Oh like that ar?

Hello Mr Officer from Securities Commission

This post has been edited by Pink Spider: Jan 19 2015, 01:30 PM

pink...you got a VERY good and creative ways of explaining....appreciate it very much.
thanks you...have to say this first...scared later forget...now have to go cari makan lunch.

This post has been edited by yklooi: Jan 19 2015, 01:33 PM

No wonder pink is the sifu here... cos you are really patient explaining all this

I think ppl don't get NAV and distribution because they kept equating it to share price and dividends, which is completely different. Noobs like me who never play share can grasp the idea quite easily but those started off in share market first find it hard to accept.

Just remember - NAV and distribution is NOT share price and dividends. Then I think it's easier to open your mind to understand how it works

Pattern King

do you guy know any web site or program for pc that we can keep track the fund price?
it is very difficult to keep track many funds in one time.

I know FSM got android app, but i am using windows phone.

Bloomberg

Apa pattern?

die die must spreadsheet this hehe (to be clear and hope didnt miss anything logical)
https://docs.google.com/spreadsheets/d/1CSg...dit?usp=sharing



Hope this helps U (clarity) or me (learn something new)

thanks, i able to add some into the watch list, but not able to find.
Affin Hwang Select Asia (Ex Japan) Quantum Fund
AMB DIVIDEND TRUST FUND

unker looi said u got creative way to explain

just found Affin Hwang Select Asia (Ex Japan) Quantum Fund.

This post has been edited by gfish213: Jan 19 2015, 02:48 PM

It's all shits and chickens

still going on yklooi? but you better make it clearer la.

I dont agree i over simplify things.

A and B both invested same amount say RM10k and invested same Ut, otherwise people say you compare apple to orange.

Say A used his RM10k and got 15000 units and B entered at higher NAv got only 10,000 units.

A is doing better since he got more units from same RM10k same UT.

Someone earlier argued that, A must have invested longer - Yes , only if this Ut price is always on the up and never drops when A and B entered (different time of course, otherwise how can 1 get 15k units and another only 10k units)

I disagree becos price fluctuates up and down. we are not talking abt price drop from distrib. We are talking about buying at dips , unrelated to distribution.

So if you (B) buy at 0.54 last month and i(A) buy now at 0.50, sure for the same RM10k you get less units compared to me now. And you have invested longer than me.

Then come yklooi's theory.

He said i got more units, "no use, dont be too happy, can even be more dangerous". He is saying I can also lose more when the time comes when the market crash. Here i disagree with him, if market crash, price drops, I (A) cannot be losing more than you (B) just becos i have more units .

yklooi, your theory could be correct only if A got more units solely becos he invested in larger amount of money.

So your theory will be correct if A invested more money say RM20k and so naturally got more units compared to B who invested only RM10k and thus lesser units.

Who ever buy more (at same price), when market crash, sure will lose more then those who buy less (lesser exposure).

But we are talking about buying same amount (RM) and getting more units - A prudent buy if you wish. You are not going to lose more just becos you got more units from your prudent buy , by entering at lower NAV time.

Again i see NAV and number of units matter, nothing to do with your perennial arguments on "increased units from distribution" ok?

And don't ever use NAV to decide whether to buy more/top up, because NAV is HISTORICAL.

NAV at all-time high =/= "expensive"
NAV low =/= "cheap"

See FAQ No. 3 on Post #1

This post has been edited by Pink Spider: Jan 19 2015, 03:20 PM

You know the idiotic question where they ask where’s the missing $1? The point of that question I believe is to not be directed by the flow of the riddle, rather to work the logic based on basics maths. The question was designed I believe to divert your attention from what that really matters.

If you invest in stocks yes… Holding 2000 shares of RM1 stock vs 1000 shares of RM2 stock, when both stock price increase by 1 cents, yes there is a difference. But UT NAV calculation is not like that. Stock price must at least moved by 1 cent. but in unit trust it's a different matter altogether.

Go back to basics. The NAV or Fund Price is calculated by ‘TOTAL NET ASSET VALUE of the fund’ divided by ‘TOTAL UNITS AVAILABLE’.

UT just follows the value of all the holdings under it… then use the formula and get the NAV.

So if example entire Q’s fund value is RM2000 at the beginning of the day, and RM2002 is at the end of the day. If the fund has 1000 units, the change of fund price would have been from RM2 to RM2.002 or if the fund has 2000 units, the change of fund price would have been from RM1 to Rm1.001.

The fund price movement is a result of change in the ‘TOTAL NET ASSET VALUE of the fund’. And not the other way…

If I repeat the example with 10000 units, then the change of fund price is from 0.2000 to 0.2002.
If I repeat the example with 100000 units, then the change of fund price is from 0.02000 to 0.02002.

At the end of the day, it’s still 0.1% increase.

Thank you for the "ENLIGHTENMENT" Pink, wongmunkeong and Guy3288

This post has been edited by yklooi: Jan 19 2015, 05:14 PM


Attached thumbnail(s)

yeah ,i know what you wanna say and i agree with you.
Historical which also means with hindsight after it has happened.
Becos it is really hard to predict and know excatly when is the NAV is going to go up or
come down in its normal fluctuation cyle, unrelated to distribution/dividend .
So the saying buy at any price la, if you think it is good....


as they say ........
NAV at all time high = expensive, does not mean must avoid buying becos, it can still go even higher IF IT IS good.
NAV low = cheap, does not equal a good buy, becos after you buy it, it may drop further.



But i am sure we all have seen, for the same UT and same amount of money invested,
one may get more units compared to another,due to significant price fluctuation (dip), and entry at different time frame,
sometime in such a short time span of say 1 month.

Worse is, the person who bought earlier is getting less than the person who bought later, so obviously the more units in the discussion was not referring to someone who "grows" more units due to longer invested time as someone reasoned earlier.

I cannot fathom to think those extra units gained from lower NAV at entry does not matter.
It matters as it will increase your TOTAL VALUE of




? i dont know what relevance the above to my saying: buying at lower NAV (excl distrib drop) gives you extra units and thus more total value in holdings compared to someone who bought the same UT at higher NAV and thus getting less number of units..

And these extra units will be further amplified, when the time for distribution comes.

My point is, extra unit matters if we are talking about same amount of money invested for exact same Unit trust in about same time period eg in a month or so.

aiyo ... china plunged so much ... how la asia ex japan ni....

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