Huh?
Whatcha mean "There would be 3% charges from the total amount transacted."?
I'm a bit blur, help me out here, need some clarifications

This post has been edited by wongmunkeong: Feb 13 2012, 09:17 PM

yes, you rephrased my question 1 correctly
so, when u talked about switching, does it mean switch it to Bond Fund only? But how about funds that purchased with EPF? Which fund to switch if Equity(EPF) is not doing well? Thanks

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Added on February 20, 2012, 12:55 pmsounds cool

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Added on February 20, 2012, 12:56 pmya, got it

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Added on February 20, 2012, 12:58 pmClient already paid 3% or 5.5% when purchased the funds, why still need to pay 3%?

This post has been edited by mars1069: Feb 20 2012, 12:58 PM

Yup, i meant to SWITCH from Equity <--> Bond funds
1. to "Exit Equity" but when U dont need the cash
2. vice-versa to re-enter Equity later

Similar with EPF purchased Equity funds JUST THAT instead of getting cash, Fund house pays back into yr EPF A/C1 if U redeem/sell back to fund house. Thus, lagi worse (as in U cant touch it till 55) than cash - no reason to redeem/sell back to fund house, thus SWITCH is a better option if U look at long term management of expenses vs returns.

As to yr Q on "which fund to switch if Equity(EPF) is not doing well?"
a. Note - there is no such thing as Equity(EPF).
b. If U meant, "which BOND fund to switch.."
Personally, for PubMut, i switch between the Equity funds <--->PSBF.
There are other Bond funds which are "EPF approved" too if i'm not mistaken. Check it out on their website, under News/Communications i think.
c. If U meant, "which Equity fund to switch.."
No idea leh as i'm unsure of your personal appetite of risk/rewards, expectations and entry/exit methodologies . Sorry yar.

NOTE: U may want to consider Money Market fund if/when interest rates soar, rather than Bond Funds, no right/wrong yar.

Hope the above helps more than
Just a thought

This post has been edited by wongmunkeong: Feb 20 2012, 01:24 PM

ok, thanks for your explanation. so far i never switched my funds, i only repurchased all when it met my target, example 50% return in 2 years for my PISSF, money back to EPF. Just wondering, if this happens to a PM Consultant, is it ok for him to repurchase funds instead of switching since he already saved the 3% or 5.5%?

Still got a lot of people want to be UT agent meh? I though it is like a sunset industry soon, like Remisers... In most developed countries, Unit Trust agents are more or less extinct already... and the 'advisory' service has morph into IFA mostly..

Once more and more online fund purchasing comes online, UT agent susah mau cari makan already...

This post has been edited by gark: Feb 21 2012, 01:26 PM

As an UT agent, he can save the admin fee for his own investment as long as he meets yearly quota, not necessary be the full time but part time will do. Instead of giving ppl to earn the admin fee, why dun he earns/saves his own admin fee? and dun forget a lot of ppl still dunno online thing, u ask them to purchase online they also dunno how to do that, so this group of ppl still need an UT agent

and many many ppls still dont aware/understand abt UT.

and they still need agents guides.

As far as servicing charge is concern, it is definately economical having to investing on your own provided if you have sufficient knowledge in UT investment. In early 2012, SG government amended regulation in the unit trust industry requiring all investors to acquire a unit trust license prior to purchasing unit trust on their own via online purchasing. The new ruling is implemented as many have made negative returns after investing on their own.

Here is something for UT enthusiasts to digest. Public Mutual Berhad has launched Public Savings Fund (PSF) in 1981 with a selling price of RM 1.0000/unit. Assuming Investor A has invested RM 100,000 in PSF since commencement and assumming there is 0% servicing charge (to simplify calculation). Assuming Investor A has stay invested till today, as of 24th Feb, 2012 and PSF unit NAV is at RM 0.5676/unit. Hence, what do you think has happened to Investor A investment?

I agreed that investors are more sofisticated and knowledgeable as of today, but the question remains whether their knowledge have outgrown the need for UTC as of today.

This post has been edited by felixwang: Feb 28 2012, 07:56 AM

The investor still making more than 800% profit if he stay invested since 1981 until now.

Excellent answer UTC Lee and I was expecting an investor instead of a UTC to providing me an answer. Especially those who think UTCs are running out of time. I would have agreed with them if there are dozens who provide the same answer as you do.

i received a job from public bank asking me to sell unit trust .

anything different in the plan between PB and PM ?

tomorrow Im going for the medical checkup PB ask me too

medical checkup?
maybe u will employ as company marketing agent. any fix salary?

ya got fix salary , but dont know got commission or allowances or not

working directly for public bank

any idea ?

oklah, staff benefits + bonus bonus bonus.

I dun think PB offer comm cause its basic is quite high.

Just got back . Basis high and can goes up to 7.8k . Means got commission also lor . But got limit it seems haha

wow, up to 7.8K.

u take the offer?

ya accepted d , ya UP TO only , wont reach de la~~ hahaha

as long got the basic high to survive sin lor

welcome to PBB group and best of luck.

up to is hard to say coz it depends on commission but mind to share the min wages?