target return 100% in five years = 14.4% p.a. annualised nia.

Even our humble Lee Sook Yee fund has been doing 16.7% p.a. consistently for the past ten years!

What is so great?

Xuzen

i wonder are we putting those UTC agenst out of biz ?

Xuzen

You use the term UT and Dividend in one single sentence.... Nanti Labah-Labah Merah Jambu will rage on you. Be very afraid!

You wanna know you write a letter to the Fund Manager and ask him/her lar....

I only know how to pick winners nia, I don't know how to train a winner.

Xuzen

Wah! So green so green... ong mali liao hoh sei !

Ramjade, wrt how to lock in money... I will post something for your benefit... after I am done counting money. Too busy counting money now Mua ha ha ha...

Xuzen

This post has been edited by xuzen: Oct 23 2015, 02:58 PM

I want to be a little playfully naughty today and say this:

In a month's time:

I) Ponzi 2.0 will go up by more than 2.0% but max will be +8%

II) RHB Global Fortune Fund will go down by at least 4%.

In one mths time, let's see whether my prediction come true or not. I randomly select two fund just for the fun of it.

Xuzen

Single country fund is scary... lu ada bola besi ke tak?

Xuzen

P/s I was stupidly gung-ho in Qtr3 and went in 80% China specific fund.... I lost money there But now recovered liao (took me 2 mths to recover) Cut loss and move on to other W1NN4R!

Now I jadi budak baik-baik... choose safe and warm fuddly-cuddly type of fund. No more sexy type of fund for me liao, heart not steady enough.

This post has been edited by xuzen: Oct 24 2015, 03:16 PM

Ramjade,

This is how I determine my ingress & egress position:

Lets take RM 10,000.00. You initially put 5k into KGF and RM 5k into Asnita Bond. This means it is a 50:50 position.

One year later KGF go up to 5,500 and Asnita is RM 5,050.00, total = 10,550.00

You sell KGF and buy Asnita to make it 50:50 again, meaning make it to KGF = RM 5,275 and Asnita = RM 5,275.00

No matter what, you will sell and buy to make the ratio same.

This is how I determine my egress & ingress position.

Xuzen

Answer to:

Q1: F3CK dividend. I don't give a F3ck abt it!

Q2: Who cares? As long as increase who give a f3ck?

Q3: Hold. You sell when you need to use the money to purchase something.

Q4: Red or green, you rebalance to make it the same percentage holding.

Xuzen

What is UT? It is basically a collective investment scheme. The Fund Manager pool all the unit holder's money and buy into assets. Let's take CIMB Global Titan Fund for example, the fund manager use the money to buy Apple stock in NYSE. Apple stock declare dividend and pay to the fund's bank account. The fund appreciate in value because its bank account increase in money, hence you see the rise in NAV ( for lay person just call it fund price).

Let's say the price of Apple stock also increase due to stock rally in NYSE, the fund price also rise because the underlying asset ( i.e., Apple stock) has appreciated in value.

This is how the fund gain profit. Hence whether it is dividend or gain in underlying asset price, it does not matter, the price of the fund also increase. We let the fund manager worry about the dividend and what's not. The unit holders just see whether the price goes up or down.

Xuzen

For the benefit of blur blur Ramjade and other similar noobs:

To me selling means cashing out of the fund and the proceeds goes into your pocket (or bank account).

What I actually mean when I say rebalance is not selling; it is more properly termed switching. The money goes from one fund to another without getting into your pocket.

This is technically not selling, and you do not get whacked with another sales charge.

Understand now?

The money is still in the fund system and is still money make money. Or some would say, let's ride the profit.....

What selling means, you completely take the money out of the system to buy something and don't intend to invest that portion anymore.

Xuzen

Person A if capital is RM 1.5Milliom, in one mth fund price naik 1% only (very likely to happen) means profit RM 15k!

Person B if capital is RM 15,000, fund naik even 50% in one mth (very unlikely to happen) still less than person A.

That is why the rich can continue to be rich easily.... it is mathematical logic!

Xuzen

Ramjade is a FD/ASX kaki.... patutler so kiasi wan.

Luckily here got milk nannies to hold your hand softly and slowly sayang-sayang you all the way until you graduate!

Xuzen

p/s ASX / FD

This post has been edited by xuzen: Oct 24 2015, 10:26 PM

Topping Ponzi 2.0 & Titanic on Monday.

BTW, My China fiasco (loss) has been reversed by TA Global Tech Fund. She gained 12.XX% in one quarter!

Xuzen

This post has been edited by xuzen: Oct 24 2015, 10:42 PM

Yours are Asian High Yield (read: Junk bond funds)....sure lar!

Xuzen

How to pin post ar?

Xuzen

On a serious note, I did consider junk high yield Asian bond fund as part of my portfolio.... but crystal ball Algozen™ rejected it. It was too positvely correlated with Asia-Pac ex-Jp fund read: [Ponzi 2.0] and hence was dropped by Algozen™ in favour of equities due to better risk-adjusted return.

Xuzen

This post has been edited by xuzen: Oct 24 2015, 10:52 PM

I am OK with one or two funds. I seldom keep more than four at one time... two messy and FSM may have a lot of funds, but they are repetition of same. Not easy to find good funds with low correlation coefficient factor in the FSM universe.

Xuzen

This post has been edited by xuzen: Oct 24 2015, 10:57 PM

Just for Ramjade,

I entered TA Global Tech fund in Jul15 and as off yesterday, my YTD ROI is 12.XX%. I am taking profit by "selling" it to "buy" CIMB Titan on Monday. Like I say, the proper term is called switching.

So, yes.. UT investor take profit and move on. Why then you ask switch when it is profitable? Didn't I just mention ride with the profit?

Global Tech and Titan have very close correlation coefficient, in lay man term, their movement is very similar and as such, in a portfolio, they are interchangeable. But, Titan present a better risk-adjusted return compared to TA Tech fund so I jump ship and piggyback onto a new ride.

It's like both are taxi service going from KLIA to Sentral KL. TA Tech is Airport Limo and Titan is Uber. Titan is cheaper, more efficient and faster.... sure I will chose Titan lar!

Xuzen

p/s Do not confuse absolute ROI with risk-adjusted return for sometimes a better risk-adjusted return may give one a lower ROI. Risk-adjusted return take into account the risk when calculating. It is like we sacrifice a few lower % return in exchange for safety.




This post has been edited by xuzen: Oct 25 2015, 09:37 AM

The number known as correlation coefficient is a factor and is available to me and professional fund managers.

Lay person do not have access to this numbers but I have been in the inside and I know people who can "share" with me the numbers.

Xuzen

nope, I do not set a fixed profit. If the fund is doing well, I continue to employ that fund manager to manage my money and in the process pay him his salary in the form of 1.5% annual management fee. Should another fund of similar nature do better in accordance to the parameters I set... I will "fire" that existing fund manager and move to a new better one.



p/s I am using a wrap account, hence all my switching is at zero cost. The difference between a normal UT account and a wrap account is like wrap account is like Universal studio yearly pass, I pay more but I have unlimited entry per year. A normal account is like a single entry pass... each time you masuk you have to pay.

Xuzen