Mutual fund vs insurance  

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(@jeremyy07)
New Member
Joined: 2 years ago
Posts: 3
26/07/2017 4:11 pm  

Really thinking about starting to invest soon. But need some infor which is the best option for me. Don't quite have a lot of extra money but want to start small, not yet millionaire haha

So thinking if mutual fund or insurance better. Anyone has experience?

 


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(@syahidah-jamil)
Eminent Member Agent
Joined: 2 years ago
Posts: 24
27/07/2017 7:45 pm  
Posted by: Jeremyy07

Really thinking about starting to invest soon. But need some infor which is the best option for me. Don't quite have a lot of extra money but want to start small, not yet millionaire haha

So thinking if mutual fund or insurance better. Anyone has experience?

 

Yes, I have both. Mutual funds are great if you have a big sum of money to invest. As you'll receive greater dividends afterwards. But there's only one problem with investing in mutual fund, there's no guarantee someone will put in the money for you in case of bad events. Hence, you still need to think of ways to cover up the commitment if you wanna enjoy the returns.

Meanwhile, for insurance, they have the option to invest as low as RM10 in equity or stocks. There'll be no one out there willingly to serve you for this low investment 😅 So imagine if you have more than RM100 or even RM1,000, definitely will boost up your investment. Not only that, this investment comes with protection as well in the events of disability or whatever bad things come to your mind. I mean, you don't have to worry about your investment as it has all been taken care of, while you can still enjoy the dividends and other benefits. Who else going to take over your investment commitment during those hard times, other than insurance company? 😉

Hope this helps!

~Syahidah (Prudential Wealth Planner) +6010 293 5424


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(@daniel-lee)
Active Member Agent
Joined: 2 years ago
Posts: 11
02/08/2017 5:13 pm  

Insurance is not advisable for investment but you can treat endowment insurance as saving if you are a low risk taker, needs something to force you to save and that you are confident to stay with the plan perhaps 30 to 40 years.

A more flexible and higher potential return investment instrument is unit trust. It is advisable to diversify your investment with different fund houses, different geographical area and different industry to manage your risk.

I am an independent financial adviser that isn't tied to a single insurance or investment companies. Perhaps I can advise you better without any bias. Kindly feel free to contact me at 018 2610 688


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(@myeliteagency)
Trusted Member Agent
Joined: 2 years ago
Posts: 58
02/08/2017 7:45 pm  
Posted by: Jeremyy07

Really thinking about starting to invest soon. But need some infor which is the best option for me. Don't quite have a lot of extra money but want to start small, not yet millionaire haha

So thinking if mutual fund or insurance better. Anyone has experience?

 

Hi Jeremyy, 

Great to see you again. If only based on information given above, I suggest you go for mutual fund instead of insurance.  UT (Unit Trust=Mutual Fund) has lower charges compare insurance, of course no protection given. However, some fund houses do provide for free Personal Accident cover if you hit certain amount of investment. You can start as small as 100MYR monthly, deduction from your banking account. 

Hope above information helps. 

 

Regards, Adeline


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(@myeliteagency)
Trusted Member Agent
Joined: 2 years ago
Posts: 58
02/08/2017 10:35 pm  

This won't help much in saving because investment-linked policy taken up the policy fees, cost of insurance, % allocated in fund for first 6-7 years. Unless he want protection at the same time. 

Adeline


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(@wanrizal)
New Member
Joined: 1 year ago
Posts: 2
08/09/2017 2:15 pm  

Invest in investment linked fund is the best.Better survey & invest (top up) in a gud insurance fund. In case if anything happened in investment period target,investment return target coverged by policy sum insured.

 

#eTiQa  Mayban life growth fund (MLGROWF:MK) return = 8.5% in average per year since its was launch 13yrs ago and for 2017 YTD return is 6.42%.


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(@bala1977)
Eminent Member
Joined: 2 years ago
Posts: 20
10/09/2017 4:22 pm  
Posted by: wanrizal

Invest in investment linked fund is the best.Better survey & invest (top up) in a gud insurance fund. In case if anything happened in investment period target,investment return target coverged by policy sum insured.

 

#eTiQa  Mayban life growth fund (MLGROWF:MK) return = 8.5% in average per year since its was launch 13yrs ago and for 2017 YTD return is 6.42%.

Sounds good! Thanks for the info.

Be. Don't try to become. - Osho


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(@myeliteagency)
Trusted Member Agent
Joined: 2 years ago
Posts: 58
15/09/2017 11:37 pm  
Posted by: Bala1977
Posted by: wanrizal

Invest in investment linked fund is the best.Better survey & invest (top up) in a gud insurance fund. In case if anything happened in investment period target,investment return target coverged by policy sum insured.

 

#eTiQa  Mayban life growth fund (MLGROWF:MK) return = 8.5% in average per year since its was launch 13yrs ago and for 2017 YTD return is 6.42%.

Sounds good! Thanks for the info.

Just a gentle reminder, past performance does not necessary mean the guarantee for future return. You have to active monitor of your fund, take profit or cut loss whenever necessary. 

Thanks!


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