You should also cross -refer tax agent advice attached in the prospectus. You will find it almost towards the last page of the prospectus.

LHDN normally don’t come korek you first 1,2 or 3 years of working, they let you grow fat and normally come on the 7th year onwards. Then they ask you to dig out all your supporting documents for the 4 years prior.

As a unitholder:

(i) you need only to declare income tax.
(ii) taxing of distribution will occur on Fund level i.e. you will receive your distribution net of tax. You are permitted however to claim for “tax credit” in your tax filling to LHDN.

Disposal by unitholders:
(i) no tax on capital gains.
(ii) income distribution that are reinvested will be treated as thought as having purchased new units out of their income distribution after tax.
(ii) no tax on unit split.

FSM is just a distribution channel, they don't do tax stuff. It's always either on the Fund side or unit holder and never distributor.

This post has been edited by aurora97: Jan 21 2015, 05:21 PM

I stand by what i said.

Same-same except I choose the fund that I invested in, wasn’t guided by any particular advice of an agent. So far, it has been hovering around single digit positive return.

Unit trust funds are in it for the long haul and all cycles. Let the fund managers do the worrying for you instead, that’s what you pay them for in the first place.

If I am not mistaken, EPF Eligible Funds must have a min requirement of at least 60% exposure in Malaysia. I think in this cycle Malaysian funds will perform poorly, that being said, I am still sleeping like a [insert farm animal] every night.

Consider the fact what is so different in today’s Malaysia and 1997/1998? Is the economic health of the country really bad?

Plan of action:-

(a) exit and realize your losses now and shift it back to EPF (partial or full);
(b) dollar cost averaging, so as to average out the volatility in your portfolio (some say it’s just cheating or comforting oneself); or
© look for other EPF eligible funds, which have proven performance in the past that has outperformed EPF.

Every cloud has a silver lining, bad things will inevitably happen but it will only be a matter of time for it to run out of steam. (example najib resign)

ASNB wawasan 2020 money, i used to buy my first house. Open when I was 21 years old.

Currently the longest is 3 years.

That's why you bought into unit trust funds in the first place, so that you don't have to worry about the two questions.

Let the professionals do the worrying for you.

Though I have cashed out most of my investments for short term gains, a substantial chunk of my EPF monies have been invested with unit trust funds.

There's a difference between Cash investment and EPF investments, the following is why i don't intend to liquidate my EPF investments because:-

(a) they are for retirement, i still have a good 30 years before I retire and I am riding this wave out.

(b) i don't intend to lose a single penny by withdrawing during market cycles especially when you have 30 years time frame to recover.

© if unit trust fund is feeling the pinch, don't you think EPF will feel the same as well? They probably sell some property or lower dividend payment for next year just to make the cut (also, they can be akin to a ponzi scheme as well).

(d) look at the past historical performance and observe how the fund has bounced back.

(e) believe in what you have purchased because there was something that you agent has sold you and you believed in it.

(f) lastly, stop looking at news. Your in this for the long haul.

Helo everyone, would like to know your thoughts and strategy on my current portfolio.

Portfolio currently limited to AffinHwang and Hong Leong, will add on Principal in the future.

AffinHwang

Fund - allocated - return
SAQF - 30% - 9.35%
SAPDF - 20% - 5.70%
SIF - 40% - 3.74%
SIPG - 5% - 5.65%
SIPI - 5% - 5.66%
GLBF (MYR-H) - less than 1% -5.49%
1TF - less than 1% - 3.24%

PRS Growth -100% - 58.74% (abt 7% p.a.)

SIPG & SIPI are mainly for long term savings. SIF is as a safe harbour to collect gains and DCA for other funds.

Hong Leong

Fund - allocated - return
HLVF - 100% - 1%

Missed the boat on China and Tech story but a bit apprehensive on themed based funds. It's like a one trick pony.

Ideally, the idea was to profit take from funds such as SAQF, SAPDF and 1TF then park it in SIF and then go out and whack some more when the NAV of the funds drop. The target for SAQF and 1TF are 10%, whereas for SAPDF is 8%.

SAQF is quite interesting, as I observed throughout the portfolio building process, it's hit -3% and jumps as high as 12%, within a span of a few months. There are opportunities to cash in the peaks and come back in when valleys appear.

HLVF still observing. The target is 10% as well.

Is profit taking the way or just invest conservatively as observe with PRS Growth, which gives a somewhat decent return of 7% p.a over a period of 8 years.

What you guys think?

This post has been edited by aurora97: Aug 8 2021, 05:15 PM

you can buy through HLB or direct from HLAM. Get in touch with their agent. After that everything is transacted via online on HLAM's platform.

Max is 6% but i think mine is 3%? I donno, never got around to ask.

HLAM.

That's the risk of buying country specific fund (example US/China/Japan), your investment performance will be closely associated with the on-goings of the country. In this case, I think China is severely impacted by China Gov's intervention, Evergrand liquidation, digital sector crack down etc...

My 2 cents at least, if investor intend to buy into thematic based funds (country, sectorial ex tech, 5G, biomedical), I think once it reaches a particular desired return (example 10% ROI), it would be time to dispose of it. Extra care when it comes to sectorial theme funds because they typically have a finite life span. Example, a fund to develop Aeroplanes, each new development will reach its peak and gradually fall off like a curve. Certain funds like biotechnology on the other hand, would perform tremendously when there are new drugs developed but would experience long periods stagnant/declining performance (example a drug fails trial or is withdrawn).

If investor does not have the time to monitor, stick to generic strategies, like equity, mixed asset, balance funds etc... , they are much more resilient in times of adverse market conditions, albeit they may have limited upsides because of their design or diversification.

To round up, EPF did a survey, on point of investment entry and exit. It is observed that most investors had invested at a "high" cost and exited at a "low". Had the investor not withdraw from EPF, the investor would have been in a better position. This may be due to investor chasing the good feeling, oh US doing well, Japan recovering and they decide to chase/enter when the price has moved substantially. Also, when the price has fallen, the investor has failed to do dollar cost averaging. When the price has dropped significantly, the investor will cut loss and not long after the price of fund recovers.

China is definitely something to watch, really looking forward to China sorting their shit out. Unless they decide to invade Taiwan in 2025, then lol shit....

This post has been edited by aurora97: Jan 30 2024, 04:10 PM

No one asked for this but okay... so a little bit more people an buy into wholesale funds... hurray.

SC broadens sophisticated investor categories, recognising knowledge and experience

https://theedgemalaysia.com/node/699843

Fundsupermart, FSM or iFast, is licensed by SC for various regulated activities namely:

(a) Dealing in securities
(b) Fund management [Fund management in relation to portfolio management]
© Investment advice
(d) Financial planning
(e) Dealing in private retirement schemes

It is also registered with FiMM as:

(a) Institutional Unit Trust Adviser
(b) Institutional PRS Adviser

For the purposes of this discussion only , I will touch specifically on unit trust activities and not bond, ETF, stocks etc..., which FSM also deal in.

Hypothetically, the arrangement (high level is as follows), may different from house to house.

X is a distributor for various fund houses.

When X's investor invest their monies, it will first go to X's collection account (Trust Account/Nominee Account). Thereafter, the monies will be transferred and paid to the relevant fund's account the X's investor has invested in, the fund manager will be notified of the additional inflow and the fund manager will instruct the trustee to create the units. (this is typically done next business day unless the money is received after 4pm or a non business day).

Therefore, all monies and assets are custodized and registered in the name of the trustee of the fund on behalf of the investors.

As such, if the X distributor cease business, the likelihood of any impact to the investors assets are mitigated.

What I am sharing is public information; I merely condensed it for your better understanding.

The arrangement is a feeder fund by Hong Leong Asset Management that feeds into Lombard Odier's LO Funds - All roads [Growth/All Roads (this is balanced, supposedly)/ All Roads Conservative], (EUR) I A. [The "I" denotes institutional, and the "A" is accumulation class]


Details of feeder fund: https://www.hlam.com.my/fund_hub/daily_price/
Details of target fund: https://am.lombardodier.com/funds

There are 3 funds: Hong Leong All Roads Balanced, Hong Leong All Roads Conservative and Hong Leong All roads Growth.

At a glance of the fact sheet, invest in sovereigns, bonds, derivatives etc...

Strategic alliance between HLB and Lombard Odier: https://www.hlb.com.my/en/personal-banking/...bard-odier.html