Good work

Just beware that ponzi 2's exceptional results is partly due to MYR depreciation. So if you factor that in it's probably just similar or worse off than the first state funds. FS Div Adv has not done well since I bought into it. It's the most popular fund on FSM SG. Not familiar with FS Asia opp

Actually if you look at 1 year result from Ponzi 2 - SG, it beats them. But 1 year too short.

I am spoilt for choice to choose between the 3 funds or just go for United Asian HY Dist Bond Fund.

This post has been edited by Ramjade: Jan 18 2017, 02:12 PM

Asia HY bond fund is a totally different animal wor. Anyway, FSM's view is fairly negative on asian high yield due to expectation on fed rate increase. At least have 1 EQ and 1 FI to balance it a bit la

But I won't try to be hero when it comes to FSM SG. My IRR to-date is <3%, but 2 funds pending distribution la. In anycase IRR won't be >5%. So I'm not the right person to advise what to buy

I know different animal. I am looking for a Asia Pacific portfolio. Can be equities, can be HY bond. Doesn't matter to me. REITS different part. I am looking for at least 9-10% pa returns or higher

Something for you to think about

If you plan to go for SG REITs, then it makes more sense to combine it with EQ funds instead of FI funds. Why? REITs and FI are both negatively affected by increasing interest rate

Let me know when and how you achieve 9-10% pa returns; I want to follow suit
If you take into consideration SGD strengthening against MYR I think easy la; but excluding that I really want to learn. SG is a low interest environment with stable currency. I didn't think the spectacular performance from SG REITs would be repeated for longer term basis. The only fund with close to 10% IRR that I have is Fidelity American due to S&P 500 good performance

Ya both move with interest. However it doesn't matter for me as long as it can achieve my goals. If EQ can reach, then EQ is it. If HY bond can reach, so be it.

Will do. But how to let you know if one needs to hold min 3 years?

Correlation is the key word here

No need, after 1 year you report la what is the returns, then can roughly tell how easy/hard to reach your target of 8-10%

Bro,... buy the HY Bond Funds NOW ! Don't wait anymore,... as oil price recovers and edges up slowly,... the nav will go up ! Buy the SGD and the USD denominations.

Alright. Will do.

I haven't receive my Philips log in details yet. Also, I have limited cash in SGD (my mistake of bringing little as I thought can not open).

This post has been edited by Ramjade: Jan 19 2017, 12:24 PM

Both first state fund are priced in SGD or USD?

For ponzi 2, just plot it against MYRUSD 5 years graph

If the first states fund are priced in USD too, plot them against SGDUSD 5 years graph

Observe and you can compare which one is better

What am I looking for?
Ponzi 2

First State Dividend Advantage


Reply from Phillip
This post has been edited by Ramjade: Jan 25 2017, 03:45 PM

I don't know why would people still trade with FSM sg then. Absolutely blow the competition away.

Hope it does not blow itself away as well.

FSM are losing customers to both Phillip and DollarDex because of the platform fees. Had they not introduce platform fees, but lower their SC, they might retain some of their customer.

Why? Look at the interface/info from FSM compare to Phillip/Dollardex.

FSM thought the platform fees is their trump card because only they have a system sophisticated enough to handle platform fees. They did not expect people fight back by dropping pants. LOL

Btw, does POEMS sg accept Maybank iSaVvy account ? I found from the net that it's quite easy to open a Maybank sg iSavvy account. I could just go to a branch nearest to my office to open it.

From here you can observe that as MYR depreciate against USD, ponzi 2 rise.

So taking this into consideration, assumae you hold this fund for 5 years, what is the real gain? you take the (1+ponzi 2 performance) * (1-myrusd performance) to see the real performance in USD term

Do this similarly for frist state dividend.

For ponzi 2, your 5 year real gain in USD term is about 22.6%

For first state, your 5 year real gain in USD term is about 15.9%

Well according to their website, they do.
https://www.eunittrust.com.sg/Faq.aspx?Id=22&CategoryId=2

Keep in mind
You cannot open account online. If you apply from Malaysia, you will need commission of oath to verify all documents and then mail it down via traditional post. If you visit their branch, then no need all the hassle.

Platform fees is a very bad as it charge you regardless you make a purchase or not. So those holding and did not buy anything willed be charged annual platform fees.

I would have gladly choose FSM SG over Phillip had it not been for their platform fees. I don't believe in paying for something on a yearly basis if I never purchase anything.

Well FSM SG can keep their platform. I will keep my money.

This post has been edited by Ramjade: Jan 25 2017, 04:33 PM

Where does the 1 came from?
(1+ponzi 2 performance) * (1-myrusd performance)

Is like if interedt rate is 4% then your money will be 1+4%, which is your money times 1.04

And sorry for the typo, is 1+forex performance, which in this case, is negative, reducing your return

Can give me a clearer example? I don't understand.

1 means 100%, that will include the principal.

This post has been edited by puchongite: Jan 25 2017, 04:54 PM