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 Fundsupermart.com v11, Grexit or not, Europe will sail on...

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yck1987
post Jul 8 2015, 07:51 PM

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QUOTE(Vanguard 2015 @ Jul 8 2015, 06:34 PM)
My Manulife China is now down -10.41%. My other China linked funds are down an average -7.77% to -3.5%.

It is not inconceivable that my funds could go down to -20% or more. I am planning to buy more during this market correction. Mega sales have started.

As Peter Lynch said,

“Now no one seems to know when they are gonna happen. At least if they know about ‘em, they’re not telling anybody about ‘em. I don’t remember anybody predicting the market right more than once, and they predict a lot. So they’re gonna happen. If you’re in the market, you have to know there’s going to be declines. And they’re going to happen every couple of years you’re going to get a 10 percent correction. That’s a euphemism for losing a lot of money rapidly. That’s what a “correction” is called. And a bear market is 20-25-30 percent decline.

They’re gonna happen. When they’re gonna start, no one knows. If you’re not ready for that, you shouldn’t be in the stock market. I mean the stomach is the key organ here. It’s not the brain. Do you have the stomach for these kinds of declines? And what’s your timing like? Is your horizon one year? Is your horizon ten years or 20 years?

What the market’s going to do in one or two years, you don’t know. Time is on your side in the stock market.”


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Look like I sold most of my China fund units on the right timing last week , IRR still at 25-27% . Today add back some by doing intra swift.
SUSyklooi
post Jul 8 2015, 07:51 PM

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QUOTE(eleven dragon @ Jul 8 2015, 07:49 PM)
Same as yours, my CIMB-Principal Greater China down to -9.2%..

I guess it is time to top up slowly over next few days...need to aim accurately to probably double the stock of this fund in my portfolio.. hmm.gif
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hmm.gif may end up having too heavy % of allocation in your portfolio?
eleven dragon
post Jul 8 2015, 07:52 PM

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QUOTE(yklooi @ Jul 8 2015, 07:44 PM)
some interesting figures.....depending on what you bought just before the China Sell off starts....
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Bro, what website/app is that?

I want to use it for calculation too, thanks thumbup.gif
SUSyklooi
post Jul 8 2015, 07:53 PM

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QUOTE(eleven dragon @ Jul 8 2015, 07:52 PM)
Bro, what website/app is that?

I want to use it for calculation too, thanks  thumbup.gif
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FSM site...under Funds Info/Fund Returns.....
river.sand
post Jul 8 2015, 07:57 PM

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China's stock market - 1301 companies halted trading. That's more than 40% of the market...
http://www.bbc.com/news/business-33438416

Like that investors will be even less confident shakehead.gif
Imagine if you can buy, but you may not be able to sell... Do you still want to invest?
T231H
post Jul 8 2015, 08:02 PM

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QUOTE(river.sand @ Jul 8 2015, 07:57 PM)
China's stock market - 1301 companies halted trading. That's more than 40% of the market...
http://www.bbc.com/news/business-33438416

Like that investors will be even less confident  shakehead.gif
Imagine if you can buy, but you may not be able to sell... Do you still want to invest?
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hmm.gif but some may just be greatful that they did not have to see their holdings continued to drop.....
eleven dragon
post Jul 8 2015, 08:09 PM

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QUOTE(yklooi @ Jul 8 2015, 07:51 PM)
hmm.gif may end up having too heavy % of allocation in your portfolio?
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hmm...it is now 7.1% only in weight of my portfolio, im thinking of double up in order to reduce percentage loss of this fund, as well as potential higher return should this falling drama stops and rebounds..
SUSyklooi
post Jul 8 2015, 08:25 PM

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some noises in figures?
RETAIL INVESTORS

Unlike other major stock markets, which are dominated by professional money managers, retail investors account for around 85 percent of China trade, which exacerbates volatility.

"It's uncommon to see so many shares posting consecutive daily limit falls, and the index futures swinging so wildly," said Wang Feng, CEO and founder of hedge fund firm Alpha Squared Capital Co and a former Wall Street trader.

"It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."
http://www.reuters.com/article/2015/07/08/...N0PI04Q20150708

While Chinese investors are “relatively optimistic” about the future, they still want to reduce stakes, according to a poll by the Survey and Research Center for China Household Finance at Southwestern University of Finance and Economics. Only 40.5 percent of households still had gains in their stock accounts in the week starting June 27, down from 73.8 percent in the period June 15 to June 18.
http://www.bloomberg.com/news/articles/201...argin-debt-drop

hmm.gif
retail investors account for around 85 percent of China trade
Only 40.5 percent of households still had gains in their stock accounts in the week starting June 27
Bigger sell off in July 6~8....that means this 40.5% will be reduced again.....
Thus many many had their fingers burnt......the rebound may not be so soon? doh.gif
T231H
post Jul 8 2015, 08:29 PM

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want some good news????
as of now most European mkts are GREEN, GREEN....
SUSPink Spider
post Jul 8 2015, 09:07 PM

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IRR: 6.3%
12-months return: 8.7%

What downturn? yawn.gif

Btw, BNM system down? Or too busy wiping Jibby's dirty ass?

First time ever my CMF2 withdrawal not received by afternoon of T+2.
Or is my account one of the six freezed? shocking.gif

This post has been edited by Pink Spider: Jul 8 2015, 09:09 PM
adamdacutie
post Jul 8 2015, 09:14 PM

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QUOTE(Pink Spider @ Jul 8 2015, 07:37 PM)
IRR: 6.3%
12-months return: 8.7%

What downturn? yawn.gif

Btw, BNM system down? Or too busy wiping Jibby's dirty ass?

First time ever my CMF2 withdrawal not received by afternoon of T+2.
Or is my account one of the six freezed? shocking.gif
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Everyone is busy ...
SUSDavid83
post Jul 8 2015, 09:15 PM

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China Bans Stock Sales by Major Shareholders for Six Month

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, the latest effort to stop a $3.5 trillion rout in the nation’s equity market.

Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard capital-market stability amid an “unreasonable plunge” in share prices, the CSRC said.

URL: http://finance.yahoo.com/news/china-bans-s...-123555540.html

SUSPink Spider
post Jul 8 2015, 09:19 PM

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Now the "controls" are starting to get ridiculous doh.gif
adamdacutie
post Jul 8 2015, 09:19 PM

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QUOTE(T231H @ Jul 8 2015, 06:59 PM)
want some good news????
as of now most European mkts are GREEN, GREEN....
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After this grexit shit we shall see greener pastures ... China pulak if u have balls now ... U shll be rewarded ...
SUSDavid83
post Jul 8 2015, 09:21 PM

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QUOTE(adamdacutie @ Jul 8 2015, 09:19 PM)
After this grexit shit we shall see greener pastures ... China pulak if u have balls now ... U shll be rewarded ...
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This could be a good news from Greece:

Greece seeks three-year loan, pledges to enact reforms next week

ATHENS (Reuters) - Greece promised to implement pension and tax reforms as early as next week as the first step to securing a three-year rescue loan to cover debt obligations, according to a letter requesting the funding from European partners on Wednesday.

URL: http://finance.yahoo.com/news/greece-seeks...-120222523.html
adamdacutie
post Jul 8 2015, 09:23 PM

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QUOTE(David83 @ Jul 8 2015, 07:45 PM)
China Bans Stock Sales by Major Shareholders for Six Month

China’s securities regulator banned major shareholders, corporate executives and directors from selling stakes in listed companies for six months, the latest effort to stop a $3.5 trillion rout in the nation’s equity market.

Investors with stakes exceeding 5 percent must maintain their positions, the China Securities Regulatory Commission said in a statement. The rule is intended to guard capital-market stability amid an “unreasonable plunge” in share prices, the CSRC said.

URL: http://finance.yahoo.com/news/china-bans-s...-123555540.html
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Thgs get complicated when u hv millions of housewives n uncles dumping savings into stock market ... Speculating high short term return n panic during the selloff ...
SUSDavid83
post Jul 8 2015, 09:23 PM

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QUOTE(Pink Spider @ Jul 8 2015, 09:19 PM)
Now the "controls" are starting to get ridiculous doh.gif
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You could be right:

China’s Market Rescue Makes Matters Worse

Between unprecedented government intervention to prop up the $6.5 trillion equity market and trading suspensions in more than 1,300 companies, analysts can no longer rely on share prices as an indicator of corporate value in the world’s second-largest economy.

The remarkable turn of events comes less than two years after China’s ruling Communist Party vowed to give market forces a bigger role in the economy, part of its largest reform drive since the 1990s. While the stock-market rescue mission is designed to stem a rout that erased $3.2 trillion in three weeks, it may end up making matters worse. Traders rushed to sell whatever the could on Wednesday and foreign investors extended a record three-day exodus as the Shanghai Composite Index sank 5.9 percent.

URL: http://www.bloomberg.com/news/articles/201...es-lose-meaning
SUSDavid83
post Jul 8 2015, 09:25 PM

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QUOTE(adamdacutie @ Jul 8 2015, 09:23 PM)
Thgs get complicated when u hv millions of housewives n uncles dumping savings into stock market ... Speculating high short term return n panic during the selloff ...
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Not just the retailers are using margin to buy stocks.

The corporate is using leverage too! Read the article. They're pledging their own company shares as collateral!
adamdacutie
post Jul 8 2015, 09:27 PM

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Interesting to see what the experts gonna say this Saturday ... Please share .. Whoever attending at wawasan open u ... Kamsiah !!
SUSDavid83
post Jul 8 2015, 09:29 PM

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Externally, we have Greece (Grexit) and China.

Internally, we have 1MDB and plunging MYR!

2015 is roller coaster ride year!

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