Just managed to talk to my girlfriend about pulling her money out of this endowment plan she was duped into buying with ocbc.

she told the banker she wants to maximize her savings and he told her they have a great investment plan. I went through the policy and found out its a endowment/life insurance plan.

she paid 10k for it and now if she takes out there's a penalty of 2k and every year she has to pay premium of 5.8k. total return doesn't even reach 4% annually with not guaranteed returns.

she took time to listen and instructed me to take the funds and asked me to manage her portfolio.

was thinking of 50% esther bond and 50% in rhb AIF.

but you do know we are talking about Ponzi 1.0 right where it's fund allocation is malaysia Philippines Singapore and etc

give her a returns of 7% pa....any extra you sapu into reserves fund.....any short of 7% you top up from the reserves fund....
if that is ok...then more leeway to "play" about with the portfolio.....

this is a combination of balance funds and not solely a bond fund which I replicated from a balance portfolio from fsm and fsm insurance.

maybe when her birthday comes I'll just top up a equity fund for her and turn it 50% bond, 25% balance and 25% equity.  no need to worry about birthday gifts anymore at the mall. hahahaha smart aye

what is kapcai or kapchai?

:thumbsup:  :thumbsup:

such brilliant plan, but already have currently in the form of Amanah Saham. not 7% pa lolz       

it looks like Libra Anita bond is starting to recover. hoping I don't jinx it

US market all time high..

https://secure.fundsupermart.com/fsm/#!/home
and we are still stuck with 2% and old interface. lol

Haven't you read the case of people posted here that they tried to use the ninja switching and ended up losing more money ? You are pretty much deluded to use the words "switching for free".

The credit system should only be use "by-the-way", ie if one is indeed wanting to switching from small cap to eastspring bond, then go ahead and earn some credit. But to "purposely" exploit it, hmmm, the result isn't always predictable due to the moving Nav prices during the various transaction dates.

On the otherhand, have you tried to look at how you could use the 0% SC of eUT to perform switching ?

You can practically move out your entire portfolio to totally different portfolio in 3 or 4 days without incurring any SC, across different fund managers and across bond and equity.

For example, you can't switch your entire investment in RHB AIF to Manulife India  or eastspring smallcap to ponzi 2.0, all in one move, 0 % SC !

Think about it, how about that ?

You need to be a bit more verbose. Your terse replies are always ambiguous. Which scheme loses 10 days and which loses more days ?

https://forum.lowyat.net/topic/4142101
just quoting from a post in kopitiam. will this affect any of you guys' sentiment in the long run? the thought of their trigger in january still spooks me about entering the dragon country.

Remember the great short circuit of dragon back in early 2016? China went from a industrial monster to a lizard. Soon after June it roared back to life.

China is too big too fail. Malaysia on the other hand

I can reject your statement by bringing Venezuela and Greece. Those failed spectacularly with bad governance and widespread corruption. that is what we are heading to if there is no check and balance.

No harm done I can come back later on while Bank rolling my money with other funds and countries.

There isn't any reason to keep on failing funds other than emotional attachment or patriotism. Since my sc has already been paid upfront I can just switch back EM to small cap after it recovers in a year or two or pump in more of my CMF inside kapchai.

am at ocbc now and apparently my girlfriend unknowingly purchased an endowment plan / life insurance but was told it was a savers plan JV with great eastern.

she paid a lump sum of 10k last year and in order to withdraw 8k from the policy she needs to pay another 5. 8k to get the 8k out.

fml. don't know why she didn't consult me last year on this. I know it's a little derailing but remember to be educated when investing your monies

add on.

she lapse the second year.

facepalm

if you want to use your credit points, you need to switch from eastspring small cap > eastspring bond (earn point),

then switch from eastspring bond > emerging market (use point) . if you have enough points , you do not need to pay for the sales charge .  --> wrong, intra switching is free , so can switch directly except for rhb (see below).

**correction intra fund house switching does not incur sales charge , only inter switching incur sales charges, which is where the ninja switching using credit point comes in.

if you switch direct eg, Eastspring smallcap > Eastspring emerging market , you'll be charge 2% or based on your tier discount, silver 1.75, gold 1.5 , platinum 1.25

for rhb funds you need to switch from rhb equity > rhb money market , rhb money market > other rhb equity funds , if you switch to other rhb funds other the rhb money market fund , you'll be charge rm25 switching fee

i think for rhb smart series, you can switch for free also, rhb smart treassure > rhb smart income (earn point) , rhb smart income > rhb smart treassure (earn point).

do note , each fund house has different minimum switching amount.

Yeah if it is browser, clear browser cookie will.

I could not login via the mobile app. Wiping cache for mobile app is not working. Have to wipe app data.

Quite terrible !

All time high again...

All time high refers to US market not Asia market.