Say, you invest $ P in the best unit trust exactly for 1 year. You read that your unit trust profited by A % per annum the same year.Digest this…Your profit is A LOT LESS than A%
· Solid and honest advice on the best investment option available
· Condition of your money in the fund any given time
The Agent
His value to you
The middle+sales person bringing your money into the fund. Most highly paid in terms of sales charge and service. He better be providing damn good service in terms of:
· Solid and honest advice on the best investment option available
· Condition of your money in the fund any given time
He gets X% of your $ P.
The Company
His value to you
Providing you the opportunity to invest in diversification in terms of asset class and industries.
They get Y% of your $ P.
The Managers
His value to you
Make more money for you, ensure you don’t lose money in bad times, and earn above average in good times.
He gets a hidden and RECURRING Z% of your $ P.Your actual return, B% = A% – (X + Y + Z)%Now, B% should be
He gets a hidden and RECURRING Z% of your $ P.Your actual return, B% = A% – (X + Y + Z)%Now, B% should be
a) more than 0% (duh)
b) more than 3% per year (FD rate)
…or else, forget about redeeming it within a year! You should let is sit and simmer for at least another year or so to do better to at least break even AND cover the upfront costs!
Public Mutual is it? No, mine's actually no quota; it's one of the UTMC available via FundSupermart. I don't really sell, and there are other reasons actually besides doing my own EPF investing.
Ah, yes, I probably would 🙂 in subsequent posts. Good reminder 😀
The problem with that is you need to keep up with the annual quota, i think is RM30K.
Hey, you not yet blog about your US investments just as what is highlighted in the Personal Money magazine 😛 (i bet that make more money than mutual fund :P)
Yea, I have tried the first using own EPF 🙂
2 ways: 1 become an agent yourself or just invest using cimbclicks..only 2% 😛