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Old 06-11-2019, 09:51 AM   #1
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Investment Advice for Old Newbie

hello all, I am in my mid-40s and finally realized that I need to plan for retirement in maybe another... 15 years

from my tiny research, I am looking at the below options for long term and probably very high risks investments, do provide your kind comments or advice:

- $100K investing in Maybank products which the RM briefly told me it's around 7% to 8% returns
- $50K in robo advisors (no know which one, StashAway? SYFE? FSMOne?) with monthly amounts, as a start to test out before loading more funds

or any suggestions?

thanks in advance
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Old 06-11-2019, 09:59 AM   #2
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hello all, I am in my mid-40s and finally realized that I need to plan for retirement in maybe another... 15 years

from my tiny research, I am looking at the below options for long term and probably very high risks investments, do provide your kind comments or advice:

- $100K investing in Maybank products which the RM briefly told me it's around 7% to 8% returns
- $50K in robo advisors (no know which one, StashAway? SYFE? FSMOne?) with monthly amounts, as a start to test out before loading more funds

or any suggestions?

thanks in advance
Maybe you can name out what is the maybank product for better advice?
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Old 06-11-2019, 12:51 PM   #3
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Maybe you can name out what is the maybank product for better advice?
if I am not wrong, these are the ones
  • JP Morgan Global Income
  • BlackRock Dynamic High Income
  • Fidelity Funds - Global Multi Asset Income Fund
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Old 06-11-2019, 12:58 PM   #4
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if I am not wrong, these are the ones
  • JP Morgan Global Income
  • BlackRock Dynamic High Income
  • Fidelity Funds - Global Multi Asset Income Fund
But why maybank?
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Old 06-11-2019, 01:02 PM   #5
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But why maybank?
oh, because it's convenient in terms of location, and can get their privilege benefits since their requirement is only $50K?
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Old 06-11-2019, 01:17 PM   #6
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oh, because it's convenient in terms of location, and can get their privilege benefits since their requirement is only $50K?
What kind of privilege as their charge might be high for that investment
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Old 06-11-2019, 01:27 PM   #7
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What kind of privilege as their charge might be high for that investment
any recommendations?
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Old 06-11-2019, 01:39 PM   #8
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Would you really use the privilege or lounge?

Have one with the local bank but did not bother with their privilege. Neither did I use any of their investment products.

For those recommended by your RM, what is the TER?
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Old 06-11-2019, 01:50 PM   #9
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any recommendations?
Recommendation will not be just like that. More of your risk level. I would not recommend 100% all into investment. Unless that all your spare money.
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Old 06-11-2019, 04:24 PM   #10
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As someone else mentioned earlier you should really check the TER (total expense ratio) of the products Maybank is offering.

Syfe announced a financial advisory offering today (some of it seems to be paid offering), maybe they can help you.
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Old 06-11-2019, 06:34 PM   #11
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  • JP Morgan Global Income
This is a global bond fund, and it's about 2/3rds junk bonds. There's an initial sales charge of up to 5%, and the fund manager's fee alone is 1.25% per year.

  • BlackRock Dynamic High Income
I think this is called the "BGF Dynamic High Income Fund." It's an actively managed fund, and it's also global, albeit not so well diversified. It currently does a lot of covered call writing, holds a decent chunk of junk bonds, makes floating rate loans, a little emerging market debt.... Just a bunch of oddball (and rather risky) stuff. The initial sales charge is up to 5%, and the annual management fee alone is 1.5%.

  • Fidelity Funds - Global Multi Asset Income Fund
This is another mixed fund holding a lot of bonds (including junk and emerging market bonds) and some stocks, also international. The initial sales charge is up to 5.25%, and the annual management fee alone is 1.25%.

I think it's safe to say that the person who recommended these funds is highly likely to be maximizing his/her sales commissions. Your interests are secondary, if that.

All three of these funds are high cost. You can do better, much better.
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Old 06-11-2019, 08:30 PM   #12
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This is a global bond fund, and it's about 2/3rds junk bonds. There's an initial sales charge of up to 5%, and the fund manager's fee alone is 1.25% per year.


I think this is called the "BGF Dynamic High Income Fund." It's an actively managed fund, and it's also global, albeit not so well diversified. It currently does a lot of covered call writing, holds a decent chunk of junk bonds, makes floating rate loans, a little emerging market debt.... Just a bunch of oddball (and rather risky) stuff. The initial sales charge is up to 5%, and the annual management fee alone is 1.5%.


This is another mixed fund holding a lot of bonds (including junk and emerging market bonds) and some stocks, also international. The initial sales charge is up to 5.25%, and the annual management fee alone is 1.25%.

I think it's safe to say that the person who recommended these funds is highly likely to be maximizing his/her sales commissions. Your interests are secondary, if that.

All three of these funds are high cost. You can do better, much better.
But to be fair I have never seen a bank that actually charges "up to 5%" for the initial sales charge
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Old 06-11-2019, 08:40 PM   #13
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But to be fair I have never seen a bank that actually charges "up to 5%" for the initial sales charge
I personally have seen many being charge 3-5%.
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Old 06-11-2019, 08:47 PM   #14
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But to be fair I have never seen a bank that actually charges "up to 5%" for the initial sales charge
You have never? Go to maybank, they charge 5% sales charge. My mum was charged 3.5% at UOB. Dollardex, FSM, Philip's charge zero fees, I don't why people still go to bank to get chopped.
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Old 06-11-2019, 09:14 PM   #15
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I personally have seen many being charge 3-5%.
You have never? Go to maybank, they charge 5% sales charge. My mum was charged 3.5% at UOB. Dollardex, FSM, Philip's charge zero fees, I don't why people still go to bank to get chopped.
wah then i count myself lucky as dbs just 0.82%.
3-5% is indeed ridiculous. dump the RM immediately.

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