JPB,

There will never be a good time to go in. Market is highly unpredictable and it is a waste of time to use your time and resources to time the market. Professional investors have long abandon the concept of timing the market. They has given that mantle to dubious charlatans, snake oil sellers and used car sellers.

The best way is select funds that has good risk adjusted performance (e.g. Above average Sharpe ratio) and DCA consistently and diligently. You may use Morning Star table as a reference. They are quite good.

Live well and prosper.
===============================

I just came back from a fund-manager briefing and no it is not from Public Mutual but from lesser know fund house.

Some take home message:

i) Underweight Malaysian equities (read not avoid, but reduce it esp index linked due to expensive valuation). However, I think M'sia mid to small cap deserve some exposure.

ii) Overweight Asia-Pac equities (aka increase your allocation here)

iii) Overweight US equities slowly but watch out for US Treasury news come Mid -Sep for clearer pricture on QE stoppage and other economic data.

iv) Overweight China and Japan equities. There are no fund that specifically target Japan share, but if you enter Global fund, you should get some exposure from it.

v) Underweight bonds in general.

vi) Keep some (around 10 to 15%) in money market because OPR will be forecasted to rise.

Live well and prosper.

Xuzen.

Sigh, yeah.... sorry to confuse you mate. My post #1435 is meant to be read in two parts. First part was in direct answer to your question.

Second part was just for the purpose of disseminating info about what I heard from a fund manager.

Sorry to confuse you.

Xuzen

Go buy bond fund at FSM or Phillip Mutual Berhad (PMB) @ zero sales charge.

Some of the good bond fund include AMIncome Plus, KAF Bond, Eastspring Bond are at zero sales charge.

Pub-Mut... go fly kite lar.

Xuzen

Pinky, I am investor first, agent second.

Xuzen

Cheahcw2003, I have issues with schemes like this.

These type of collective investment schemes are not transparent at all. For example, you do not know what is the true value of the unit price. Your unit is forever priced at RM 1.00. Even though market go up, your unit price is still RM 1.00, isn't it silly? Say the market goes up 20% and you wish to sell the units, what price do you get? RM 1.00, how come not RM 1.20?

OK, you may argue that when market down you still can sell at RM 1.00. Now, let's turn the table and ask, should market drop 20%, you want to top up, how come you still pay RM 1.00/unit, not RM 0.80/unit?

Furthermore you also cannot evaluate the performance of the fund manager since there is no benchmark, i.e., you cannot scientifically evaluate the performance of the manager either. And don't compare this to FD because you have to compare apple to apple; orange to orange.

Xuzen

I have just made another withdrawal from my KWSP a/c 1 a couple of months ago.... I have no issues with KWSP so far. Their service is fast and efficient.

Xuzen

Thank you sir, for making sure that the fund manager continue to get his/her fee. You have contributed to his economic well-being.

Xuzen

This post has been edited by xuzen: Aug 29 2013, 01:08 PM

Simpler some more... you buy divvy counter just look at Div Yield terus terus dapat answer... no need to bring out calculator calculate imputation liao.

Xuzen

Sold my PRSF about a year ago to shift to PIDF.

Happily holding on to PISEF, not letting go... for now.

Xuzen

I do, all the dividend payment date are listed on their table calendar which I bought earlier from Pub-Mut office.

Xuzen

My most up to date data favours PISBF or PSBF.

Next update will be end of the year after Dec.

Xuzen

Stanny,

My data excludes those funds that are closed. If PI Bond or PBond are still open for buy-in, then yes, I'll include them.

Xuzen

What you are doing will not bring any benefit at all. You will probably lose out due to switching cost and opportunity cost. You may not realised it but NAV or in lay-person term the price of the fund has no relevance at all to the fund performance. To "play" unit trust, you need to be familiar with the concepts below:

I) asset allocation
II) annual expense ratio
III) Annualised growth
IV) Standard Deviation aka Volatility
V) Sharpe ratio
VI) Alpha Jessen ratio
Vii) Modigliani ratio
VIII) Security Market Line
IX) Markowitz and Modern Portfolio Theory
X) Efficient frontier
XI) Optimal Portfolio Customisation

If you are a newbie to unit trust, google topic I) to V) will be sufficient, if you are advance then try to be exposed to concepts VI) to XI).

No, it is not wise to goreng funds. I always advise you wanna goreng, try derivatives aka warrants & futures. These instruments are fun and very exciting, if you know how to play.

Xuzen

This post has been edited by xuzen: Nov 19 2013, 12:19 PM

PISEF alone makes up 40% of my total equity exposure at the moment.

Xuzeb

My PISEF price now very high liao....

I wanna take profit, sell and buy into low NAV; how about "snicker lol" PCSF? It's NAV is now below its IPO price.

Good rite?

Xuzen

What a coincidence, I was holding the exact fund you were holding i.e., PIDF & PFSF, but I switched to PISEF in Q3-2013.

I have very little choice as this was my EPF fund, hence I have only local fund to go into.

By my calculation, PISEF is Pub-Mut best risk adjusted performing fund in their whole stable but when compared with other fund house, she is a loser.

BTW, I also hold Kenanga Growth and Eastspring Equity Income, they are good funds... check them out.

Xuzen

Won't tell.... you guess lar.

Xuzen

p/s BTW for those confused forumers, Felix's joke detection meter is faulty....

This post has been edited by xuzen: Nov 20 2013, 09:46 PM

LOL! LULZ!

Xuzen

Switching PRSF into PDSF is acceptable, since both ROI is lebih kurang sama but PDSF has lower volatility (risk). The rest of the fund you mentioned, I'll give it a miss.

Xuzen

PIDF data still show better risk adjusted return wrt PDSF. PISEF of course is the runaway winner by far.

Yklooi, you wuss, 15% only ar? I am holding 40% of my equity portion in PISEF..... Grow some balls man.

Xuzen

p/s I have a sprinkle of equity exposure in Eastspring Inv Equity income, Kenanga growth, and Eastspring small cap. You will ask why all M'sia equities? that is because EPF only fecking allows me local jaguh kampung funds.