Ah, now I understand. I switched out after 30 days and I have existing credit points.

To add my 2 cents worth....I opened an FSM account for my wife sometime in January 2015. But I only started investing her money in it from August 2015 onwards.

It is a super duper conservative account. This is because if it lose money, I will either be sleeping on the living room couch or eating mee maggi for the next 6 months (no more home cooked food).

But in any case her FSM account will never lose money because it is capital guaranteed.....by the Bank of Vanguard. In other words, she take the profits and I absorb any losses.

To summarise, the monies to be transferred out from my wife's FSM account can only go to a bank account in her name. But for new money pumped into the FSM account for investing purpose, you can use the monies from your own bank account via the FPX system to pay. It does not have to be money transferred from a bank account belonging to the FSM account holder.

This post has been edited by Vanguard 2015: Oct 28 2015, 02:50 PM

Maybank is one of them. We can create eFD and uplift eFD online via Maybank 2u.

This post has been edited by Vanguard 2015: Oct 28 2015, 04:48 PM

Buang sajalah. I threw Aberdeen away a long time ago. Recently I bought Eastspring Global Leaders. It is performing quite well.

Wong Sifu is right. DVA should be done at the most quarterly. In a prolonged bear market, you will run out of ammo very fast if you top up every month. For eg a situation where the funds turn red and maintain a loss of 10% for months.

Mr. Looi, I wish you have spoken to me first. I can't wait to switch out from my Affin Japan Growth Fund. Looking at my portfolio, from a gain of about 4.25%, it fell to -8.85% and now hovering at -3.51%.

This fund is very volatile even with Value Averaging in place.

I intra switched out from Affin Japan Growth Fund today. Put 1/2 in Affin REIT and 1/2 in Affin Bond Fund.

For the past few months, I have periodically taken out money from FSM to deposit back into my bank account. I think Pink Spider and some of the other professional fund managers are right. We need to hold more cash to take advantage of the market volatility. There is no need to be 100% invested at all times.

Looks like my plan to enter KLCI in December has to be put on hold. Contrary to my prediction, the local market has not crashed or corrected sufficiently to make it attractive to enter.

Anyone interested in Red Sena's IPO in December 2015? You may win big or you may lose big as well.

Good luck bro. May the odds be ever in your favour!

I only have a dormant KenTrade account. Sometimes I read the reviews and do a bit of my own analysis....it is quite tempting. Some of the recommended stocks:-

Cocoaland Holdings, Berjaya Auto, Malayan Banking Bhd, Berjaya Sports Toto, YTL Power, Carlsberg, etc..

The feeling of getting REAL dividends from shares instead of the unit trusts DISTRIBUTION (left hand give to the right hand = same).

Haiz, wrong forum.

Not my research though. The list was recommended by Kenanga.

Welcome to FSM.

Diversify. Divide your funds. Use DCA for 12 months if you are investing RM10K or more. Perhaps you can consider:-

1. 1 Global Equity Fund
2. 1 Asia Pacific Equity Fund (ex Japan)
3. 1 Malaysian Equity Fund
4. 1 Malaysian Bond Fund
5. 1 Asian Bond Fund

Forget about supplementary portfolio, i.e. investing in a single sector or single country fund for the time being. Except for Malaysia. We have to support our country a bit.

Put RM1K each in every of the above fund. But if you are printing money and are investing RM100K, then can put a bit more into each fund and DCA the rest for the next 12 months. You can also try Value Averaging if you have the time.

Note : Some sifus here would include an Emerging Markets Fund or BRIC but I find the FSM funds for these markets so, so only.

Decision...decision....where to start? Perhaps look at FSM's Recommended List of Funds as a starting guide?

Also read, read and read more on the topic of unit trusts. Good luck.

This post has been edited by Vanguard 2015: Nov 4 2015, 02:43 PM

Eh? No. No. DCA = Dollar Cost Average. Eg. if you have RM10K, you invest RM1K to open an equity fund. Then for the remaining 9 months, you deposit RM1k every month into the fund.

This post has been edited by Vanguard 2015: Nov 4 2015, 02:39 PM

I used to have the Eastspring Emerging Markets Fund. Pfft...didn't make a single cent.

Last 1-2 months, I bought Eastspring Global Fund. Huat ah. Making money now.

Conventional wisdom is that it is better to make one lump sum investment. There is more money working for you at the beginning. Sales fee should not be the sole deciding factor.

But now with the volatile markets and globalisation where everything seems to have a positive correlation, it doesn't seem to work so well with most investors.

Therefore IMHO better do DCA.

I consider it as part of an investor's gambling portfolio. I used to have AmPrecious Metals. Made more than RM1k within a short time. Lost a few hundred after that. Strictly for fun. Not for my long term investment.

If I wish to invest in gold, I would rather open a Maybank gold account. Why should I incur the sales fee, the annual management expenses and trustee fees with a gold equity fund when the Sharpe Ratio is NEGATIVE 0.84 and the annualised volatility is 30.83%?

Depends lor. If it is part of my gambling portfolio, then I would sell the entire fund after I make a profit. This usually applies for highly volatile funds like gold. This forms a very small part of the overall portfolio.

But for good funds meant for long term investment like Ponzi 2 and CIMB Global Titans, we buy and hold. When we made profit, we can either let it ride or switch out the excess profit quarterly as part of our portfolio re-balancing.

Unit trusts cannot be treated like shares when we buy and sell on a regular basis. The costs itself will kill us. But wait a minute. We have credit points for FSM where we can buy and sell for free. But still I think we shouldn't do it as part of our long term investment strategy.

Between (1) buying and selling the entire fund method on a regular basis and (2) buy and hold method with periodic rebalancing, No. 2 wins hand down.



This post has been edited by Vanguard 2015: Nov 4 2015, 03:36 PM

Correct, correct.

I think DCA is OK for the initial 12 months when an investor is starting small and is trying to build up his portfolio. But when there is a "healthy" amount in the equity funds ( this term is quite subjective), then it is time to think about portfolio re-balancing.

Of course, during that 12 months period, something could happen which may cause a particular equity fund to spike (Black Swan event?). For e.g. an equity fund may gain 10% after 4 months. In that case, why wait? If you were planning a 10% annual gain for the fund, then it is better to switch the 10% extra profit into a bond fund or into another new equity fund.

You are playing with house's money with the new equity fund or the new bond fund.

Ok I think I have done enough babbling for the day. Back to work. See you later.

This post has been edited by Vanguard 2015: Nov 4 2015, 04:16 PM

I stand guided by your view. I have done very limited research on gold investment.

My experience in gold investment is only limited to Maybank gold account and AmPrecious Metals

P/S: How do we know whether we are entering at or near bottom? By looking at the historical price?

This post has been edited by Vanguard 2015: Nov 4 2015, 04:58 PM

Service? What service bro? I never got any service from the Public Mutual agents.

I am just keeping the bare minimum in unit trusts to qualify for their insurance policy.