Very good and knowledgeable helpdesk staff FSM has.

Just to share what i found, for fellow forumers' consideration if you're like moi having EPF and Cash investments in PM and Eastspring (exPRU) mutual funds.
Please correct me if i've misunderstood or typo yar

First... the bad news (to me - hey, i'm a pessimistic optimist) :
1. EPF Investments
ALL SWITCHING must go through these steps:
a. Fill in the fund house's EPF SWITCHING form and send (fyi - i'm doing management totally online for PM, for Eastspring they only ask me to send form)
b. Execute also via online FSM - no issue

2. INTER-Fund "SWITCHING" - between different fund houses
a. T+4 (ie. time to see $ movement online)
b. Effectively it's a "SELL Fund A, BUY Fund B" thus costs involved are:
-Exit fees for Fund A
-Entry fees for Fund B
-SELL value of Fund A is based on transaction date's (assuming not pass their cut off time lar) end-of-day NAV
-BUY value of Fund B is based on transaction date + 2 days' end-of-day NAV <-- eek!
yeouch! + manageability lowered coz SWITCHED INTO or BUY of Fund B's value is based on 2 days' later end-of-day NAV

Note: Contra Redemption for OSK's different fund series is treated similar to Inter-Fund SWITCHING
ie. OSK's Smart Series SWITCH to/from OSK's notSmart Series

Second, the good news (to me):
3. Transfer-In Campaign - ZERO % sales charges
This covers even non-FSM funds! heheh <eyeing donkey cash PM's funds>
a. Redeem ANY mutual funds with ANY fund houses
b. Scan/screenshot proof of redemption
c. Execute BUY transaction in FSM
d. Email them the proof of redemption and FSM will remove the sales charges of (c.) - i'm assuming i'll email the screenshots in addition with my bank-in snapshots.

4. Banking in - MBB + SCB
Woohoo - my Flexi mortage SCB mar, thus most of my ammo stored there and easier to move around

Thirdly, the neutral news (to me)
5. INTRA-Fund SWITCHING
a. Slightly confusing as different fund houses = different costs
b. Summarized possible costs are:
+ When switching from lower load funds (eg. 1.5%) to higher load funds (2%), pay the difference of %
+ When switching from higher load funds (eg. 2%) to higher load funds (1.5%), ZERO cost OR $XX, depending on specific fund house's rules/cost
+ All the above, please note and add any EXIT fees (like some funds with EXIT cost of 1% eg. AmDynamic Bond Fund). Yes, it's treated as EXIT even switching

Phew.. i hope the above helps blur fellows like moi.

er.. i clarified 3 times with her and even in my writing on paper (noting her words), INTER = T+6 & INTRA = T+4, both are just the time to "see" the transaction online.
However the NAV executed was not based on the T+X

eg.
INTRA's BUY NAV is based on transaction day's end of day NAV, not T+4
INTER's BUY NAV is based on transaction day + 2 end of day's NAV, not T+6 nor transaction date's end of day NAV

Hm.. let me go poke them again later - either old man's hearing problem or hot woman's voice causing problem .
Anyhow, still makes it that bit harder to manage VS the other fler's online.

Bro - dont lar Cash Mgt Fund, my FlexiMortgage gives me "more" leh and less hassle.

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Added on August 17, 2012, 12:32 pmI did ask the EXACT same Q.
She said - started somewhere in Jan and management hasn't said anything about cut-off date / deadline for expiry of this campaign

Now for me to figure out which worthwhile to kill and which worthwhile to get into.. taking into account of INTER / INTRA SWITCHING

This post has been edited by wongmunkeong: Aug 17 2012, 12:51 PM

hehhe - cannot help it mar, i'm a guy (testosterones and all)

Anyhow, back to INTER-fund SWITCHING, found this:
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http://www.fundsupermart.com.my/main/faq/faq.svdo?id=8922
Q: HOW LONG WILL THE WHOLE INTER SWITCH PROCESS TAKE?

A: The switch-sell order will be transacted on the same business day the order is received provided the order is received before 3:00pm. Otherwise, the order will be transacted on the next business day.
The switch-buy order will be transacted based on the lag time as described in the table shown at FUNDS INFO-> FUND SALES CHARGES-> SWITCHING-> INTER FUND HOUSE. However, this lag time will be shorter than executing the sell and buy transactions on your own.

NOTE:

The whole process of an Inter switch will take four business days to complete after the transaction date (T) of the switch-buy funds ie T+4 business days.
--------
er.. haven't poked them again though, thus unsure the above:
a. whether that's (T+4) the latest or phone's (T+6) the latest or again, my hearing aid failing due to hot woman's whispers
b. the NAV of the BUY Fund which day's

As for having enough "normal" lust purchases in CMF (not CFM meh? ), susah lar.
I'm 24/7 lustful - it swings between hari2mau to jam2mau Thus, hard to prepare in CFM oops.. i mean CMF

This post has been edited by wongmunkeong: Aug 17 2012, 02:09 PM

AmDynamic Bond is closed for additional investments from what i read earlier in this thread.

The spirit is willing but the flesh is weak... didn't make the time to study & analyze what to sell (PM) and buy (FSM) - had my monthly financial tracking last weekend & Raya holidays enjoying the company of my loved ones

I suspect i'd need 2 solid days' focus - to reconstruct my plans (programmatic + opportunity investing for cash & EPF with overall Asset Allocation arcing controls) ..
AND LOTS OF COFFEE (oo reminds me.. i'm running out of tongkat Ali coffee )

This post has been edited by wongmunkeong: Aug 27 2012, 01:32 PM

you're welcomed.
i also buta buta stumbled on it several donkey years ago when looking for an easier way to count all the donkey transactions' total combined CAGR.
being effectively lazy, need to automate mar

Boss, cash OUTFLOW lar (outflow coz yr $ go out to buy fund units)
...
...
...
Then right - total value of investment (ASSUMING didn't take out cash dividends but reinvested)
er.. i think i'll upload a demo snapshot later tomorrow (kinda tied up today)

aargh.. i just used a "1% token" today..

oo wait.. 1% for specific funds only heheh..

This post has been edited by wongmunkeong: Dec 14 2012, 09:33 PM

nope - not listed. Manulife Global Resources Fund.


This post has been edited by wongmunkeong: Dec 14 2012, 09:42 PM

Yo Pink.
er.. just RHB GS BRIC Equity Fund & AmAsiaPacific REITs.
BTW, Shanghai Index shot up 4%+ today

Ooo i just found out bonds & even money market funds count towards silver/gold membership - now to inch close to those nice discounts .
Yes yes, i'm a bit slow or blind (didnt read properly the FAQ on silver/gold)
Sharing in case there are others like me in LYN

This post has been edited by wongmunkeong: Dec 24 2012, 09:47 PM

women & wine?
Properties lar - commercial & retail, tiuk boh?
Sigh.. i wish i was as focused as U youngsters in my 20s & early 30s. Multi-MULTI millionaire by now...

Pink - <whispers>.. after i moved into FSM's RHB GS BRIC in Nov, till now.. 6%+ net profit. I think mainly due to the C in BRIC.
Guess how's me CIMC25 entries (yes, multiples liao) are going
By my own tracking, C is picking up steam like a "snowball getting into critical mass".
Note - your mileage may vary yar. Just sharing something i noticed from my own tracking / entries.

hehe - well, snowball as in getting bigger and bigger (index) mar.
down (hill) will come sooner or later though - when, unsure.

Hm.. to me - it'll be "rich" at about 3K shanghai idx and definitely "hot" at about 4K+ (ie. i wont be buying lump sums).
However, when to pull out - no idea until my own "trend tracking" drops to -ve or when my "trailing stop loss" (now it's a "trailing stop to take profit" hehe) is hit, whichever comes first. Sorry bro - no crystal balls

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Added on December 26, 2012, 7:38 amI bought into CIMBC25 like 3 times liao this year + via FSM the RHB GS BRIC in Nov 2012.

BTW, C's economy was not down wor bro.
Only its market's sentiments - C's economy has been growing >5% (last saw was 7%+/-) all the while, even when fear of hard landing set in.
Beats the living kaka out of US' & EU's economy growth.

Keep in mind, market <> business/economy.
Market = sentiments
That's how we make $ or get $laughtered

eg.
Say Nestle is making ROE of 60%+ pa every year consistently
Then one fine day, world economy scare (something like 2008 lar say) & Nestle's stock price (market) drops 20%.
Note that even though market's sentiments bearish/fearful, Nestle's business is STILL chugging along making 60%+ ROE per year.
See the difference between actual business/economy VS market's pricing/sentiments?

To the "efficient market theorists" - yeah yeah, equilibrium will be met and everything will be priced in... EVENTUALLY.
However, when the kinks are still being worked out to reach equilibrium, there's opportunities for us to gather up some good value.
Just a thought

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Added on December 26, 2012, 7:41 amremember to put Kaka's a/c as the referer - he'll get "1% cost" transaction token, ie. his cost if he uses the token when buying in, will be only 1%

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Added on December 26, 2012, 9:07 amBTW, just furthering a thought on China - if China's growth continues to strengthen LIKE its financial market ("some say" financial market out paces real economy by 3 to 6 months mar), commodities will go up as well.

Thus, anyone targeting commodity-related mutual funds & food/plantation/metal related equities?

This post has been edited by wongmunkeong: Dec 26 2012, 09:07 AM

Brother, M**** is your FSM a/c #, P***** is the TRANSACTION / CONTRACT number. U shd receive an email from FSM after U created a BUY contract on FSM's website. Use that P***** as reference (ie. if MBB2U allows U to type a reference during transfer of $).

FYI - mine a/c also M**** + my purchase contracts are also all P**** + when i transfer from a non-MBB bank, i put in the P***** as reference for the recipient.

Yeah - as what Pink Spider said.
Me - i put in my COST (ie. whatever cash i put in, including service charges) as a negative cash flow
eg. i put in $100, then my cash outflow captured as $100, not $98 excluding 2% service charges
more realistic and pessimistic (i'm pessimistically optimistic mar )

wah Mois - U use PEAK to measure discount? Optimistically Optimistic

Me - i use the lower of median Vs average as baseline, then compare current to it to see the "discount": pessimistically optimist

No right/wrong (only wong ) yar, just sharing thoughts out loud

Raw data: http://finance.yahoo.com/q/hp?s=000001.SS+Historical+Prices
Export to Excel and cook, then enjoy

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Added on January 3, 2013, 10:02 amNice... 0.5%SC on ALL FUNDS. I'm going shopping for BRICs, Commodities & REITs <hunts for sniper rifle, bullets and grenades for asset hunting>

This post has been edited by wongmunkeong: Jan 3 2013, 10:04 AM

Dunno - i've sent an email to Eugene of FSM to ask ask liao on T&C, especially whether we need to be PHYSICALLY there or we can just register and transact on THAT DATE . Will keep U guys posted

Logically/theoretically the same as practise
But in practice may not
No worries - best to get from source & share here later