You know time it is? Yah it’s time to grow up…*sigh* – you know buy a house, get a decent car, start thinking about the future, making investments, start retirement and education savings plans and so on.
This past weekend I was invited to an event to introduce Fundsupermart.com and their presence in Malaysia. I have to say it was very good timing as I have started considering investments in the recent years (Yes I own the book “The Financial Times guide to using the financial pages) and when my house renovation is finished it’s something I’m going to be looking into more seriously.
Quite a few other bloggers attended, we were treated to lunch and we mingled around for a while before they gave us a presentation about Fundsupermart.com.
It was actually relevant and interesting for me and honestly I didn’t know there was such a service in Malaysia – the ability to buy Unit Trusts online! I was thinking I’d need to sit down at some bank and listen to some nerd drone on about my ‘options’ and well honestly that sounds like a nightmare to me. If I could buy everything online and not have to go to shops I would! That’s the biggest benefit for me personally but other benefits of using Fundsupermart.com are:
- Low rates of commissions – only 2% (from what I know most institutions/financial advisers/planners charge anywhere between 3.5-6%)
- Manage your own portfolio with lots of tools and data on hand
- Recommended funds list
- Access to up to date market research and analysis
- Unique content such as video tutorials (e.g. that day that showed us a video that explains P/E Ratio in simple terms)
I personally think the charts are great, being a geek and all I love the figures and graphs and charts – you can even compare the performance of various funds over long periods and they have added tools such as the Simple Moving Average (gives a rough indicator of if you should buy or sell).
They also have a LOT of funds, at the moment they offer 131 different funds from 13 different fund houses (including big names such as Alliance, Prudential, RHB and more).
If you are already investing it’s a good way to diversify your portfolio as they do carry quite a range of funds from different sectors.
During the event they explained a little about the history of the company (it started in Singapore) and about the functions on the site with a Q&A section at the end.
I have actually signed up for the account (since its FOC and no maintenance charges) but haven’t really used it yet as I don’t have any liquid assets right now to invest, I’m pouring everything into the house.
With Fundsupermart you can invest globally and profitably, so check it out!
You can also join them on Facebook here: