Unit trust or Mutual funds.....

Unit Trusts or more commonly known in the United States as mutual funds, are a form of collective investment that allows investors with similar investment objectives to pool their funds to be invested in a portfolio of assets.
These portfolio may include asset classes such as:
Transferable securities;
Cash, deposits and money market instruments;
Unit/shares in collective investment schemes; and
Derivatives.
Investors or unitholders do not actually purchase the securities in the portfolio directly, rather the ownership of the fund is divided into units of entitlement. As the value of the fund increase or decrease, the corresponding value of each unit increases or decreases accordingly. The number of units held depends on the amount of money invested as well as the unit price at the time of investment.
https://www.eunittrust.com.my/Home/Edu_IntroUT

What should I consider before investing in a unit trust?
You should always consider four factors i.e. your investment objectives, risk profile, investment time horizon and your affordability at any one time.
https://www.eunittrust.com.my/Home/FAQ

to know more...do check out this existing thread and post there for more responses....
Fund Investment Corner v3, Funds101
https://forum.lowyat.net/topic/2601692

This post has been edited by MUM: Feb 15 2020, 03:53 PM

don't do it with cash (physical currencies (domestic or foreign currency) and bearer negotiable instruments such as travellers’ cheques) still have the RM25k limits in the Cash Threshold report (CTR)?

try this...
http://amlcft.bnm.gov.my/AMLCFT05b.html

https://www.soyacincau.com/2018/12/31/bnm-r...hold-reporting/


This post has been edited by MUM: Feb 17 2020, 10:40 AM

if you want to avoid the hassle, you are encouraged to transfer electronically from bank to bank.
per that provided link

btw, abit more info are needed to be more precise....

transfer to overseas or within Malaysia?
how much money are you talking about?
transfer for your personal a/c to another company in Malaysia or overseas?
or transfer from your personal a/c to another person's a/c in Malaysia or overseas?

btw, found this...
There will be no maximum limit for Foreign TT transactions submitted through Branches.
(if you met the criteria)
https://www.cimbbank.com.my/en/personal/sup...ng&n=remittance

This post has been edited by MUM: Feb 17 2020, 10:59 AM