Seems like RHB is removing OSK from name of their funds...

I think they make an announcement on this before.

Wall St. drops as jobs report augurs for September rate hike

(Reuters) - U.S. stocks ended lower on Friday after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September.

URL: http://finance.yahoo.com/news/stock-future...-111513773.html

I think Asian markets bear might linger for some time...

*maintain AT LEAST 33% exposure to US/Europe/Japan*

he has a different opinion.....

https://secure.fundsupermart.com/main/resea...SJBlog_20150806

Oh no. I wanted to transfer the holdings without selling. Transfer fee was charged my bank, not FSM.

Some personal observation/sharing/lessons:

1) Let's recall Algozen™'s earlier reading (2 or 3 mths back) when she was very gung-ho about China, where she recommended 80% China and 20% local small-cap. Basing on this; let's assume Investor A has a very aggressive risk appetite and he puts 70% of his portfolio into equities where 80% of the equity portion goes into China specific fund and 20% goes into small cap. The remaining 30% of his portfolio he bought in bond/money market fund.

2) I am not sure how much the Shanghai Index has plunged but the fact is the China specific fund I tracked, at the worse case it dropped 10% only. Now let's use a nice round number of RM 100K. If China specific fund drops 10% (which it did!), the loss is 70/100 x 80/100 x 10/100 x RM 100,000 = RM 5,600.00. The total portfolio drop is 5,600/100,000 = 5.6%. In actual fact this may be even less because the bond portion would have made some gain to offset the loss.

3) For an aggressive investor 5.6% is definitely within the risk limit. For me, someone who calls himself a high risk investor should be able to tolerate up to 20% loss. What about a moderate risk taker? I would say 10% to 15%. To adjust the risk, increase or decrease the bond/money market percentage.

4) In investing, be prepared to take losses. If you want to consume chilli, be prepared to tolerate the spiciness. To be technical, the fund I tracked has a Std-Dev of 10%, and when it made a loss of -10%, it quickly reverse and gain back to -7% and is now hovering between -7% to -6%. Should I top up slowly using DCA, I may actually very quickly lower the cost to breakeven.

5) In conclusion, when market is hot, don't chase the market; when it is down, don't panic and sell everything! DCA is your greatest protection against risk. Let DCA smoothen out the ups and downs of your portfolio.

Don't panic, stay invested and be objective!

Xuzen

This post has been edited by xuzen: Aug 8 2015, 02:34 PM

Celente predicts global stock market crash before end of the year........

http://kingworldnews.com/gerald-celente-ju...act-time-frame/

Everyone Believes It, but Most Will Be Wrong
Some of these predictions are almost certain to never come true. Which ones? No one knows. That’s the point.
https://www.fool.sg/2014/01/20/everyone-bel...-will-be-wrong/

click 'Refresh" when prompted to sign in

The Deflationary Implosion On The Road To Full-Blown Global Collapse

http://kingworldnews.com/the-deflationary-...lobal-collapse/

if you are interested in these.... financial doomsday scenarios kind of write ups...
try
https://www.google.com.my/#q=financial+doom...iction+websites

I wud rather engage an astrologer to let me know when I will "Huat Ah"

Thinking of investing in India equity. Other than Manulife India Equity, what other funds can I consider?

That's the only fund with 100% India exposure.

Other funds are sort of mixture.

Any good site to explain "Modern Portfolio Theory" in easy to understand way?

The struggles of emerging markets equities and exchange traded funds are not confined to a particular region. No longer do Latin America ETFs have a monopoly on laggard status. Asia’s status as a beacon of emerging markets strength has been dealt a serious blow this year and that sentiment extends well beyond China.

That includes the iShares MSCI Malaysia ETF (NYSEArca: EWM), an ETF which has tumbled 15% this year and fell to a new 52-week low on Thursday. ast year, EWM lost 11.6%, including paid dividends, roughly triple the loss incurred by the MSCI Emerging Markets Index.

Prime Minister Najib Razak has been cutting down on government subsidies to limit fiscal risks in an effort to steer the country toward high-income status and toward more domestic consumption. Consumption is now said account for over half of Malaysia’s gross domestic product. [Malaysia Economy Gains Strength]

While some emerging markets, India being a prime example, have benefited from sliding oil prices, Malaysia is not one of those markets. In fact, the country and EWM have been rocked by plunging commodities prices.

“Then there is the country’s deteriorating terms of trade situation. In 2014 commodity exports accounted for 26% of exports and 18% of GDP. With palm oil, crude and refined products and natural gas, Malaysia’s key export commodities all heading lower, this is putting pressure on Malaysia’s fiscal situation,” according to the Global Investor.

Because Malaysia is the only net oil exporter among the ASEAN nations, the economy there is also being crimped by the stronger U.S. dollar. Earlier this year, Oxford Economics warned that Malaysia, Chile and Turkey were among the emerging markets most at risk of a stronger USD, reports Ansuya Harjani for CNBC.

Diminished capital flows due to currency risks could also weigh on the emerging markets. Since investors would pull out of foreign markets if the U.S. dollar strengthens, emerging market currencies would weaken and the local central banks could tighten rates or drain banking liquidity to help stem the flows.

“Although a weaker currency could help exports in theory, Malaysia has little room for credit expansion to spur domestic consumption and investment. According to the IMF Malaysia’s debt to GDP stands at 165% – one of the highest of all emerging market countries,” according to the Global Investor.

Malaysia’s ringgit is one of the worst-performing emerging currencies against the dollar this year, perhaps explaining why investors have yanked about $84 million from EWM.

Good job to the current administration as ringgit heading for four flat soon.

All the efforts seem like useless:

1. Subsidies rationalization
2. Implementation of GST
3. Dodging a credit rating downgrade

So, the question for now is what have we achieved for the the past 17 years while we have roughly 4.5 years to 2020?

https://m.youtube.com/watch?v=lPKtI90f_sE

Enjoy!

Xuzen

This post has been edited by xuzen: Aug 8 2015, 11:04 PM

thanks

how do you calculate expected return and variance?

Tomorrow bloody bath?

China July producer prices slump to near six-year low

BEIJING (Reuters) - Producer prices in China fell to a near six-year low in July while consumer inflation remained subdued, signaling the world's second-largest economy was still facing deflationary pressures and that Beijing has room to further support the sluggish economy.

The producer price index (PPI) fell 5.4 percent from a year earlier, the National Statistics Bureau said on Sunday, compared with an expected 5.0 percent decline. It was the worst reading since October 2009 and the 40th straight month of price falls.

URL: http://finance.yahoo.com/news/china-produc...-015101391.html