Long sold. Its my most profitable holding ever

Bro, you can try the free version at Morningstar Asia X Portfolio. Just register for free. You would be surprised by the X-Ray info that it can reveal about your portfolio.

Good luck!

sales charge of FSM is at 2% for initial investment?
how about subsequent investment?
lets say initially i invest 1k in ABC fund, the next month i top up 500. so will FSM charge me 2% on the 500 subsequent investment every month?

xuzen, thanks. So we should set a target of profit say 15% from a particular fund and then sell to rebalance out funds. Am I right?

If it is profitable, why sell?

This post has been edited by Ramjade: Oct 25 2015, 10:22 AM

I hope someone can caution you of this 15% ROI......
this % is BEST be included with a time frame.....
just an example...
15% in 5 yrs is not same as 15% in 2 years...when talking abt taking profits
also this asset class / fund may have just + 10% but the others of opposite asset classes/ funds may have -10%.....thus the variance is 20%.

why sell when it is profitable?
maybe b'cos...
Markets Are Getting Expensive?
https://secure.fundsupermart.com/main/resea...SJBlog_20150402

This post has been edited by yklooi: Oct 25 2015, 11:00 AM

My mistake. 15% per year. Is that doable for a UT?

if new a/c opening will get extra reduced SC for 30 days.
normal purchases is normally max at 2% for non FI funds
Normal, Silver, Gold or Platinum Status holder will get different rate.
http://www.fundsupermart.com.my/main/faq/1...-Programme-8873
at times there are reduction too.
you can check the Sales Charges in the FSM site.
click FUNDS INFO > Fund Sales Charges > Buy/Sell ....then select the fund you want

Alright, my investing strategy will be like this, investing 500 per month to a specific fund. So my concern is will they charge me 2% on every subsequent investment per month?

15% is doable...if
a) you believes that Past performance will repeat itself;
b) the fund that you hold are in this listed per attached;
c) your fund that you are holding are not in a high valuation region/sector/country
d) be careful of the variance (mentioned at above post)

btw, what is your "allowed" paper losses or real lost, % you allowed to have per year?

This post has been edited by yklooi: Oct 25 2015, 11:21 AM


Attached thumbnail(s)

yes + GST too and extra charges like the fund house will charge you for the management of the fund + charges by custodians will charge too...these charges will be charged regardless of the performance of the fund that you bought eventhough these extra charges are not seen as they are already incorporated in to the NAV.

some info from here....more on the web...
http://www.moneysense.gov.sg/Understanding...rusts.aspx#What are the fees and charges? What is the Total Expense Ratio (TER)?

Q: What kind of charges do I have to pay?

A: There are 2 types of charges. One is the sales charge and the other is the annual expense of the fund.
The normal sales charge for most equity funds are around 7%. However, at Fundsupermart, the advantage is that most equity funds are sold at around 2% sales charge. The sales charge is applied at purchase.

The annual expense of the fund is what is charged to the fund. This includes the fund manager's annual management fee, and other administrative fees that are incurred in the running of the fund. You do not really need to fork out additional money to pay for the annual management charge to the fund manager. They will actually deduct it from the Net Asset Value of the fund daily, and the published price will take into account of the pro-rated annual management charge.

http://www.fundsupermart.com.my/main/faq/0...tribution--1083

This post has been edited by yklooi: Oct 25 2015, 11:35 AM

I see. thanks for the explanation. if thats the case then every 500 will be charged 2%. but actually its the same coz if initial investment is 12k then sales charge would be 240. 1k investment every month then the total sales charge is 240 also. but given the 30 days no sc promotion, it will be better for a lump-sum investment.

In addition, u can ride the volatility of NAV during 12 mths period

IMHO don't set a target profit %.

Something may have a "fair" worth of $100.
But due to some circumstances, market priced it at $50.
U "think" that 20% gain is very good.
And u sold it off at $60.
But the "true" worth of it is $100.
And so u will miss out on the ride toward $100.

Frankly speaking, I think u have been asking too much for your own good.
You're almost like, asking men how to date women...
When all men are different, all women are different...
The more u ask, the more u get confused, the more u dunno

Just start doing it, learn as u go along, nothing will teach u as well as actual experiencing it.
u will learn to develop your own style...
u will learn how market conditions affect your portfolio...
u will learn how your buy/sell/hold decisions affect your returns...
and so on and on...

As for why I sold Ping Pong Biskut@Hup Seng shares...

Stocks =/= UTs

A stock is a share in a company
A UT fund is investing in a basket of different stocks, and that basket changes from time to time, it is dynamic

A stock can become overpriced
A UT cannot become overpriced by looking at its historical return

A $100 stock if it gives $10 dividend p.a., gives u 10% dividend yield
If that stock rose to $333 and the dividend remains the same, the dividend yield becomes 3%
And I've already made 200%+ gain on the stock value
I sold it off (i.e. cash out/take profit) to move my money to the next stock that can give me the next big profit

But a UT fund that is priced at $1.0000 one year ago
If it is priced at $2.0000 now, u CANNOT say that it is overpriced now
I won't repeat the explanation again, it's at Post #1

This post has been edited by Pink Spider: Oct 25 2015, 11:57 AM

Unker Looi too long-winded

As long as u haven't achieved Silver, Gold or Platinum status, what u see on the fund info page is the sales charge that u have to pay (excluding GST). So, it's 2% + 6% i.e. to invest net RM100, u gotta pay RM100 x (2% + 6%) = RM102.12. Full stop.

And yes there's discount for new accounts.

Different people, different strategies. I guess you must be confused now.

I tell you what; give yourself one year, try out Xuzen's strategy. See if it works for you.
If it doesn't, change to Pinky's strategy.

Thank you people.

I think i know what to do now. Just few more questions.
I am not working at the moment.
1) is the returns from fsm income taxable?
2) assuming (1) is yes, then will I need to declare in income tax or the returns will be auto tax (like dividends from shares)?
3) assuming (1) is yes, if I don't cash out, am I still taxable? (just holding and don't do anything)

No, no and no.

That's unfair! Why xuzen first and not Pinky first???

This post has been edited by Pink Spider: Oct 25 2015, 12:20 PM

Nice. Less headache. Free money. Was expecting yes.

Thank you pinky and others for your time.

This post has been edited by Ramjade: Oct 25 2015, 12:21 PM

Err...I meant u no need to declare anything. Taxes, if any, would be already deducted at source.

When KLSE stocks pay dividends to the Fund, the dividends is already tax-exempt i.e. already deducted tax at company level.

Deleted. Double posting

This post has been edited by Vanguard 2015: Oct 25 2015, 12:50 PM