Just a side note:

Ponzi 2.0 fund size is approaching 1.5 billion:

RM 1,470.00 million (as at January 31, 2015)

1 billion has 9 thrilling zeroes: 1,000,000,000

rhb? bukan cimb?

2.12%    gomen profit, investor incur extra cost 

2% goes to FSM

0.12% goes to gomen after GST.. Currently Zero for gomen.. so after tis gomen profit (get 0.12%) 

ECB QE vs Strong US Job Data

Actually, it is quite rational, according to the type of market participant.

Shorter term participants (traders, speculators) are focussed on market expectations. If they expect interest rate rises, which is bad, they react accordingly.

Longer term participants (investors) focus on economic growth. If jobs growth point to a stronger economy in the longer term, now is a good time to invest.

......One approach could be this: "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'. Buffet, of course. You decide.

should rename this thread.. "LYN Official Fundsupermart.com" v9 .

Ah, but if you review and change, you are not leaving it entirely to the FM. The question is how frequent.

If you didn't do anything for 10 or more years, say, that's a different story.

Bloody in US..

Anyway, well done! That idi*t kena in the face  

One thing I discovered about the RHB OSK fund houses is that it is not cost effective to practice constant dollar investing or dollar value averaging with them.

Imagine this, you buy a RHB OSK equity fund and have paid the sales fee of 2%. Then you want to switch some profits into the RHB OSK Bond Fund using the CDI or DVA method. You have to pay a switching fee of RM25.00.

Later if you want to switch back the profits from the RHB OSK Bond fund into any RHB OSK equity fund, you have to pay 1% of the repurchase price per unit as the redemption fee. The redemption fee of 1% is only waived if you switch or sell the RHB OSK Bond Fund after 1 year.

Where is the logic in this? How are we supposed to make a decent profit or to practise asset allocation like this? 

May I know what is that?

Thanks for your advice. I will be cashing out from all my RHB OSK unit trusts except for RHB-OSK China India Dynamic Growth Fund. For me, any fund house such as RHB-OSK that does not encourage investors to do regular portfolio rebalance by imposing switching fees and redemption fee is OUT.

Investors should stay away from these type of fund houses if they are investing for the long run.

Hi, I disagree with your view but that is the purpose of a forum, for members to exchange ideas and knowledge. 

I am not an expert in unit trust. But I strongly believe that portfolio rebalancing, whether done once every 3-4 months, once every 6 months or once a year is crucial for the success of any long term investment in unit trusts. Unit trusts is not blue chip dividend shares where we buy and hold the shares forever (to quote Warren Buffett). We need to manage the risks against the expected reward.

For example, our asset allocation is 80% in equity unit trusts and 20% in bond funds. If after one year, our asset allocation drifts to 90% in equity unit trusts and 10% in bond funds, then we need to re-balance and sell off 10% of our equity funds and buy the bond funds. To avoid costs, we should transfer the profits into the same bond fund house to avoid paying the sales fees again when we switch back into the equity fund later. For eg. we will switch the profits from the Kenanga Growth fund into Kenanga Bond Fund.

There are tons of books in the market on asset allocation and portfolio rebalancing.

For serious long term investors who are investing for their children's education, retirement, etc. I find the following books extremely useful:-

(1)  The Four Pillars of Investing by William J. Bernstein

(2) All About Asset Allocation by Richard Ferris

To all the sifus here, I hope you will not laugh at me for providing such basic information above. 

I don't understand your statement ":hmm: why would I be tie down to only 1 FH and having 1 FH (enhances my RM 100 000 risks) for RM 160?"

We are not investing RM100K in one fund house, e.g. KGF, but diversifying it into different global funds, asia funds, Malaysian funds, REITs and bond funds. So the risk is minimised.

Well, if we follow the principles of John Bogle, the founder of Vanguard, costs is an important consideration when we invest in mutual funds or unit trusts. For example assuming we save the SC of RM160 and invest it in a unit trust with a return of 10% per annum. After 20 years, the principal sum and compound interest will amount to RM1076.40. Of course we may not get a 10% return every year and the inflation rate has not been taken into account, But I am sure you understand where I am going with this. Multiple the sales fee of RM160 by 10 times to RM1600 and we are looking at RM10,764.00 profit after 20 years.

Happy Investing!