China's numbers at this moment do not show greatness... despite its promises, it remains just that.. promises.

If you are after speculation, go ahead, if you are a grounded by the number investor... wait till the they show you something first!

Remember this guy below? Bakal orang terkaya di dunia... the operative word here is "BAKAL"



Xuzen

This post has been edited by xuzen: Jul 10 2014, 11:17 AM

Lets say your daddy gives you lunch money RM 50.00 everyday to attend school. You are also instructed to spend all of it to help improve the canteen business...

By Q3-2014, he will stop giving you RM 50.00 but instead go back to normal RM 5.00/day. As a canteen operator, you will lose more sales and hence business.

First to drop will be junk food and those desire food (tech stock, cyclical or growth stock), then followed by those staple such as nasi lemak, mee hoo goreng and etc (blue chip).

Since KGF belongs to the latter, it will drop less than ES SC which belongs to the former.

Understand?

Xuzen

Here is something that I will share from Hwang.

Yes you guess it, Esther and I are on first name basis....

i) Bolehland is still experiencing positive fund inflow from foreigners. This means the stock market still got upside. Target 1,960.00 index by year end. There will be volatility but overall the sentiment is positive.

ii) Asia is the way to go. Overweight on Indonesia should Jokowi wins. Thailand is hold.

iii) US is neutal.

iv) Europe...sluggish economy. Underweight.

Xuzen

Which means my Hwang-PRS Growth fund will increase in NAV! Yay!

Xuzen

I dumped all my bond holding since beginning of the year already, including the former all star AmDynamic Bond. Put them into RHB-OSK Money Market fund instead as my temp parking place as well as portfolio stabilizer.

The only bond exposure is via my Hwang-PRS where I don't have a say on how to allocate the asset and where the prospectus states that 30% min must be invested in fixed income at all times.

By the way, I shall be entering REIT in the coming months.

Xuzen

Ooi... you don't simply simply call my darling Lee Sook Yee a PONZI... ok?

Xuzen

You call her Ms Esther Teo, I call her Essie ...

Xuzen

Anytime is a good time to enter into Lee Sook Yee

Xuzen

Post World Cup Stress Syndrome (PWCSS pronunced as pussies )

In some cases, e.g. Lee Sook Yee anytime irrespective got distribution or no distribution is also HUAT time.

With all these emo going on, I am tempted to cut & paste some pixs from Galeries de Celebraties to cool some temper.

It is easy to find pretty girls, but to find presentable girls who are expert money maker... they are truly rare.

Xuzen

p/s UT is buying into the superior stock picking skill of the manager. For example, if you 'd follow some of the top fund anager like Lee Sook Yee & Chen Fan Fai, they went cash heavy (up to 20%) in Q4-2014 & Q1-2014. They know stuff way ahead of us, things that we only know so much later.

Hence, to enter UT or not, the high or low of the underlying index is not important, the superior stock picking skill of the fund manager is more important. For UT, you are buying the skill of the manager.



This post has been edited by xuzen: Jul 14 2014, 02:51 PM

There are very technical/academic ways ... where the inventor wins Noble Prize for it.

There are lazy way, which is still workable. When I started investing UT, I don't know all these very technical stuff, I used the lazy way and still ok.

To fish for good fund, you can:

I) Look at FSM recommended fund list (I don't use this method)

II) Buy The Edge every week and look at the Lipper Ranking. Choose funds that have 12 - 15 pts (max = 15 pts)

iii) If you have Morningstar, choose fund that have 4 stars or above.

With this, you should have sufficient road map to bring you on a good investing journey.

Xuzen

cybermaster, still asking the same question ar? So long liao still not decided meh?

RM100k nia, spilt split lar... why ask so many times wan?

you really got Rm100k wan or not? or just troll for fun... syiok sendiri izzit?

I became financially literate in my mid thirties. In my twenties, I was clubbing, chasing girls.... dreaming about fast cars!

If I had started at below my twenties, I think today in my early forties, I would have achieved financially freedom. Hence, my friend, you have a better chance of achieving financial freedom much earlier than me. Don't waste it!

Xuzen

In summary; winning strategy for UT;

i) Asset alloaction - yay!
ii) Dollar Cost Averaging - yay!
iii) Value Cost Averagig- yay! - Ini lu tanya sama itu wongmunkeong fellar....

iii) Time market to enter & exit - Nay!
iv) Buy based on NAV - Nay!
v) And the most cardinal sin according to itu pink fellar - buy based on post distribution - MEGA NAY!

Xuzen

Ponzi has show me some great figure

I am so going big time into it in Aug-14.

Xuzen

You guys ar... one time mention Ponzi only, followed by ten post abt it...

Xuzen

My algorithm has rebalance in favour of foreign unit trust. It has prompted me reduce bolehland exposure by 20% and asked me to double up on US and REITs related unit trust.

Something is happening in bolehland....

Xuzen

Don't know... my algorithm does not answer WHY like this or why like that.

It only tells me HOW TO allocate my resources efficiently and optimally under the parameters that I have pre-set.

Maybe (a BIG maybe) our Bolehland share are getting expensive and REITs are getting more love these days? You see REITs are slow and steady, and when our share goes up fast, smart money leave the slow train (REITs) and jump on small cap. Now, small cap or index linked blue chip are getting expensive.

The above is my educated guess.

Xuzen

There are no index fund in Malaysia. The closest cousin in Malaysia is ETF.

Your understanding is wrong. UT managers in Malaysia has been beating M'sia index (KLSE) for many years especially those top ones such as Kenanga, Eastspring and Hwang. Even my favourite whipping boy i.e., Public Mutual Berhad funds are able to beat the index.

I believe your misconception comes from reading too many US based literature telling how those passive ETFs and index funds such as Vanguard or SPDR able to beat S&P or DJ. It might be true in the US or highly efficient or mature market, but over here, it is not true.

Xuzen