saw this in an old article.....

WHAT IS A BENEFICIARY ACCOUNT?

A Beneficiary Account is useful if you are planning separate portfolios for your children, parents, or other loved ones. The laws governing survivorship will apply here. In the event that any one person in the beneficiary account passes on, the assets of the account will belong to the surviving person.

The main applicant of a beneficiary account must be at least 18 years old and is primary operator and owner of all the accounts. The beneficiaries do not have rights over this account as long as main applicant are living. The main applicant is the main holder of this account, and instructions given to iFAST Capital Sdn. Bhd. from this main account holder will be deemed to be representative of the instructions of the beneficiary account holder as well. All correspondence will be sent to the main account name and address.

MUST I HAVE A PERSONAL ACCOUNT BEFORE OPENING A BENEFICIARY ACCOUNT?

No, it is not neccessary to own a personal account before opening a beneficiary account. Client may start by opening a beneficiary account first.

https://www.fundsupermart.com.my/main/resea...mas-Special-416

to be sure and have an uptodate legitimate answers.......try call FSM CS?

Current personal account holder in FSM can dominate inheritance? Or it will end up a floating money, need to claim from BNM?

The immediate benefit that i really like is you can track separate portfolios between main and beneficial account

I dont want my parents conservative portfolio to messing with my aggressive port, besides you can have clear cut of your money vs your beneficial money

Q: FOR BENEFICIARY ACCOUNT, WHAT HAPPENS WHEN THE MAIN APPLICANT HAS PASSED AWAY?

A:
In the event that the main applicant has passed away, the beneficiary holder (upon 18 years old) is required provide the documents as below to us.


1) Certified True Copy of the death cert
,
2) Identification Card or Passport which can prove the identity of the beneficiary holder,

3) Internal Transfer Instruction form (Download Here)

Upon receipt of the documents, we shall open a personal account for this beneficiary holder and then transfer all the holdings registered under the beneficiary account into the new account. Thereafter the beneficiary will have rights towards this holdings and he/she will be able to purchase, redeem or switch. The beneficiary can decide to liquidate the funds if he/she wishes to.

If the beneficiary is a minor (below 18 years old), then the surviving parent will automatically become the legal guardian. The legal guardian will be able to give instructions. If the beneficiary wants to keep the investments, then he/she has got to open a new account with existing parent as main applicant and minor as beneficiary and transfer the holdings from old account to the new one.

https://www.fundsupermart.com.my/main/faq/1...sed-Account-688

to be sure and have an uptodate legitimate answers.......try call FSM CS?

what I mean was the personal account what happen if holder deceased?

Q: WHAT HAPPEN TO THE ACCOUNT IF THE ACCOUNT HOLDER HAS PASSED AWAY ?

A:
If any person (usually family members) wish to withdraw the investment from the deceased account, Probate or Letter of Administration needs to be applied from the Court.

They will need to provide us with the documents below:


1) Certified True Copy of the death cert
,
2) Certified True Copy Letter of Probate (with will) or Letter of Administration (without will),

3) Identification Card or Passport which can prove the identity of the administrator,

4) Internal Transfer Instruction form (Download Here)
FSM shall pass the monies to the named person according to the instruction of Court. For account of deceased investors, no transactions can be done to it. As no withdrawal has been done to the investment, the deceased investor’s holding will be subjected to the daily market price fluctuation.

https://www.fundsupermart.com.my/main/faq/1...sed-Account-688

to be sure and have an uptodate legitimate answers.......try call FSM CS?

Edwin Lee is "Mai Fah, chan fah heong"

Meaning; promoting one's own product aka sales man talk. Which is nothing wrong, he is after all, just doing his job.

However, if you were to compare with other peer, CIMB Greater China and Eastspring Dinasti gave a better 3 year average return with lower std-deviation. The choice then becomes logical.

Xuzen

p/s my personal call is CIMB Greater China. It is on the FSM R-List for a long time. It is consistent on the performance list with above peer Sharpe value.

This post has been edited by xuzen: Aug 2 2017, 02:49 PM

You can stack & compare the performance using bloomberg as well.



Manulife Dragon Growth is < 1 yr old in FSM, but it is a feeder fund to Manulife Global Fund - Dragon Growth Fund (MNRIHKI:LX), which has >5 yr history. It haven't climbed to its 2015 peak yoi.

This post has been edited by i1899: Aug 2 2017, 12:02 PM

remember when attending talks or seminars, focus on the details that the FM provides like what they expect will happen to a specific market in the future. go back home and do a little reading or research.

then head into your fundsupermart comparison chart to find the best fund that invest in that particular market. you don't attend seminars to buy their funds. they are after all selling their funds to you

THANKS doc for the reminder before lunch.

That's why I want to look at data. Let data do the talking. Tks for the analysis.

I have heard his talk as well. Personally felt he didn't contribute much other than promoting his Dragon fund.

... and in the meantime holding cash waiting for the market to crash:

Top 5 Funds 1 Month
Fund Name %
Manulife Dragon Growth Fund - USD Class 8.45
Manulife Dragon Growth Fund -MYR Hedge 8.17
Eastspring Investments Dinasti Equity 7.66
RHB Big Cap China Enterprise Fund 7.41
Manulife Investment Greater China 7.22

Top 5 Funds 3 Month
Fund Name %
InterPac Dana Safi 25.96
InterPac Dynamic Equity Fund 21.71
Manulife Dragon Growth Fund - USD Class 16.95
Manulife Dragon Growth Fund -MYR Hedge 15.39
RHB Big Cap China Enterprise Fund 13.53

... others are laughing all the way to the bank.

This post has been edited by j.passing.by: Aug 2 2017, 01:25 PM

Totally agree with this statement.

I remember very distinctly the time during the market crash in 2008 and the subsequent massive falling out of the USD. Self proclaimed experts were going around bashing the USD like it was some sort of junk currency. The majority of comments that I read were saying how it is valueless, chinese yuan will replace the USD as the currency in favour etcetc. However, amidst these loud noises, there were some sane whispers by level headed analysts analysing that the USD were massively undervalued, so were numerous USA stocks and properties. Lo and behold, USD and USA stocks are once again hitting record highs. I myself profited from it as I went in scooping the low prices.

And so, a very similar situation today has occurred today in Malaysia. Despite the negative news with regards to 1MDB, the facts and numbers are clear that Malaysia's economy is on track for growth. And I totally agree with Xuzen that we get these "penglipulara2" who preaches their theory of "buying during crash"; but when we are at a crash, instead of practising what they preach, they want to exit the local market entirely

I remember very clearly the sentiment during the 2008 crash. It was all doom and gloom like today's situation in Malaysia. The regular people couldn't see a way out of it despite hard solid numbers proving otherwise. Yet, the market came out of it stronger than ever.

So my point is I'm not advocating for the Malaysian market. However to these penglipura2, just cut your crap with your theories. I myself am keeping my 20% position in Malaysia riding out this storm. Btw, I was an early bird in IDS with a ROI of 29% already. A very nice tidy profit indeed.

Many crouching tigers and hidden dragons.

Since my active participation on this LYN - FSM thread from 2013 to now; if each and every time a penglipulara sell us a doom and gloom narrative, I'd get a ringgit, I would be richer than the founder of JJPTR, Johnson Lee.

and proud ostriches

This reminds me a long long time ago when property brought better returns than equities and there were two camps of people , those who say that the property market bubble will burst and another camp who said property price will go up.

Never occurred to both parties that prices might be stagnant and the bubble size remains as it is which is happening now. I was the only one who had that view.

https://forum.lowyat.net/index.php?showtopi...post&p=64718062

This post has been edited by Drian: Aug 2 2017, 04:30 PM

you went head to head with jolokia? to be honest, it's gloom and doom there nowadays. i just go and check out for any recent news regarding property. these jokers keep waiting for the moment to go in makes me wonder if it even happens.

Can we get WRAP account too? Whats the requirement?

I dont think the playing field is fair. I think xuzen got more strategic and tactical advantage compare to us normal folk