I was out for 2 weeks and you guys already moved to new house. How to keep up like this.

Last night US market closed, how it get red? Thought that was from Friday.

I'm wondering how safe is FSM if I were to put in, let say RM10M? Not that I have 10M, but should I put my eggs in several baskets instead of just FSM?

You want to transfer rm150K in a day

Good choice actually if you like mostly local funds but too many overlap. My choice would be below

KAF Vision Fund - Malaysia small cap - large cap dynamic allocation
Eastspring Investment Small-Cap Fund - Malaysia small cap
Kenanga Growth Fund - Malaysia large cap
CIMB-Principal Global Titans Fund - Developed countries large cap
CIMB-Principal Asia Pacific Dynamic Income Fund - Asia xJap large cap
Affin Hwang Select Asia (Ex Japan) Quantum Fund - Asia xJap small cap
RHB-OSK Islamic Bond Fund - Malaysia
RHB-OSK Emerging Market Bond Fund - EM
RHB-OSK Asian Total Return Fund - Asia xJap

it depends a lot your portfolio size, rm10K could be different than rm100K or even rm1M, and how many portfolio you want to create, FSM allows for 3 (soon to be 5) beneficiary accounts and you may have different strategy for each of them.

Since you have selected so many funds, I assume you have much more than rm10K. I would select the best fund for each category but only if the performance is good, not just for the sake of including that category by picking the best of what are available in the category. If you want to have multiple top funds in same category, look for different style of investing such as growth, value, dividend, income etc. I would also include 1-2 satellite funds that are expected to performs well short term or even new funds that has been performing very well in last 1-2 years. This is what I would do, each their own way.

I think China funds would continue to rise for the next 3-5 years... but I don't have Algozen.

Ya, when is the next reading? I'll follow his Algozen with 30% of my fund size, promise

Yes. During dinner with FSM/Affin Hwang last month, we (yklooi & myself) feedback to CIS that 3 accounts is simply insufficient. This was brought up to FSM management and they have approved to increase to 5 when I followed-up with their CIS two weeks ago. This project is now pending their IT team deployment schedule.

You're good mang

I do not have experience with EPF account on FSM.

Beneficiary account is like having nomination in case of your demise. For example, if you have a wife and 2 kids, you can divide all your funds into 3 beneficiary accounts. When you died, your wife will need to contact FSM and open her personal account. FSM will move all funds inside her beneficiary account to her personal account. Same goes to your kids' one. But if your kids are still minor, FSM will move both of your kids' beneficiary accounts to under their guardian (your wife) personal account.

Anything funds that you place in your personal account will follow your Will if you have one or Distribution Act if you do not have a Will. Both would be a lengthy affair with the later one more messy and longer to settle.

Got a message from CIS today. Good news.

I'm from engineering background as well but if you want to go far in your career, start learning how to talk and market yourself. Sorry OT a bit.

I practice partial lump sum. 50%-70% in first and the rest follows in 3-5 installments over several months depending on the market condition. You can put in 100% lump sum for fixed income fund or those just coming out from a down-turn like Malaysian market early this year.

Top up and additional lump sum investment are different in term of amount. I top up based on VCA after initial investment completed. If you have additional lump sum money to invest, I would partial lump sum in and installment the rest. If just want to top up a bit, can do that anytime based on your system such as DCA, VCA, CDI etc.

That is why we need to stick with a system. If we use DCA then stick with DCA through thick and thin. Same goes for VCA or CDI. Adding rm5000 to existing rm5000 investment is not top-up but additional investment. I would use my modified lump sum method for the additional rm5000. First is to make sure the bulk of my investment take advantage of time advantage from the beginning and the installment take care of cases where market drop after the initial lump sum. I do not like pure DCA as based on my study, DCA performs best only on mostly bear market. In any other market, it lose out to lump sum, CDI and VCA. DCA is on par with VCA if done monthly top-up. Taking a long term view, market went up 60% of the time, so what is the advantage of DCA then?

I think Algozen said there is a small fortune in local small cap as well.

I just bought 10k of KGF for my sister today Last day to use new account benefit but does not matter since KGF is also on recommended fund list promotion.

Interesting to see that 20:80 equity-bond ratio beats 80:20 ratio over 20 years. I wonder if that was a typo.

That was what I referring to. Kind of strange.