I am not sure bro. It should be for both.

Hahaha. Excellent idea bro. But I got a problem with Step 8. I still haven't located it yet. I would be dead in 35 years before reaping the benefits from the long term investment.

Sorry bro, my bad. I thought I was only supposed to use the multi quote function when I am replying to the forumers for the same subject. I will improve my computer skills in the future.

This post has been edited by Vanguard 2015: Jan 17 2016, 05:19 PM

I agree. I am also in the same boat. Result? Ponzi 1 koyak. Ponzi 2 koyaking.

Fuyoh, you sai lang Malaysian small cap funds. I thought I was an aggressive investor but you have earned my respect.

This post has been edited by Vanguard 2015: Jan 17 2016, 10:42 PM

So what is the solution?

I got some savings after working for 19 years. I guess I am older than most investors here. Well maybe not that old. Still got Mr Looi and KimYee. 

So equity funds, fixed income funds and commodity funds will also terbabas during different period of time. So what is the solution???

This post has been edited by Vanguard 2015: Jan 17 2016, 11:09 PM

Thanks bro. I will have a look.

Thanks bro. Looks like we are back to asset allocation and negative correlation between different asset class.


Ok what. You can fix an appointment with Mr. Looi at Menara PNB. Once you withdraw your money from ASM, etc. he can straightway open an ASM account and deposit his money equivalent to your withdrawal amount.

This post has been edited by Vanguard 2015: Jan 18 2016, 10:14 AM

I think there is one acid test for any fund managers giving talks or seminars at FSM or at any other functions. We should ask him/her,

"Excuse me Sir/Madam, you said Manulife India or Affin Japan Growth or CIMB Greater China or RHB Smart Treasure or [depending on which fund house he is from] will perform this year because the economy data shows bla, bla, bla.. May I know if you have invested in this fund yourself? If yes, how many percent of your savings did you invest in it?"

If the expert fund manager answers, "Err, actually I have not invested in this fund which I am promoting and in which I am the fund manager..."

THEN WE SHOULD RUN FOR THE HILLS.

This post has been edited by Vanguard 2015: Jan 18 2016, 10:24 AM

Aiseh, you potong stim.

Yah, yah, your questions sound better and more specific.

But being typical polite Malaysian society, we will not ask this type of questions to the fund managers.

For eg. we will rave and rant in this forum about our paper loss from investing in FSM. But how many of us have actually gone to the FSM office to bang table to show our anger?

This post has been edited by Vanguard 2015: Jan 18 2016, 10:36 AM

I fully support Kaka23.

We arrive with nothing and we depart with nothing as well. Why get unduly stressed over the temporary rise and fall of our FSM unit trusts investments?

There are more important intangible things in life which money cannot buy. Things like our health and our loved ones...

Yeah, yeah, forumers in their 20's and 30's here will go "Pfft....Vanguard is so corny and has finally lost his marbles reading too many investment books".

I don't blame you. I was young once. I was healthy, full of energy, confident and I thought I could conquer the world. One day you will reach middle age like me. Then you will understand what I am talking about.

Back to investment talk.

My current ROI is hovering at around +2.05%. My saviour funds as usual are EISC, KGF and Asian Total Return Fund. The other funds still in green are CIMB Global Titan at +1.67% and TA European Equity Fund at +5.85%.

The rest of my funds are all in the red, ranging from -1.86% to -7.89%.

By 1st April 2016, there will either be a huge buy signal for me using VA or a sell signal for me (if I am making any gain). I am going to trim down my equity exposures by selling some equity funds even if they turn green.

Note : This is the time when forumers from other thread will tell us.. "See, we told you so". You should have invested in FD or ASM. Your return now is lower than us. We get higher return with minimum or no risk".

This post has been edited by Vanguard 2015: Jan 19 2016, 03:26 PM

My 2 cents view. Obviously in bad times like this FSM need to drum up business. Even the fund managers need fresh money from investors to buy more shares selling at attractive price now.

If the funds are fully invested now with minimum cash holding or if the investors are redeeming their money, then jialat. What can the fund managers do? Hold and hope that the storm will past?

Aiseh, so my understanding of how FSM works is not correct-lah. I thought they are a profit orientated company. So this means that FSM is only a charitable organisation....takde profit sharing with the fund houses?

This post has been edited by Vanguard 2015: Jan 19 2016, 04:51 PM

I thought Kaka is a girl???

Story time again....adopted from an investment book.

Once upon a time, a man decides to buy a house. He planned to stay there for 10 years before selling it. Every day, the man will check the property price in his neighbourhood by reading the newspaper. He will become anxious when he sees the price fluctuates. House A in his neighbourhood is selling at a lower price than his current purchase price but House B is selling at a higher price.

Therefore every day the man will be pacing up and down his lawn. He could not sleep well at night because the price of his property is not "stable".

Now substitute the word "house" with "unit trust".

This post has been edited by Vanguard 2015: Jan 20 2016, 03:16 PM

Looks like I need to improve on my story telling skills.

The moral of the story is if we are investing for the mid to long term, the daily fluctuation in the unit fund prices does not matter. We should not get unduly worried. We can either sell our unit trusts to the sleeping point or consider other less "stressful" investment.

An opportunity to buy which only comes once in every 8 to 10 years is coming....

You can either ride out the storm or sell everything and retreat into a cave.

I am saving my bullets for 1st April 2016 for my main account. In the meantime, it is RSP as usual for my secondary accounts.

Oh yes. I think it is not unusual in the US for funds to go kaput and refund the balance invested money to the investors.

In FSM as well, we can see that a number of funds have stopped accepting new investors. See for e.g. a number of funds under RHB and recently one under Eastspring.

Why do you ask this question? Worried ah?

This post has been edited by Vanguard 2015: Jan 21 2016, 01:48 PM