Bro I've posted on your loan thread and looking forward to your opinion/advice

other country different all i wan to know malaysia is how?

tagged

And I just replied. Hahaha

You say you don't charge a fee, would it be more correct to say fee is already built in, just that you don't disclose. Simply put it your clients are indirectly paying fees to you via the banks or insurance companies, that isn't transparent. Now for $100000 loan, how much % do you earn? Likewise with a $100000 insurance policy, how much % do you earn?

As I remember correctly, insurance agents earn a huge chuck of commissions aka fees from the premiums we pay. In the first 5 years, whatever premiums paid to insurance companies for so called savings / investment policies has minimum cash value and insurance agents commissions are about 20%-40% of the premiums we pay? Don't you think those fees are exorbitant and not transparent?

I believe I have an idea of how much you folks earn and how your fees are paid to you folks as I was recently at my insurance company's CS to check on my policies.

Again, no one in your line of work will do charity work and likewise with everyone else, there is a price to pay for services and products rendered. Do programmers work for free? Do lawyers work for free? Do accountants work for free? Do actors work for free? Do engineers work for free? And you expect fund houses to work for free?

And from the responses here asking about which UT funds to invest in, that clearly shows the lack of basic investment knowledge. And on advices to place funds with Public Mutual, that is another indication of herd mentality without doing any homework.

This had and always will be the golden question, and the answer will always be: "It depends....", meaning No Answer. Then how some can get so rich from investing? Because they are the 'some people', and you are you.

But as a general rule of thumb, the best investment IMHO, is the investment Against the Will to Spend. So long as you can save money, you already won half the battle, IF you can that is. And it really does not matter where you put your savings really, because it's the habit and not the channel that'll make you a millionaire.

But say you already have saved up to $100,000 what is the best channel or vehicle that'll grow your hard-earned money in the most effective and efficient way? Just keep it in the lowest risk area, the FD for example. But then you'll complain that the returns are too low, that even inflation will overtake the interest. Well, if you're a habitual saver, inflation won't affect you because you don't spend anyway.

But if you have say, $1m in the FD already, then maybe you have the option to consider a little bit of diversion of funds. Maybe you can do 20% in some high-risk area with high-return opportunities, maybe up to 20% PA. Maybe you'll want to go into the stock market, buy directly thru the bank, and monitor daily or weekly to see if you can make a quick buck thru capital gain, or maybe just wait for the dividends to be distributed. Then maybe you'll say you got no time to watch and wait, or no knowledge of the market, etc... so the next best option? Get a professional to manage your stocks, and one option then would be UT. But then you complain fee too high la, bla bla, bla...

Ok, then maybe property, everyone make money here right? Eeerr.. Wrong. Some do, some don't. So then you pop over to the LYN Property forum and check it out, only to find many many mixed opinions. Darn, back to square one. Where to invest?

Agar wood, forex, gold and silver, and what have you. Then maybe you hear about some individual holding the golden key to success...and you invest, and we read about you in the scam forum.

Truth is, there is no quick buck unless you're damn lucky. And if lucky is you, you'd have already won the $20m jackpot with just $3 upfront.

Net net, just save your money first, and keep it near.

Thanks for sending me a PM, would read it tonight and would get back to you.

Unit trust fund is good for people who cannot stand the risk and stress investing in the market. So it will normally charge premium fee, so far Ayam is not very comfortable with many fund performance, some may even loss money by a big margin.

As you put it, only the ignorant would actually think that anyone would be doing work for charity. I never tried to hide the fact that I am getting paid indirectly, as written above. Can you read? At this point though, I am not sure what is your intent - you can guess what I am making all you want.

Anyone who has a basic comprehension can read the policies and get a good idea of what the agents are making, it doesn't make you any special. Hint: it's on page 4, 5, or 6. Just look up the "insurance charge" or "wakallah fees"

Again, only someone so naive would even begin to assume that anyone would even work for free, not in this line at least, and to have someone like you even mentioning about it says a lot about you eh?

I explained in another thread before why US index funds (passive funds) outperform active funds. See attachment.

Don't expect passive funds in other countries to perform equally. This is because the 'More money flows into index funds' step is missing.

And, in the U.S., this kind of loopback is creating a bubble.


Attached thumbnail(s)

You started this thread about fees unit trust funds charge and you stated that you do not charge any fee. Can you share with us how a unit trust agent charge fees? Do they bill the client for the their fees? I doubt so, and you do the same when you close a loan agreement or insurance policy.

So what is the difference between how an unit trust agent charge fees and how you charge fees? In reality, both of you charge a fee and are paid by the company you work for via commissions, yet you claim you don't charge a fee.

Since you brought about insurance charge, I did a bit of reading, and I must say you earn big money, earning a whopping 110% to 171% of premiums paid for those policies. No wonder insurance policies hardly have any cash value in the first 10 years. For the same total of $429k invested in unit trust at 5.5% service charge is only $23595 whereas in insurance is it $100601. Isn't your hidden fees exorbitant?



http://www.thestar.com.my/business/busines...n-line-with-ot/

Damn, I should be smart like you rather than being stuck in a 9-5.

you do have reading comprehension problems don't you?

1. I do not sell any investment products, ASB, UT, ETF, whatever you call it, I do not.

2. When I said I do not charge any fees, that was a reply to someone asking about mortgages, which is a liability and not an investment. He went out of topic because if you do not know about it yet, financing and investments are 2 different things

You wrote all that wall of text for nothing because you failed to read

Go read what your wrote and understand what you were getting at. Don't misrepresent by stating you are FEE FREE and hiding behind company commissions. And you have be avoiding my questions, clearly shows your character on such matters.

This post has been edited by lunchtime: Aug 13 2017, 06:47 PM

You are a waste of my time. Anyone with a good sense understands that I am not doing my job for free, and anyone without a pea brain knows that commissions/salary are the costs that companies incur to generate sales, and these costs are passed on to the consumer, one way or another

I've never had any issues with my customers, they know they are paying me one way or another, and I am one to tell them that I get paid in commissions - but you, you are just looking for an argument aren't you? Nothing better to do eh?

This topi is about active vs. passive funds, and I am not even selling them. Not sure why it is so difficult to get that through your head. Too small maybe

This post has been edited by wild_card_my: Aug 14 2017, 11:31 AM

Pusing pusing pusing as usual. LOL!!

use cash la...dont use margin.... nanti hutang banyak

Beginners actually start investing into stocks using loans?

Taking a share margin is acceptable if you want to go big (or go home), but that is hardly for beginners