Convert credit card balance to monthly instalment, charges annualised at IRR of 5.9%

(1) Convert and invest
Or
(2) fully pay off

Wow, Eastspring Investments Global Emerging Markets went up a lot

This post has been edited by Pink Spider: Sep 4 2014, 05:17 PM

But long-term annualised return decent, has been in the range of 7-10%

But...ain't property LAGI overvalued?

FSM used to be under OSK, now under RHB Group.

1. Establish an emergency fund of at least 3-12 months (depends on your job security and your commitments, for me, I have 6 months) worth of your monthly expenses, park aside in savings account or FD or money market fund(s). DO NOT INVEST until u have this done.
2. Determine how much u can afford to invest a month.
3. The more u have, the more funds u can pick to establish a portfolio. If u have little e.g. RM100-200 a month, pick fewer funds.

Or...



This post has been edited by Pink Spider: Sep 8 2014, 10:36 AM

1.5 months is too little. If touch wood u lose your job, u will run out of cash rather quickly. Unless ur papa mama got loads to support u

Open an FSM account, start with RHB-OSK Cash Management Fund 2 (CMF); for money market fund, u won't go wrong with that. Rock solid stable fund, currently yielding close to 3.3% p.a.

Dump all your monthly excess cash in CMF, once u exceed a certain amount, start flowing the $$$ out to other funds.

For a start, maybe u can park 1.5 months in savings account (MAKE SURE U DO NOT TOUCH IT!), 1.5 months in CMF.

This post has been edited by Pink Spider: Sep 8 2014, 11:05 AM

Yes.

As I've said, u won't go wrong with CMF. You can literally dump all your excess cash there, then slowly buy into other funds. It's an excellent "parking" facility.

This post has been edited by Pink Spider: Sep 8 2014, 11:29 AM

Why post in BM

If u ask me, wait until u got regular income before u invest.

What if got some unforeseen emergencies? Can your papa mama fully paid for it? If yes, then u may invest.

But I don't recommend to invest in one lump sum. Try to spread it over 12 months perhaps, buying in bits by bits.

Because u don't have income, don't be too aggressive.

These are the funds I suggest u to look at (not exhaustive list, u can try study others too:

Kenanga Growth or Hwang Select Opportunity or Eastspring Equity Income
CIMB Asia Pac Dynamic Income
Aberdeen Islamic World Equity or KAF Global Equities
Kenanga Bond or RHB-OSK Income Fund 2 or AmBond

A portfolio of 4 funds would be good enough. As for what % to allocate for each fund, that is up to your discretion. Study the FSM Recommended Portfolios to get an idea

Of course FSM will only recommend funds that they have!

But the funds that FSM carries are wide-ranging enough, basically they only don't have Public Mutual ones. Public is...by and large, jaguh kampong. You can get comparable if not better replacements from Kenanga, HwangIM and Eastspring Investments.

Hwang Quantum, yes. One of the best small-mid cap Asia ex Japan fund. Other alternative would be RHB-OSK Emerging Opportunity Unit Trust. But since takeover of OSK by RHB, most of us observed a downtrend in performance...

Eastspring Small Cap is not comparable, cos it's 100% Malaysian small-mid cap, whereas the 2 mentioned above have mandate to invest in offshore Asian markets.

As for KGF...yes, performance have been spectacular. U may also consider Eastspring Equity Income, both are 100% Malaysian equity fund. But I prefer Hwang Select Opportunity as the fund manager can diversify up to 30% in offshore markets if they see limited potential in Malaysian market.

Btw, to clarify, I'm saying FSM range of funds are wide-ranging, NOT the Recommended List.

But then again, we are not buying an index fund. When we buy into a good fund, we are relying on the fund manager to deliver us market-beating returns. And this is very possible in less than efficient markets like in Malaysia and Asia ex Japan.

CIMB Dynamite is more stable than AmAsia Pac.

And RHB-OSK Global Equity Yield...RHB-OSK...need I say more?

share your top picks

Ya ya

Hope for the best, expect average, dump the worse

Hope for market-beating returns, expect market returns, dump market laggards

Past performance speaks for itself:
http://www.fundsupermart.com.my/main/admin...eetMYAMCSVT.pdf

Comparable to the award-winning Hwang Select Income Fund, difference being, the Hwang fund can invest offshore.

An uninvited comment/opinion from me...

...dump the 2 RHB-OSK funds!

This post has been edited by Pink Spider: Sep 15 2014, 09:55 AM

Compare its performance vs global funds like CIMB Global Titans

Itu...baru 7 bulan

Pls evaluate based on longer timeframe i.e. 3 years and above