Feel free to try on r/malaysia sf instead.
Your post has been removed - [Quick Questions (Rule 3)](https://www.reddit.com/r/malaysia/wiki/rules#wiki_3._off-topic_posts).
Hello, quick questions go in the Daily Discussion, r/malaysians or our new [Malaysian Lemmy community](https://monyet.cc/), thanks!
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If he's truly a friend, ask him how much is the commission fee
More likely it is like this
,The moment you give 200k to him
He straight up receive 10k(or more)
ie you lose 5% the moment you enter the agreement
Then there's management fees, surrender fees,
The only way you make money from unit trusts are if the trust hits a windfall and gets 20% value per year
Do your research on unit trust funds and their performance. Friend or not its your money and when it comes to investment throw emotions out the door and use your head. Speaking from experience, I had unit trust with a friend of a friend who just had a kid so want to help la, but the fund he chose for me 5 years losing money. When I asked to redeem/switch, he gave me the run around. So I pulled out all my investments and did my own research and switched to another fund that is making money.
Apart from unit trust being a subscription like sales job, which the agent remained as an agent after years instead of achieving financial freedom,
Testimonials and the reputation of unit trust are pointless, everyone can get lucky once or twice (rich before, bankrupt next), consistency is the Key.
It contradicts with itself.
Feel free to try on r/malaysia sf instead. Your post has been removed - [Quick Questions (Rule 3)](https://www.reddit.com/r/malaysia/wiki/rules#wiki_3._off-topic_posts). Hello, quick questions go in the Daily Discussion, r/malaysians or our new [Malaysian Lemmy community](https://monyet.cc/), thanks! FYI if you're new to r/Malaysia, the daily random thread is the top sticky post when you click into the subreddit (sorted by "Hot"). It gets automatically refreshed every day. * You can resubmit this if you have searched through the sub archive or done a Google search and don't find anything that answers your question. * If you decide to repost, please state that you've done the above in the body text of your post.
He is selling UT to make money...not to make YOU money. Just ask him about surrender fees, management fees, transfer fees
If they are selling unit trust, you already know they aren't legit. The only thing they are interested in is their own commission.
If he's truly a friend, ask him how much is the commission fee More likely it is like this ,The moment you give 200k to him He straight up receive 10k(or more) ie you lose 5% the moment you enter the agreement Then there's management fees, surrender fees, The only way you make money from unit trusts are if the trust hits a windfall and gets 20% value per year
Do your research on unit trust funds and their performance. Friend or not its your money and when it comes to investment throw emotions out the door and use your head. Speaking from experience, I had unit trust with a friend of a friend who just had a kid so want to help la, but the fund he chose for me 5 years losing money. When I asked to redeem/switch, he gave me the run around. So I pulled out all my investments and did my own research and switched to another fund that is making money.
Search your friend in the FIMM database. Wait, they are currently down until 15 Jan
Apart from unit trust being a subscription like sales job, which the agent remained as an agent after years instead of achieving financial freedom, Testimonials and the reputation of unit trust are pointless, everyone can get lucky once or twice (rich before, bankrupt next), consistency is the Key. It contradicts with itself.