Regarding FSM's Unit Trust Investment fair
http://www.fundsupermart.com.my/main/resea...?articleNo=3032

Feedback from FSM
a. How to register:
Registration online (i was blind - thought the webpage above's registration link was for Penang only ):
For easy execution: http://www.fundsupermart.com.my/main/home/...d=Evt1301020001

b. On whether we need to PHYSICALLY be there to get the special 0.5% service charge on all funds:
Encourage the investors to go to the event and record themselves in the list.
If really cannot make it, FSM will see how we can assist for the online order on that date.

T&C will be attending our event and place order and make payment on the same day.
However, FSM will give some grace period for the investors to make a payment on case to case basis.
Details will be made known to investors on the event itself.

c. How to win RM10K portfolio...
Didnt ask hehe - if get, bonus lor.

PS - just received additional info from FSM (dang, Eugene's FAST in getting back with info... iFAST ) :
1. For winning the portfolio, the format will be similar to last year where the investors need to visit all the booths and get the chops to have an entry.
At the end of the event we will have lucky draw and the winners must present themselves when we announce the winners around 6pm.

2. There will be no limit on purchase amount for the 0.5% discount on that day.

This post has been edited by wongmunkeong: Jan 3 2013, 11:45 AM

Going - hey, 0.5% SC wor! + my qtrly Value+Dollar Cost is due Jan + a bit lopsided on my "Fixed Income" class thus need to move some % to Equities
Only pain is need to stay to 6pm to see if won the $10K or not..

Aoisky, no sifu lar i, just poking around semi-blindly.

Well, FSM said "encouraged to go physically", and said can go off once U register and put in your BUYs in their list.
ie. go there 10am & go off 10:20am

but but... U'll miss the chance at the $10K lucky dip coz if U are selected AND U ain't there physically at around 6pm... NEXT!

---

Added on January 3, 2013, 10:55 pmGood idea - i'll lug along my PC & Excels, U guys (Kaka confirmed right? Pink how ar? Who else?) bring along your thumbdrive/Excels and we'll have a geek-investor-semiquant teh tarik session

er.. please confirm fast else my partner may create different plans

This post has been edited by wongmunkeong: Jan 3 2013, 10:56 PM

No sifu lar bro (temple table not my game )
Manulife Global Resources BUT... i wouldnt recommend generically lor. It's just me - i'm asset allocating 2.5% to gold (gold gold, not gold producers) and i "wanted" to allocate 2.5% to commodities tapi tak senang to find pure commodities (other than futures) to accumulate.
Thus, commodities-related producers lor (food & metal is always needed gua).

Yeah - thus, generally i wouldnt recommend it
For my own usage, i just need it to fluctuate
Purely value averaging this, thus IMHO, works much better with fluctuating stuff.

My 2 cents:
a. UT is generally not leveraged Vs properties leveraged (usually to the hilt)
b. Thus, not proper comparison if generalized (leveraged risk vs unleveraged risk)
c. Try modelling IF U use leverage (20% down, 80% borrowed) for UTs
OR
modelling property investments' return WITHOUT the leverage - yes, theoretically coughing out at least $300K+/- cash
THEN compare

Anyhow, no assets class is perfect. Mix & match IMHO is the best (unless one has working crystal balls ).
Just a thought.

This post has been edited by wongmunkeong: Jan 6 2013, 02:07 PM

IMHO - no point evaluating U cough up $xxx pm for UNLEVERAGED equity VS friend $xxx (same) pm for LEVERAGED equity.
Grapes Vs Durians

Yeah - being a landlord is NOT as passive as REIT-lord & can be hell if U get a tenant from hell that knows the law
Possible to solve but takes time, $ and effort to evict effectively + chances of recovering rental & "make good of property" is "colder than water" when one gets tenants like those.

Of course filtering helps but there WILL be some that gets through - heck, just like job interviews, sometimes we get conned by candidates OR interviewers, right?

Just a thought

Data for residential? Got ar - from Personal $ mag. I gotta hunt it down (scan & email U)

Leverage on stock investments? Margin account?
Nah - not as LEVERAGED as properties leh
Share margin financing 40%/60% (http://www.hlb.com.my/pfs/loan/loansmf.jsp?flag=loansmf) i think + much higher interest rate.
VS
properties' 30%/70% or 20%/80%

Well, IMHO, leverage is useful at the right time & assets.
Why not think of your investing as a biz.
A good/effective biz's D/E can/should run up to how much max?
ie. if U invest in a company's stock, what's the max threshold of D/E would U stomach as "good use of leverage"?
IMHO, i look for D/E < 33.3333% (1/3), thus i put myself the max D/E for "WMK Inc" as well - ie. in my net worth, my D/E must be <=33.3333%

Just a thought, may not work for everyone

This post has been edited by wongmunkeong: Jan 6 2013, 06:09 PM

Spot on Smurfs - nothing goes up indefinitely, not even inflation (heck, look at Japan ).
IMHO, the result of "sure win" mindset = kablooey sooner or later (we saw that up in US 2008 + MY/SG/TH/IN 1997/1998)

Pinky - until i hunt down that Personal $ mag, have a look & chew at these stats attached.
Mods - my apologies yar, serong a bit not FSM related but discussion on comparing mutual funds VS properties.


Attached thumbnail(s)


Attached File(s)
 Property_indeksQ1Q2_2010.pdf ( 192.05k ) Number of downloads: 4

eh - bro, low compared to?
U've the 3 to 6 years' historical NAV?
With that can calculate the median, 5% percentile, 25% percentile, median, standard deviation, 5 yrs or 3 yrs moving averages, etc.
Thus can see (comparatively to itself) low or not.

Or U mean it's benchmark / base assets fell like a stone, thus, generally lelong?

Or U mean low just by looking at the NAV VS the 3 months' NAV (FSM online only 3 months' data) or VS other funds' NAV?

-------
PS: Whoops - just clicked on the link and saw 3yr's Sharpe ratio NEGATIVE... er.. be careful bro

This post has been edited by wongmunkeong: Jan 17 2013, 10:14 PM

er.. gold price down and should go up?
U may not be too sure if U took a look at gold prices from 1990s till now.
http://goldprice.org/live-gold-price.html click on the "monthly" ("M" in the row with T, 1, 5, 10, etc.) data and see the huge run up. Nothing's "sure" other than whether U can hold em or need to fold em. The market may be crazy longer than U can stay in it

Correct way? no idea hehe.
I know my own stupid "grocery shopping" way + value averaging + controlled/tempered via Asset Alloation only

This post has been edited by wongmunkeong: Jan 17 2013, 10:37 PM

I'm no finance guy too Kaka
Just to share my views - please note, NOT SELLING OR BRAINWASHING, just sharing to see if any holes in my logic yar (pls do criticize with optional solutions - kamsiah ):


RHB GS BRIC (my own Excel + logic cooking yar, please dont eat if not to your taste )

a. NAV current = historical NAVs (since 07/01/2010) 25% percentile or lower (CELL B1 Excel formula PERCENTILE() ) AND near (3 year's moving average LESS standard deviation since 07/01/2010, see column P)

b. See snaps of Brazil, Russia, China from ( http://markets.on.nytimes.com/research/mar...orldmarkets.asp )


c. The driving factors of these 4 economies are different enough AND continentally far enough that, barring a worldwide hit like 2008, it should chug along without any massive swings.


Commodities via Manulife thinggy... (again, my own Excel cooking yar, pls dont eat if not to your taste)

d. NAV current = historical NAVs (since 07/01/2010) lower than 25% percentile (CELL B1 Excel formula PERCENTILE() ) AND lower than (3 year's moving average LESS standard deviation since 07/01/2010, see column P)

PS: Pls ignore all the other columns in the spreadsheet except:
a. column A (Date)
b. column B (NAV of each Date)
c. cell B1 - the current 25% Percentile of historical NAVs till the current NAV
d. column P (3 years' moving average of NAV +/- standard deviation, where green = NAV < (3yrs MA - Std Deviation) )
The rest of the columns are for calculating my moving averages, Trends (short-mid & mid-long) + other checks to see if any "jumps off rail". Too lalaland for general usage discussion .


Note - i'm only showing the last few days' NAV since easily gotten from FSM's site as i promised someone not to drop the entire NAV data out yar.
Again - these Excel are my own cooking, for my own usage.
Sharing to see if fellow forumers can shoot holes in them and help me learn & improve.


This post has been edited by wongmunkeong: Jan 18 2013, 07:27 AM

heheh - ignore all the other columns in the spreadsheet except:
a. column A (Date)
b. column B (NAV of each Date)
c. cell B1 - the current 25% Percentile of historical NAVs till the current NAV
d. column P (3 years' moving average of NAV +/- standard deviation, where green = NAV < (3yrs MA - Std Deviation) )

The rest of the columns are for calculating my moving averages, Trends (short-mid & mid-long) + other checks to see if any "jumps off rail". Too lalaland for general usage discussion .

This post has been edited by wongmunkeong: Jan 18 2013, 12:11 AM

Hi Izzudrecoba. eh, i no sifu leh, especially on FSM's offerings coz no detailed historical data for all funds. I've only managed to get some, with the kindness & help of FSM's advisors

If U have the historical NAV (preferably right from inception) from both those funds, i can assist in cooking them. Other than that bespoke method, my guess is as good as yours as it'll be based on Lippers + Morningstar.

My apologies for being unable to add more value (unless U can chuck me them data)

er.. regarding them FSM Recommended Portfolios, have U guys/gals noticed there's no CASH equivalent component in the FIXED INCOME asset class?
I was just thinking that things like MM (Money Market or Cash Management Fund) should be incorporated into a holistic asset allocation - when interest rate spikes, bond (and bond funds') prices fall.

Just a thought

Hm.. dagnabit.. i've no mag one?
Pilih kasih kah FSM?

Good luck David!

oh crap - sorry to hear David, for U (not getting any extras) and us in coming KL event ($1.5K for 8hrs? eek!).

nangdeskah?! Hwang Funds are not entitled to silver/gold discount?
can point sui tai to the "evidence" ar? sorry ar - blur me tot "blanket" coverage.

kamsiah
whoa... that means i better not touch that Hwang Global Property Fund... UNLESS lelong 0.5% service charges lar heheh
Dang..