i just called them. its a 4 years locked investment. to withdraw, u will be charged 1%.
benchmark of profit is around 4% only. even the guy told me ASB (7-13% profit anually) is the best! hehehe

i am not the fan of these so called capital protected products, it is only protected when u hold it till maturity, if u have funds that u r not going to use it for the next 4 years, u can go ahead, otherwise u can forget abt it. There are many other investment products with flexible withdrawal and higher return.

Any investment to intro ma?

Anyone subscribes to AmConstant 11/11?

I'm a student, I save around 1k a year the most, I would like to know, where should I 'dump' this money in, FD? If FD, where or which is the best bank can offer.

i understand that it is a bond fund in nature but the 2% initial charge that stop me from investing on it.

2% sales charge for a bond fund is daylight robbery

this might be abit off topic and I do not wish to start a fire here:
what about 5% charge on ILP unit if you choose the bond fund as your initial fund for whole life?

Yup, not to mention those balance fund (50% bond, 50% equity) charge the same 5% as same as 100% equity fund. By right, balance fund should (50% x 5% for normal equity fund) + (50% x 1% for bond portion), which should be 3% for balance fund out there.

Is there a fund that concentrate to short selling stocks..?
Do let me know..

Bear market has started since Dubai event.

S & P short ETF in SGX

The dubai crisis only affected Asian stocks, European stocks still doing fine judging from their index now

should be the smoke only..

just guess..

I generally do not invest in Malaysian mutual funds because the charges (management fee, front-end load) are too high. I rather invest in fixed-price funds (PNB funds) which to me are lower risk, or in foreign-based mutual funds with no front-end/back-end load and low management fee plus performance fee.

you are right, it was just a smoke. Market start to recover already.

Seek help!!

I've been living with all debts around me for the past few years and it was really hard to pull out from this crisis. I came to this thread just wish to get some advises on how to get rid of my bad financial status so that i really can live exactly a normal life.

BREAK-DOWN:

Main Source Income:
RM2200 (after EPF Contribution)

Monthly Expenses:
Room Rental: RM250
Car Installment: RM680
Fuel: RM300
Credit Card : RM400 (Both Cards)
Personal Loan: RM170
Meal: RM700

*** Bad Debts
PTPTN: RM1.6k
Credit Cards: RM7500 ( 2 c/c)
Personal Loan: RM7000
Friends & Family: RM50k

***No savings

Conclusion:
Monthly Income - RM2200
Monthly Expense - RM2500
Bad Debts - RM80k

Please assist me for this terrible financial mgnment or any sources that i can seek for solutions. Thank~

One advice " Don follow what ppl have if you cannot afford to and don try to show off if you cannot afford to do so"

I don see you need to spend RM 700 for meal alone....

Lastly you posted on the wrong topic you should ask under personal financial management topic

OSK-UOB Asean Fund is now available at Maybank

The OSK-UOB Asean Fund is now available at Maybank!

The fund, which was launched on 2 December 2009, aims to achieve medium to long term capital appreciation through investments in securities of companies with high growth potential.

Learn more about the OSK-UOB Asean Fund from:
http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment

if my calculation is not wrong, if you invest 3 years in this fund(assuming you did not do DCA). the fund must make 3.63% p.a (not including trustee fee) just to break even at the end of 3 years.

This post has been edited by jasonkwk: Dec 3 2009, 01:55 PM

What's the purpose of your savings? FD can be a good place to put in some of your emergency fund but definitely not meant for long term savings (such as retirement funds). If you're looking for a mid to long term saving, why not trying to invest in Unit Trust? Dollar cost averaging will help you to minimize the risk as well. Unit trust may not be the best investment for experienced investors but for those who has little or no experience to invest, a managed investment is a wiser choice.
For more details, please e-mail me at cheahyang_0@hotmail.com or visit my website at http://gavin-lim.webs.com