Great ! Which fund house offer 0% S charge ? Tks.

Tks Bro.

.

I had a very BAD experience with my advisor. In April 2020, I lost about 24K in paper ( my investment value was about 160K, after 10 years
of investment thru EPF account investment ). I know nuts about mutual fund and never monitor my investment at all during that 10 years.
It was like giving the money to my advisor and he play the game totally. I trust him and thinking that he will make some $ to me in MF.
Until 1 day ( in April 2020) my friend who is good in MF investment ( i think ) explained to me that my investments ( 5 funds ), which were
under performed for 3 consecutive years ! OMG ! When i checked with my advisor he told me, up and down in MF is common, advised me to
do nothing and wait for market to rebound. ;( Immediately i sold all of them ( lost of 24K, of course main reason was due to Covid19 ! ) and
follow my friend's advise to buy Technology, Healthcare, AI funds. I start my own investment since May 2020 and now i recovered back my 24K
and still making profit now .
I must thank my friend who advised me to make the change.
and i am lucky that during the Pandemic, i can still made some money

Ya, me too ;(

Profits dropped pretty much, why ah ?

Any1 experienced this before on eUnittrust ?
Fund : Kenanga Global Dividend Fund.
Problem : Phillip Mutual reduced my profit due to transfer of acct from
different fund house. ( Kenanga to eUnittrust )
Reason : I cant do online redemption/ switching to other fund.

3 months ago, i requested to transfer all my amount from EPF acct (1000xxxxx)
to cash acct ( 9000xxxx ). I received a Transaction Advised Slip from Kenanga Investors Berhad showing the details as below :
Date : 27/10/2020
Total unit transferred : 27,119.12
NAV : 0.5681
Market value : 15,406.37

When the amount successfully transferred to my Cash Acct in eUnittrust, the market value dropped ( why not follow the amount that was transferred out by Kenanga ?) from RM 15,406.37 to RM 15,000.00

Any1 can enlighten me why the market value dropped for the above situation ? I am not very convinced from their reply.


TQVM.





** replied by Phillip Mutual **
Please be informed that the transfer amount RM15,000.00 is your principal while your market value is RM15,528.41 (RM528.41 is unrealised profit) as per our image.

You have redeem 17,000 units amount RM9,350 on 30/10/2020. You balance units is 10,119.12 and balance Principal is (RM15,000- rm9,350) RM5,650.

On 10/11/2020 you have top up your investment RM1,300 after 1.50% sales charge nett investment is RM1,280.79 units 2,124.73 at price 0.6028.

Subsequent investment on 10/11/2020

RM1,280.79 / 0.6028 = 2,124.73 units

Latest market value 2,124.73 units x 0.6239 (latest price) = RM1,325.61

RM1,325.61 - Principal RM1,280.79 = RM44.82 (unrealised profit)

Balance units before subsequent

10,119.12 units x 0.6239 (latest price) = RM6,313.31

RM6,313.31 – Principal RM5,650 = RM663.31 (unrealised profit)

Your enquiry regarding the different RM406 is unrealised profit as at current price.

Due to the price is up trend for this fund your unrealised profit is grow from RM406 to now RM663.31

Trust the above clarifies.

For further information, you can contact our customer service at 03-2783 0300 or email us at phillipmutual@poems.com.my.

Thank you.

Regards,

Phillip Mutual Berhad
B-2-7, Block B Level 2 Unit 7, Megan Avenue II
No. 12 Jln Yap Kwan Seng




Attached thumbnail(s)

Firstly, i apologize for posting to wrong thread.
The problem is everytime i call cust service, they never mentioned about switching, transfer or exit fees !!!
They keep on explaining that they are taking the average cost ( from my past few buy prices and divide equally ),
then only can transfer to my cash account.. It looks like they are not familiar to handle this case ;(

Still not satisfied with their answer, I am not buying / top up to the fund, right ?
Todate, they have sent 2 emails to me and keep on explaining how they calculate the average NAV, feuh......

My total holding units ( 27,119.12 ) during the request week ( before the transfer )was never changed. Meaning they took
NAV = 0.5531 in order to get the amount RM15,000.00.
Now, the NAV was never at 0.5531, 5 days before and after the transfer date ???
I feel like kena cheated ;( ;(
What do you think all the sifu here ?

Tks, bro.

I dont received any charges from eUnittrust after the transfer..

As shown in my attached doc, the processed date was 27/10/20..I believed transaction done on that day.

I dont understand why they want to use Average NAV, any Sifu can enlighten me ?

I tot whatever amount/ units that transfered out from Kenanga, the same nos will be credited to my cash Account,

Very confused ???

I bought the Kenanga fund thru I-Accout from EPF online.( EPF Platform )

I request the transfer simply because i want to cut/ redeem 50% of the fund ( Kenanga ) and use that amount to buy other new fund..
But as my fund was in EPF account ( Eunittrust, acct no - 1000xxxx ), I was not allow to do online redemption, unless i convert it to
eUnittrust Cash Acct. This conversion can only be done by going to their office and sign the hard copy forms.( to transfer total amount
from eUnittrust EPF acct to eUnittrust Cash Acct ) after approval and the money is successfully parked at eUnittrust Cash Acct,
then only I can do online redemption.

I went to eUnittrust office ( 19/10 or 20/10, cant remember the actual date )and filled up the transfer forms as requested.
after few days, when i see the money/ fund appeared in my eUnittrust Cash Acct, I performed online redemption immediately
without realizing there was a dropped in "Market Value"

Thats how the problem come in...Customer service try to explain to me about the unrealising profits,,
making me more confused

Tks Bro MUM,

I was having the same thought as you.,, waiting for the money RM 15,406.37 to be in.

BUT when it appeared in my Cash Acct, it was only RM 14,999.95 !!! ( again my mistake that did not check carefully )

This is the point why eUnittrust not giving me RM 15,406.37 ( which was transferred out and suppose to be transferred in !! )

Sorry for my stupid question

Yes, bro

This works very well for me newbie as you mentioned.

Even 1k will give you great investing experience. Up down up down,,,,roller coaster

Yes, everyday down bit by bit, at 10pm today the price is at 1798 ;(

Hoping it will rebound soon

Is it wise to invest more in Gold now ?? Buy low ?

I have invested 100k in FSM with 20 funds. Focus on Tech funds, AI, China and Gold. Currently with overall profit of 8% .
Is this healthy ?
Btw, I am new investor, need more advise from Sifu here

Btw, these my allocation for discussion purposes.

Need any improvement ?

All comments are welcome


Allocation.
■Asia ex Japan 2.84%
■US 10.03%
■China 16.17%
■Malaysia 0.56%
■Greater China 20.25%
■China India 6.55%
■Global 43.60%

I have been letting my RM to do the investing for almost 10 years and ended up 0 profit !!! due to Pandemic great lost ;( ;(

It is clearly a conflicts of interest in my case. I have a feeling he is chasing for his KPI

Right now i am doing DIY ( about 6 months now ) and quite happy with the returns

I only maintained 25% of my investment with RM. Ultimate goal will go for 100% DIY.

Still learning very hard on self-learning and paying tuition fees as well

Just 1 thing to check with Sifu here, having a same fund in 2 different fund platforms ( eg. FSM and eUnittrust )

is it advisable / wrong strategy ?


rgds.

Hi all, i attached my portfolio here for discussion, do i need to adjust any percentage ? Any possible improvement ? Tks.


Fund %
1 Affin Hwang Select AP (Ex Jpn) Balanced Fund - MYR 1.3
2 Affin Hwang World Series - Global Disruptive 5.5
3 Innovation Fund - MYR Hedged 15.0
4 AmChina A-Shares - MYR Hedged 5.3
5 Manulife China Equity Fund 6.2
6 Manulife Dragon Growth Fund - MYR Hedged 10.7
7 Manulife Investment Greater China Fund 1.2
8 Pheim Asia Ex-Japan Fund 1.2
9 PMB Shariah Growth Fund 10.8
10 Precious Metals Securities 6.0
11 RHB China India Dynamic Growth Fund 7.0
12 RHB Gold And General Fund 2.5
13 RHB Gold Fund - MYR 7.0
14 RHB Shariah China Focus Fund - MYR 6.2
15 RHB-GS US Equity Fund 3.5
16 TA Global Technology Fund 1.3
17 United Global Quality Equity Fund - MYR Hedged 3.2
18 United Global Technology Fund - MYR 2.3
19 United Global Technology Fund - MYR Hedged 1.3
20 United Golden Opportunity Fund - MYR Hedged 6.0

Sorry some typo mistake , will repost. SORRY....

Sorry, yesterday reached my daily post quota ( 3/day ) not able to update in time.. ;(

Here is the updated data, pls comment for improvement Tks.

At least 60% of my UT investment are recommendation funds from various fund houses. ( Ifast, eUnittrust, PMO, and FSM )
I this a safe way of investing ?

Tks bro TH,

Will do my reading