tag:blogger.com,1999:blog-34503628.post6773748390895661141..comments2024-03-26T20:28:00.690+08:00Comments on Journey to Become Financially Independent: Public Mutual Fund Agent is No Longer Needed in Malaysia?ChampDoghttp://www.blogger.com/profile/15551303930099640011noreply@blogger.comBlogger83125tag:blogger.com,1999:blog-34503628.post-34968595628789939222017-12-31T10:54:21.164+08:002017-12-31T10:54:21.164+08:00Hi Mr Gunasegaran, read your comments. I left my c...Hi Mr Gunasegaran, read your comments. I left my corporate role few years ago and am seriously considering managing my own investment by becoming a UTC.Read your background which I find interesting so would like to meet up for a discussion. Anonymoushttps://www.blogger.com/profile/00598972914245297123noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-82978299857831065772017-12-31T10:51:00.818+08:002017-12-31T10:51:00.818+08:00Good morning. Mr Gunsegaran, read your post and wo...Good morning. Mr Gunsegaran, read your post and would like to have a discussion as I would also like to manage my own funds personally and thinking of becoming a UTC.<br /><br />How can I contact you?Anonymoushttps://www.blogger.com/profile/00598972914245297123noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-81284922512450666992017-04-09T23:14:19.249+08:002017-04-09T23:14:19.249+08:00I have been an investor for more than ten years. M...I have been an investor for more than ten years. My funds are with the two top mutual fund houses. Although my background is in Economics & Accounting and I understand markets well (education and long career in banking), I never had the discipline or time to organise my own unit trust investment. Any time for investment I focused only in tracking my gold and silver investments. Hence, people like me need those unit trust agents. <br /><br />Unfortunately, my first PM agent neglected me. My CWA agent gave good service (although when he started out, he needed to be taught a bit about the market) until he did something unprofessional last year. Now that I have opted for early retirement, I have more time and decided to take care of my own investment portfolio by becoming a PM agent. <br /><br />I was surprised that I'm actually enjoying it because I'm putting into practice my knowledge of the market and the financial system. <br /><br />The bonus is, friends and family have started coming to me to handle their unit trust investments. I started out with looking after my own investment but now, being a full fledged PM agent is something I really enjoy. I like sharing knowledge and my strategies and advising / helping people to build, grow and preserve wealth. It's so satisfying to help build awareness for the need to think ahead financially.<br /><br />For those who are investment savvy, yes, they really should take full control of their own funds. This is the ideal situation. But many people are alarmingly still either too busy or lack knowledge / awareness / confidence in investing. This is where the agents / consultants come in. Just choose your agents wisely.<br /><br />That's my two sen's worth :)elsa nordhttps://www.blogger.com/profile/11723116946890515058noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-2944572386991474082017-02-16T16:49:19.221+08:002017-02-16T16:49:19.221+08:00I personally prefer Public Mutual over other funds...I personally prefer Public Mutual over other funds as they're the pioneer in this field.<br /><br />About whether becoming an unit trust agent is a good move, I'm afraid I can't really answer that. :) It is really a personal choice. I have seen a very successful unit trust agent and vice-versa.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-10256601389307756502017-02-16T14:40:53.937+08:002017-02-16T14:40:53.937+08:00hi champdog, after reading all the comment,
can yo...hi champdog, after reading all the comment,<br />can you advise either to invest in PM or CIMB or other fund?<br />also, in the current market of 2017, does become an unitrust agent is a good move?mr_coolhttps://www.blogger.com/profile/05260163886931161054noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-40822689380814164622016-08-23T12:49:38.711+08:002016-08-23T12:49:38.711+08:00Yes, an agent is required because some individuals...Yes, an agent is required because some individuals have language barriers and IT illiterate. They need help from an agent to sign up for them. Rosaforrestianahttps://www.blogger.com/profile/03107588733331592194noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-21015455842188959272016-01-28T19:42:40.286+08:002016-01-28T19:42:40.286+08:00Now I look back, such a long discussion. :D lolNow I look back, such a long discussion. :D lolChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-74405402184126492202016-01-27T21:44:35.611+08:002016-01-27T21:44:35.611+08:00Wow! Simple article but got comments for 5 years!Wow! Simple article but got comments for 5 years!GLyehttps://www.blogger.com/profile/17165828979732593538noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-566623141058380562015-09-01T15:48:06.349+08:002015-09-01T15:48:06.349+08:00I'm glad that you found that guy. Does he mana...I'm glad that you found that guy. Does he manage all for your or he just recommend you and you do your own investment?ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-25086974209230266122015-09-01T11:43:26.848+08:002015-09-01T11:43:26.848+08:00Hi, I think you are right. A lot of them (Agent) r...Hi, I think you are right. A lot of them (Agent) really don't know the fund performance well. After few of the agent serve me (more then 4 agent change in my case). Until I meet some one which I really admire. He talent in the mutual fund is good. It is awesome. Cause he has the background of stock market, 15% per year return, some time even more. Lucky I found him. !!! <br /><br /> camaronoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-44705612262649722452014-08-07T17:46:54.631+08:002014-08-07T17:46:54.631+08:00Sure, no problem. I agree with all your points. Ho...Sure, no problem. I agree with all your points. Hope the ratio will be improved especially we have people like you and don't not go the other way instead.<br /><br />About the comment & human verification, I afraid I can't do much. This is the free blogger platform. I have tried disable the human verification, the number spams that I get is way too many, so I have no choice to enable it. ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-72920882315425958182014-08-07T10:22:46.798+08:002014-08-07T10:22:46.798+08:00Hi Champ Dog
Appreciate your upload of my input, ...Hi Champ Dog<br /><br />Appreciate your upload of my input, well to answer your question,<br />1) Do we need unit trust agent?<br />Investors must look for Independant Financial Planner/Advisor who posses great Client Centric Sense. Why??? Most Licensed Financial Planner do not represent single unit trust company, they have access to many unit trust fund houses, as such they could select a fund which suits the investors Risk Profile,Fund Manager's consistency performance and also the characteristc of the fund. Therefore unit trust agent have biases towards the fund they sell and not taking the Client's Interest first when the are recommending the product. Do you see where i am coming? In addition to this Licensed Financial Planner can provide solution which unit trust agent can do, what are they??? For example they can offer offshore unit trust fund/ETF and etc which means they are providing long term solutions based on the clients GOALS/FINANCIAL ONJECTIVES.<br /><br />2)Based on research,90% of the people will be emotional throughout their Investing Cyle, 10% of the people who take concentrated effort to improve their financial decision making maintains a balance approach towards their EMOTIONS.<br /><br />3)Will this ratio improve??? Yes provided they are many Financial Coach like myself around to help Investors to make right decision moving forward.<br /><br />Hope this answers your questions, feel free to ask should you need further clarity. Just to Share, it would be good to post the new comments on top and older ones below to keep current with the topic.The part that proof we are not robot, the characteristics is so blur we cant see properly, this need change.<br /><br />Thank You for READING,LISTENING AND UNDERSTANDING.<br />GUNASEGARAN KRISHNANhttp://www.wealth-street.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-65045420330728028922014-08-06T18:33:13.098+08:002014-08-06T18:33:13.098+08:00@GUNASEGARAN, thanks for your comments. I just rea...@GUNASEGARAN, thanks for your comments. I just realized this post has gone to 70 comments! :) and I appreciate that you read those comments. I don't think I still can remember what I have written. :D<br /><br />Let me try to summarize, if I get you right, you're saying that unit trust agent is still needed. It is mainly for the investor behavior that the agent will need to manage. <br /><br />Just out of my curiosity, based on your experience, how many % required help in managing their investing behavior? and how many % don't? And this % will remain, increase or decrease moving forward? Of course this is based on your best estimation.<br /><br />My 2 cents, if you look how easy to survive as mutual fund agents 10 years ago as compared to now, you can clearly tell the answer. Is that a right assumption?ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-31174007871127354972014-08-06T15:10:30.114+08:002014-08-06T15:10:30.114+08:00Hi ChampDog
Good that you have blog to share and ...Hi ChampDog<br /><br />Good that you have blog to share and learn. Infact i have read most of the comment. I agree with certain of your comment, most Unit Trust agent are only keen to sell funds to maintain their standard of living.Why is that so??? the respective unit trust company train them to sell rather then add value to their clients. WHY??? bottom line the company wants to make profit only. At the same time you can make Money plus add Value if they want to. By the way just to share based on my experience, different peole perceive value differently based on their personality, culture, belief system, values. As such coming back to the question why do you need an unit trust agent? It all depends what type of Investors you are and why you are investing???<br /><br />Now something about myself, I am a Licensed Financial Planner - with Securities Commission and Bank Negara. Have 21 years of experience in Life Insurance business and 7 years as an Independant Financial Planner. My experience shows that most Investors in Malaysia need to be educated the PROCESS of Investing, RISK/REWARD of any investment and more importantly knowing who the Investors are in terms of their personality traits.<br /><br />Based on proven science of human behavior in investing, most people become fearfull or greedy in the investing space. Therefore as a Financial Planner my strong believe and experience has proof that if Investors Emotions are not managed properly most of them are going to make are going to make wrong decisions.<br /><br />You asked where is the value??? Here lies one of the most important thing for Investors to think??? Do i follow the crowd to be Emotional when there is correction in the market??? Does CNBC/Bloomberg influence me in the way i make decision???<br /><br />For today i will say one thing, Managing INVESTOR Behavior is very crucial in the investing space.<br /><br />Thank You for allowing to Share and Learn.GUNASEGARANhttp://www.wealth-street.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-85680691935039807122013-01-11T21:47:10.649+08:002013-01-11T21:47:10.649+08:00You have a point. :) So technically, if we use onl...You have a point. :) So technically, if we use online, the service fee should be less!ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-43470638575531629042013-01-11T20:30:17.709+08:002013-01-11T20:30:17.709+08:00while in some part i may agree with you, but dont ...while in some part i may agree with you, but dont you think that having someone to serve you is better? Coming to that, you actually paid for it in the service fee. If you dont use the service of an agent, but still paid for the service fee, its like cooking KFC your own but still pay for the full amount.Garynoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-85672933228482746472012-08-26T11:38:44.709+08:002012-08-26T11:38:44.709+08:00Thanks Steve for your comment. Not sure which comm...Thanks Steve for your comment. Not sure which comment you refer too. I think some readers meant here is although online transaction is available, there are still plenty of people do not go through that online. Thus, selling or buying through agents still relevant.<br /><br />Where my point is looking forward in the future, is the needs will be getting less and less with the existing of all these online transaction facilities. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-59969793909845919822012-08-26T10:16:18.375+08:002012-08-26T10:16:18.375+08:00Not true when you said that you cannot sell Public...Not true when you said that you cannot sell Public Mutual Unit Trusts online. I myself have bought and sold online and it is a breeze.<br /><br />SteveTraderAlertshttps://www.blogger.com/profile/00654698252253219979noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-41818389377725127952012-05-27T11:31:34.355+08:002012-05-27T11:31:34.355+08:00Yes, I agree with you.Yes, I agree with you.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-44210857468150957332012-05-10T13:53:09.158+08:002012-05-10T13:53:09.158+08:00Hi, to some extend it's true that with pmo, in...Hi, to some extend it's true that with pmo, investors can perform whatever transactions they want. However, thru' an agent investors can know more info and how to manage their acc. E.g how to maximise ur investment. I'm also an agent and i'm not worried whether the agent service is no longer needed. For i believe if ur a good and knowledgable agent and u service ur clients well, i'm sure ur still needed. The business is not just about making one party 'rich' but also to make the investor's income to grow. It's a win win situation. That's how a relationship starts. The more the merrier....come and get to know me and lets share the knowledge....have a nice day!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-30820583550360460142011-12-31T13:16:08.678+08:002011-12-31T13:16:08.678+08:00@Anonymous, No doubt that invest in stock directly...@Anonymous, No doubt that invest in stock directly has higher risk, thus highest or lowest return. The good thing about unit trust is you don’t need to monitor closely as like stock. Even for stock you may not need to do that too especially you’re the long term fundamental stock investor. <br /><br />@Maisarah, I couldn’t agree anymore. There are unit trusts or mutual funds that do not make money. My suggestion is talk to the agent and get as much as information from them. After that, do your own research and decide. <br /><br />Overall, if you play the unit trust game correctly, you should be winning. Stock in fact is the same, it is just the harder game to play. It involves your psychology as well. Happy investing to you too and everyone!ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-51707625342062117482011-12-22T11:54:47.050+08:002011-12-22T11:54:47.050+08:00Again to invest in stock market or even unit trust...Again to invest in stock market or even unit trust you must know what you are into, get more info, from agent, internet, remisier or stockwatch. Just to inform you that there are unit trust funds that is not performing well...no dividend, dont even touch its launching price. Agents will not advise you to invest into this fund, coz they want a long term business relationship with you. Buying at the lowest price unit trust fund doesnt guarantee that you will get double in return. Good agents know which fund is performing, which funds give higher distribution, which one suits you (aggressive/moderate fund). If you invest yourself, if you can get all the info yourself...go ahead to invest online, if not... call me 016-2513005, glad to give you some assistance. Happy investing!!!!Maisarahnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-27539584047013910542011-12-21T11:53:09.435+08:002011-12-21T11:53:09.435+08:00if only i invested in ut in 2009, i was quick to c...if only i invested in ut in 2009, i was quick to conclusion that i bet in klci only to lost RM60k in one year..<br /><br />if i buy ut, i would have gotten 50% profit easily 2009-2010.<br /><br />So to late...dont buy direct from stock market if u have no idea or experience...klci for me is scam from big fund companies to rob people's money...(insider everywhere)...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-65073492200558027492011-09-04T10:37:09.199+08:002011-09-04T10:37:09.199+08:00I agreed with the article. Invest in mutual fund i...I agreed with the article. Invest in mutual fund is also considered less risky as it is managed by finance professionals.Financelearnershttp://financelearners.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-6284152988813395902011-07-18T20:36:31.845+08:002011-07-18T20:36:31.845+08:00You have nothing to lose too if purchase online to...You have nothing to lose too if purchase online too. :)<br /><br />I think the point you bring up here is personalized advice which I agree with you too only if the personalized advice is useful. Well, this subjects to one another.<br /><br />One question that I do have, do you want to get personalized advice every time you purchase?ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.com