Pai - seh , pai - seh , I gave you a wrong impression . I am exposed to HK & China stock - market through AMReits and RHB AIF .

Xuzen

Okay that sounds like CONSISTENT with your preferred risk profile.

I

With CIMB it is MYR 10K divided by [ 1 + 6.5 / 100 ] = MYR 9,389.67 capital after deducting sales charge. Sales charge = 10,000 less 9,289.67 = MYR 610.33 .


With FSM it is MYR 10K divided by [ 1 + 1.75 / 100 ] = MYR 9,828.01 capital after deducting sales charge. Sales charge = 10,000 less 9,828.01 = MYR 171.99 .

Note the massive difference in sales charge deducted .

Xuzen

The actual calculation could more elaborate if GST must be added to SC.

The article says the ringgit gained strength due to renew interest in Malaysian government bonds.

http://www.theedgemarkets.com/article/430-...-economists-say

dont have to waste 650 to just meet a hot rm lol.


Just walk into and say that you want to open a Preferred Banking Account with CIMB and they would run towards you

Key words here is that you dont have to actually open one but just express a certain degree of interest

Thank you for the straightforward reply. And yes, the difference is massive! No wonder FSM is so recommended.

For CIMB , the GST is MYR 36.62 to be further deducted from the initial capital outlay.

For FSM , the GST is MYR 10.32 to be further deducted from the initial capital outlay.

Another satisfied customer who likes Mee Maggi: Cepat dimasak , sedap dimakan™ style of answer !

Take note that this is what heppens when you take cut away the middlemen. But you need to do a little more work to DIY your pwn form filling and research lar !

Xuzen

This post has been edited by xuzen: May 15 2017, 06:35 PM

And that's only 10k.. imagine if it was 100k or more

Apparently this can't be done at the moment

Your wife company is in Penang? It starts with I?

Correct LOL Should have change the percentage to make it less obvious

Even though you change the %, I can also guess from it.

For argument sake I think it is near but not exact.

The investible amount is 10k / ( 1 + 6.5 / 100 * 1.06 ) = 9355.41

The SC payable to Cimb is 9355.41 * 0.065 = 608.10

The GST payable government is 608.10 * 0 .06 = 36.49

Check sum = 9355.41 + 608.10 + 36.49 = 10k

Satisfied indeed! It's the kind of answer that this forum needs.

I'm just starting my journey into investment. Looking into a more "set it and forget it" style of investment, hence the need of wanting to keep my fees low.

just how long does this forget it be?

dunno if this was mention before, CIMB Asia Pacific Dynamic Income Fund aka ponzi 2 is available under the epf approve list since apr, now both "ponzi" fund can be purchased using EPF although ponzi 1 @ HAQF is soft close for now.

Thanks for this. Didn't know about this. Good stuff. Contribute EPF for income tax > use money to buy ponzi 1 & 2. Double win

Sorry, to be precise I don't mean set it and forget about it forever. What I mean is that I only intend to check up on my investments once every 6 months to do rebalancing.

a shoutout to all the contributors in this thread, a lot of selfless advice and help as I've read through the bulk of this thread. Good job!

A few pages back I mentioned that I decided to invest heavily into UT. The following are just some of my thoughts after a week of reading. I'm currently in the legal line but I was also did a few finance subjects during uni, so going through the various funds, reports and analysis did bring back a lot of fond memories.

The below are just thoughts, and not opinions. It represents what I do take into account before plunging into UT.

Thought #1
"Be fearful when everybody is greedy"
We have seen the market shooting up to record highs in the past few weeks. Valuations appear to be sky high at the moment. One thing I have to learn is how to read valuations properly and make my own assessment. I ask myself, why am I entering the market now? Is this a herd mentality?

Thought #2
"It was always a record high, until it is repeatedly surpassed"
This is probably an issue of timing the market. Again having some fundamentals to properly value the market is important.

Thought #3
There are a lot of concerning geopolitical issues in the world right now. These are your europe elections, North Korea factor, Trump factor, China shrinking factor, India factor, technology industry. Some lessons on accurately differentiating from puffery from real solid data is needed. This probably involves individual stocks rather than UT as a whole. However I guess fund managers track record and characteristic then becomes important. Is he/she someone who only chases short term gains or long term goals.

Based on the above, I've decided to split my investment half. Half into UT and half into purchasing below market value properties.

From half my UT, I will enter into UT in a staggered manner to continually monitor the issues highlighted in Thought #3. Probably 40-50% first then the rest in 10% increments.

My investment horizon is 10 years, and target is 8% per annum. I have confidence in Malaysian market so I've allocated slightly higher. I have less interest in other emerging markets as I just do not trust these places.

My proposed fund allocation is as follows:
35% AH Select Bonds
15% libra dividendextra
10% AH select dividend
10% Interpac dana safi
10% Manulife india
10% TA global tech
10% CIMB AP dynamic income

This post has been edited by kingz113: May 16 2017, 10:23 AM