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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.”

Yeehah. Fasten your seat belt. By the end of this month, with the triple "disaster" of IMDB, China and Grexit, it is quite likely that a lot of our portfolio will turn RED and the ROI will turn negative.

Everything from Ponzi 1, Ponzi 2,  China funds to TA European Equity Fund will fall. In summary, it is the end of the world aka Armageddon.

As investors, I assume we have 4 options:-

(1)  Sell off everything and swear off unit trust forever. See other forums where "investors" have ranted that unit trusts are useless and "cheating" money.

(2) Stay put. Hibernate in a cave somewhere and wait for the storm to pass. It may take a few months or a few years for your unit trusts to recover if you made a one lump sum investment buying at the peak of the market.

(3) For new potential investors in FSM, wait for the "perfect" moment to buy the unit trusts at the lowest price and sell at the "highest" price later (i.e. market timing). Good luck and let me know if you succeed in doing this. I wish to call you sifu.

(4) Practice DCA and VCA for the next months or few years until thing stabilise. Then take profit or do portfolio rebalancing depending on when the markets rebound.

Well, almost all European stock markets rallied yesterday in tandem with rises in America. Australian and NZ markets are showing a slight rise this morning. Question is, will we see another 'biggest single day hike' in China today like what happened yesterday? Surely looks like it. But then again its a Friday and stock markets don't usually do well on Fridays. So lets see. 

Keep it coming !

Yesterday's rise was good but not good enough to reclaim the cumulative one week's losses.

For those with some technical knowledge may it this steady your nerves. For those without, just read it with an open mind.

My China exposure has moved to -1.24 z score. This means that there will be more than 68% chance that it will bounce back to the mean.

What this means? Top up lar!

Xuzen

   
seems like you timed it perfectly....
sold most off just before the corrections and top up at just at the bottom...
 

if can convince oneself for long term...why do one sell it off just before the correction?

How much negative ROI have u guys experienced?

I experienced -25%

I guess during the sell offs we should do top ups of 10 % (1000-1000-1000-1000........) each day and enjoy the entire ride , and smile after everything is over

just switched abt my China funds to Bolehland.
RHB Em Opp fund and HSO

For the long run, I still believe that an asset allocation of 80/20 basis, i.e. 80% equity and 20% bond funds, is ideal for most investors. This is especially so when the markets are volatile.

The following funds seems to fit nicely into any portfolio of RM100K or less:-

(1) Kenanga Growth Fund or Eastspring Small Cap;
(2) CIMB Asia Pacific Dynamic;
(3) CIMB Global Titans;
(4) TA European Equity Fund; and
(5) Libra Asnita Bond Fund.

Note : I cannot comment much on the current US funds or the Asian small cap funds available in FSM which should also form part of the core portfolio.

For a portfolio of RM100K or more, I think investors should diversify some money into specialist funds as part of the supplementary portfolio. Some funds which comes to my mind are:-

(1) Affin Japan Growth Fund;
(2) CIMB China Fund;
(3) TA Global Technology Fund.

Note :  Unfortunately FSM do not appear to have any global REIT fund.

What say you?

Aladdin fund also hit new high @ 1.4187

May or May not happens in FSM MY this month...
if you want...check out FSM SG....
Celebrate SG50 – 0% Sales Charge On ALL Funds!
In the whole month of August, celebrate SG50 with us as you enjoy 0% sales charge on ALL funds!
https://secure.fundsupermart.com/main/artic...LL-Funds--10650

Unker Looi went through the initial phase of my UT investing journey during the past 2 years...the dunno-what-funds-to-choose phase, naturally he'd screw up

Give him some time

Guys, don't forget the forex factor...

Foreign markets may be down...

But Ringgit down EVEN WORSE...

Later if foreign markets recover, BUT Ringgit recover to what "those people" proclaim to be "fair value" of RM3.7X:USD1...your gains could be wiped out