Need Help! Unit trust investment

[heng_ah]

i hope you realise that the phrase "0% max 2%" means there is no exit or redemption charge. like i said, i have never encountered a unit trust in fsmone or poems that charges exit or redemption fee.

Fsmone no platform fee for cpf.

First State Greater China is one of my top holdings, I am also holding First State Bridge.

My top holdings is from First State too.
I am with First State Dividend Advantage, bought using cash and SRS, dividends are reinvested.
It has performed quite well for me.

 

[chiBABOM!]

My top holdings is from First State too.
I am with First State Dividend Advantage, bought using cash and SRS, dividends are reinvested.
It has performed quite well for me.

First state diva is good. Quarterly dividends. Interested in making 10-20% p.a. consistently msg me

For unit trust unbelievers: noobs
As if stocks no platform fees.

 

[chiBABOM!]

i hope you realise that the phrase "0% max 2%" means there is no exit or redemption charge. like i said, i have never encountered a unit trust in fsmone or poems that charges exit or redemption fee.

Fsmone no platform fee for cpf.

First State Greater China is one of my top holdings, I am also holding First State Bridge.

Time to take some profit for China

 

[chipsetboy]

manulife unit trust

Hi All...a noob in investment here

My ManuLife agent propose me to invest in unit trust citing the example below.

a) example invest in 50k, each month will earn $400 pay by cheque via Manulife

b) can cancel anytime and return the full 50k investment

Is it too good ?lie ? or i miss out on something?


thank for all advise

 

[limster]

Hi All...a noob in investment here

My ManuLife agent propose me to invest in unit trust citing the example below.

a) example invest in 50k, each month will earn $400 pay by cheque via Manulife

b) can cancel anytime and return the full 50k investment

Is it too good ?lie ? or i miss out on something?


thank for all advise

I bet the agent didn't say 'guaranteed'. Non-guaranteed I can also say that you invest 50k and get back $1m (non-guaranteed)....

The only thing that is guaranteed is the agent's new BMW or Mercedes.

 

[chipsetboy]

Ya i don't remember the word guarantee been say?

So that mean there still a risk i might lost all investment sum?

thanks

 

[tangent314]

The most important thing will be to find out the name of the fund that your agent is intending to buy with your $50k.

Distribution of $400/month for a $50k investment implies 9.6% which does seem too good to be true without the AUM going down over time as distributions are being paid out.

Whatever it is, get the name of the fund and we can look it up for you to see if it does what your agent promises it will do.

 

[yoongf]

I thot these type of insurance plan is give $50k now, in 20yrs later then give u $400 a month till u die. Is not give now, take 400 now.

Annualise the yield.. is a negative value

 

[LlamaFinance]

Hope this helps!

LlamaFinance.blogspot.sg

 

[D0nut94]

Hello! I'm new to all these and I need some advice. My mum invested in a Manulife Unit Trust since 2016 and now the price of the unit trust is doing poorly. Is this due to the current volatile market or just a really poor unit trust?

What should I do? Should I bite the bullet and continue this or should I try to abandon ship?

Thanks!!

 

[JuniorLion]

Hello! I'm new to all these and I need some advice. My mum invested in a Manulife Unit Trust since 2016 and now the price of the unit trust is doing poorly. Is this due to the current volatile market or just a really poor unit trust?

What should I do? Should I bite the bullet and continue this or should I try to abandon ship?

Thanks!!

1) What is the name of the Manulife Policy Plan?
2) What is your premium payment?
3) Which fund(s) are you invested in?

 

[tangent314]

Hello! I'm new to all these and I need some advice. My mum invested in a Manulife Unit Trust since 2016 and now the price of the unit trust is doing poorly. Is this due to the current volatile market or just a really poor unit trust?

What should I do? Should I bite the bullet and continue this or should I try to abandon ship?

Need more information. Guessing she is in Manulife InvestReady either 1st or 2nd series. What are the UTs that she bought?

The UTs should have been doing fairly well since 2016. Look at https://en.wikipedia.org/wiki/MSCI_World you'll see that 2018 was a fairly bad year, but 2017 was a really good year.

The problem with investment plans sold by the insurance companies is that they are designed to lock you in for a significant amount of time. For Manulife InvestReady there are two levels of annual charges one of which expires after 10 years. They give you loyalty bonuses but those are only unlocked after many years of being with them. There are even early surrender charges. I think the units sold to you are based on bid price, but it could also be on offer price which is much much worse - not sure about this have to check.

Because of this we generally recommend using Poems or DollarDex to purchase unit trusts. On these platforms there are zero charges - no sales charge, no platform fee, no redemption fee, no switching fee. They also have a wide range of funds available, but more importantly they include some of our favorite funds from Lion Global that are more passively managed thus have lower management fees.

As for your mom, chances are she's already locked in to the point where it would be a better to just leave it until the end of the lock in period. We'll have to see what funds she's holding to see why they aren't doing as well as you think they should be.

 

[zuppeur]

I just set up VAP into lion seasonal series ( growth) with dollardex. Expenses ratio max 0.5%.it a mix of ETF and house fund. There is no sales charges and no platform fee.

 

[JuniorLion]

Need more information. Guessing she is in Manulife InvestReady either 1st or 2nd series. What are the UTs that she bought?

The UTs should have been doing fairly well since 2016. Look at https://en.wikipedia.org/wiki/MSCI_World you'll see that 2018 was a fairly bad year, but 2017 was a really good year.

The problem with investment plans sold by the insurance companies is that they are designed to lock you in for a significant amount of time. For Manulife InvestReady there are two levels of annual charges one of which expires after 10 years. They give you loyalty bonuses but those are only unlocked after many years of being with them. There are even early surrender charges. I think the units sold to you are based on bid price, but it could also be on offer price which is much much worse - not sure about this have to check.

Because of this we generally recommend using Poems or DollarDex to purchase unit trusts. On these platforms there are zero charges - no sales charge, no platform fee, no redemption fee, no switching fee. They also have a wide range of funds available, but more importantly they include some of our favorite funds from Lion Global that are more passively managed thus have lower management fees.

As for your mom, chances are she's already locked in to the point where it would be a better to just leave it until the end of the lock in period. We'll have to see what funds she's holding to see why they aren't doing as well as you think they should be.

InvestReady had no bid/offer spread.

But their management fees are 2.5% for the fiest 10 years (if one purchases 15 year plan), dropping to 0.8% from 11th year onwards. Terrible.

 

[tangent314]

Yeah the thing about bid/offer spread is that it's only a one time charge. Perpetual annual management fees are the real drag to your investment.

 

[D0nut94]

Thanks for everyone's reply! Really appreciated. She's buying into Global Asset Allocation Growth Fund and it seems it has only been on a downward trend since its inception in 2015. Any comments on this?

 

[JuniorLion]

Thanks for everyone's reply! Really appreciated. She's buying into Global Asset Allocation Growth Fund and it seems it has only been on a downward trend since its inception in 2015. Any comments on this?

What's the monthly premium?

 

[zuppeur]

Thanks for everyone's reply! Really appreciated. She's buying into Global Asset Allocation Growth Fund and it seems it has only been on a downward trend since its inception in 2015. Any comments on this?

is it market by manulife? there a thread on this fund.

https://forums.hardwarezone.com.sg/...bal-asset-allocation-growth-fund-5075468.html

 

[tangent314]

Thanks for everyone's reply! Really appreciated. She's buying into Global Asset Allocation Growth Fund and it seems it has only been on a downward trend since its inception in 2015. Any comments on this?

This is a dividend paying fund, so if you are just looking at NAV performance it doesn't tell the full picture.

Still, I think it's pretty ridiculous in term of how much fees you are paying for it. There's a small collection of ETFs domiciled in the US, so you are paying a lot of taxes (like 30%) on dividends. Manulife fund managers are charging 1.35% to just sit on these few ETFs. There's an additional 0.48% of fees handling the funds and including the fees for the underlying funds, resulting in a Total Expense Ratio of 1.83%/year.

And on top of all that, you are also paying 2.5%/year platform fee.

 

[bubbleteajanjee]

What kind of investment are you keen on bro?