Public Mutual Unit Trust | Hidden, Juicy Truth 😱 - YouTube

If you hate unit trust, I fully support you,

and that is why this video is to support what you believe in,

this video is dedicated to you who has lost money investing in unit trust or mutual

funds, specifically public mutual and what to do going forward so that you can

recover your losses and do better from here.

As a licensed independent advisor

in Malaysia and investment portfolio manager for my clients,

having been engaged by the biggest bank and fund manager in the country.

I can honestly tell you there is no single

fund, no single fund house and no single fund manager that can deliver the best

performance, the best return every year, year after year.

And there is no single fund house or fund

manager that can excel in every single type of funds.

Another thing is you can see even fund

manager move from one company to another if you are public mutual agent.

This is important for you because it gives

you perspective what you are competing against today.

You may say I didn't know there are better

options out there because my public mutual agent never told me.

Well, yes, if you go to a Toyota showroom

is the Toyota salesman is going to say Honda is better? But it's very different.

If you go to a car hypermarket, if there is such a thing from a high

level, I could represent to you where public mutual stand.

Very simple.

Public mutual is only one of the fund house in Malaysia.

You have other fund house like these factors be if I have the and each and every

of these fund house has balanced fund low risk and high risk fund and public

mutual what you're actually looking at is probably one type of fund provided

like this one.

You see, what we see is that if you invest into what investor, let's say, aggressive fund

here, what we want to invest for our clients is to compare the same category

of funds across different different fund house in Malaysia and see which has the most

potential and which has delivered consistent and the most optimum investment returns.

Historically, this is what you really want

to see, and this is what we actually see day in and day out.

Now, you could actually also represent

this by, let's say a fund is invested in China, in Malaysia, even investing in us.

You know, this triangle,

the doughnut and the square, it would mean different things.

So you get the idea. Now, even robo advisors like stash away,

they don't fill up their inventory of funds or ETFs only from one fund house

if you are a millennial, you might want to consider robo advisor,

which I did a full review of the robot advisor available in the country.

This video is what you can check out. Here's the kicker, right?

Let's say in 2020,

you want to look for the best US fund as what we see as the best I Malaysia

could be provided by Fund house A maybe public mutual, but if you want to invest

into a US fund or even China Fund, you know, that kind of fund represented

by the triangle, we could be from Fund house B,

and if you want to invest into US fund it could probably come from Fund House E

and in 2021 it could be very different.

The best fund might not come from the same Fund house anymore.

And going forward in 2022 it again it

could be the same, but most likely it would be different when

it comes to the best performing fund fund with the most potential going forward,

public mutual seems to make it harder for you to compare the performance

of the funds versus the other options out there from other Fund house.

You have no choice but to do it manually,

but before that you have to know where to even look for such information.

So I hope this actually applies to your B

analogy of what you see and what we see now.

The thing is, ideally, in an ideal world, you could see every of these fund house have

every of their products inside a platform where you could do an apple to Apple

comparison, however public mutual, is very smart.

And it makes it difficult for you that you

compare because they don't play well with other fund house.

So they actually have their own kind of ecosystem.

That is, they do not put their funds in any other distribution channel or

platform other than their own platform and within the public mutual agency.

From strategic business standpoint,

it is understandable, after all, public mutual known to have the largest

agency in the country to the envy of other fund house.

If I am the owner of Public Mutual, I would probably do the same thing.

On top of that, I need and I want to protect my agency

force by keeping my funds on my products exclusively available to only authorized

public mutual agents and public bank instead of making it available through other channels like the

Public Bank and also distribution channels like FSM, even e unit trust

otherwise,

Tan Sri Teh won't be receiving hundreds of millions of dividends every year

because they got this public mutual agency force that is working

blood sweat tears every day to make public Bank group the top three in the country.

Now, this kind of arrangement benefits

public mutual, I say, as a business entity,

but it just means that investor, if you only have an investment only

in public mutual then anyone who does that probably

investment and not structure to get the optimum returns.

So imagine if public mutual were to actually leave everything we

have put inside the same platform where you could see very clearly you can do

about Apple comparison across every fund house there is in Malaysia.

I think the agency force me to go on a strike.

Investment is like using a Domino's Pizza app to order your takeaway delivery.

You only get all the pizzas most of the time.

Hey, this is domino pizza anyway

and you could rotate among all the pizza flavors available.

Sometimes you order such a chicken or some

garlic bread, but you want KFC, what if you want texas chicken, thai food, korean chicken?

You want to eat nasi lemak

you want to eat dim sum you want to eat banana leaf rice you want to eat.

char kuey teow, roti canai? No such food is available

for you if you are just using a Domino's Pizza app to order takeaway, correct? The solution.

Of course, you know that already you use GRAB or you use Food Panda

actually apply to investing.

But most people are not getting this. You get it now.

Yes, it would really have to get this message across to more people.

Are you helping me tapping ONCE on the like button.

I really, really appreciate that. Thank you very much.

Now, the second major reason why you lost money investing in public mutual

trust is that when you are dealing with a unit trust agent

that has made one or more of these mistakes, agent,

that makes ignorant mistakes characteristic of it not only thing,

but you need to say, makes no effort to learn new things.

You are only in for the money.

Usually you part timer read the full time job.

And it's really for you best to avoid these part-timer.

You need to run like a plague! Agent that makes lazy mistakes, lazy mistake.

These are careless mistakes.

You cannot forgive this mistake if this mistake is you lose money, scum and lazy.

Mistake is mostly because the agent did

not put any effort to properly monitor and keep you up to date with the economic,

financial and political changes they are to focus on closing

or meeting more potential customer prospects and also chase all the sales

target and incentive to need an agent that makes beginner mistakes.

How about beginner mistake now?

Any beginner make mistakes to learn.

I understand, but ideally you don't want them to take your money for your

experiment because it's your money we are talking about right now.

It's OK if you have a friend or relative that is new to this, as unit trust agent

you can support him or her, but don't go all in because if you go

in by large amount and you're still a beginner, you could lose a lot of money

which make your retirement security at stake.

To be fair, this is not a public mutual specific problem.

It can happen to any unit trust agent

from any fund house, as an independent licensed advisor am I immune to these mistakes.

Of course not. I am human too.

But specifically, I do not make these three mistakes that I just told you.

It's that I make this 4th type of mistake, so I make systemic mistakes.

Systemic mistake is a mistake

that typically nobody will see it coming kovit is a very good example.

You did everything right, but end up with the undesired outcome.

It cannot be avoided, but its impact can be reduced or mitigated.

So it could be what happened in twenty twenty.

And by doing this eight hours a day, six days a week for the past ten years or

so, make me unconsciously skilled than most people or most agents out there.

By the way, I'm not agent but independent licensed advisor

and the difference in the way a tied unit trust

agent conduct business versus an independent licensed advisor like myself.

And this is the life cycle of day to day

life of a unit trust agent, which has a sales quota to meet

so it is you, very naive, probably very innocent.

You encounter a unit trust agent who is chasing target incentive to that.

And of course, most agent who charge you one time commission upfront of whatever you invested.

So always go get myself.

If not going to sell more, then sell more

i get know that I am going to sell even more.

I repeat, do I think I just die.

I'll be coming back and then after they

meet their target they will say, oh I qualify for incentive trip is not yet

they going to sell more and say OK, I'll be OK then I sell Los Alamos Alamo

and then they also say they will still also qualify for the incentive then.

Yeah, that is good news.

I think they say, OK, what is next?

I'm going to now consider buying a new

car, maybe the latest BMW version that I see in the showroom.

So that is what most agents do. Rinse and repeat.

And be prepared for next year.

You'll put the very best person, even someone like me,

into a system where the system is a sales quota attached to it.

And there's this whole incentive trips

and the what's involved, any sane person, you get distracted by having this dangling

carrot in front of you, all of this just human nature.

The system benefits the business entity.

In this case, the fund house like public mutual but not you.

As a client, as an investor, I could show you transparency, what we are doing.

So you and your come to an independent advisor.

And this probably retirement nest egg and that's now what we do is that we don't

go by the kind of a sales commission or whatnot, management fee.

Yes, it's a flat management fee.

That's what we do, is we have to account

for what's going to happen in the economy, what's happening in politics.

And these are the market and these are the three things we cannot control.

Nobody can. But we can actually structure our

portfolio so that you could mitigate the downside risk.

And this is what we do every month.

You give you a summary of what happened, what we could do better, because, hey,

I say I'm not immune to mistakes, but the type mistake that an experienced

advisor that I need is just systemic mistakes.

And these are all the systemic risk

economy, politics and also the stock market.

There's the nature of what is happening in the nature of investing.

I mean, if you want to get more customized

investing advice this year from an independent licensed advisor to make more

money from investing or to revamp your underperforming investment portfolio,

then there's a link below this video you could see fill in your basic details

to understand that's how you remember in investment.

unlike in a marriage that's not pay

to be loyal to any one specific fund house is 20/20.

Now, come on,

people who understand this can still get a decent return on their investment.

If you do not, then I can tell you what happened in is the.

Example, if you are not getting decent

return in the year 2020, it's like the perfect storm

of the pandemic hits some people who get higher returns on the investment.

It's just that they are on a better ship.

If you want to be on a better ship when

the storm hits, we can be all in the same storm.

But there's a difference between you

in a better ship versus, you know, in a Sampan, want to be in a better ship.

Then there's a link to fill in your details there to understand if there is a good fit for us to help u.

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by my sincerity, sharing this insight with you,

which your agent are not not comfortable telling you the real or was hiding from you.