QUOTE(Ramjade @ Oct 25 2015, 10:18 AM)
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?
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.
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Case in point: I will "fire" my TA Global Tech Fund Manager on Monday and move my money to the fund manager of CIMB Global Titan fund.
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