Next week...withdraw some money from CMF and transfer to my stockbroker account...aiming some dividend stocks
Fundsupermart - Invest Globally and Profitably, Discussion on investment through FSM
Fundsupermart - Invest Globally and Profitably, Discussion on investment through FSM
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Feb 15 2013, 03:47 PM
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#641
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16,872 posts Joined: Jun 2011 |
Now my portfolio construction is complete, feels a bit boring cos nothing much to be done already, now I can just leave it on semi-autopilot mode and top up by VCA proportionately every month.
Next week...withdraw some money from CMF and transfer to my stockbroker account...aiming some dividend stocks |
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Feb 15 2013, 04:49 PM
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#642
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QUOTE(David83 @ Feb 15 2013, 03:51 PM) Can...I'm no Warren Buffett, doubt sharing here will make ppl chase the stocks Guinness Anchor Hup Seng (maker of the Ping Pong crackers) Power Root (Tongkat Ali drinks |
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Feb 15 2013, 06:44 PM
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#643
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QUOTE(Hapeng @ Feb 15 2013, 05:59 PM) guys I have read and re-read the discussion but i still am not sure what to make of it so I'm just gona ask. Akauntan Buruk mari In the View Holdings page, lets say I have Kenanga Growth, the cost is 2500, current value 2469.96. Which means a loss of -30.04 right? With the new member 1% charge, 2500/1.01 = 2475.25, so have i made a 30.04 loss or a (2475.25-2469.96) 21.71 loss? So my question is, does the 2469.96 already reflect the 1% sales charge? and does that mean that everytime you buy a fund you the View Holdings page will show a 1% loss? Cost: RM2,500.00 Current valuation of your units: RM2,469.96 With FSM, the (profit)/loss is calculated by COST less VALUE, thus = RM2,500.00 - RM2,469.96 = RM30.04 You are right, the moment u make a purchase, the Sales Charge is considered a "loss" |
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Feb 15 2013, 10:39 PM
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#644
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For me personally, for ease of performance review, I actually made it a point to purchase units at NAV + SC, e.g. if I wanna top up RM100 on Fund ABC, I would purchase RM101.75 (SC = 1.75%)
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Feb 15 2013, 10:40 PM
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#645
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16,872 posts Joined: Jun 2011 |
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Feb 15 2013, 10:44 PM
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#646
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QUOTE(Hapeng @ Feb 15 2013, 10:40 PM) Because the SC is a guaranteed "loss", why not put it out of the picture right away? If u do like me, it's easy to see how much is your net cost of purchase, and any value fluctuation of your holdings would be due to NAV movements, senang kan? |
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Feb 15 2013, 10:50 PM
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#647
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QUOTE(ben3003 @ Feb 15 2013, 10:45 PM) U must be looking at FSM SG Looking at the fact sheet of their so-called "short duration FI fund", it looks just like our normal bond fund to me. To me, an example of long duration bond fund would be AmDynamic Bond, underlying bondholding portfolio of which has average maturity of 6-7 years. "Normal" duration would be like 3-5 years (tips - see AmBond's fact sheet and compare to AmDynamic Bond's). A perfect example of short duration bond fund would be AmIncome Plus (my favourite for parking excess cash which I don't foresee to be needed for at least 3 months Longer duration portfolio would be more vulnerable to interest rate changes. |
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Feb 15 2013, 11:06 PM
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#648
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A very good article for all fund investors:
http://www.marketwatch.com/story/how-you-c...15?pagenumber=1 QUOTE "The typical investor buys funds only after a strong run of good results, thus they are buying high. Their money did not get that positive performance stretch, however; they only get what happens next. If the fund slows or falters, the fund’s performance may still be positive but the investor hasn’t really experienced those gains. If the investor sells when the fund falters, they not only lock in a loss or poor results, but they also go a bit insane, repeating the process again — buying another fund that has been hot — but expecting different results. Here’s how to get the performance close to what the fund provides: You must reinvest dividends and distributions and make additional deposits either regularly or when the fund seems undervalued, rather than when it has made the account statement look fat." |
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Feb 16 2013, 12:12 AM
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#649
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16,872 posts Joined: Jun 2011 |
QUOTE(xuzen @ Feb 16 2013, 12:00 AM) Why nobody consider the zero sales charge PRS leh? That way, you need not have to make any "loss" at all. KWSP money is already locked up long term with inflexible withdrawal, for me personally I don't want another huge chunk of wealth locked away, I can control my urges not to take out my UT monies unnecessarily to indulge in worldly pleasures.It seeks like I am the only one very excited with these zero sales charge PRS in low-yat forum lar... Personally I am topping up whatever I am putting into KWSP with the same amount into a zero sales charge PRS. I am putting my nest-egg aka retirement fund on steroid. Xuzen |
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Feb 16 2013, 12:52 AM
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#650
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16,872 posts Joined: Jun 2011 |
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Feb 16 2013, 01:44 PM
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#651
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16,872 posts Joined: Jun 2011 |
QUOTE(ilineZ @ Feb 16 2013, 01:37 PM) fuphhff....finally i finish all the 100pages.. Why not walk into their office and ask whatever questions u want?smore got another fund investment forum.. but at least i did my homework although its way far from perfect i was in the same building with FSM, pretty curious what business they run, the employee r young2 ppl bunch of them going lunch tgther.. after few years..now i know! i just registering new account with them and ask bunch of question, replied by jennifer. brace urself... i will dump all the noob question here hope u welcome me to the crowd! |
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Feb 16 2013, 01:57 PM
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#652
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16,872 posts Joined: Jun 2011 |
QUOTE(xuzen @ Feb 16 2013, 01:52 PM) Once upon a time I had an epiphany from some wise financial coach; he is an insurance agent... a very senior and experienced Group Agency Manager from GE. But sometimes its not wants, but necessities.He asked the attendees, why KWSP is only 23% of our salary but it remain to be the biggest chunk of our net worth? He asked us, what happenned to the 77%? The take home message is; force saving works. Force saving with zero sales charge and very low or zero annual management fee lagi work. Xuzen Just take an example, I've been living in my parents' house since birth, I'm the only child hence even if marry also will stay with my dad (mum is gone), no need to buy another house. Then one day something happen that made the house no longer liveable, BLR has gone very high thus I would like to pay more for house downpayment, but all my cash are invested and locked away... |
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Feb 16 2013, 03:22 PM
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#653
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16,872 posts Joined: Jun 2011 |
CMF gives liquidity, withdrawal just takes 2 working days and interest is accrued DAILY
2.95% for daily maturity placement, I'd say very very competitive indeed. Even UOBMoney Market Deposit which my company use also 2.84% only for daily placement. |
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Feb 16 2013, 10:07 PM
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#654
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16,872 posts Joined: Jun 2011 |
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Feb 16 2013, 10:08 PM
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#655
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QUOTE(bios @ Feb 16 2013, 09:59 PM) i am currently looking into investment of bond in an attempt to diversify my portfolio. I am interested particularly in Ambond and RHB Bond. I have realized the following points: Both are pure MYR bond funds, those "overseas holdings" u see in its fact sheets are actually bonds issued by foreign entities in Malaysia, i.e. they're all Ringgit-denominated bonds.AMBond -Annual returns 2.27-6.47% (2006-2012) -Has quite significant amount of holdings in overseas particularly Korea (Industrial Bank of Korea, Korea Development Bank, Export Import of Korea Bank which made up 14% of its holding) and the rest are in Malaysia like Celcom Transmission and Government of Malaysia RHB Bond -Annual returns -11.35 - 11.44% (2006-2012) -Most of the holdings are situated in Malaysia (MAJU Expressway, CIMB, RHB, Kimanis Power, Projek Lebuhraya Usahasama Bhd) What is your opinion as regards to the choices that i have selected? or do you all have any other choices? Too bad. i missed the chance to buy in AmDynamic Bond. Thanks again. |
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Feb 17 2013, 12:44 PM
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#656
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Feb 17 2013, 02:51 PM
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#657
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Feb 17 2013, 02:57 PM
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#658
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QUOTE(Kaka23 @ Feb 17 2013, 02:53 PM) My IRR hovering at 4.97%, still slightly lower from 31-Dec-12 IRR at 5.04%. I am recording my IRR quarterly in a table.. Aiks, why I never thought of that. I only show my current IRR, I did not keep record of historical IRR. I only keep record of cumulative amount invested and accumulated profits as at every month-end. Key drivers of portfolio performance year-to-date are global funds with significant exposure to US and Europe and (u guessed it) Hwang AQF |
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Feb 17 2013, 03:35 PM
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#659
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Feb 17 2013, 06:41 PM
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#660
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