Thanks KC.I'm a UT agent myself since 2011 and qualified myself as CFP graduate (didn't register for the license though). Found your article since now i'm having tough time 'answering' my clients fund performances especially those who got into the market since the last OnG crash.
I'm a guy who 'feels shxtty' when i could go for the free incentive trip provided by the company due to my 'sales achievement' while the ones who entrust their money with me are losing their retirement savings.
3 years, either stay, DCA or even switchings, still hasn't break even..that's very frustrating for me. I might do it less effectively, well.. 5 years technical and sales experience still having tough times, couldn't imagine those newbies agents, sorry for them and their clients.
My advice to the general public here, not to say UT is a bad investment instrument. However, always understand the calculated risk VS potential return and the strategy to optimize your investment objectives especially your time horizon. Never consider UT if you are going to stay lesser than 5-6 years. (finger cross, if switchings are done very effectively between high volatility funds, exceptional results could be obtained)
but if more, focus on funds that give you at least consistent 'distribution' if switchings are not done very effectively. this is to ensure the DCA principle applies almost 'automatically' by having the distribution reinvested. (just another way, there are other ways to obtained great results though)
All the best y'all. Thanks again KC, really appreciate your article here. keep up bro!!
Blog: Unit Trust Investment in Malaysia kcchongnz
2016-12-27 12:54 | Report Abuse
Thanks KC.I'm a UT agent myself since 2011 and qualified myself as CFP graduate (didn't register for the license though). Found your article since now i'm having tough time 'answering' my clients fund performances especially those who got into the market since the last OnG crash.
I'm a guy who 'feels shxtty' when i could go for the free incentive trip provided by the company due to my 'sales achievement' while the ones who entrust their money with me are losing their retirement savings.
3 years, either stay, DCA or even switchings, still hasn't break even..that's very frustrating for me. I might do it less effectively, well.. 5 years technical and sales experience still having tough times, couldn't imagine those newbies agents, sorry for them and their clients.
My advice to the general public here, not to say UT is a bad investment instrument. However, always understand the calculated risk VS potential return and the strategy to optimize your investment objectives especially your time horizon. Never consider UT if you are going to stay lesser than 5-6 years. (finger cross, if switchings are done very effectively between high volatility funds, exceptional results could be obtained)
but if more, focus on funds that give you at least consistent 'distribution' if switchings are not done very effectively. this is to ensure the DCA principle applies almost 'automatically' by having the distribution reinvested. (just another way, there are other ways to obtained great results though)
All the best y'all. Thanks again KC, really appreciate your article here. keep up bro!!