Juz checked with my friend who is studying ACCA...regarding the filing for tax differences...

U can do it when u file your income tax. There is a section where you have to declare dividend income. So after u calculate everything and determine in wat tax category you are in...you can file for the claiming back of the differences.

This is something on Single-Tier Dividend System...If the company is using the single-tier dividend tax system, u cannot claim back the differences in taxing of the dividend. Usually the company will announce if they are using the single-tier system for which i think Public Mutual is not under this system.

On another note...you might want to file to claim back your dividend tax differences...but there are chances that it will raise the eyes & ears of the LHDN ppl...especially if you have significant amount of $$ invested.
Once, my upline try to claim back the differences...it was hell for her...LHDN come & check all her documents, her payment for cars, etc etc up to few years back, maybe she got a lot in UT . So now she rather just ignore it...

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Added on November 29, 2008, 10:17 pmPublic Mutual Declaration of Distribution for PIBF & PFEDF

Public Mutual is pleased to announce Final Distributions to unitholders of Public Islamic Balanced Fund (“PIBF”) and Public Far-East Dividend Fund (“PFEDF”) respectively for the financial year end of 30 November 2008. The distribution are as follows:


Fund Gross Distribution
PIBF 1.00 sen per unit
PFEDF 0.35 sen per unit

This post has been edited by kingkong81: Nov 29 2008, 10:17 PM

You will receive a statement from Public Mutual for your funds...usually end of the month.

Besides...if there are no transactions (buy, sell, switch) being made for any of your funds...you will not receive any statement of your funds for that particular month. You will only receive a statement, which usually sent to you during end of the month if transactions are being made to any of your funds.


To know faster, you can check with your agent or you can call customer service directly 03-6279 6900
If opening a new fund...usually the account will be up within 1-2 weeks time.

This post has been edited by kingkong81: Dec 1 2008, 10:40 PM

Yep...once interim, once final financial year

When you mentioned INVESTMENT...then surely it will come with risk. No investment is without risk...just that how risky it is.

High risk, high return. Low risk, low return.

If you wish for a safe investment...FD is the best...but the interest rate is getting more & more puny

Government-backed unit trust....like ASN, ASB...r consider quite safe as well...

Else, independent UT (PM, CIMB, UOB, etc, etc) will also offers different risk categories of funds that might suit you.

You have time on your side...with almost 7-8 yrs down the road, so i suppose starting early is the best. So, u can try to plan out something to grow your money better (or at least not shrinking with inflation)

Anyway, it is good to know youngsters like you have already starting to save & think about your future financial planning. Keep it up

[quote=B u B u,Dec 8 2008, 03:04 PM]
[quote=darkknight81,Dec 8 2008, 02:45 PM]
Lol save inside ASW, ASM easy and moderate return. Average 7% interest.

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Added on December 8, 2008, 2:52 pm

But I heard ppl saying ASW and ASM are sold out ?

[/quote]

That is d major downside to all these ASN, ASB, etc.

Always sold out...in fact, rumours said that insiders mostly bought all...and worst...u hav to queue so long in order to buy.

But it is all because it is safe safe with gov at d back & giving decent returns

Though timing in investment is very important...however, we can never sell at the highest or buy at the lowest. You can use some of those share market analysis tools to help out, but it is difficult for laymen like us, understanding is one thing, learning to use it is another thing!! Therefore, it is very tedious job...

One of the best way is to set your own target...if u set return of 30%, once it reached, then you can sell to do some profit-taking. If you think the market will still go up...u can consider selling in batches.

well, u might feel awful that the market went up further after you sell, but hey...at least it is profit!!! U will feel much better if the market went down after u sell. In short, thats human...always greedy & always fear

Therefore...fear when people greed...sell when the market is on super bull....just like 2007

Greed when people fear...like now

Yes...and we never when it will end until we are deep in the bear run.

Similarly, we never know when this bear is going to be tired & start hibernating.

So, set your target!

This post has been edited by kingkong81: Dec 9 2008, 09:14 PM

Though I am an agent as well...I am 100% agree with this statement.

at least you r aware of how your funds r doing. Constant communications with your agent can help them serve you better, as they know wat is your needs

I think b00n has given quite a comprehensive answer.

In any case...if you follow the market & look back long enuf... Market is running like a cycle...

When it reached too high...it will go down...
When it fell too low...it will go back up...

The main unknown here is WHEN??? no 1 knows....but we know it will surely go back up.

It is understandable in your fear...so do we all...not many people have personally witness 1997 crisis before (at least I am not), so the fear is normal.

But in investment we have to be discipline enuf to stick to our goal...in Unit Trust...long term growth.

If you wanna check on prices...juz logon into Public Mutual Website, they update the prices daily. For local funds, u can see the price on the night itself...around 8pm+. For funds with foreign countries investment it is on T+1 basis. Means u will see Monday price on Tuesday (usually after 11am).

For newspaper...the pricing is T+3...means you will only see monday price on Wednesday newspaper.

Agent can give you a more comprehensive update than just prices...can let you know the % return,
else u juz calculate yourself from prices oso can, but when the there are a lot transactions...then it is quite difficult

U cannot switch from a PB series fund to Public series fund...

switching can only be from PB series to PB series

Public series to public series

By the week!!! Wow!!

In any case...like u said...large capital USD 10million

How many ppl hav that $$ in malaysia...maybe use fingers & toes oso can count

Not for small investors like most of us

There is no announcement on the lower service charge for using Public Mutual Online.

Until then, we shall assume the service charges remains the same.

For the benefits of the Public Mutual Online....it has been discussed before in the following thread. Please check it out.

http://forum.lowyat.net/topic/511793/+1640

i'm not too sure whether the DIvidend funds mentioned by the mentioned international advisors will be the same as wat i know so far...but this is wat i understand:

DividenD FUnds are basically funds that will invest in good-dividend yielding stocks + they might go for blue chips as well.

We do have a lot of dividend funds available...they usually aiming at giving steady income & respectable capital growth, and usually in moderate risk category or slightly lower.

They can have all kinds of name...like public mutual (pub Far-East Div Fund, Pub Islamic Fund, etc) as well as from other fund houses as well (not being bias, just that i'm more familiar with PM funds)...

So, will be better to check their investment profile to determine whether it is in "DIvidend fund" category

Actually the management fees r mainly for the brokerage commission & other cost incur to manage the funds.

Wat is more are usually the service charge.

Generally management fees range from 1 - 1.5%

No matter how bad the fund is being hit, they still need to run the fund right?

YES you can...

All you need to do is to go to ANY PUBLIC MUTUAL BRANCH around you...

You just need to get & fill in a REPURCHASE FORM...& submit it at the branch.

You are done.

It will take less than 10 business day for u to get back the $$, if you are Mutual Gold, 3 business day

This post has been edited by kingkong81: Apr 29 2009, 08:40 PM

Personally think your mom should not engaged in too high risk of investment due to her age factor.

In terms of unit trust funds...should go for something in moderate to low risk type of funds.
Eg. PITTIKAL as previously mentioned, PIDF, PRSF...even in terms of balanced funds can also be consider. (fr PMutual aspects). ASB/ASN etc are some good options too.

I supposed your mom investment should be looking in terms of preserving her wealth, while giving the opportunity for continuous income (i.e. distribution) or even capital growth.


just my 2cents

If u passed away...it will be sold off & return to EPF.

Your nomination will follow on what your EPF has stated.

I dunno how it do not accept digitally scanned IC & printed out black & white in A4...
As long as it is clear, front & back in 1 page...thats all...

This is first time i hear this...

Maybe, the agent just wanna play safe...coz EPF r quite strict, even some little smudges on the form, they oso reject.

Low risk investment...