so what about those that wanted to time by waiting for the NAV to be lowered by a few % before buying?

Since the price NAV for some fund are delay, if oversea fund will delay 2 days , local will be delay 1 day.
I have some question on this

let say Fund A(Oversea fund) bought APPLE share

APPLE SHARE(98 USD - NAV for FUND A 1.00) - 19 October (US time zone -4 UTC)
APPLE SHARE(100 USD - NAV for FUND A 1.08) - 10 AM, 20 October(US time zone -4 UTC) (converted to our Malaysia time is around 10 PM, 20 October

So my question here,

If I place an order to buy the Fund A at 4PM,20 October in Malaysia time, what is the NAV I actually get?
Is 1.00 or 1.08? if 1.00 meaning is the yesterday price, and if 1.08 is the future price.


and If I place an order to buy the Fund A before 3PM,20 October , if it get the yesterday price(1.00), meaning that we actually more or less can predict the Fund A price based on the US market respond yesterday, Am I right?

This post has been edited by yeah016: Oct 21 2015, 10:45 AM

Hi YK Looi,

Based on my personal experience, Point No. 1 is possible, i.e. earning the 1st million by the age of 37. I am only using standard 6 maths. Assuming that a person starts working at the age of 23, his salary, increments, bonuses, EPF, may add up to RM1 million by the time he is 37 (excluding expenses).

But if the article is referring to accumulating a net amount of RM1 million at the age of 37 (after deducting expenses), this is not easy unless one is self employed or a savvy investor.

For Point No. 2, earning the first RM1 million through unit trusts investment by the age of 37, I think this is highly unlikely. Assuming that a person start investing at the age of 23 until the age of 37 (i.e. an investment period of 14 years), I calculated that roughly he will need an initial capital layout of RM200K and a monthly investment of RM1000K and a return of 10% per annum to get RM1 million in 14 years. My calculation EXCLUDES the sales fees and the annual management expenses.

Thus far I have not met a person who invested RM200K in unit trusts at the age of 23. Of course he could have invested RM20K at the age of 23 and then increase his monthly investment to RM3000K but again, this is unlikely.

Therefore IMHO, although the article maybe well intentioned, it is not entirely correct.

P/S: I am just wondering what is the source of the article.

the source....

Eastspring Investments Berhad releases Unit Trust Investor Behaviour Study

Kuala Lumpur (2 October 2015) – Eastspring Investments Berhad, the Asia asset management arm of UK-based Prudential plc, today released Unit Trust Investor Behaviour Study.
http://www.eastspringinvestments.com.my/do...roved_Final.pdf

is the holding of the funds are ALL index linked stocks?
did all the stock prices in the holdings fall at the same rate?
is there any currencies exchange variances?
is all the holdings in the funds the same..(did the FM buy or sell anything in that day)?
are some of the considerations too...

Ahh....that explains a lot. Ok thanks.

like Flower sellers always say "Say it with a flower / bouquet"?
& Jewelry sellers always say "Diamonds are forever"?

i've serious doubt on that "report" too.
i'm waaaay above 37 and i'm not even in the "million dollar roundtable" yet in my unit trusts.
i think it's the statistics being reportedly skewed by the English used.

breakdown:
a. 16% of surveyed respondents have earned their first 1 million at an average age of 37.
b. More than two-thirds of Malaysian millionaires surveyed have earned their first RM1 million by investing in unit trusts.
c. At the same time, it is the most popular investment tool chosen for those who are still on their way to their first RM1 million.

Thus, (a.) statistically may be correct - 16% hit their first 1 million at average age of 37.
Statistics - average is severely affected by tail-ends' highs/lows. Median would be more accurate

For item (b.), it may not be an extension of (a.) - readers may assume it is and/or "purposely" put such way
ie Yes, > 2/3 of millionaires surveyed earned first RM1 million by investing in Unit trust
BUT... U sure those 2/3 hit millionaire status by average age of 37?
hell - it may be 50-60

For item (c.) - duh, everyone and their dog can be on their way to their first RM1 million
AND the most basic vehicles are FD and unit trust

Just thinkin' - statistics are correct, just the presentation/intepretation & usage may not be too correct

hello frens, see got quite some profit in my FSm, wanna take profit, sell east spring small cap, KGF, Hwang Select asia Jap opportunity, switch to CMF. Any comments appreciated before 3pm. next month market drop can buy back

Assume that the fund fully bought in the US share market only. I know this these are all the factor might affect the NAV price but what my question is not regarding to this...

Just hold it and do nothing...

Why not just intra switch the excess profit and keep the principal sum invested in EISC, KGF and Hwang Select Asia Jap?

You have no plans to stay invested over the next 5 years?

ok

intra switch to CMF yes. Stay invested for 5 years, can.
just hand itchy . from previous swings, from 20k profit it can go down to almost none if mart were to crash again.

I agree. BTW, I am also over 37 years old. Therefore (cough, cough) I can speak with some experience about what is realistic and what is not.

For forumers here, I don't mean to pour cold water over unit trust investments including FSM. I am also invested in it. But due to the high costs of unit trust investment in Malaysia including the killer annual management fees, trustee fees, etc, IMHO, it should only form one basket of our investment.

We need to move beyond unit trusts to accumulate wealth.

This post has been edited by Vanguard 2015: Oct 21 2015, 02:52 PM

Bro, selling it into CMF is NOT intra switch. It is considered as selling the funds.

Intra switch means:-

(1) Switching the profits from EISC into Eastspring Bond; and
(2) Switching the profits from KGF into Kenanga Bond.

In this way, you can accumulate credit points. Later you can intra switch back from the bond funds above into the equivalent equity funds within the same fund houses for FREE with zero sales fee.

If you wish, you can also switch later from Eastspring Bond or Kenanga Bond into CMF after getting the credit points.

finally swicth half EISC, KGF , HASOpp to CMF. thansk anyway

Better to look at the markets and the relevant indices... a) income distributions distorted the NAV b) forward pricing, by the time you realized there is a sharp drop after the NAV price is released, market could have rebounded and the dip is over.

Unless of course the fund closely mirrors the market index, but we are not talking of index-linked funds but 'actively managed' UTs.

If we set the entry to August level or some lower level... the index could maybe dip and even go below the marked entry level, but the fund could stay flat or dip slightly. Just looking at the NAV price will cause you to miss the dip; and more importantly, miss the rebound and short term gains.

Some see the facts as disjointed, others make their own connections btw them.

I take FD and UT as part and parcel of savings and money management. The wealth is from my earnings and savings. (Hence, I don't mind the entry costs, as long as the returns are good...)

Some take UTs as skim cepat kaya... then they better learned quickly about UT inside and out to get the extra edge to create the wealth.

Skim cepat kaya?
like some fellows trading UTs or aiming to game the NAV by looking back (US market GMT slower than us ma) into time?

Must be moving ton$ of $, else may not be worthwhile VS the costs & work

This post has been edited by wongmunkeong: Oct 21 2015, 03:27 PM

Your question in post # 423 "if it get the yesterday price(1.00), meaning that we actually more or less can predict the Fund A price based on the US market respond yesterday, Am I right?"

posting in # 426 are some factors that makes "we actually more or less can predict the Fund A price based on the US market respond yesterday" not possible.....but YES...if by a BIG margins is allowed. on top of some of those factors....try this for NAV pricing of funds invested in Foreign markets by local FH.
page# 279....
http://www.fundsupermart.com.my/main/admin...usMYRHBUSEF.pdf

This post has been edited by yklooi: Oct 21 2015, 05:01 PM


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LOL. There must be some loopholes or some hidden methods that some people got very rich and make their first million from investing in UT.

Don't give up... when the hidden method is discovered, unforeseen riches await!

====================

"16% of surveyed respondents have earned their first 1 million at an average age of 37".

Most likely 100% wiill earned their first million by age 45.

The guesstimate without money spend on expensive surveys:
3k per month + bonus + other income = 40k per year.
1,000k divided by 40k = 25 years
Start work at age 20. By age 45, earned 1 million.

Conclusion: In another 8 years, the other 84% will reach their first 1 million. By investing in UT, the 16% gets ahead of others by 8 years.

Grand conclusion: Actually there is no need to invest into any UT, as all will be very wealthy and rich and had earned millions by age 55.