Yo stmt refers to ASB
There is no specific quota for non bumi in ASW, ASM n AS1M

Hence the importance of the track record. Thats why its important to invest in funds with at least a 10 yr track record. Plus those who get burnt in variable UT's are those who go in short term thus increasing their risks by a huge margin. If you can maintain your investment for at least 5-10yrs, what have u to worry? Even if you have a couple of years of negative returns, it wont matter cuz the returns will even out over the longer term. Btw, you can only make losses if you sell so if you have the holding power (just like property) why would you worry? Diversification of investments is important.

Plus, its very important to choose funds with good and proven fund managers. Lee Sook Yee is well known in the financial industry. She was formerly Head of Equities at Meridian Asset Management whr she managed >RM 1 billion in assets.

When you choose a unit trust fund, risk is very important concern. That’s why the Sharpe Ratio (SR) comes into play. The SR ratio was developed by Nobel laureate William F. Sharpe to measure risk-adjusted performance for investment funds. All unit trust funds in the world have an assigned Sharpe Ratio. The higher the SR, the higher the risk adjusted returns of the fund meaning if the SR value is higher, then the potential returns of the fund far outweighs the downside risk of the fund. KGF has a SR of 1.57 which is quite high for a moderate risk fund.

There are 612 different approved unit trust investments in Malaysia valued at RM 350 billion currently. So choosing the right fund is important. YOu earn through appreciation of the NAV and also the dividend payout. In 2012, Kenanga declared a 2 for 1 dividend meaning for every unit you owned, you would get 2 units in return. That’s a 200% return based on number of units alone.

In any investment, there are always cycles. If you can weather the storms with a good financial backing, then why worry about future gains?


Attached File(s)
 Best_Performing_Equity_Fund_2014.pdf ( 333.99k ) Number of downloads: 38

Yes im refering to ASB as well.

Wah, you can write a book on UT!

I was into UT in the 2000's and sold all before the crash. Made some money then. Now I am reluctant to get into UT again. Why? Stupid UT policy where they charge x% regardless of whether the fund they are managing is making money or not.

Good to know that some of the international investment gurus cautioned to steer away from UT. I know there are some very good UTs in the market but the bulk of them are just there to bleed money from the common investors. Even our local investment guru, A Ali, is also "against" UT.

Maybe I will take another look at UT using a different set of eyes. Ha.

Cheerio.

P/S Off topic and so I better pen off here on UT.

This post has been edited by plumberly: Jul 31 2014, 09:47 AM

Well, the sales charge through Fundsupermart is only 1% and then the other management costs are taken from the fund itself (which is currently at RM240mil).

But ive only parked about 100K in it and im prepared to keep it there for about 10 yrs. No issue.

Mutual fund investment is another area already.
I treat ASx fixed price funds as a high interest saving rather than an investment, judging from its liquidity.

Nah the link that you posted up isn't the full book. The full book is almost about 200 pages.

Thats the part that i wanted to know. How much did you buy the book for ?

Price in M'sia is RM47.

How come the lucky ones can win so many competitions?

Let me share a story first.

Bill complains to God as he feels he is unlucky, has never won any 6/52 prize. Bill prays and prays. Goes to church every Sunday. He was about to give up when God appear to him one night. Bill says that he has been a good, faithful, honest man and he deserves to get the 6/52 first prize. Sympathizing with Bill, God put his hand on Bill's shoulder and say that everyone in heaven is trying their utmost for Bill but Bill needs to do one very important thing.

GO AND BUY THE 6/52 LOTTERY TICKETS!

Bill has not been buying any tickets and thus he has not won any prize!


Back to winning competitions, secret is participate in as many competitions as one can! If you don't enter, you can't win!

My apology to those reading Luck Factor, for spilling the beans here.

Cheerio.


P/S Yes, off topic. So will stop here on this topic.

This post has been edited by plumberly: Jul 31 2014, 02:39 PM

I was expecting to see such a suggestion from reading the book haha.

But yeah, the more competition that you participate in, the higher would be your chances of winning it.

In terns of ASX, the more frequent visits that you make to either Pos, or the participating banks, the higher is your chance of securing some units

See? Spot on!

Ha.

Talking about competitions, any of you guys here are going to place your deposits with Affin Bank ?

Realised that they are having a competition and the first price is a mercedes benz cla My Webpage

I did in their previous OMG competition with quite a large sum. Result? Kosong. Did not even get an Ipad or the small gift.

I have put in a small amount this time. Like God say, need to be in it to win it! Ha.

Did you choose to open up their FD or savings account ?

How large is yo large sum?

my question here probably has been asked by others.

Sorry, it too much for me to got page by page.

I just want to ask whether it is good idea to take personal loan (not asb loan) and put it on ASB account. Monthly payment just use my money.

Anybody have done this? Hope you guys can share with me..


thanks.

If intention is for the contest only, then saving account will be better (RM500 = 1 entry for saving, RM2000 = 1 entry for FD).

Used FD in the previous OMG. Wanted to use saving account this time but due to my many debit and credit in saving account, it is hard to keep track of whether I am entitled for the competition (minimum balance till end of the yr). So went for FD.

Learnt from my mistake a few months ago in the FD forum. I will not mention the amount.

1,000, 10,000 ....?

Cheerio.

My 2 cents here...

It depends on the personal loan rate.

No point in doing this if the loan rate is only slightly lower than ASB dividend rate. The hassle, fees here and there, your future loan eligibility, etc etc may not be worth it.

If I remember correctly, the ASB dividend rate - ASB loan rate is about 2%. Use this as a guide.

All the best.

Remember that personal loan is under flat rate not reducing balance interest which is applied for asb loan. If u want to compare apple to apple, multiply the flat rate interest by 2 before comparing ok.this is just a general guideline as the multiplier changes with loan tenure, but u can use 2x to be safe

Went to PM to post a registered letter. Tried ASX and got RM 100, 450 & 5000 for AS1M. The staff asked me whether I wanted to try some more and I replied no as I ran out of money! Pity.

This HR has been nice and generous to me. Thanks!

Luck factor? Ha.

Congrats
Dedicated a song for u -> Title : Some Guys Have All The Luck
http://www.azlyrics.com/lyrics/rodstewart/...alltheluck.html