Pinky, you still haven't make your move Hwang SOF? The wait is really killing me. Thinking of making a first move soon. Not waiting for the GE.

Just found out today that I can use M2U to buy Hwang UT online. Very good news for me.

Buy direct from HwangIM u mean? The Sales Charge gonna be 5.5%

I'm comfortable with Asia Quantum for the time being. SOF focuses more on mid-large cap stocks, which is already covered a bit by my Global Emerging Market equity fund.

No lar. Planning to buy through Maybank.

Was actually planning to buy in Asia Quantum. But market up up up already. Don't want to get caught.

Merry Christmas to all

Actually from the past 3 months of monitoring AQ and SOF, found that their NAV fluctuation were fairly reflective of their investing strategy.

AQ - small-mid caps, higher weighting on Asia Ex-Japan than SOF
SOF - mid-large caps, heavyweight Malaysia (min 70%)

AQ's up/down % is larger. But at the same time during the last 3 months, KLSE was moving sideways mostly, with little gains. SOF movements reflected that.

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Added on December 25, 2012, 10:29 amFiscall Cliff looming, resolution by year-end seems remote. Dow looking to fall below 13,000 again...ammo ready

This post has been edited by Pink Spider: Dec 25 2012, 10:29 AM

Any good bond funds around? RHB islamic bond fund seem the only choice i have. The rest are closed.

Yes.

Since I'm already holding a big chunk of AmDynamic which is Malaysia focus, thinking whether should buy in AQ or SOF.

SOF, wait election. AQ, waiting for resolution. Let them enjoy their Christmas first.

Most probably buying in AQ. Don't want all my portfolio focus on Malaysia.

If u can bear with 1.5% SC (with FSM, direct and thru banks is 2%), Hwang Select Bond Fund. Outstanding global bond fund (u need not worry about forex risk, the fund manager actively deploy currency hedging).

If u want 0% SC but can bear with lower returns with low volatility, I highly recommend OSK-UOB Income Fund. Safely 4% IRR.

If AQ, you can take opportunity on the 1% sc offering by FSM now till mid Jan 2013. A good deal!

How about the osk emerging bond fund? I read morningstar, it says the risk is on scale of 6 out of 10 though. High risk bond?

Today china up 2%. Look like china region the stocks are recovering.

I'm getting IRR of 9% from that fund. Yes, risk is higher, NAV fluctuation can be as big as an equity fund. But overall, the risk-reward balance is worth it.

Kaka, you just bought in the fund too right? Why don't wait..

AmBond (same old same old stodgy) & OSK-UOB Emerging Markets Bond Fund (something different & look at them performance, though ada front load) are my target for transferring my PBond & PSTBF to FSM platform (silver & gold discounts, here i come!!)

Your mileage may vary

ya, just bought in the 1% sc promotion for 1K. Plan to go in some more next month.

hand ichy la, cannot wait. MY exposure portfolio will wait till GE...

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Added on December 25, 2012, 3:18 pmBro.. giving up becoming agent for PM is it? Hehehe...

This post has been edited by Kaka23: Dec 25 2012, 03:18 PM

Hi guys, a general discussion on this holiday...

With UT dividend funds (be it high yield equity funds or bond funds), the fund receives dividend/interest incomes and makes distributions which are generally reinvested. So, in most of the cases, distributions have no cash flow implications to investors.

If we invest in REITs or high yield equities ourselves, we will get dividend distributions in cash.

So, let's say you have excess cash of RM500 every month that can be invested, would you prefer

(a) Investing in UT income funds
Assuming portfolio size of RM120,000 with portfolio yield of 5%, your portfolio will grow at rate of RM500 per month. So, u will spend the RM500 excess cash u have every month and let your portfolio grow from the reinvested incomes.

(b) Investing in dividend yielding shares
Assuming identical portfolio size with identical yield, you will dollar cost average your share investments by RM500 a month. Meanwhile, you will spend the dividend cheque(s) totalling RM6,000 that you will receive in a year.

Discuss!

This post has been edited by Pink Spider: Dec 25 2012, 05:06 PM

I tells U... latest pain in the butt (other than downgrade of FPAdvisor & bugs in CAMS2 software irking me to start the snowball to FSM) my cousin's EPF investment kena tahan & asked Qs cow cow earlier this week by PM... if i can find a way to do EPF A/C1 with FSM cheaper and faster than PM now, i'd just walk

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Added on December 25, 2012, 5:12 pmREITs vs UTs?
Based on the reasoning of INCOME investing primarily & CAPITAL GAINS only as secondary, i'd do REITs directly
UNLESS
I want exposure to REITs in markets i can't get to OR can't buy cost effectively with RM3K.

Reason:
Since REITs is relatively simple to quantify & qualify to buy (when it is of value to one), i don't see why i should pay a fund house 1.x%pa to "manage & audit them" for me. Keep cost low, break even faster, better probability of profiting & higher profits too.
Thus, instead of doing monthly $500 into UT, i'd hold monthly and after 3 months or more, buy into REITs that meet my values.
Heck, if i hold for 12 months+/-, i can cost effect buy SG REITs

In addition, cash dividends in hand and not auto-reinvested can be a blessing as auto-reinvesting when REITs/valuation is rich isn't too smart. I'd rather keep them aside in flexi mortgage / bond fund / money market fund and build-up as extra ammo when valuation is good to buy. Pls note that some REITs allow auto-reinvesting but personally, i've not taken that option.

Just my 2 cents - not gospel truth yar

This post has been edited by wongmunkeong: Dec 25 2012, 05:15 PM

Hi Mr. Wong how to invest in REIT ?

Err, my question is not strictly REITs vs UTs, but REITs/dividend-yielding equities vs UT investing

The former option will have u dumping all your excess cash into equities and enjoying life on the dividend cheques

The latter will have u letting your portfolio grow while u enjoy the excess cash (incomes less expenses and financial commitments) u have monthly

This post has been edited by Pink Spider: Dec 25 2012, 08:46 PM

Hi Aoisky.
Take a peek @ http://forum.lowyat.net/topic/2498000/+460#entry57048773
and the previous "versions" V3 and V2.
I think i posted a "how to" in V3 (the previous version).

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Added on December 25, 2012, 9:01 pmOh.. heheh my bad.

er.. what's the diff between former & later ar?
One is $ from UT, one is $ from REITs - both assumed to be same size & returns %.

This post has been edited by wongmunkeong: Dec 25 2012, 09:01 PM

Thanks Wong Sifoo

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Added on December 25, 2012, 9:05 pmis REITs and dividend-yielding equities same ?

This post has been edited by aoisky: Dec 25 2012, 09:05 PM

BAT, GAB, Maxis, PBB etc are all dividend-yielding equities, but they are not REITs

Axis, Hektar, UOAREIT etc are BOTH REITs and equities

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Added on December 25, 2012, 10:24 pmNo, got A BIT difference.

If u let your UT portfolio profits accumulate and spend your excess cash, your portfolio may experience negative growth due to market losses

If u invest your excess cash and spend your dividend cheques, u are spending your investment returns.

No difference?

This post has been edited by Pink Spider: Dec 25 2012, 10:24 PM