Comments on: Fundsupermart Regular Saving Plan

By: Will

Will — Sun, 05 Sep 2010 15:44:16 +0000

For equity fund, in the short term is high risk but long term is low risk.
For bond fund, in the short term is low risk but long term is high risk.

Generally, younger people can withstand higher risk.

Hope this few words is useful for you.

By: Winston

Winston — Sun, 05 Sep 2010 15:38:45 +0000

I think i will play safe. Less risk and long term.

By: Will

Will — Sun, 05 Sep 2010 04:13:50 +0000

Hi Winston, if you would like to assess your investment risk profile, feel free to contact me. Thanks.

By: KCLau

KCLau — Sun, 05 Sep 2010 00:13:55 +0000

@winston,

I don’t have an “absolute” answer for your question, because investing style and strategy depends on the person’s ability, risk profile, investment objective, investment horizon .. etc everyone is different.

By: Winston

Winston — Fri, 03 Sep 2010 14:35:14 +0000

Hi KC,
Thanks for sharing. I recently stumble upon your blog while looking for housing loan. Bought ur book on Money Tips and gave it to my friend when finished reading it and bought 2nd Edition for myself.
For a beginner investor, should i look for less risky investment like fixed income or bond fund??Then gradually invest higher risk?Meaning that investing into several fund?

Thanks!

By: Recommended Unit Trust Funds in Malaysia

Recommended Unit Trust Funds in Malaysia — Wed, 14 Jul 2010 10:27:13 +0000

[...] 2. Regular saving plan application [...]

By: KCLau

KCLau — Thu, 08 Jul 2010 09:10:25 +0000

Regarding your questions:
1. the risk? It depends on which fund you invest in. Equity fund will be higher risk compared to fixed income or bond fund. The capital is never guaranteed in an investment.
2. anyone want to share about your returns?
3. there is no exit penalty.

By: Kenneth C

Kenneth C — Thu, 08 Jul 2010 06:31:08 +0000

Hi KC and all,

I’m new to investing, and it seems to me that Fundsupermart’s RSP is a good way to get started. I just have a few questions:

1. What’s the risk like? If the funds perform poorly, is my capital guaranteed?

2. I know that KC says that the annual returns are somewhere between 5 and 15%, but what are the usual returns like for readers here who have invested in an RSP before?

3. Are there any penalties for pulling out of the RSP? Fundsupermart says something about a freeze period, but I’ve no idea how long this is in effect for.

Thanks all!

Kenneth

By: John

John — Fri, 25 Jun 2010 05:26:20 +0000

Ya, the procedure is to fill in an EPF investment form to withdraw money to invest in unit trust. EPF will directly transfer the money to fund manager. Even when you sell the unit trust using EPF scheme, the proceeds will go to EPF account also. Since you cant withdraw the money until 55 y/o, investing your EPF in unit trust can give you higher return in the longer term.

Also, EPF allow you to withdraw every 3 months to invest in unit trust, so you can see it as dollar cost averaging by investing regularly every 3 months.

By: suzanne

suzanne — Fri, 25 Jun 2010 01:36:39 +0000

Thank you John for the info of the fees.

Just wondering whether epf can allow the withdrawal to go directly to Fundsupermart.com to pay for the unit trust purchased. I thought epf’s current option is to directly pay to the fund manager of the respective unit trust company. Correct me if i’m wrong.

By: John

John — Thu, 24 Jun 2010 11:20:41 +0000

Hi Suzanne,

Withdrawing EPF to invest in unit trust, the service charge is lower, which is 3% as regulated by EPF compared to using cash to invest which is 5.5% service charge. Management fee and trustee fee is about 1.5% and 0.06% per year respectively and calculated daily and reflected on the daily unit price.

By: KCLau

KCLau — Thu, 24 Jun 2010 07:14:54 +0000

Go ahead.

By: SUZANNE

SUZANNE — Thu, 24 Jun 2010 04:29:40 +0000

Thanks for your update. So useful to me as i am thinking to start investing in Unit Trust and found out that how come the Services Fee/Management fee/Trustee Fee are so high as imposed by the Bank. i plan to withdraw EPF money from Account 1 and use Fundsupermart.com to invest in the unit trust market. What is your advise ?
Thank You.

By: KCLau

KCLau — Fri, 09 Apr 2010 08:36:26 +0000

If you have set the maximum limit higher (let’s say RM500/month), then it is just a matter of applying for another RSP to invest in another fund. So the total deducted is RM100+RM100 = RM200/month.

The DDA form just need to be submitted once. If you only apply the maximum RM100 the first time, you will have to submit the DDA form again to apply for a higher deduction allowable.

By: khairul

khairul — Wed, 07 Apr 2010 17:18:06 +0000

Hi KC, just wandering if I want to invest in more than one UT, say RM100 each monthly, do i need to open 2 RSP?

By: masz

masz — Sat, 03 Apr 2010 07:56:05 +0000

I am new to this, but thank you for sharing. The way I look at is, is like forcing me to save some money to my account, which is good. I do think it hassle free as I do not have to go to bank to make a transaction. For a person who lives far away from town, it good. Thank you so much for sharing

By: KCLau

KCLau — Fri, 02 Apr 2010 03:46:40 +0000

Hi John,

As we know, you won’t have a personal unit trust agent to serve you. But if you need anything, you can email them directly and I think they will reply your request.
They do have a regular weekly news update and fund recommendation via email. They also send their in house magazine quarterly to their investors.

By: John

John — Thu, 01 Apr 2010 11:21:56 +0000

Just wonder does Fundsupermart offer personalised service to its fundholders? For example, provide regular update, personalised advice and financial planning services?

By: K.Sukumaran

K.Sukumaran — Thu, 01 Apr 2010 01:31:53 +0000

Dear Mr. Lau,

Thanks al lot for sharing the financial tips towards better informed decison for higher yielding in the investment.
Your kindness in updating the financial knowledge of public is very much appreciated and please keep up the good practise.
Have a wonderful day!
TQ.
K.Sukumaran.

By: KCLau

KCLau — Wed, 31 Mar 2010 09:44:09 +0000

When you decided to withdraw the money from Fundsupermart, you can initiate it within your account.
The money will be deposited to your bank account.