Do you invest in unit trusts? What are your views on the same?
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Do you invest in unit trusts?
- Thread starter susanscott1980
- Start date
Find a friendly financial adviser....
Use cpf to invest in unit trust....
Churn your investment, get kickbacks and literally withdraw your cpf.
Use cpf to invest in unit trust....
Churn your investment, get kickbacks and literally withdraw your cpf.
unit trusts are the best..............they make more money for the managers than the clients.............if the clients can make any money at all...........
If cash better buy share. If CPF the no choice use it to buy unit trust.
CPF also can buy shares mah.............except profit can't take out and can't short stocks...........
so if buy unit trusts can take out CPF money if profitable huh ?
so if buy unit trusts can take out CPF money if profitable huh ?
Absolutely right. Unit trusts makes money for the money managers, banks and the salespersons (euphemistically called Relationship Managers). During bull market, they all make money if the clients can make any money at all. During bear market, they all continue to make money while the clients lose massive amount of money.
Unit trusts are the 2nd biggest investment scam available out there to rip off the peasants right next to giving money to CHC.
Last time every October each year can withdraw profits.
So far I have never heard of anybody who get wealthy "investing" in unit trusts.
It is supposed to be a relatively safe investments, but by the time the shiny brochure is printed and presented to the clients by glorified insurance agents, whatever upside for the instruments have already been exhausted.
Please folks, buying such rubbish do nothing much in term of improving your financial position. All you are doing is improving the financial position of the glorified insurance agents who sell you the junk.
If you want better mileage from your CPF money, please migrate and denounce your worthless citizenship, and keep the money under your pillow living in a relatively cheap country.
It is supposed to be a relatively safe investments, but by the time the shiny brochure is printed and presented to the clients by glorified insurance agents, whatever upside for the instruments have already been exhausted.
Please folks, buying such rubbish do nothing much in term of improving your financial position. All you are doing is improving the financial position of the glorified insurance agents who sell you the junk.
If you want better mileage from your CPF money, please migrate and denounce your worthless citizenship, and keep the money under your pillow living in a relatively cheap country.
There's a very good reason financial advisers a friendly. They would be more so if they know you intend to buy unit trusts.
If a person has a heart at all, he/she would not join the industry in scamming innocent and clueless peasants.
alamak..why r u talking like an ah neh ? "On the same" ..
i'm more into "you need (a good) thrust".
erection2015
Alfrescian (InfP) + C
the laast time i trusted a unit trust, they almost lost me my hdb unit....i thrusted them out of my life. These days i look for my thrusts elsewhere too.
Few years ago I invested $30K in unit trust investments by purchasing four different funds in equal proportions - Asia Pacific ex Japan, Europe, Japan and USA. The financial advisor told me must diversify ok so I ended up with the four funds. Only managed to make money from the Asian fund. On hindsight I should not have believed that guy too much and could have made more money just by buying the Asian fund. So can still make money lah if you invest in the right fund ....
'Most"financial advisor are not financial smart.
they are just another group eager to earn commsion that all.
the real financial smart guru are hidden....and busy looking for opportunity, they got no interest to earn petty commosion
Lost over 40K in UT with citibank. Fedup with them wanted to withdraw send young sweet banker talk to me still insisted on withdrawing. Wah! gave me the cold treatment after that. Took whatever $ I got back and decided to do my own investment. After 1.5yrs recovered back my looses 
Most Asians are not investors, rather they are speculators. That's why Asian markets are not traded on fundamentals.
Open a US trading account with the many cheap online brokerage. Buy 5 ETFs - US equities, US small cap, Europe, Emerging economies and Bonds. Rebalancing you portfolio every year to bring it back to original allocation. You should be averaging about 7 percent annually over a 20 year investment horizon. You can expect to triple your money over that period.
These ETF have MER of less than 1 percent. The other cost to you is the trade commission which is about $2-$5 per trade depending on the brokerage. Your initial cost of setting up is $25 at most. Every year, you spent the max of $50 to rebalance.
There, you have a lazy investor portfolio that is diversified and will ride you through the whim and fancies of the market. It is a long term investment, so don't watch it day and night. It is not fancy but it works.
Open a US trading account with the many cheap online brokerage. Buy 5 ETFs - US equities, US small cap, Europe, Emerging economies and Bonds. Rebalancing you portfolio every year to bring it back to original allocation. You should be averaging about 7 percent annually over a 20 year investment horizon. You can expect to triple your money over that period.
These ETF have MER of less than 1 percent. The other cost to you is the trade commission which is about $2-$5 per trade depending on the brokerage. Your initial cost of setting up is $25 at most. Every year, you spent the max of $50 to rebalance.
There, you have a lazy investor portfolio that is diversified and will ride you through the whim and fancies of the market. It is a long term investment, so don't watch it day and night. It is not fancy but it works.
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I do, used to invest in a Global Balance Fund (i.e investing on Global Equities and Bonds).
Invested during the low, and exited at 30% profit after a few years. It went higher after I sold the UT. Should be around 2002 to 2006 period.
Has been out of the UT market since. Waiting for the next crisis before going in again. Every year I say market very high, wait for correction. But every year market goes higher... Even during the GFC in 2008, It thought that the market will be lower, so I did waited and waited and missed the boat. :(
Some internet portal charge low sales commission, like Fund Supermart etc..
Invested during the low, and exited at 30% profit after a few years. It went higher after I sold the UT. Should be around 2002 to 2006 period.
Has been out of the UT market since. Waiting for the next crisis before going in again. Every year I say market very high, wait for correction. But every year market goes higher... Even during the GFC in 2008, It thought that the market will be lower, so I did waited and waited and missed the boat. :(
Some internet portal charge low sales commission, like Fund Supermart etc..
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Lost over 40K in UT with citibank. Fedup with them wanted to withdraw send young sweet banker talk to me still insisted on withdrawing. Wah! gave me the cold treatment after that. Took whatever $ I got back and decided to do my own investment. After 1.5yrs recovered back my looses
I was heavily into unit trusts: Citibank & DBS. With Citibank I just broke even after so many years. I got out & invested elsewhere. If I was still invested I would no doubt have been burned by the financial crisis which started around 2008.
Still have my CPF invested with DBS unit trusts. Made heavy losses even before the financial crisis. Just have to ignore it as I doubt I will ever get to touch it as long as the PAP is still in power:(
Fortunately I diversified my investments. What did make money was the $$ I nvested in the stock maket in Spore, US & Malaysia.
The only regret I have is that I wasted so much time on unit trusts. If I had immediately gone into stocks could have made more
If you are a regular trader(not investor) I heard that Interactive Broker has one of the best rates around. It's not user friendly but the charges are one of the lowest.
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