thanks for all the sharings here, very comprehensive !!
i m still not into UT for few reasons below :
1. Before u ever make money , u already start paying the agent , fund managers money.
2. u trust them for earning, when it gains , they earn n u earn less , when it lose , u lose.
3. when u gain n wanto sell , u lose a bit again .

unless the fund is really performing , yes , u gain , but risk still on ur shoulder.
i see a lot of frens now telling NOW is the time to invest , don't wait ...of course , bull is running .

i could be wrong, just my 2cents for not putting money in UT yet...

IMHO, Benchmark against US Stock symbol of EWM is even better.

Dreamer

The bull has run for 2-3 years already and your friends tell you now the time to invest?
I am not saying the bull won't continue to run or will run even higher but one needs to access the situation and valuation of stock currently before investing.

One thing for sure even fund managers and professional analysts are agree is that current stock price is not dirt cheap but whether it is expensive or not it is a bit hard to tell since it depends how the future economy unfold. If the future economy deteoriate then current stock price is surely a bit expensive but if future economy still remains robust then current stock price is fairly valued and has some potential to go depends on sector.

Actually global economy is somehow like at the cross road especially inflation still remains stubborn and still not showing sign of cooling down.

This post has been edited by cherroy: Apr 24 2007, 11:04 AM

can i know how to withdraw the money 1 in future?

need to show any document to public mutual company?

Just show your I/C. Their system shows everything. No hassle in redemption of units ..very fast and efficient.

Showing your IC and sign the redeemption form, then you can get the cheque around 1 week time. If you buy the funds using direct debit from your saving account, then when you sell, the money will be credited into your saving account automatically.

This is my experience with OSKUOB...

deadalus

RESPECT to u!!u could explain and justify eveything in only one thread..thumbs up bro.. i am sure someone outside there doing this much find so much trouble explaining all details especially the pros n cons

good effort bro

nice thread

Hi guys,

I'm a newbie too when it comes to investing. What kind of advice would you give to me when it comes to investing? I just couldn't make it my mind. Approaching 30 soon so I don't want to waste more time anymore. Trying to retire early or to have some kind of passive income to sustain myself in a long run. Thank you in advance.

Cheers,
Max

If you think the 5-7% initial service charge is too high for equity funds, you can always consider bond funds. A bond fund initial service charge is ~0.25% only. The risk is lower than equity funds, and of course the long term return is lower too.

In fact, if you think the stock market is too high now, the potential to grow higher is v limited and still wish to make more return than the 3.7% FD rate, then bond fund could be a good option.

ya, still back to the basic -> there is no free lunch in this world...

dun wan higher admin fees, then suffer lower return too

http://www.fidelity.co.uk/cgi-bin/direct/i...cgi?sid=0386454

Just an example above but a 5 - 7 % management fee is basically a rip off.

<<dun wan higher admin fees, then suffer lower return too >>

This is a bunch of BS. Even now, I can buy my blue chip stock if I want to and enjoy annual dividend yield of 6% plus possibility of capital appreciation. And, I do not have to pay admin fee to anyone. And, the risk level is MUCH MUCH lower than your bond fund

I am not doing this now because I believe the stock market will crash and I can pick up this stock at better price.

<<there is no free lunch in this world...>>

This statement is true. If people do not to learn and study about investment, they will lose their money easily.

As I usually said, if you do not want to learn, stay in FD.

Dreamer

i dont get the point of the fidelity fund that you are quoting. The fund charge 1.5% management fee p.a and an initial cost of 7%. More or less similar to those in Malaysia.

As for the ISA discount, i guess it is some sort of tax relief thingy implement by uk government to encourage people to invest.

The charges from Malaysian Unit Trust may seems relatively high at the moment, but when the industry growth, chances are the cost will eventually more affordable.


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I've audited Public Ittikal Fund & Public Balanced Bond fund. I can say the trustee fee and management fee really suck out a lot of money from the fund!

As part of Securities Commision requirement, a trustee must be assigned to scrutinize the activity of the fund manager and a trustee fee of 0.07% is chargeable on the fund's NAV. And it is payable to a 3rd party trustee that not related to fund manager. (i.e Amanah Raya Bhd)

In Public Ittika case, the NAV is around RM 1.5B (as at 31/3), the trustee fee= RM 1.5B x 0.07% = ~1mil.

However the actual trustee will be RM 450k. (SC regulated that a min fee of RM 18k and max of RM 450k is chargeable on NAV)

As for the 1.5% management fee, it is a norm for the industry.

hi chess_gal, can you share your audited information with me? i want to see actually how good unit trusts are.

or maybe can share with us all. post it here, so we all can see if UTs are actually good or not

This post has been edited by ivmaniacvi: Jun 21 2007, 12:40 AM

Hi there,

It's just a random fund I picked to demonstrate that management fees can go lower and a lot of unit trust in Malaysia is basically ripping people off. There are lower funds (i.e. index fund) that offers basically <0.5% management fee although sadly, I haven't come across one in Malaysia.

I dislike the idea of management fee because the higher it is, the more unfavourable it becomes in the long run.

Also FYI, ISA - Individual Savings Account. It's a tax free wrapper which means you can buy your fund via ISA and not get taxed for your earnings. The current limit is either Mini ISA - �3000 or Maxi ISA - �7000 annually.

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Added on June 21, 2007, 2:57 amHi there,

It's just a random fund I picked to demonstrate that management fees can go lower and a lot of unit trust in Malaysia is basically ripping people off. There are lower funds (i.e. index fund) that offers basically <0.5% management fee although sadly, I haven't come across one in Malaysia.

I dislike the idea of management fee because the higher it is, the more unfavourable it becomes in the long run.

Also FYI, ISA - Individual Savings Account. It's a tax free wrapper which means you can buy your fund via ISA and not get taxed for your earnings. The current limit is either Mini ISA - �3000 or Maxi ISA - �7000 annually.

This post has been edited by Geminist: Jun 21 2007, 02:57 AM

deadalus,
i'm 35 years old normal guy and plan to save/invest rm 1.5k a month on unit trust.
could you tell me which fund(syariah based) is the best and suit me for long term investment like epf.i already invest some of my saving into asb and no more epf for me......working overseas maa.

Hi dreamer,

I am a noob in investing but is putting the money in FD really good? The fact that people say about FD is very secure is a thing of past. Look at Barings Bank itself and how the people who put their hard-earned money there. Correct me if i'm wrong, I heard that our government will only guarantee a certain limit of money in the bank if the bank collapsed. Just my 2 cents.

Regards,
Max