I sense sarcasm.. anyway okay I'll definitely do some research. Gotta start saving early

Trust me he is the last person you'd think who would be sarcastic. I on the other hand feel it's strange that someone manages to make 100k and yet be okay to be spoon fed

It's just money from my parents. I'm 21.

the start saving early do you mean saving on sales charges?

I worry for you. I would strongly you advise you pass this big sum of money to a licensed financial planner.

Ya Im searching for a LFP currently.

Try Xuzen

May I know what Algozen is and where to access it?

go desktop website for this thread >>>> find xuzen's post>>>> tap on show post only by this member>>> scroll through alogen version 4.0

Thank you!

Interesting indeed. Epf employer contribution max out at 19%. Anything more is considered as income. You got any additional investment advice?

Talking about me? Been busy la

Anyway, one has to know the pattern of AH funds, especially for this quantum, volatility is higher and follow MY market trend more than Asia pac. I'm still keeping the fund, until teng Chee wai leaves I guess

P/s: u shd summon the fella who laugh at me for not buying more when the fund announced softclose. That time NAV was about all time high

Nothing much more to say without repeating myself...

There's this guy I knew... his company's epf contribution is 19% (maybe 18%, not too sure), his own contribution is 15% - so it is one third of his gross salary into epf without fail for every month of his working life.

One of the major withdrawal out of epf is for purchasing a house. Which he don't need to do so, since his wife is a civil servant and they have low housing loan from her employer. So his epf will be running into a couple of millions or so...

What I'm trying to say here is that there is no fixed formula or financial advice that suits everyone... that even if we are gainfully employed with excess savings to invest into ut funds, we are still invididuals with diverse and different social backgrounds and financial means.

Even if we have the same take-home-pay and similar expenditures, there could be differences in our epf contributions, or working in a job that draws a pension; hence not every advices or ideas we read is of value to us.

Broadly speaking, investors in UT funds can be broken down into 3 segments or stages: the beginning stage (age 20-45), the mid stage (age 45-55) and the retired stage (age 55 and above). The ages are rough ball-park numbers, don't look at them too specifically.

All 3 stages would look at their investments differently, as their financial objectives and the length of their investments would be different. I have written more on this 3-stages in the Public Mutual thread, please read them there if you are still not bored by this post by now!

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Unthinkable! Who would dare to laff at our CFO?

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For the record, that post on bringing forward any planned purchases before the closing deadline was posted a few days after the closing date. Not "when the fund announced softclose" as claimed above.

It was purposely posted a few days after the closing date as it was a general viewpoint on closing funds without tying it to any specific fund; to avoid any misunderstandings that the fund or any other fund was recommended.

In short, that post was on the opnion that it is better to top-up when it is still possible to do so. Softclose does not means you cannot sell. You can top up first before it closes... later trim it back, if needed to do so.

Cheers.

===========

The future's so bright, i gotta wear shades.

Noobie to UTF? Clueless? Blur - blur?

Never fear for FSM Managed portfolio is here to save your skinny Ars3!

Let the robots or A.I. manage your money. Sit back, relax, watch Netflix with your fav cuppa.

Dump your MYR 100K into FSM robo advisory managed port.



Xuzen

This post has been edited by xuzen: Aug 24 2017, 12:04 PM

That is Algozen™ ver four to you, buster!

Algozen™ ver four is the fourth iteration of an algorithm programming to select the best risk adjusted portfolio of UTF given the level of return desired based on the Modern Portfolio Theory narrative. The author of the program is Xuzen.

This post has been edited by xuzen: Aug 24 2017, 11:49 AM

Busy? At this time of the year? I thought C.A. are only busy during the June / July mth when people / company are rushing to submit their tax return and end of the year (Dec) when company need to close their books for the financial year.

I thought during this time of the year C.A. would be in Milan , HK, Beijing shopping for their latest LV or Channels "pau-pau".

Xuzen

This post has been edited by xuzen: Aug 24 2017, 11:54 AM

My role is a bit different. Anyway cannot say too much, quite easily would give away my identity if ppl bother to look it up

Auditors don't get paid enough to buy anything they fancy yet, especially if haven't make partner

Ive checked eUTittrust: seems like they are charging 2%, meaning to say FSM is still cheaper yeah? Unless eUT have promos..?

https://forum.lowyat.net/topic/4268975/+120#entry86109483

Interesting read:

Market Crash sudah mari atau belum?