Hmm within 2 weeks RM12k gone from portfolio. How come the market so crazy one.

When Markets Correct, Take Advantage: Recommended Funds at 1% sales charge
http://www.fundsupermart.com.my/main/resea...?articleNo=5117
Kenanga Growth Fund  N.A.  RM 2000.00  -  -  1.00%  Cheque  CHEQ  Pending  Buy

I top up Ponzi Quantum now

I think local small/mid caps have lost quite a bit...now is quite a fair entry

Europe already a bear then

European stocks dropped for an eighth day in the longest rout since 2003, oil fell toward $80 a barrel and Treasuries rose on concern global growth is slowing. Bonds from Greece to Spain slid while the dollar strengthened.

The Stoxx Europe 600 Index (BCOM) lost 1.5 percent at 10:30 a.m. in London after dropping 3.2 percent yesterday. Standard & Poor’s 500 Index futures declined 0.4 percent. West Texas Intermediate crude slid 1.5 percent to $80.55, dragging a gauge of commodities to a five-year low. Ten-year Treasuries advanced for an eighth day, the longest winning streak in two years. The yield on similar-maturity Greek bonds jumped 81 basis points and Spain’s yield increased 21 basis points. The dollar gained 0.3 percent to $1.2794 per euro.

just for info....FSM Penang office moved...

NEW address & phone contact .....

http://www.fundsupermart.com.my/main/resea...?articleNo=5125

new members got 0.88% SC?

mainly pushed by small-mid caps

my large caps didn't really move much

Unit split/bonus units

2 for 5

I.e. 2 additional unit for every 5 u hold

E.g. u previously have 10,000, CIMB-Principal will "give" u "free" 4,000 units

Work out a hypothetical scenario is easiest to understand such concepts...

Imagine fund size RM100,000
NAV: RM1.0000
Previously outstanding units were 100,000
Now they do 2:5 split/bonus
Now become 140,000 units
NAV becomes: RM0.7143

If my finance knowledge doesn't fail me...

U take pre-split NAV i.e. RM1.0000
U do this factoring...
2:5 split mar...
RM1.0000 *5/7 to get your ex-split NAV

Similarly, to get back to pre-split NAV, u take ex-split NAV
RM0.7143 * 7/5

Split is more straightforward than distribution, cos everyone is taking the units, no one is taking cash out.

Whereas distribution, some unitholders take cash, some reinvest. So the calculation not so straightforward.

Before split, u have 5
After split, u have 7
Extra u get, 2

^
The numbers for the factor calculation

Eh, why u bother with the calculation?

Just take the number of units u holding before split
Divide the number by 5 and multiplied with 2
That is the number of "free" units u get
Just add on to your holdings
No need assign NAV price to it...

u punya matematik...

Your cost DIVIDE new total no. of units will be your avg price post-split lor

No need bother with the split calculation

Maybe your tracking worksheet different from mine

Hair is precious...don't lose too much of them

Distributions, splits, bonus issues, all those will mess up the average cost per unit calculation
That's why I gave up, I only track total profit/(loss) and IRR nowadays, too much numbers and % which may not help at all

nice.. I see.. cause FSM dosent go into those regions specifically.. hard to diversify :C

ok, so basically now its 2:5 ratio now..
but still i dont understand why the loss of 30%

sorry boss for disturbing you