I recalled earlier of the year or perhaps qtr4 of 2014, our KLCI PER hit 17.XX to almost 18.00 which is unprecedented. Our average 5 year PER is around 15.00.

Again, this is what regression to the mean means. What goes up will eventually regress to the mean and what went down will regress towards the mean. Sometimes, it may not be immediate and there is a lag time because KLCI operates in a semi-efficient market environment.

KLCI has made me to sit up and take notice of her again... if it continue to slide below the average PER, I will slowly nibble on KGF.

Xuzen

i don't. i am recalling from my memory from the past analyst reports i've read and CPD events I attended as part of my licensing requirement.

Xuzen

This post has been edited by xuzen: Aug 12 2015, 12:47 PM

AMprecious has a volatility factor of 33% ... very high risk wor!

good fund for speculating!

Xuzen

As of today, I did some housekeeping and my equity portion of my portfolio is as follow:

In total my portfolio total loss is 0.9%; the China portion loss the most at -4% but is helped by my US exposure and of course the appreciation of USD versus MYR!

The AWESOME POWAR of DIVERSIFICATION and Modern Portfolio Theory!

Xuzen

p/s on the local front... I started investing in UT since 2009 using my KWSP money first. I remember the Index was below 1000 pts. I did DCA all the way until even now. Imagine the growth of my KWSP-MIS-UT versus if I was leave it in KWSP. Recall that the KWSP dividend rate of 6% is a very recent thing... it was 4.XX% back then.





This post has been edited by xuzen: Aug 15 2015, 12:21 PM

I panicked during Qtr4Yr2014, "You'd recalled it was all sea of red as well like now" and move everything to CMF, therafter do DCA all over again....

I learned my lesson and hence this time, I did not panic and sell everything like I did previously.

For this round I am determine to persevere with DCA until I hit my desired Fixed Income Fund to Equity Fund ratio. Currently I am at 27% Equity Fund. I am targeting 40% Equity, and when I am comfortable with the risk, I will slowly move up my equity exposure.

Xuzen

This post has been edited by xuzen: Aug 15 2015, 08:37 PM

The Dragon forsake me; Uncle Sam saved me;
The Elephant is still in the jungle,
Will he charge and stampede forward?
That! One should consult Algozen™ next!

Xuzen

I only hold Small Cap in small percentage mainly as a diversifier. Call it the Genting effect! I sold my position in my beloved Lee Sook Yee fund since Qtr1Yr2015 and have not go back in until today.

Xuzen

Fresh data still not available yet.

My data is still based on 30/6/2015.

Xuzen

Volatility is a such a wanker,
But she is staying on like a pecker,
Wherever it is, you will experience panic,
Unless of course you bet on the titanic.

Money mkt is such a safe haven,
But it won't give you yield that's heaven,
So, get used to the rough ride,
Your arse will gonna get more slide.

The theme this time around is avoiding volatility:

Small cap, Titan, Tech Sector, Ponzi 2 and greater china
are all under the ball's radar. Of which, the balls prefers
Tech matched with Ponzi to get the best risk adjusted reward.

I'll put my money 50% Ponzi 2 (Asia Pac, low volatility vis-à-vis country specific exposure ) and 50% Global Tech (proxy for US exposure to ride on the USD momentum).

Xuzen

I am going back to the safer Ponzi 2.0, my misadventure into China specific fund for the past couple of months has been a disaster....

Current allocation is 50% Ponzi 2.0 and 50% TA Global Tech as a proxy for US exposure (also to piggyback on the strong USD movement)

Ponzi 2.0 being a multi-country fund is itself a good diversified fund. It's volatility is around 8.XX % which is low for a full fledge equity based fund.

I also checked and found that Ponzi 2.0 & TA Global Tech fund have low correlation, making them an ideal pairing.

Xuzen

Educate yourself and profit from it.

http://www.investopedia.com/terms/c/correl...coefficient.asp

Xuzen

p/s: Watch the embedded video, it explains it in the simplest manner.



This post has been edited by xuzen: Aug 28 2015, 04:12 PM

yar I concur... I also ol'skool, meaning I do an interbank giro then fax the print screen to the customer service.

I topping up on Ponzi 2.0, Titanic & Lee Sook Yee fund all RM1k each next week.

Xuzen

As of 1/9/2015 my portfolio is now -2.8% ROI. One month ago was -0.9% ROI.

With such turmoil, still can get low single digit loss due to the awesome powar of diversification and ringgit cost averaging.

Xuzen

Pls share the mechanism, thx!

Xuzen

My -2.9% portfolio loss is mainly due to my China exposure which on its own is a double digit loss, but is mitigated by my exposure in US mkt. I am also getting out of China and going into a broad based multi-country diversified fund. The volatility of a single country fund is not my cup of tea.

Xuzen

In one week, my port swing from -3% to -0.7%.

Nowadays all asset classes are sooooooooo positively correlated. It is so darn difficult to find a negatively correlated asset class.

The world is just too connected. Sigh!

Xuzen

My CIO lar... asyik cakap pasal itu Chinadoll aje... say, very cheap now, PER is low, cheap to buy, bargain lar!

But I have been reducing my exposure to single country fund (China specific) and moving to a broader Asia-Pac x-JP fund (Ponzi 2.0) now. Less volatile!

Xuzen

Go to FSM website, click on fund selector, choose fixed income, click on "FSM recommended fund only option"...

You will get all the bond fund that FSM recommends. I think that list is good enough as the FSM team has already done the due diligence.

Personally I am holding Libra Asnita & Eastspring Bond fund (both under the FSM recommended list).

I am not holding RHB Asian nor RHB EM bond fund as my purpose of holding bond fund is to reduce portfolio volatility; hence I prefer those that are more stable i.e., have a lower risk rating.

Xuzen

This post has been edited by xuzen: Sep 11 2015, 08:46 PM

Current climate: Those bond fund that holds MGS aka Govt bond = caution, stay far far far away, very susceptible to redemption by those sei gwailos.

Those bond fund that holds Malaysian corporate bond e.g., Libra Asnita & Eastspring bond funds should be OK since Malaysian bond fund are mainly held by local institutional investor who unlike those gwailos, will not redeem without mercy.

Xuzen