Brighter Future for New Unit Trust Consultants

Oct 28

The announcement of EPF new scheme on 23-Oct-07 (read the Star at http://thestar.com.my/news/story.asp?file=/2007/10/23/nation/19244569&sec=nation)  where people can start investing in unit trust if their EPF Account 1 is greater than RM9000 is a plus plus news for all unit trust consultants/agent and also for those thinking to join this sunrise industry.
What does this mean to you.
Before the new scheme, on average only people with the age of 31 and above can invest in unit trust (my favorite one of course is Public Mutual) because they must have at least RM55,000 in EPF Account 1.
But starting Feb 1, 2008 the requirement is reduced to RM9,000, thus all young officer/technician/accountant/lecturer/doctor/lawyer/engineer/ahlil musik/ you name it, can start investing in the unit trust.
For example 25 y.o executive that has RM20,000 in EPF Account 1 can invest 20% of (RM20,000-RM9,000) = RM2,200. Who think this is small! This is very very big guys. Imagine how big is the market when Feb 1, 2008 opens up to all the young chap to invest.
Every year close to 100,000 fresh graduates entering the jobs market. They all are made compulsory to put a portion of their money in EPF. Within 3 years they will have this RM20,000 in their EPF Account 1. Ahah…
So who want to grab this explosive opportunity and its real. Let you and me help all those young chap to invest. Become a unit trust consultant now.