QUOTE(contestchris @ Jan 30 2017, 01:44 PM)
Guys on FSM, if I switch from a Equity Fund > Cash Fund > Equity Fund, would it be "free" with the credits? Or do credits only apply intra-house? Like say I got from a CIMB Fund A to Cash Fund to TA Fund B, would I be charged SC or not?
I believed it's this way
Equity A > Bond A > Bond B > Equity B. That way only can earn credit.
QUOTE(skynode @ Jan 30 2017, 01:51 PM)
Dear All, I have a few legit questions.
1) If I already have funds in Public Mutual Berhad which are none of those listed on FSM, can I switch them to any of the ones in FSM? Or do I have to cash out then in again (which might not be the most economical way)?
2) For those who have experienced both, how does PMB compare to FSM in terms of long term net profitability?
2) What is your take on PRS? Apart from the RM1000 incentive from government, does it worth going long term VCA for PRS? Which is the best PRS fund available now on FSM?
Thank you.
1. Contact FSM saying you want to switch. Sell off your PM funds. Snap picture. Send it to FSM. FSM will let you buy in for free.
2. According to
dasecret, PM funds never even make it into the top 10 funds in terms of return compare to the other fund houses. So I think that is enough to prove where PM funds stand. Also, with PM, one straight away lose 5.5% for service charge. With FSM, one loses max 2% for service charge. If you are lucky, can get 0.5% service charge but of course don't look at the service charge promo by FSM.
3. Of course. Tax relief of up to RM3k/year until 2021. There are 3 PRS which are good
(i) Kenanga OnePRS Growth Fund feeds into Kenanga Growth Fund (MY sector)
(ii) CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C feeds into CIMB-Principal Asia Pacific Dynamic Income Fund
(iii) AmPRS - Asia Pacific REITs - Class D feeds into AmAsia Pacific REITs - Class B
Pick either one. People here favour (ii)/(iii)
QUOTE(fishman @ Jan 30 2017, 02:30 PM)
I have been reading up on this forum for a while now, trying to learn & absorb the knowledge & experience that u guys r so kind to share.
I have prev invested in UTF via an agent (a relative) & I pretty much let him tell me what to do. I had no knowledge at all about UTF & how it works, & i never bothered to learn it up. He said switch, I switched & those happened rather freq. When he decided not to be an agent, he asked me to withdraw & i did. I made a profit of ~0.2%... after 3-4 yrs. 😓
The thing is, I am in my mid-40s. I have never been interested in financial stuff. M working in a MNC & felt as long as I have a job, I m OK. Then I realised that's not enough as I am not getting any younger. My time horizon is getting shorter & shorter.
So my regret is that I never took the initiative to learn & plan my financials much earlier... and I need to start now.
So I signed up with FSM a few weeks ago, and look fwd to be a "new" investor. I hope to learn from u guys, no matter your age or gender.
Thanks for all your past sharings & thanks in advance for all you future guidances.
Don't worry. You can learn everything you need to know by hanging out on this thread. No need to read textbooks.
That was how I learnt.
Jan 27 2017, 07:38 AM
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