Friday, February 17, 2012
Invest With These Steps
Choose Your Investment Funds ->
Please fill Contact Me For Advice form so our consultants can contact you shortly.http://kl-mutual.blogspot.com/2012/02/contact-me-for-advice.html
Public Mutual Fund Price:http://www.publicmutual.com.my/application/fund/fundprice.aspx
Public Mutual Fund Review:
http://www.publicmutual.com.my/LinkClick.aspx?fileticket=sVL-nIkbYeI%3d&tabid=248
Contact: +6017 3030 100 Alex Tan (WhatsApp too)
Facebook: alextancr@yahoo.com
Skype: alextancr
Email alextancr@yahoo.com
Website: http://kl-mutual.blogspot.com/
Thursday, February 16, 2012
Will Writing Free Service
At Public Mutual, we provide excellent service to our valued unitholders.
WILL & WASIAT WRITING SERVICES
Enquiries OnYour Account With Us
Will and Wasiat Writing Services are legally effective arrangements to ensure the disposition of assets in accordance to ones' personal wishes. It helps to smoothen the process of estate administration and distribution.
Although writing a will or wasiat may seem like a daunting task and not of utmost importance; failure to plan and arrange your affairs now might bring hassles to your loved ones in the future.
Hence, make a wise choice today to mitigate family disputes and ensure your loved ones are protected.
What is Will?
A legally binding document by which an individual signifies his/her wishes as to the distribution of his/her estate upon death.
Importance of a Will
Expedite legal process
Faster distribution of the estate and less costly
Preservation of wealth (for future generation)
Mitigate family disputes
Benefit of Will Writing
Cater for beneficiaries outside the law
Own choice of executor, trustee and guardian
Specify assets to specific beneficiaries
Determine the age of entitlement up to 21 years old
Revocable
Can retain ownership of assets
No sureties required
Avoid depletion of assets
Final Message
Peace of mind
What if you don't have a Will?
If you don’t have a Will, your estate has to be distributed according to the Distribution Act 1958 as shown:
Under Distribution Act 1958 (As Amended in 1997)
Primary beneficiaries are spouse, issues and parent(s)
Note: If there is no living primary beneficiaries, then the following person (s) are entitled to the estate in accordance to priority:
Brothers & Sisters
Grandparents
Uncles & Aunts
Great Grandparents
Great Uncles & Aunts
Government
What are the possible implications if someone dies without Will?
Time consuming and costly
Beneficiaries and percentage of inheritance are determined by the Law
Beneficiaries outside the Law will not benefit
Appointment of administrator
Requirement of two (2) sureties
Implications of not having Will
Possibility of splitting of assets to too many beneficiaries
Wishes of the deceased will never be heard thereafter
Inheritance might be misused by immature beneficiaries
Family disputes
Depletion of assets
No peace of mind
WILL & WASIAT WRITING SERVICES
Enquiries OnYour Account With Us
Will and Wasiat Writing Services are legally effective arrangements to ensure the disposition of assets in accordance to ones' personal wishes. It helps to smoothen the process of estate administration and distribution.
Although writing a will or wasiat may seem like a daunting task and not of utmost importance; failure to plan and arrange your affairs now might bring hassles to your loved ones in the future.
Hence, make a wise choice today to mitigate family disputes and ensure your loved ones are protected.
What is Will?
A legally binding document by which an individual signifies his/her wishes as to the distribution of his/her estate upon death.
Importance of a Will
Expedite legal process
Faster distribution of the estate and less costly
Preservation of wealth (for future generation)
Mitigate family disputes
Benefit of Will Writing
Cater for beneficiaries outside the law
Own choice of executor, trustee and guardian
Specify assets to specific beneficiaries
Determine the age of entitlement up to 21 years old
Revocable
Can retain ownership of assets
No sureties required
Avoid depletion of assets
Final Message
Peace of mind
What if you don't have a Will?
If you don’t have a Will, your estate has to be distributed according to the Distribution Act 1958 as shown:
Under Distribution Act 1958 (As Amended in 1997)
Primary beneficiaries are spouse, issues and parent(s)
Note: If there is no living primary beneficiaries, then the following person (s) are entitled to the estate in accordance to priority:
Brothers & Sisters
Grandparents
Uncles & Aunts
Great Grandparents
Great Uncles & Aunts
Government
What are the possible implications if someone dies without Will?
Time consuming and costly
Beneficiaries and percentage of inheritance are determined by the Law
Beneficiaries outside the Law will not benefit
Appointment of administrator
Requirement of two (2) sureties
Implications of not having Will
Possibility of splitting of assets to too many beneficiaries
Wishes of the deceased will never be heard thereafter
Inheritance might be misused by immature beneficiaries
Family disputes
Depletion of assets
No peace of mind
Contact Me
My name is Alex Tan. I would like to introduce some financial planning plans to potential investors in Malaysia. I am a certified Public Mutual consultant. Visioning what you need towards what you earn and how can mutual funds investment help you achieve what you need. Contact: 017 3030 100 Alex Tan (WhatsApp)
Facebook: alextancr@yahoo.com
Skype: alextancr
Email alextancr@yahoo.com
Website: http://kl-mutual.blogspot.com
*Coverage Area Klang Valley (KL, PJ, Shah Alam, Klang).
I specialise in helping couples, family, anyone to invest for their future whether be in short term or long term.Financial Planning Personal Accident, Medical and Life Insurance Planning. I am a certified Public Mutual Consultant.
*Total returns for 5 years:
1) Public Ittikal Fund => 167.15%
2) Public SmallCap Fund => 197.85%
*Total returns for 10 years respectively as at 31 December 2007.
Source: Lipper,14 January 2008
1) Public Bond Fund => 126.66%
2) Public Ittikal Fund => 313.34%
Facebook: alextancr@yahoo.com
Skype: alextancr
Email alextancr@yahoo.com
Website: http://kl-mutual.blogspot.com
*Coverage Area Klang Valley (KL, PJ, Shah Alam, Klang).
I specialise in helping couples, family, anyone to invest for their future whether be in short term or long term.Financial Planning Personal Accident, Medical and Life Insurance Planning. I am a certified Public Mutual Consultant.
*Total returns for 5 years:
1) Public Ittikal Fund => 167.15%
2) Public SmallCap Fund => 197.85%
*Total returns for 10 years respectively as at 31 December 2007.
Source: Lipper,14 January 2008
1) Public Bond Fund => 126.66%
2) Public Ittikal Fund => 313.34%
Investment Tips On New Era
Why Isn’t One Investment Plan Right For Everyone?
Before investing, decide what you want your investments to do. Investing is simply using money to make more money. Investment ringgit are not meant to be used for daily living essentials.
You might choose to invest in bank deposits, government bonds, securities, or life insurance. They are all different, and no single investment channel fits the needs of every individual.
Neither can a single financial product fulfill all our needs at different stages of our lives.
Since most unit trusts or collective investments limit their investments to securities, let us explore some of the reasons why investors, both institutional and individuals, might want to own a unit trust. Many prefer unit trusts because they are easily bought and sold. They represent variety and flexibility of returns. Unit trusts can be bought at varying prices, from very low to very high, and small amounts can be invested at convenient intervals. Unit trusts can be selected, often with excellent results, by having limited investment background.
When investing in unit trusts, investors can profit in two ways. They may receive distributions. Since the market value of unit trusts fluctuates, investors also profit when selling their unit trusts in the event of substantial or marginal increase in value. However, fluctuation also means the value of your unit trust can go down in value. That is why unit trusts are recommended for medium to long-term investment programme. Regardless of which unit trust is selected, it should meet the investment goals. A basic rule is that it should not be done on impulse.
What About People Who Are Retired Or Have A Family?
Age is a strong consideration in investment decision. Notice how conservatism comes with age. With age, comes the awareness that a serious investment error could jeopardise the security that has taken years to accumulate. The closer the retirement, the fewer the years to rebuild.
Investment risk is quite different from gambling. Weighing risk based on facts is investing. Taking chances based on odds is gambling. The point is, age is an important factor in deciding risk.
Another strong consideration is responsibilities. A young individual beginning a career with the additional responsibility of one or more children must weigh these responsibilities. The most protection for the fewest ringgit should supercede any forced savings that would reduce family protection.
Financial needs change. How they are met should depend on our responsibility.
Why Should I Start Investing Today?
Today’s decision should consider tomorrow’s needs. There is a direct relationship between the amount of money you need to accumulate and the number of years you have to do it.
For example, if you plan to have a RM120,000 education fund, have 20 years to do it, and expect an annual rate of return of 12%, you have to invest only a little over RM120 a month. Wait 5 years, and with 15 years left you will need over RM240 a month. Procrastinate another 10 years, you will have to take almost RM1,470 each month!
Time can be a real asset when planning for a child’s education or our retirement. The more time we have to save, the fewer ringgit we need now. Do not let time slip away.
What Are The Three Rules Of Investing?
There is no simple formula for successful investing. If there were, it would include three basic elements:
1. Understand what we buy
2. Buy value at a reasonable price
3. Be patient
Understanding is so basic, it is often neglected. Too often an investment is made with no total understanding of the transaction. It is vital to understand your investment – the good, the bad, the risks and the rewards. Fully comprehending the objective of any investment will help you be more comfortable.
Value buying demands both research and discipline. A stock may be judged undervalued for various reasons. If an industry is out of favor, the market value of the stocks within the industry might go lower but, if the fundamentals are still positive, it is an opportunity for the investor to buy selectively as it is still a good value stock.
Patience is a vital ingredient of value investing. It could take several years for the value of your investment to materialise. This waiting period demands both patience and confidence. Most successful investors know it takes time for their investment to double, triple, and so forth. Professional managers generally agree that 5 years is reasonable.
Choosing A Professional Fund Manager : Why Can’t I Do It Myself?
“Put not your trust in money, but put your money in trust”
-Oliver Wendell Holmes
There are a lot of peolple who like to “do it their way” when it comes to investing. Right or wrong, they want to be captain of their ship. But not eveyone can or likes to be captain of their ship. Being a passenger has advantages. It is usually more comfortable and certainly less time consuming. When your investments are managed by someone else, you sit back and either reap the harvest or suffer the loss.
Bank deposits and insurance are the best known managed investments outside the securities area. They usually have some guarantee of principal or income, and the income is usually low with not much risk.
Where does that leave you if you want your money to not only produce a reasonable income now, but to also grow over the years?
The answer to your question is PROFESSIONAL FUND MANAGEMENT…..If you lack experience, time, financial resources, or courage to personally manage investments, or if you believe others can get better results, this is the way to go.
Selecting The Right Unit Trust – How Do I Find A Unit Trust That Fits My Objective?
It used to be simple selecting a unit trust. Today, there are a multitude of different unit trust funds competing for investment ringgit. Perhaps a simpler way is to first identify your investment objectives. If you want your money to grow a larger sum in the future to pay for an objective and your risk tolerance is higher, you may choose a growth fund to do the job. On the other hand, if you need an ongoing income stream to pay for expenses and your risk tolerance is low, a better choice may be a bond fund. You may have different investment objectives, risk tolerance and time horizons at any one time, which warrants owning a mixture of different unit trust funds for different investment purposes.
Why Do I Have To Spend All That Time Reading A Prospectus?
Before investing in any unit trust, read the prospectus. It’s required that you get one, so if it’s not offered, ask for it!
A prospectus is your protection contract. It tells you all you need to know about the fund. If you plan to own the fund, you will want to know how your money will be invested.
The prospectus is a blueprint of the fund. It tells what the fund managers can and cannot do with your money. It describes risk and limits, and the amount of risk the fund is allowed to take. It tells you whether the purpose of the fund is to make profit as quickly as possible or to make only reasonable gains while first bringing in income and protecting your principal.
Many investors who are in a hurry to reach their goal, take the shortcut of not reading the prospectus. This could jeopardise your investing decisions. Read the prospectus. Arm yourself with sufficient information to make an ‘informed decision’. It prepares you for what lies ahead.
There are many unit trusts funds from which to choose, but having considered the type of fund or funds most likely to meet your needs, you have already narrowed down your choices considerably.
The next logical step is to decide which unit trust fund to invest in.
What To Look For ?
A random check will confirm most, if not all, investors would look at the performance or investment results.
Unfortunately, it is impossible to predict a unit trust’s future investment performance. This will depend on the type of fund, the general market trends and the investments which a fund manager picks.
Most managers would provide the past performance tables that normally show the total returns since inception or how much an initial investment made several years ago would be worth today with any income reinvested.
Look at the performance of the funds but do not pay too much attention to period of a year or less – external factors beyond the control of the managers may have influenced results – a high flyer may not stand the test of time. Ideally, a fund showing consistent performance over a long period, the longer the better.
Check the performance of a company’s other funds to make sure that it was not just a bit of luck with one fund.
Do not let another type of fund take your fancy just because it has produced better results than the one you had initially chosen. It may be more risky and may not meet your requirements.
However, be warned, past performance figures are no guarantee of the future. A fund that has performed well in the past may not do so in the future and vice versa. Go to Fund Performance for fund comparisons.
Do’s and Don’ts of Choosing a Unit Trust Fund
Do
· Decide which type of unit trust fund meets your saving needs.
· Shop around for a reliable unit trust company
· Check whether investment limits, frequency of income payments, etc, are suitable
· Check past performance records
Don’t
· Don’t choose any unit trust fund just because its performance has been good, make sure it is the right fund for you.
· Don’t pay too much attention to short term performance, good consistent performance over all periods is the best lead.
· Don’t decide on a unit trust fund just because it has low charges, good performance is far more important
· Don’t borrow to invest in unit trust unless you are absolutely aware of the risk involved.
6.0 Why Choose Unit Trust? December 2, 2006
With the proliferation of various types of investment products in recent years, people often look for a straight forward, professionally managed investment opportunity that caters for basic investment needs. Public Mutual Berhad has succeeded in meeting those needs with its unit trust funds.
Children’s Education
Unit trust can help you to cover the spiralling cost of education for your children or grandchildren. The sooner you start your plan, the lesser will be the burden. Time can be your greatest ally. Go to Education Planning for more details.
Home Ownership
Unit trust can help you to pay off your mortgage earlier, purchase a bigger house or upgrade your existing house. As with any plan, start early. Many bricks build a castle. Go to Home Ownership Planning for more details.
Retirement
Growing old and retiring is inevitable. It is never too early to plan for retirement even though you have the comfort of the Employees’ Provident Fund (EPF). You have the right and choice to retire in dignity. Retire comfortably. Plan a nest for your retirement home, orchard and the likes. Unit trust can help do the job. Go to Retirement Planning for more details.
Cash Reserves
The only certainty in life is the uncertainty or unexpected emergencies. Unit trust can help you to set aside some cash for rainy days.
Regardless of your own needs and wants, unit trust makes sense, for potential return and security.
Most unit trust managers offer you a choice of ways to invest.
As A Lump Sum
The minimum lump sum investment in a unit trust is typically in the range of RM500 to RM2,000. There is no limit on how much you can save and invest in a unit trust, though if you are making a very large investment, it is usually advisable to spread your holdings among different funds so that you do not have all your eggs in one basket.
If you are worried that the stock market could fall back from a peak just as you invest your lump sum, you could consider investing it gradually through a regular savings plan.
Via A Regular Savings Plan
Regular savings plan allows investors to put in a set amount monthly to the unit trust of their choice. Usually the minimum initial amount is RM1000 though it may vary with fund managers. The minimum monthly additional investments usually start from RM100. This is a convenient way of saving, as monthly additional investments are usually paid through a bank’s standing instructions.
The regular savings plan is also flexible since they are not tied to a particular period of time. This can enhance the returns from unit trust that performs reasonably well over a long period. An advantage of the regular savings plan is that they even out fluctuations in unit price. The same investment each month will buy more units when the price is lower and fewer when the prices are high. The effect of ringgit cost averaging, as it is called, is to make the overall cost of units slightly cheaper. Of course, another advantage is that you can cash in the whole lot or part of it without penalty on any business day. Regular savings plan can improve returns significantly in the long run.
Before investing, decide what you want your investments to do. Investing is simply using money to make more money. Investment ringgit are not meant to be used for daily living essentials.
You might choose to invest in bank deposits, government bonds, securities, or life insurance. They are all different, and no single investment channel fits the needs of every individual.
Neither can a single financial product fulfill all our needs at different stages of our lives.
Since most unit trusts or collective investments limit their investments to securities, let us explore some of the reasons why investors, both institutional and individuals, might want to own a unit trust. Many prefer unit trusts because they are easily bought and sold. They represent variety and flexibility of returns. Unit trusts can be bought at varying prices, from very low to very high, and small amounts can be invested at convenient intervals. Unit trusts can be selected, often with excellent results, by having limited investment background.
When investing in unit trusts, investors can profit in two ways. They may receive distributions. Since the market value of unit trusts fluctuates, investors also profit when selling their unit trusts in the event of substantial or marginal increase in value. However, fluctuation also means the value of your unit trust can go down in value. That is why unit trusts are recommended for medium to long-term investment programme. Regardless of which unit trust is selected, it should meet the investment goals. A basic rule is that it should not be done on impulse.
What About People Who Are Retired Or Have A Family?
Age is a strong consideration in investment decision. Notice how conservatism comes with age. With age, comes the awareness that a serious investment error could jeopardise the security that has taken years to accumulate. The closer the retirement, the fewer the years to rebuild.
Investment risk is quite different from gambling. Weighing risk based on facts is investing. Taking chances based on odds is gambling. The point is, age is an important factor in deciding risk.
Another strong consideration is responsibilities. A young individual beginning a career with the additional responsibility of one or more children must weigh these responsibilities. The most protection for the fewest ringgit should supercede any forced savings that would reduce family protection.
Financial needs change. How they are met should depend on our responsibility.
Why Should I Start Investing Today?
Today’s decision should consider tomorrow’s needs. There is a direct relationship between the amount of money you need to accumulate and the number of years you have to do it.
For example, if you plan to have a RM120,000 education fund, have 20 years to do it, and expect an annual rate of return of 12%, you have to invest only a little over RM120 a month. Wait 5 years, and with 15 years left you will need over RM240 a month. Procrastinate another 10 years, you will have to take almost RM1,470 each month!
Time can be a real asset when planning for a child’s education or our retirement. The more time we have to save, the fewer ringgit we need now. Do not let time slip away.
What Are The Three Rules Of Investing?
There is no simple formula for successful investing. If there were, it would include three basic elements:
1. Understand what we buy
2. Buy value at a reasonable price
3. Be patient
Understanding is so basic, it is often neglected. Too often an investment is made with no total understanding of the transaction. It is vital to understand your investment – the good, the bad, the risks and the rewards. Fully comprehending the objective of any investment will help you be more comfortable.
Value buying demands both research and discipline. A stock may be judged undervalued for various reasons. If an industry is out of favor, the market value of the stocks within the industry might go lower but, if the fundamentals are still positive, it is an opportunity for the investor to buy selectively as it is still a good value stock.
Patience is a vital ingredient of value investing. It could take several years for the value of your investment to materialise. This waiting period demands both patience and confidence. Most successful investors know it takes time for their investment to double, triple, and so forth. Professional managers generally agree that 5 years is reasonable.
Choosing A Professional Fund Manager : Why Can’t I Do It Myself?
“Put not your trust in money, but put your money in trust”
-Oliver Wendell Holmes
There are a lot of peolple who like to “do it their way” when it comes to investing. Right or wrong, they want to be captain of their ship. But not eveyone can or likes to be captain of their ship. Being a passenger has advantages. It is usually more comfortable and certainly less time consuming. When your investments are managed by someone else, you sit back and either reap the harvest or suffer the loss.
Bank deposits and insurance are the best known managed investments outside the securities area. They usually have some guarantee of principal or income, and the income is usually low with not much risk.
Where does that leave you if you want your money to not only produce a reasonable income now, but to also grow over the years?
The answer to your question is PROFESSIONAL FUND MANAGEMENT…..If you lack experience, time, financial resources, or courage to personally manage investments, or if you believe others can get better results, this is the way to go.
Selecting The Right Unit Trust – How Do I Find A Unit Trust That Fits My Objective?
It used to be simple selecting a unit trust. Today, there are a multitude of different unit trust funds competing for investment ringgit. Perhaps a simpler way is to first identify your investment objectives. If you want your money to grow a larger sum in the future to pay for an objective and your risk tolerance is higher, you may choose a growth fund to do the job. On the other hand, if you need an ongoing income stream to pay for expenses and your risk tolerance is low, a better choice may be a bond fund. You may have different investment objectives, risk tolerance and time horizons at any one time, which warrants owning a mixture of different unit trust funds for different investment purposes.
Why Do I Have To Spend All That Time Reading A Prospectus?
Before investing in any unit trust, read the prospectus. It’s required that you get one, so if it’s not offered, ask for it!
A prospectus is your protection contract. It tells you all you need to know about the fund. If you plan to own the fund, you will want to know how your money will be invested.
The prospectus is a blueprint of the fund. It tells what the fund managers can and cannot do with your money. It describes risk and limits, and the amount of risk the fund is allowed to take. It tells you whether the purpose of the fund is to make profit as quickly as possible or to make only reasonable gains while first bringing in income and protecting your principal.
Many investors who are in a hurry to reach their goal, take the shortcut of not reading the prospectus. This could jeopardise your investing decisions. Read the prospectus. Arm yourself with sufficient information to make an ‘informed decision’. It prepares you for what lies ahead.
There are many unit trusts funds from which to choose, but having considered the type of fund or funds most likely to meet your needs, you have already narrowed down your choices considerably.
The next logical step is to decide which unit trust fund to invest in.
What To Look For ?
A random check will confirm most, if not all, investors would look at the performance or investment results.
Unfortunately, it is impossible to predict a unit trust’s future investment performance. This will depend on the type of fund, the general market trends and the investments which a fund manager picks.
Most managers would provide the past performance tables that normally show the total returns since inception or how much an initial investment made several years ago would be worth today with any income reinvested.
Look at the performance of the funds but do not pay too much attention to period of a year or less – external factors beyond the control of the managers may have influenced results – a high flyer may not stand the test of time. Ideally, a fund showing consistent performance over a long period, the longer the better.
Check the performance of a company’s other funds to make sure that it was not just a bit of luck with one fund.
Do not let another type of fund take your fancy just because it has produced better results than the one you had initially chosen. It may be more risky and may not meet your requirements.
However, be warned, past performance figures are no guarantee of the future. A fund that has performed well in the past may not do so in the future and vice versa. Go to Fund Performance for fund comparisons.
Do’s and Don’ts of Choosing a Unit Trust Fund
Do
· Decide which type of unit trust fund meets your saving needs.
· Shop around for a reliable unit trust company
· Check whether investment limits, frequency of income payments, etc, are suitable
· Check past performance records
Don’t
· Don’t choose any unit trust fund just because its performance has been good, make sure it is the right fund for you.
· Don’t pay too much attention to short term performance, good consistent performance over all periods is the best lead.
· Don’t decide on a unit trust fund just because it has low charges, good performance is far more important
· Don’t borrow to invest in unit trust unless you are absolutely aware of the risk involved.
6.0 Why Choose Unit Trust? December 2, 2006
With the proliferation of various types of investment products in recent years, people often look for a straight forward, professionally managed investment opportunity that caters for basic investment needs. Public Mutual Berhad has succeeded in meeting those needs with its unit trust funds.
Children’s Education
Unit trust can help you to cover the spiralling cost of education for your children or grandchildren. The sooner you start your plan, the lesser will be the burden. Time can be your greatest ally. Go to Education Planning for more details.
Home Ownership
Unit trust can help you to pay off your mortgage earlier, purchase a bigger house or upgrade your existing house. As with any plan, start early. Many bricks build a castle. Go to Home Ownership Planning for more details.
Retirement
Growing old and retiring is inevitable. It is never too early to plan for retirement even though you have the comfort of the Employees’ Provident Fund (EPF). You have the right and choice to retire in dignity. Retire comfortably. Plan a nest for your retirement home, orchard and the likes. Unit trust can help do the job. Go to Retirement Planning for more details.
Cash Reserves
The only certainty in life is the uncertainty or unexpected emergencies. Unit trust can help you to set aside some cash for rainy days.
Regardless of your own needs and wants, unit trust makes sense, for potential return and security.
Most unit trust managers offer you a choice of ways to invest.
As A Lump Sum
The minimum lump sum investment in a unit trust is typically in the range of RM500 to RM2,000. There is no limit on how much you can save and invest in a unit trust, though if you are making a very large investment, it is usually advisable to spread your holdings among different funds so that you do not have all your eggs in one basket.
If you are worried that the stock market could fall back from a peak just as you invest your lump sum, you could consider investing it gradually through a regular savings plan.
Via A Regular Savings Plan
Regular savings plan allows investors to put in a set amount monthly to the unit trust of their choice. Usually the minimum initial amount is RM1000 though it may vary with fund managers. The minimum monthly additional investments usually start from RM100. This is a convenient way of saving, as monthly additional investments are usually paid through a bank’s standing instructions.
The regular savings plan is also flexible since they are not tied to a particular period of time. This can enhance the returns from unit trust that performs reasonably well over a long period. An advantage of the regular savings plan is that they even out fluctuations in unit price. The same investment each month will buy more units when the price is lower and fewer when the prices are high. The effect of ringgit cost averaging, as it is called, is to make the overall cost of units slightly cheaper. Of course, another advantage is that you can cash in the whole lot or part of it without penalty on any business day. Regular savings plan can improve returns significantly in the long run.
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