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 eUT / POEMs / Phillip Mutual Berhad UT discussion, Coz' Fundsupermart not cheapo enuf'!

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TSxuzen
post Apr 18 2017, 10:02 AM, updated 5y ago

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Lai Lai Ramjade, specially for you....You now have a platform to talk about cheapo stuff!


TSxuzen
post Apr 20 2017, 11:05 AM

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When it comes to flipping property:

Lawyer fee is around 3% of the purchase price. Stamp duty is 3% Total = 6% sales charge.

When you sell, is another round of transaction cost, lawyer fee 3% = 3% exit fee or redemption fee.

Despite so high cost, nobody complain about flipping property wan ar? Strange hor? everyone happy happy pay for it.

UT I think is the only one that people want zero sales charge plus zero maintenance fee (zero platform / wrap fee) and still able to get it!

Strange but true.

rclxub.gif

Xuzen
TSxuzen
post Apr 20 2017, 11:06 AM

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QUOTE(xuzen @ Apr 20 2017, 11:05 AM)
When it comes to flipping property:

Lawyer fee is around 3% of the purchase price. Stamp duty is 3% Total = 6% sales charge.

When you sell, is another round of transaction cost, lawyer fee 3% = 3% exit fee or redemption fee.

Sell within short term kena RPGT somemore....

Despite so high transaction cost, nobody complain about flipping property wan ar? Strange hor? everyone happy happy pay for it.

UT I think is the only one that people want zero sales charge plus zero maintenance fee (zero platform / wrap fee) and still able to get it!

Strange but true.

rclxub.gif

Xuzen
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TSxuzen
post Apr 20 2017, 02:09 PM

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QUOTE(T231H @ Apr 20 2017, 01:36 PM)
hmm.gif if there are channels that are charging less for property flipping, then there will be complaints...
if there is only 1 online UT channel, then there is no comparison complaints
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What do you mean? I don't understand you lah!

Xuzen
TSxuzen
post May 17 2017, 09:58 PM

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I have said this before and I repeat:

1) FSM is a platform or a supermarket like Giant. They sell all sorts of products from all sort of vendors. In FSM case, the product offering are unit trust fund.

2) eUT main core business is Phillip Capital. They are a stock - broking firm first, UTMC (Unit Trust Management Company) second and unit trust distributor third. The Unit Trust Distribution business is more of a by-the-way business for them.

If you are in the industry, Phillip is strong for managing unit trust fund (private mandate), managed account and stock - broking (SG only).

That is why their emphasis will never be eUT.

Xuzen
TSxuzen
post Aug 1 2017, 03:12 PM

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QUOTE(puchongite @ Aug 1 2017, 12:51 PM)
I got a feeling that eUT is not something they want to promote, ie given a choice, they want to keep the customers within their other focus businesses. But if the customers are going to run away, then they can be kept in eUT.

What I say that ? In the recent Phillip Investment conference, they managed to pull together a huge crowd, but there is zero mention of eUT platform. They talked about Phillip managed Mutual Funds, Phillip Future, and other agent based businesses. But zero mention of eUT.
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Hear hear, I agree. The eUT is like something by-the-way kind of biz for them. I suppose they make more money doing asset management for client than being just a supermarket / platform for client.

By being the fund manager, they charge 1.5% of NAV, whereas as a platform, they only charge 0.1X%, which is one-tenth of the former.

Xuzen


TSxuzen
post Aug 29 2017, 07:23 PM

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QUOTE(MUM @ Aug 29 2017, 06:49 PM)
hmm.gif geeee, after viewing their T & C,...
if under RM 5000, the other competitor on line platform offer better deal.
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Ikan bilis investors.... lai lai go FSM, there they sayang - sayang sama u.

Xuzen
TSxuzen
post Nov 15 2017, 02:26 PM

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QUOTE(akky @ Nov 15 2017, 01:49 PM)
Just wondering, this thread is rather quiet compare to FSM.
Is there any reason? haha

I personally have an account in eUT and just started my investment, hoping to get more experience sharing here.
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For trading strategies and more in-depth discussion, head over to FSM.

Over here discussion is mainly concentrated on tactical especially on how to minimize trading cost.

Both side of discussion are important.

Xuzen

This post has been edited by xuzen: Nov 15 2017, 02:26 PM
TSxuzen
post Nov 25 2017, 12:20 PM

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QUOTE(Reozen @ Nov 24 2017, 02:10 AM)
What's the difference for eUT(POEM) and FSM? Pros and cons please TQ
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One is for people who wants to save some transaction cost and DIY.

The other is for people who wants to save MORE transaction cost and DIY.

Xuzen
TSxuzen
post Jan 30 2018, 11:21 AM

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QUOTE(i1899 @ Jan 29 2018, 04:56 PM)
Dont think the FREE intra switching is a human error; free intra switching is a common practice nowadays.

Not like public mutual, which clearly differentiate the "loaded units" (initially bought with 5% sale charge) and "unloaded unit". Switching towards EQ fund of unloaded units will be charged accordingly.  ( it was like this N years ago, i hope the system is not changed)
Not like FSM, switching is offset by credit system.

In eUT, no way to track the fund in MMF is fund switched from equity fund (loaded units)/ fresh fund (unloaded unit). As long as it is intra switching, then it is without any sales charges.
Therefore, it is possible to buy equity fund under eastspring/ kenanga/ phillip/ am investment/ (some more?) without any sales charge any time any amount.  devil.gif  until they implement a new system to cover the hole.

not need to wait for the promotion.
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So, it is like if you want to buy Eastspring Small Cap at zero sales charge, then first place it in Eastspring Bond, then switch to ESSCF.

Betul or not?

Xuzen

TSxuzen
post Aug 29 2018, 12:47 PM

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QUOTE(Jitty @ Aug 29 2018, 12:21 PM)
Any good fund to buy lately?
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Depend on how lucky you feel...

Wanna try Interpac Dana Safi ?
TSxuzen
post Aug 30 2018, 02:01 PM

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QUOTE(fairylord @ Aug 29 2018, 09:36 PM)
So IDS price is low to entry?
How about other fund that's look stable to you guys?
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oops, just realized that some of you did not catch my sarcasm w.r.t. IDS.

Nice guy answer: According to my analysis using a multi-matrix algorithm styled computational pedagological approach, there has not been a BUY call with regards to IDS,

Kopitiam / fish market style: T1U IDS. Kanasai, this fund is kowpehkowbu si peh chiak sai lau sai kanasai fund.

Xuzen



This post has been edited by xuzen: Aug 30 2018, 02:06 PM
TSxuzen
post Aug 30 2018, 02:07 PM

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QUOTE(fairylord @ Aug 29 2018, 09:36 PM)
So IDS price is low to entry?
How about other fund that's look stable to you guys?
*
oops, just realized that some of you did not catch my sarcasm w.r.t. IDS.

Nice guy answer: According to my analysis using a multi-matrix algorithm styled computational pedagological approach, there has not been a BUY call with regards to IDS,

Kopitiam / fish market style: T1U IDS. Kanasai, this fund is kowpehkowbu si peh chiak sai lau sai kanasai fund.

Xuzen


TSxuzen
post Aug 30 2018, 02:07 PM

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QUOTE(fairylord @ Aug 29 2018, 09:36 PM)
So IDS price is low to entry?
How about other fund that's look stable to you guys?
*
oops, just realized that some of you did not catch my sarcasm w.r.t. IDS.

Nice guy answer: According to my analysis using a multi-matrix algorithm styled computational pedagological approach, there has not been a BUY call with regards to IDS,

Kopitiam / fish market style: T1U IDS. Kanasai, this fund is kowpehkowbu si peh chiak sai lau sai kanasai fund.

Xuzen


TSxuzen
post Aug 30 2018, 03:54 PM

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QUOTE(Sumofwhich @ Aug 30 2018, 02:37 PM)
^ First blood, Double kill, Triple kill laugh.gif
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Mobile Legend: Bang bang LOL!
TSxuzen
post Sep 1 2018, 11:53 AM

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QUOTE(fairylord @ Aug 30 2018, 07:05 PM)
Must be very jialat that why you need emphasize 3 times in 3 posts. Haha
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No lar....

bad internet connection. Putus - putus.

That is why ter"klik" tiga kali. Posted 3 times in a row.

Xuzen
TSxuzen
post Apr 22 2019, 02:55 PM

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QUOTE(fruitie @ Apr 22 2019, 08:44 AM)
Phillip Mutual is not PIDM protected right? Though my amount is not much but still... hmm.gif
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PIDM is only applicable to savings and insurance product only.

Pure investment products, you tanggung the risk yourself.
TSxuzen
post Jul 27 2020, 02:47 PM

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QUOTE(majorarmstrong @ Jul 25 2020, 02:58 PM)
MONDAY I bought wrong fund
Orang tua tengok salah
So I put 1k inside
Then realize Thursday when reflect I do switch la since zero fee ma
During switch on Thursday night the value was 1001.23
Then Friday night I check how come the fund still there I tekan switch lagi I thought I forget to confirm the switch on Thursday still go through
So today I check itu fund lagi Ada and price went up to 1017.56
So I this time check transaction and confirm that I actually executed 2 order
Question 1 - Ada problem ka since I perform duplicate transactions?
Question 2 - so when switch effective it will take the order date price or will take the actual day the switch actually happen?
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Old man, like this dangerous wor... better pay extra for agent to help you. If screw up pun, can kow-peh-kow-bu ( hokkien lingo for scolding M*th3rf3ck3* ) someone else and let go steam. If self screw up, scold siapa? rclxs0.gif

TSxuzen
post Oct 1 2020, 09:37 PM

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QUOTE(GrumpyNooby @ Oct 1 2020, 08:40 PM)
Seems like every month also got. sweat.gif
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Sudah macam Lazada & Shopee; 8.8 then 9.9 after that 10.10, followed by 11.11 and finally 12.12. After repeat 1.1, 2.2. and so on and so forth.
TSxuzen
post Oct 19 2020, 03:38 PM

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QUOTE(NeonForce @ Oct 15 2020, 06:21 PM)
Actually I am wondering, what they (Phillips Mutual) earn from this platform when people transact 0% sales charge funds? Or am I not seeing the bigger picture here lol
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Trailer fee.

Let us assume Phillips has RM 1Billion of asset park under their account. The trailer fee is around 0.25% p.a, that will give Phillip RM 1,000,000,000 x 2.5/100 = RM 25M income per annum.

It is a volume game. Hence they don't mind forgoing the one off sales charge in exchange for long term business gain.

Xuzen


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