AFAIK, ASX also never mention that they will guarantee ur capital

just in case someone missed this..Portfolio suggested by "lukenn".
a locally back tested portfolio of 10.92% CAGR on last 10 yrs (2004~2014) at 50% FI : 50% EQ
page# 37, post# 723

lol someone actually noticed.

But to be fair, those were the funds that did quite well over the last 10 years. You may not have chosen them at that point in time...

(Reaching for my popcorn). Let the battle begin.

Yes. You're right. They never mentioned in b&w but you are buying and selling at RM1/unit. You tell me how is that not capital protected?

If is not why do you think the non-bumi quota is always sold out? If is not rm1/unit, you think got people want to put?

Anyway I feel ASX FP is a FD on steroid. One should have enough money in something safe FD/ASX/bond which can generate enough passive income for one's monthly expenses.

Started liao... too bad i have to leave soon.

Ponzi 2 up 0.2%
Titan up 0.9%

Yay

I hope this is the last time I address this remark, but I doubt it

The buying and selling at RM1/unit is to make people who are adverse of losing money to go into this eventhough it's a pure equity fund.
If any of this people bother to read the master prospectus
http://www.asnb.com.my/v3_/pdf/produk/mast..._prospectus.pdf

and the various fund factsheets
http://www.asnb.com.my/v3_/pdf/produk/ASB/...0331PHS-ASB.pdf

It is clearly stated that • ASB is a fixed price fund and it is not a capital guaranteed fund under the Guidelines

So please, do not ever equate ASX funds as capital guaranteed investments such as FDs anymore. It's not even guaranteed by the government of Malaysia such as bank rakyat FDs or SSPN savings. If it follows the normal SC guidelines, it would have a risk rating of 8 like Kenanga Growth Fund

As to it being always fully subscribed, that's where the national interest is, they have to have products like this to make sure Msia share market doesn't swing crazily up and down during times like this.

Key question is - Do you want to be part of that, the black box method where you don't know how much your RM1 per unit is worth, it could be RM0.80 now or RM1.20 now. By putting 100% of your money in that, is the same as putting 100% of your money in Kenanga Growth Fund; which is not advisable

I made my choice, I want to know how much my investment is worth, even if it means sometimes it's less than my capital. I also want to put some of my money in non-Malaysia assets to diverify better. My 7.7% IRR is much lower risk than putting the money in ASX; it's 70EQ:30FI

I know, you think your investment is risk free like FD.... we can continue to agree to disagree because even PNB say it is not risk free like FD

Ans to Q1:

I need to benchmark it to KGF as ASX is a 100% local exposed fund, so is KGF. I need to compare apples to apples. But I need to bring you back to the original point of my argument which is not about the return per se, but at how ASX is not reflective of the total assets it holds.

Ans to Q2:

It has not happen and whatever we say is purely speculative. However, for the sake of argument, I speculate both will not persevere capital as neither both are capital guaranteed.

Ans to Q3:

It is an opinion expressed by you, it is difficult to argue on opinions. If 7 to 8% is what is comfortable to you, who am I to dictate otherwise. Nonetheless all I am saying is that given an apple to apple comparison i.e., both are locally exposed equity fund, one gave you 8% p.a., the other 16% p.a, you be the judge.

Ans to Q4:

Noted. Equity fund such as KGF are used to increase one's wealth, if someone who already have wealth and need to persevere it for next generation for example, then there are other tools out there. KGF / ASX may no longer be the right tool.

Xuzen

Thank you Dasecret. This is the first time that I have read the factsheet which says this.

i shall stop updating my portfolio for awhile... ignorance is bliss...

joining the ppl in FD thread in chasing the higher FD rate seems better on the heart...

Isn't CMF better?

OT : The fellas there are quite entertaining.

Assuming they out perform the board rate b 0.5%, and it requires moving their capital every quarter. Per 100k deposits, they make an extra RM500 pa., or RM125/move.

Nett of expenses, I'm really wondering what the point is.

This post has been edited by lukenn: Jan 14 2016, 07:06 PM

First thank you. After being told repeated time, now I know. I used to don't know that it's not FD.

"capital protection" here means you cannot lose your money. How on earth you are going to lose your money if you buy and sell at RM1/unit? I know is not stated in b&w, hence the ""

Again sounds and look like me scenario. It was never a FD but still feels like one ("capital protection", consistent returns) Jokes aside. Some bumi see it as a high interest giving SA. Is not guaranteed by government of Malaysia but it's like epf under the ministry of finance. And we all know what will happen if something is in trouble. Left to right.

For me it doesn't matter whether it made a loss or not. Most important for me is my main money must not disappeared (loss through investment) and the returns must be above FD! They want to conjure money our from thin air also I don't care. As long as when I want the money and I am able to withdraw it, no problem. Any side money can make a loss.


I agreed with you on this. If one wants to be rich, one cannot depend on single digit returns.

Btw, if one can go in and out of ASX FP anytime, would that be a better choice than CMF?

Yes and no. Returns of FD promos are 4.x%. Better than CMF. Downside is not liquid enough.

while CMF return now is quite high at 3.9%, it is way better than normal board rate. but for some conservative ones, locking in with FD which the interest is guaranteed than is more favourable.

i like to point out also that CMF isn't always this high. it does vary, but based on my own experience thus far, i think on average should be around 3.6% or 3.7% for the past year which is still not bad.

lukenn
I sendiri buat (not verified) back track template.
using last few days data from FSM

at 36% m'sia SC ...I just got 13% annualised returns in 10 yrs duration
where else your portfolio as in post# 723 is very much less volatile, yet it still got 10.92%

it just make me wonder.....is higher volatility good?

btw, I attached the back track template...just in case anyone try it out and found error in computation formula...pls tell me ya....me not expert in excel...


Attached thumbnail(s)


Attached File(s)
 Back_Track_Portfolio_ROI_Template.zip ( 21.08k ) Number of downloads: 8

2-year return is annualized, so you need to multiply the return by 2.
Example, for CIMB-Principal Small Cap, N6 value (in Dun delete) should be MAIN!N5*C6*2/100

Ditto for 3, 5, and 10-year returns.

This post has been edited by river.sand: Jan 14 2016, 07:48 PM

if calculate total return...yes must * number of years....
I follow annualised return as in FSM data format....
I think can use.....b'cos I am calculating it as annualise.

thanks for the input...will review again to see if really can use or not.

Adele,

U should be getting excited ma right?
i mean, CHEAPER equities to buy more wor.

like shopping on SALE SALE SALE!
since need/holding long (or should i say 'savings allocater'), i'd prefer things to be on sale since i want/need to buy anyway

sorry - "grocery shopping" habits die hard. i'm the fler infront of the queue with fully loaded milk-powder 12 months' worth during a worthwhile sale
other's reality may differ

I think, the variance is the starts of the timing of the input and ends...lukenn's one back track from 2014.......your's is from 2015....
I think that is the culprit.