Fundsupermart.com v7, DIY unit trust investing
|
|
 Sep 8 2014, 10:27 AM
Return to original view | Post
#1
|
 
Junior Member
336 posts Joined: Jan 2009 From: behind you  
|
Hello and good morning.
I am new to investments and currently looking at FSM to grow my money for a long term target. I read quite a lot on FSM and it seems to be quite good compared to investing through banks. I just want to ask fellow seniors in here, what is the best strategy can be devised to see a good profitable return in few years time ? I'm sorry if my question sounds vague. Just a little clueless on how to make a start investing.  |
|
|
|
|
|
Sep 8 2014, 10:59 AM
Return to original view | Post
#2
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Sep 8 2014, 10:36 AM) 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. Guess I have to sort out the rule #1 First. 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... » Click to show Spoiler - click again to hide... «   I have just started my career about 5 months ago, I have set aside about 1.5 months for emergency fund already . I think maybe I should put in those money into money market and save a little more on it. |
|
|
Sep 8 2014, 11:25 AM
Return to original view | Post
#3
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Sep 8 2014, 11:02 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 It is very little of course.  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.  That is because I am just few months into the job. When u mentioned "exceed certain amount", you mean the the excess amount after minus my emergency funds ? What I plan for now is , start with a CMF account, lets say initial investment about 2.5k and consistently top up about 500 monthly into that account. Is it advisable ? |
|
|
Sep 8 2014, 11:31 AM
Return to original view | Post
#4
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Sep 8 2014, 11:28 AM) Yes. Thank you a lot man.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. U gave me quite some confidence. I'll do that first, and slowly learn my step up  |
|
|
Sep 8 2014, 01:28 PM
Return to original view | Post
#5
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(adele123 @ Sep 8 2014, 12:25 PM) the siggy... I can directly invest into other funds. But like pinkspider said, I should be ready with some emergency funds as well to cover myself in case investment didn't turn out well. 1%.. I think I can tolerate for it. No problem sekiranya dia membuka akaun hanya untuk melabur ke dalam CMF, apabila dia ingin bermula untuk melabur ke dalam dana yang lain, dia tidak dapat memanfaatkan diskaun yang diberikan kepada ahli baru. tetapi kalau nilai pelaburan bukan banyak sangat, 1% beza mungkin tidaklah begitu ketara. |
|
|
Sep 18 2014, 05:51 PM
Return to original view | Post
#6
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
I wonder why is the KLCI is going more to red recently ?
|
|
|
|
|
|
Oct 7 2014, 10:27 AM
Return to original view | Post
#7
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
Hello everyone,
May someone please enlighten me on what is RSP and how it exactly works ? I read it on the site, but I didn't really understand about it. |
|
|
Dec 5 2014, 01:58 PM
Return to original view | Post
#8
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
Hello,
I have some amount in CMF2 and I want to know what is exactly meant by minimum subsequent investment ? |
|
|
Dec 5 2014, 02:03 PM
Return to original view | Post
#9
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:01 PM) means how much minimum to top up So, its monthly ? And what if I fail to meet the requirement ?  |
|
|
Dec 5 2014, 02:07 PM
Return to original view | Post
#10
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:04 PM) Who ask u to top up mothly...no obligation Thanks for the explanation tho.. confused liao..  Min initial investment is...if u got nothing in that fund yet, how much min to buy min subsequent is...AFTER u got that fund, IF u wanna top up, how much min to buy Just as I thought I was ready to channel some money into UT, it seems the market is so uncertain..  |
|
|
Dec 5 2014, 02:17 PM
Return to original view | Post
#11
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:14 PM) This kinda market baru a good opportunity ar Well, kinda true also, but then if the plunge is further, I can't afford to loose much.. Takut woo..  |
|
|
Dec 5 2014, 02:22 PM
Return to original view | Post
#12
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:19 PM) If u feel that u cannot afford to lose, then u are not supposed to invest Well said.. But I am still yet to reach for my target rainy day funds.. Actually I am doing like what you suggested to me in early Sept, save up till some amount and then start to invest the extras into UT. Investment is meant for money that u don't need to use for AT LEAST 3-5 years  |
|
|
Dec 5 2014, 02:24 PM
Return to original view | Post
#13
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:22 PM) Then don't touch the equity funds for now Sure Sifu Use CMF2 to build up your rainy day funds first  |
|
|
Dec 5 2014, 02:32 PM
Return to original view | Post
#14
|
|
Junior Member
336 posts Joined: Jan 2009 From: behind you
|
QUOTE(Pink Spider @ Dec 5 2014, 02:26 PM) Currently at 3.4%++, CMF2 is sure good. Better than board rate FD nia Actually just top up'ed a little more just now.. |
|
Topic ClosedOptions
|
| Change to: |  0.0473sec
 0.61
 7 queries
 GZIP Disabled
Time is now: 29th November 2025 - 02:03 PM |
Quote