I had already initiated a transaction requiring my lumpsum to be invested in a unit trust. The transaction is now approved and currenty the fund performs at -1% profit or RM30.

Given the fact that lumpsum investment strategy is not feasible especially when FBM KLCI is likely to reach its peak before the next recession, should I withdraw the fund now and switch it to dollar cost averaging approach?

If yes, will I be charged? Please help me to calculate its Sales charge. I'm currently holding Kenanga Growth and OSK/UOB Emerging Market Bond.

Aiseh....pro English....

If an insider like Soros starts moving his entire financial portfolio into gold, it suggests a very serious market move is set to happen soon ~_~

http://www.infowars.com/report-soros-unloa...illion-in-gold/

Currently i have 2 holdings funds which has been successfully purchased yesterday.

How am i able calculate my profit, depends on the monthly statement or review its unit price?

U can just see your current statement under "View Portfolio". But u only can see your holdings on T+4. Yesterday is a non working day, so your T would be next Wednesday 22nd Aug, T+4 would be Tuesday 28th Aug. Your units would be purchased based on 22-Aug NAV pricing.

Thank for your replied,
I made a phone call to FSM last few days, i was told by the staff global equity usually should be included in portfolio.
But he didn't further explain the reasons.
Do you know why??

1 word - DIVERSIFICATION

U need to understand what is unit trust...

If u want profit xx%, u dont have to be afraid only by losing 1%. Also, try to seek other funds that can give u good return in medium to long term time frame. If u want fast return, FSM is not for u.

Sales charge is stated in the info page. For KGF and UOB- EM it's 2%, but new account holders get everything at 1% for a month, so it should be 1%. The sales charge is already included in the calculation when you bought it (you will get 1% less units than you should if there's no charge.)

If you want to know how much it will cost to withdraw (redeem), you should look at "Redemption Charge". Normally funds don't charge for withdrawals.

Alexkos... Ya I think you will only lose the 1% for selling/redeem. The sales charge when you enter... I don't think the funds you bough got exit fee. But you need to double check..

If you plan to top up once a while when you got cash, then don't bother to sell. Just keep them.. Just my thoughts..

any suggestion on what fund to get on FSM singapore?

You have access or opened an account with FSM SG?

So he doesn't like financials, it doesn't mean the world is going to end if he sells financials, it just means the financial sector is not going to be doing well anytime soon

Malaysians can open account with FSM Singapore?

You can register FSM Singapore? Working and living there?

In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012 – and bought $130 million dollars worth of gold via the SPDR Gold Trust (GLD).

Soros, who manages funds through various accounts in the U.S. and the Cayman Islands, has unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

If there’s anyone with an inside track of where things are headed next, it’s Soros, [so it begs the question, "What's up?"]
Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” has recently suggested that:

- the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict,
- the world is entering “one of the most dangerous periods in modern history”, and
- violent riots in America and a brutal clamp-down by the government will dramatically curtail civil liberties in the near future.

This is an individual who not only:
-predicted the collapse of 2008,
-took action to insulate himself, and
-proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression.

In his above mentioned book he:
-suggested that central banks infuse the system with massive amounts of monetary expansion, but also
-warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.

Based on recent activity in Soros’ US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he’s shifting his assets into what may be the only asset class left standing when it’s all said and done – gold.

http://www.munknee.com/2012/08/soros-selli...-more-gold-too/

Crash of 2008 lasted about two years... and then the market (well the local market anyway) rebounded. If there's another crash, well and good then, it's a good time to buy in


This post has been edited by wodenus: Aug 23 2012, 11:35 AM

studying there, can use malaysian ic to register as well.

https://secure.fundsupermart.com/main/acl/r...ccount1.tpl?t=P

This post has been edited by tcchuin: Aug 23 2012, 05:54 PM

Just chat with FSM Singapore...seems that its better to have a SGD bank account to facilitate processing...now how can I get one without physically going across the Causeway

This post has been edited by Pink Spider: Aug 23 2012, 06:20 PM

i tried buying AmDynamic Bond today, but unable to do it.
does the bond already sold up or something?

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