how does financial advisor work?  

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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
21/08/2017 7:55 pm  

Hi hi. I know a little bit about FA but not much. So am hoping to get some advise cause i really thinking of getting help from one.

I imagine an FA will sit with me and go through all my finances, like my cc debts, other loans and installments and my salary and other expenses, then he or she will advise how best to sort out my money, and how much to invest and where to invest? Is my assumption right?

And how do i pay him or her? Do they earn a comm from the investment i make? Lifetime? Thanks in advance!

 

 

 

 


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
23/08/2017 9:55 am  

I imagine an FA will sit with me and go through all my finances, like my cc debts, other loans and installments and my salary and other expenses, then he or she will advise how best to sort out my money, and how much to invest and where to invest? Is my assumption right?

Yes.you right

And how do i pay him or her? Do they earn a comm from the investment i make? Lifetime?

Actually we get commission from what clients do.

Example (all are example only)

-for insurance, we get commission from clients contribution for 6 years with depreciation percentage every year.

e.g 1st year 35%, 2nd year 30%... 6th year 5%

-for unit trust, based on what fund client invest. example for fund A, commission is 1% each month until client stop invest.

 

 

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
27/08/2017 7:04 pm  

Hiii. Sorry so long never logged in to check. Thanks Muhamad for your answer. Just curious,  when you say unit trust 1% commission, that is 1% on the returns right? Now how much customer invest?


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
27/08/2017 9:21 pm  

1% is an example... depending on what fund (e.g. Eastspring Investments Dana al-Ilham Fund, Affin Hwang Aiiman Growth Fund) you invest, commission are varies from one another.

Minimum invest in unit trust is RM100.. maximum is up to investor 🙂

Personally, I would like to encourage public to use their EPF/KWSP account 1 to invest in Unit Trust.

Just keep money in account 1 with average 6% return, why not invest in Unit Trust that can give average 10% in return?

🙂

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
27/08/2017 9:27 pm  
Posted by: Muhammad Md Yazed

1% is an example... depending on what fund (e.g. Eastspring Investments Dana al-Ilham Fund, Affin Hwang Aiiman Growth Fund) you invest, commission are varies from one another.

Minimum invest in unit trust is RM100.. maximum is up to investor 🙂

Personally, I would like to encourage public to use their EPF/KWSP account 1 to invest in Unit Trust.

Just keep money in account 1 with average 6% return, why not invest in Unit Trust that can give average 10% in return?

🙂

Yes hi I understand that 1% is only example. My question is the % on the return or the amount invested? Can I take out all money from account 1? And how sure is 10% return for unit trust? And one more, can I take out the profit whenever  i want?


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
27/08/2017 9:39 pm  

When invest in Unit Trust, we must willingly to loose money because investment is high risk, high return.

So, we need to do some homework to know which fund will give % return stable and higher. Normally Unit Trust Agent will suggest what fund that perform (I still study about this. Will get my license soon).

We cannot take all money from account 1 because account 1 have many restriction. One that I know is for investment in Unit Trust. There have formula to calculate how much can take for investment. Refer here.

Formula : Total in account 1 (-) Basic savings (x) 30% = Eligible amount to invest.

Investment in unit trust is for Long Term. Meaning that, we will see the result after 3 to 5 years. Best time to take out after 5 years.

If planning to take out early, better do not invest in unit trust.

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
27/08/2017 10:59 pm  

I see. Understand now. Thank you Muhamad and good luck with your license!


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
27/08/2017 11:05 pm  

In addition, unit trust is to accumulate units. the more units, the higher you will gain profit based on selling & buying price 🙂

But if you want faster results, you are welcome to join trading in Bursa Malaysia. join daily trading 😉

Thanks for the cheers 😉

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
28/08/2017 10:52 am  
Posted by: Muhammad Md Yazed

In addition, unit trust is to accumulate units. the more units, the higher you will gain profit based on selling & buying price 🙂

But if you want faster results, you are welcome to join trading in Bursa Malaysia. join daily trading 😉

Thanks for the cheers 😉

Ya ya I always wanted to learn how to play the stock market. Do you know if there's any training course i can attend?


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
28/08/2017 11:11 am  

In that case, i suggest you to attend class with Engineer Saham

I attend their class and very nice because their teach how to study on counter, how to choose, how to enter, how to exit, and others...

And the platform to trade, i suggest using Melaka Securities (M+) because their fee toooooooo cheap!

 

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
28/08/2017 12:00 pm  
Posted by: Muhammad Md Yazed

In that case, i suggest you to attend class with Engineer Saham

I attend their class and very nice because their teach how to study on counter, how to choose, how to enter, how to exit, and others...

And the platform to trade, i suggest using Melaka Securities (M+) because their fee toooooooo cheap!

 

Thank you thank you thank you! Just looked at their FB page it looks good. I think you just changed my life Encik Muhammad! 🙂 🙂


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(@muhammadyazed)
Trusted Member Agent
Joined: 2 years ago
Posts: 93
28/08/2017 12:07 pm  

Welcome 🙂

Actually i'm just a normal insurance agent... But I have some knowledge and willing to share to others.

Anyway, if have questions regarding financial.. just post in this forum.

Many agents including me will help too 🙂

Muhammad
VMC Membership Takaful Advisor
http://vmcvip.wasap.my/


Elin_iBanding and May liked
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 May
(@may)
Active Member
Joined: 2 years ago
Posts: 8
28/08/2017 1:27 pm  
Posted by: Muhammad Md Yazed

Welcome 🙂

Actually i'm just a normal insurance agent... But I have some knowledge and willing to share to others.

Anyway, if have questions regarding financial.. just post in this forum.

Many agents including me will help too 🙂

Your willingness to help is very much appreciated sir! 🙂


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(@elin_ibanding)
Member Admin
Joined: 2 years ago
Posts: 33
28/08/2017 1:29 pm  
Posted by: Muhammad Md Yazed

Welcome 🙂

Actually i'm just a normal insurance agent... But I have some knowledge and willing to share to others.

Anyway, if have questions regarding financial.. just post in this forum.

Many agents including me will help too 🙂

Thank you En. Muhammad! 🙂


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(@bala1977)
Eminent Member
Joined: 2 years ago
Posts: 20
30/08/2017 1:22 pm  

Hey thanks. This is good info! 

Be. Don't try to become. - Osho


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