Thanks. Just had a look at the pricing structure on FSM website.

So what you've described here, if I'm not mistaken

1. Buy equity funds => pay sales charge
2. Switch to fixed income => get  credit points
3. Sell fixed income funds

Assuming you've bought and sold at exactly the same price, you've technically converted sales charges to credit points. How much are the credit points worth that you would deem it as a profit?

Does making massive switches of entire positions out perform a stable portfolio, with only minimal switching to rebalance? It sounds like the switching cost would be a massive drag on performance.

My RM0.02 

The unbelievers shall be dikorbankan

Oi old man... you nyanuk & confuse izzit?

Titties is a equity fund leh; not a bond fund. Equities usually "M0h-T1U" interest rate keh!

And even if it does, Fed only raise 0.25% nia!

Xuzen

p/s RM / MYR weakness..... I am gonna go short on RM / long USD. Hence will spend local; cuti-cuti local and watch Titties fund go up up up and away.... Infinity n beyond!

Uncle - Tits / equities can be affected by higher interest rates leh
due to borrowings

and i did write Fed starting to raise rates ma - gawd knows how much / by when next few rounds
i no crystal balls like yours leh 

Merry X'mas, Seasons greetings and happy winter solstice to you too...

Old Unker WMK , Pengaja Van, j.pissing.by, and those FSM thread regulars (you know who you are) also too.

Xuzen

p/s Let's together-gether HU4T AR!

Oi old man... you nyanuk & confuse izzit?

Titties is a equity fund leh; not a bond fund. Equities usually "M0h-T1U" interest rate keh!

And even if it does, Fed only raise 0.25% nia!

Xuzen

p/s RM / MYR weakness..... I am gonna go short on RM / long USD. Hence will spend local; cuti-cuti local and watch Titties fund go up up up and away.... Infinity n beyond!

When the Fed raises the federal funds rate, newly offered government securities, such Treasury bills and bonds, are often viewed as the safest investments and will usually experience a corresponding increase in interest rates. In other words, the "risk-free" rate of return goes up, making these investments more desirable. When people invest in stocks, they need to be compensated for taking on the additional risk involved in such an investment, or a premium above the risk-free rate. The desired return for investing in stocks is the sum of the risk-free rate and the risk premium.

Key word - itu penjaga van OVERTRADES his UTs

Merry X'mas, Seasons greetings and happy winter solstice to you too...

Old Unker WMK , Pengaja Van, j.pissing.by, and those FSM thread regulars (you know who you are) also too.

Xuzen

p/s Let's together-gether HU4T AR!

need to ask about the excel IRR file, my IRR is now showing 97.09% in red..and everytime i update it keeps going down..i don't think that's normal..my ROI is showing correct figures so i think the thing is calculating correctly.. any ideas how to rectify or is that normal?

Zip your file and attach to your post. Or upload to cloud storage and provide link.

Lai Lai kawan... let's go for some coffee and kuih-muih.

Use wrap account hor... no need to bother with all these credit point these and that wan... want to switch from KGF to Ponzi 1.0  then back to KGF, somemore go visit eastspring, then singah-singah kat RHB also no sales charge.

Xuzen

Aiyo. Missed the SC promo period already.

Nevermind. Thinking to top up some HK region.

  US market naik naik...

US Market naik I'm happy & guys happy holiday. Merry Christmas too