Unit Trust

[cokecheers]

I invested a lump sum 5 year ago on eastsrping investment Funds - monthly income plan M. Previously monthly interest was good, fixed 5% monthly.
However last yr, there has been some change where the interest now become % of the NAV and now interest become 3% monthly. adding to the problem, the unit price drop almost half from what i have invested.

So taking consideration of the interest i have gotten, i now suffered a paper lost of around 10k. and recommendation wat should I do to cut lost?

 

[sohguanh]

I invested a lump sum 5 year ago on eastsrping investment Funds - monthly income plan M. Previously monthly interest was good, fixed 5% monthly.
However last yr, there has been some change where the interest now become % of the NAV and now interest become 3% monthly. adding to the problem, the unit price drop almost half from what i have invested.

So taking consideration of the interest i have gotten, i now suffered a paper lost of around 10k. and recommendation wat should I do to cut lost?

Depend on which broker you use some allow inter or intra fund transfer at no cost. E.g FSMOne allow and I have that same fund as you and do a inter fund transfer which later recovered. Lesson learnt is don't invest unit trust just for dividends purely. You will slowly get it after you invest more years. Funds that are mandated or forced to pay out high dividends usually their nav don't move up fast a lot and lousy funds actually go into negative.

 

[wutawa]

I invested a lump sum 5 year ago on eastsrping investment Funds - monthly income plan M. Previously monthly interest was good, fixed 5% monthly.
However last yr, there has been some change where the interest now become % of the NAV and now interest become 3% monthly. adding to the problem, the unit price drop almost half from what i have invested.

So taking consideration of the interest i have gotten, i now suffered a paper lost of around 10k. and recommendation wat should I do to cut lost?

thanks for sharing your bad experience.

(vested in mari invest)

 

[cokecheers]

Depend on which broker you use some allow inter or intra fund transfer at no cost. E.g FSMOne allow and I have that same fund as you and do a inter fund transfer which later recovered. Lesson learnt is don't invest unit trust just for dividends purely. You will slowly get it after you invest more years. Funds that are mandated or forced to pay out high dividends usually their nav don't move up fast a lot and lousy funds actually go into negative.

Any recommendations of which fund i should switch to?

 

[sohguanh]

Any recommendations of which fund i should switch to?

It depend on which broker you are using or bought through banks, financial institution etc. Those channels you may not be able to DIY too and if they allow some charge redemption or switching fees.

Which fund will depend you only want pure dividend kind, half half, no dividend? Then based on asset class, geography, past history, fees.

I do not put fees as highest criteria becuz I know some funds low fees they perform only barely same as funds with higher fees which is handled by more skillful manager.

And some hardcore ETF supporters will ask you go for ETF instead which most of the time required you to change SGD to other currency usually USD.

 

[cokecheers]

It depend on which broker you are using or bought through banks, financial institution etc. Those channels you may not be able to DIY too and if they allow some charge redemption or switching fees.

Which fund will depend you only want pure dividend kind, half half, no dividend? Then based on asset class, geography, past history, fees.

I do not put fees as highest criteria becuz I know some funds low fees they perform only barely same as funds with higher fees which is handled by more skillful manager.

And some hardcore ETF supporters will ask you go for ETF instead which most of the time required you to change SGD to other currency usually USD.

I bought through boc. I prefer half half. Regarding fee, i need to check boc if they allow me to switch without fee, which i doubt so