My friend introduce to me this investment and i wondering is tgat good idea to join in ? can anyone explain me
About investment through bank, Public Bank Mutual guys come in
About investment through bank, Public Bank Mutual guys come in
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Mar 25 2017, 07:18 PM, updated 8y ago
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#1
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Junior Member
310 posts Joined: Oct 2016 |
My friend introduce to me this investment and i wondering is tgat good idea to join in ? can anyone explain me
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Mar 25 2017, 07:36 PM
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#2
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Junior Member
168 posts Joined: Nov 2004 |
You should read the book "The Little Book of Common Sense Investing by John Bogle"
When investing in mutual funds, you need to watch our for their fees. Even if they tell you that their fees is set by bank negara, it is way too high. If I am not wrong, the fees set by bank negara is 1.5% that means mutual funds will charge you 1.5% of total invested regardless if they make money or not. Also, if for example they make 7% profit, they will take 1.5% so effectively, you have 5.5% return. Over a long long run, this will have great impact on to total investment. |
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Mar 25 2017, 10:50 PM
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#3
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Junior Member
310 posts Joined: Oct 2016 |
QUOTE(Cheeky @ Mar 25 2017, 07:36 PM) You should read the book "The Little Book of Common Sense Investing by John Bogle" so you say its risk but there is good impact on total investment in the future correct?When investing in mutual funds, you need to watch our for their fees. Even if they tell you that their fees is set by bank negara, it is way too high. If I am not wrong, the fees set by bank negara is 1.5% that means mutual funds will charge you 1.5% of total invested regardless if they make money or not. Also, if for example they make 7% profit, they will take 1.5% so effectively, you have 5.5% return. Over a long long run, this will have great impact on to total investment. |
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Mar 26 2017, 12:03 AM
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#4
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Senior Member
628 posts Joined: Jul 2005 |
QUOTE(JokerNymous @ Mar 25 2017, 07:18 PM) My friend introduce to me this investment and i wondering is tgat good idea to join in ? can anyone explain me i invested 5k in public mutual china iktikal fund before during year 2008, value drop lower than my initial investment cost until year 2017 ....and last month I am proud to announce that I finally made profit and earn a hefty RM1xx.xx interest(after 8 years of investment) .....What do you think now? Do you still want to continue to invest? |
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Mar 26 2017, 12:44 AM
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#5
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Senior Member
5,408 posts Joined: Jun 2006 From: Cyberjaya, Shah Alam, Ipoh |
QUOTE(JokerNymous @ Mar 25 2017, 08:18 PM) My friend introduce to me this investment and i wondering is tgat good idea to join in ? can anyone explain me Public mitual use to be great circa 2008 meltdown....After that they are really woeful.... Suggest u to find eastspring, kenanga, cimb principle and rhb mutual funds agent instead |
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Mar 26 2017, 08:41 AM
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#6
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Junior Member
168 posts Joined: Nov 2004 |
QUOTE(JokerNymous @ Mar 25 2017, 10:50 PM) There is always risk in whatever you invest. I am saying watch out for the fees that they charge. Let's say you invest RM10000, the fees is RM150 per year (@1.5%). If you invest RM100000, then the fees is RM1500 per year. This is regardless if the fund you invested in is profitable or not. The fees make a really really big impact in the long run. You should select a fund with very very low fees (ideally <0.1%). Also there is no actively managed fund which is continuously profitable. There is no such thing as a fund manager that can continuously pick wining stocks for 5, 10, 20, 30 years. They may be lucky for a few years but if you look really long term, then you won't find such fund manager. https://www.fool.com/investing/2017/02/26/w...vestment-m.aspx |
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Mar 26 2017, 08:41 AM
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#7
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Junior Member
168 posts Joined: Nov 2004 |
QUOTE(JokerNymous @ Mar 25 2017, 10:50 PM) There is always risk in whatever you invest. I am saying watch out for the fees that they charge. Let's say you invest RM10000, the fees is RM150 per year (@1.5%). If you invest RM100000, then the fees is RM1500 per year. This is regardless if the fund you invested in is profitable or not. The fees make a really really big impact in the long run. You should select a fund with very very low fees (ideally <0.1%). Also there is no actively managed fund which is continuously profitable. There is no such thing as a fund manager that can continuously pick wining stocks for 5, 10, 20, 30 years. They may be lucky for a few years but if you look really long term, then you won't find such fund manager. https://www.fool.com/investing/2017/02/26/w...vestment-m.aspx |
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Mar 26 2017, 11:16 AM
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#8
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Junior Member
24 posts Joined: May 2013 |
not expert in finance in any way, but i invested abit in ASG via CIMB bank recently. 5 percent fees the first time, and so far they report returns around 4-7 percent dividend per year. may take a few years before returns cover your initial fees this one since under govt i assume quite stable la, put one lump sum let it sit at least 5 years. but you need to put at least one year to get the dividend, and they just gave out for 2016 recently...
another way, i just put abit of money aside monthly to public mutual via insurance agent. This post has been edited by Hammox: Mar 26 2017, 11:17 AM |
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Mar 26 2017, 03:36 PM
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#9
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310 posts Joined: Oct 2016 |
QUOTE(sonic_darkknight @ Mar 26 2017, 12:03 AM) i invested 5k in public mutual china iktikal fund before during year 2008, value drop lower than my initial investment cost until year 2017 ....and last month I am proud to announce that I finally made profit and earn a hefty RM1xx.xx interest(after 8 years of investment) .....What do you think now? Do you still want to continue to invest? do you invest yourself ? in which fund you invest ? or you just place you cash in bond ? |
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Mar 26 2017, 06:00 PM
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Senior Member
3,197 posts Joined: Mar 2007 From: Kuala Lumpur, Malaysia |
There is no substitute for investing on your own as you save on the fund management fees etc. It's not that difficult to do either, just read up online and practice. Mutual funds provide you an avenue for investment if you're too busy/lazy to invest on your own.
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Mar 27 2017, 09:47 AM
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#11
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926 posts Joined: Dec 2006 |
Markets are a bit high right now. If you want to go in, better play safe and not do a lump sum investment.
This post has been edited by thesoothsayer: Mar 27 2017, 09:47 AM |
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Mar 27 2017, 09:47 AM
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Senior Member
1,498 posts Joined: Nov 2012 |
https://forum.lowyat.net/index.php?showtopi...l=public+mutual
There's a thread dedicated to Public Mutual Funds, read from the back and you would see lots of people complaining. A cheaper but not cheapest alternative would be Fundsupermart >> https://forum.lowyat.net/topic/4193169 If you read the US centric literature/articles they would all suggest ETFs as the cheaper/cheapest alternative. But purely from Msia equity perspective, A LOT of mutual funds beat KLCI by miles; net of costs. So at the moment it's still better to buy Msia equity direct or buy unit trust than to buy index ETF |
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Mar 27 2017, 04:11 PM
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Junior Member
379 posts Joined: Mar 2006 |
you put the money in FD probably even better investment
or play money game better returns and better risks |
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Mar 27 2017, 04:32 PM
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310 posts Joined: Oct 2016 |
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Mar 27 2017, 04:39 PM
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379 posts Joined: Mar 2006 |
QUOTE(JokerNymous @ Mar 27 2017, 04:32 PM) did you hear that guy saying he got 100+ after 8 years investing?you come calculate for me that % also if you go play money game, one month they give u 20% u also make back how many years of mutual funds? you can reduce your risk by not putting that much in one game. |
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Mar 27 2017, 07:12 PM
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363 posts Joined: Dec 2006 |
I believe part of the investments goes towards insurance.
So, you might not get as much returns if it is a strictly investment scheme. But it is still ok to invest, especially if you don't have any insurance coverage at all. I did put in some money it all this insurance linked schemes. Just for some diversification. |
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Mar 28 2017, 12:17 PM
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897 posts Joined: Sep 2008 |
You need to assess your own risk profile. Can you accept if you lose money? If not then FD is your only choice.
Consult licensed financial planner/advisor. The proper one. They are licensed by BNM and SC. Not the self claimed financial/wealth planner like what most UT / Insurance agents claimed to be. Licensed financial planner will advise you which investment products to choose, after they assessed your investment and risk profle. |
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Mar 28 2017, 12:20 PM
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310 posts Joined: Oct 2016 |
QUOTE(ciahcra @ Mar 28 2017, 12:17 PM) You need to assess your own risk profile. Can you accept if you lose money? If not then FD is your only choice. but they told me i can play by my own and guide to teach me how to trade the money Consult licensed financial planner/advisor. The proper one. They are licensed by BNM and SC. Not the self claimed financial/wealth planner like what most UT / Insurance agents claimed to be. Licensed financial planner will advise you which investment products to choose, after they assessed your investment and risk profle. |
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Mar 28 2017, 12:27 PM
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310 posts Joined: Oct 2016 |
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Mar 28 2017, 02:07 PM
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310 posts Joined: Oct 2016 |
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