i attended a dinner organised by this so called iFast agent. people there got newbie like me and some existing clients to it. those already joined kept telling me how much they earn like 6 to 10% a year by simply just dump the money to iFast and let the agents there manage their fund.

the agent kept assuring me how transparent and how flexible their fund management is.

i don't believe easy money in this world. but 6% to 10% annually is really very good. much better than FD.

i wonder anyone here also a client to iFast and can share with me your experience?

thanks

iFast? Is that the parent company of fundsupermart?

how much is that agent charge?
how is the fees calculated and how to pay for it?

6~10% annualised returns is very conservative returns for a privately paid services.

if you really want to know if this "agent" is a scammer or group of scammers.....
you can try contact Ifast directly....
https://www.ifastcapital.com.my/myifast/contact-us

i maybe wrong, but I think that agent is not an ifast agent...most probably a financial adviser using Ifast platform for their financial products.

There are ifast advisors and also ifast partners (Financial Advisory firms).

Depending on how your portfolio is designed it is possible to get those returns. Check with them what’s their investment methodology and also their track record for consistently delivering those returns. There is no easy money and the advisors do charge you a fee for managing your investments. You might also want to know how they will manage the hundreds of clients they have. As such, most advisors have a higher limit of how much the initial investment is required as compared to a UT agent which will open an account for you at RM1000.

As for experience my portfolio is up 1.32% since December 2019. Application is relatively smooth and done via an iPad.



Best,
Jiansheng

This post has been edited by Holocene: Jan 20 2020, 11:22 AM

Fundsupermart: Retail Investors

iFast: Advisors

Best,
Jiansheng

Okay, so Ifast and FSM are not related. And 1.32% from last month is quite impressive. Now I am intrigued.

They are related just that they serve different markets.

iFast is merely a platform. There are multiple funds you may purchase from. My 2 years portfolio is

Unrealised Profit / Loss
MYR 7,903.86 / (14.70)%

Hi gsem984

I invest in funds at iFast and PMO (Public Mutual).

I can't confirm if that agent you're telling us about is a scammer or not. But I advise you to not fully 100% depend on any agent and do your own research about the funds. And it's not recommended to let them manage your iFast & bank account.

Anyway, I would like to share my experience.

For PMO, although I have an agent, he doesn't do anything & reluctant to help do anything, and so I have to manage my own funds. But hey, at least I am able to manage my funds via their online system without relying on my lazy agent.

For iFast, my agent (advisor) marketed it to me as a fully online system. However, it's actually not. For us clients, all we can do is view funds, and deposit money into our iFast account to be used by our agent to invest in funds. We can't manage our own funds and need to rely on the agent to do it. So better get an agent who will cooperate with you, if not, you sure vomit blood.

Usually I'll do some research, and then I'll contact my agent, and tell him which fund I would like to invest in. He'll give feedback regarding that fund. If I wish to proceed, then I'll need to deposit cash into my iFast account. And then my agent will follow-up, and that's it.

Anyway, the only reason why I prefer to invest in iFast funds compared to PMO is because I found that iFast funds are doing way better.

I started investing at iFast in Oct 2019. Attached is the screenshot of "Unrealised P/L".



This post has been edited by LemonSeed.Tea: Jan 23 2020, 03:33 AM

so what funds u bought till so power?

>60 Eq funds in FSM has returns of >5% since 3 months ago....


Attached thumbnail(s)

Mine is TA Global Technology.

CIMB has a technology fund too that invest in almost same tech companies.