I couldn't register my SMS OTP through my PC. Anyone here had the same problem?

Contacted FSM but they have no clue as well!

Quite hard to time the market though..

hi, tat day i went to bank for FD and suddenly a guy came to approach me and introduce me unit trust, he asked to buy a fund and he said management fee is only 3%.

is that 3% consider high? can i buy fund myself instead of through agent? if i buy myself need management fee?

very high. we here 1.75% max. min 0.5%

lari. don't wait.

haha.


tbh, trust your gut. with so many negatively flying around.... I think stay away for a while will be better.

actually how is the management fee works? sorry new here. if i put 20k to buy a fund means the agent will suck 3% of 20k? remaining to buy the fund?

and the 3% is charged every year? or every time i buy a fund?

so if my fund return 4% profit after 1st year eventually i earn 1% only?

This post has been edited by lavenzo: Jan 11 2019, 04:43 PM

correct expt the 3% is only 1 time.

Are you sure that he said management fee? I think that agents only talk about sales charge which is a one time thing. Normally, agents or banks charges up to 5.5% of sales charges (depending on the TnC of the fund). The sales charges gives the commission to your agent. So, if it's 3% of sales charge, maybe it's a promotion? Only online platform like FSM and eunittrust charges cheaper. Only sales charges is not taken into account in your fund's return.

For the annual management fee of the fund, the money is taken on daily basis (working days). If the management fee is 1 % per year and you hold 20k of the fund, then everyday, you'll get charged 1%/365 X 20k. You don't normally notice money being taken out as your fund value fluctuate also with the market sentiment.

The fund's return already taken into account all the fees like management fee, trustee fee, etc. If it's 4%, then you get 4%.

oh? but the msg he sent me indeed stated:

Management fee is only 3%, no exit fee

like that.

I think usually bond find type. If EQ, sire above 3%

better put in FSM, 0%

just noticed, many (most of) Equities funds are displaying 0.8% SC..

It should since today is their annual event for Penang.
Next weekend will be for KL.

Who's at the Penang event?
Do share anything interesting from there ...

Some of the fund house briefing about outlook of china,india,japan market. Other almost same story, trade war, brexit, fed rate etc.

thanks for providing some info from the seminar....

btw,...any mention of potential region/countries with big upside this year? (less influenced by the same story, trade war, brexit, fed rate etc.)?

should be india? since it was the least affected by those same old story

Then india mkt is not as beaten down as the other region....thus to many...it is not at discounts when compared with other beaten down countries/regions

The uncertain of india is Modi and his team will face election this year, but india gov has taking 3 steps like opening bank account for their people, to make all things on record, increase gov income etc, so according to the presenter of the fund house, india outlook is good

Is is because the thread is being pinned up or what?
The number of posts have been decreased a lot? Like poor response!

most probably due to the info posted by regulars on the markets, funds and portfolio performances for the past many months.......some got burned, some regretted, some realised that UT is not their cup of tea, some realigned their risk appetite to other less volatile investment, some suggested going to ASNB FP funds/FD and etc etc....

luckily no one openly mentioned UT cheats (like before)