Am doing the same now.... LOL.. fingers crossed.

Welcome to Holland

LOL



what's that suppose to mean
@@

FM of Titan & Ponzi 2.0, "Da'fuk! WTF suddenly so much cash coming into my fund! Mommy! What am I gonna do now?"

MYR depreciated slightly today so topped up ponzi 2.0 and Titanic too

Guy3288, I am quoting from FSM's reply below to my e-mail. I hope this helps.

This means that if you invest RM100k, the sales fees is RM2000K. You have to calculate the opportunity costs of not investing the RM2000k for the next 5 years. Your actual investment is only RM98K.

The fund is currently about 50% subscribed. Therefore they may close it before the expiry date of the IPO on 18th November 2015.

Let's look at the track record of RHB's previous IPO fund. I am quoting from FSM's reply below.

aiyai yai yai.....

So is the RHB PRE-IPO & SPECIAL SITUATION FUND 3 worth buying?

Strictly speaking, it is a private equity fund and NOT a unit trust. It is more like Warren Buffet's style of investing.

IMHO, it is suitable for "qualified investors" who are prepared to risk it all, i.e. suffer a 100% loss of capital. Therefore this means that it should only form 5% to 10% of our total portfolio.

A risk rating of 10 is not sufficient.

Thanks, i also enquired about that 2% fee, got same reply as you, abit disappointed.


Looks like you are considering it also. let me know if you decide to buy.
Suffer 100% loss i think is very very unlikely.
If after 5 years no profit already jialat liao.. We are buying on FSM's reputation.
If FSM bring us to holland, next time no business lo.
But previous series showed very good result, same management right?

Pinky no top up?

Not yet

Yes, previous RHB fund series obtained good results. Some brief insights:-

Pros

1. We cannot redeem within 5 years. Therefore no such thing as panic selling or making emotional decision. We cannot even check the NAV price every day if I am not mistaken.

2. Superior return and less volatile as compared to stocks and hedge funds?

Cons / Risks

1. Generally all the risks are stated in the Product Highlight Sheet.
2. Cannot redeem within 5 years. Therefore we have to make sure that we have emergency fund for medical expenses, etc.
3. It is a closed ended fund and not a unit trust. Therefore there is no such thing as using DCA or Value Averaging to average down the costs of the NAV.
4. It is NOT capital guaranteed. The returns are also not guaranteed.
5. The fund is incorporated in the Cayman Islands. If things go south, I don't think even Securities Commission can help the investors.

Comparison with other products

1. EPF - Self contribution maximum up to RM60K per year. Minimum statutory annual dividend of 2.5% per annum. Capital guaranteed.

2. Insurance endowment policy. Minimum lock in period of 10 years? Interest rate and bonus of about 5% (my wild guess). Capital guaranteed.

3. Fixed deposit. Current return of about 4.05% for 12 months (Maybank). Minimum deposit RM30K. Capital guaranteed.


Conclusion

The RHB fund aims to double its investment in 5 years. This works out to a return of about 14.87 % per annum. Roughly you expect to see about RM14,870.00 return per year for a RM100k investment.

Yes, I believe it is the same management team as the previous RHB Fund. The fund managers are based in Singapore.

I agree that unlikely that it will suffer 100% loss. The only downside is the 5 years lock in period without any capital guaranteed. But this is how private equity funds work apparently.

So is the fund worth buying? I am not sure. See more info at
http://www.fundsupermart.com.my/main/resea...te-Equity--6375

LOL. I thought you said it's a good time to topup? Haha. Wait for further ringgit depreciation ah?

good info

No!

On the contrary...to top up when Ringgit APPRECIATES!

Buy when it is (relatively) cheap, remember?

Friday's appreciation not good enough ah? What's your TP?

i kinda agree... wait for ringgit to appreciate... and 2 days up... then today down again... meh... not good enough to top up

What if MYR depreciates further? The appreciation for those 2 days seem quite significant. What's your TP?

This post has been edited by ohcipala: Oct 12 2015, 10:56 PM

considering myr freefall from 3.6 to 4.4 and only back to about 4.15-ish region... i don't feel it's that significant...

no TP... gut feeling... this is not share market leh...

For the near term, I'd THINK that 3.8-3.9 is "fair" for the Ringgit

I'd make my first top up when Ringgit goes BELOW 4.1 against the Dollar

But then again, I'm no currency expert, just my gut feeling. Don't follow me to Holland

This post has been edited by Pink Spider: Oct 12 2015, 11:24 PM