waiter serving you.

FSM is like a public food court... you sendiri order, bayar kat counter, ambil sudu / garpu pun sendiri... lepas makan, clear up your own piring / mangkuk. Understand?

Xuzen

No, it's the other way around.

Imagine this...

A shirt is worth USD100 then
U bought it by RM300 (USD1:RM3)

Now MYR WEAKENED
USD4.50:RM1

The shirt is still worth USD100
But in Ringgit, it is now worth RM450

Get your forex understanding right...

U want to buy foreign assets when Ringgit is strong
And u hope that Ringgit weakens AFTER u have already bought the foreign assets