kkk8787 Build a good portfolio, not a rojak of all "best  or recommended" funds. Like a football team, you want a team with players of good synergy, not a team with superstars but not complimenting each other.

Credits to Pink Spider ah. I learn this from him too .

Anyway, you can always ask FSM to help you to build a portfolio and there's also an article about how to build one on FSM. I don't have the link but a few pages back, someone posted it

Your portfolio looks like the European Union i.e., too many decision makers speaking in 6 to 7 language to each other... no wonder it is so messy!

K.I.S.S!

Xuzen

Relax bro.. it will go higher! Patients!

Bro, Monday is a public holiday. You can ask CIS on Tuesday. Please share their advice here if possible. Would they advise that:-

1.  You have deworsified?
2.  Over traded?
3.  Did not follow VA or RSP?

Without knowing your investor profile, I suspect the main problem is No. 1 above. This means you are buying too many funds which have a high degree of correlation. My own definition of high is 0.85 positive correlation and above.

An e.g. of deworsification is when Fund A is selling Maybank at RM8 because he thinks it is too expensive. Fund B is buying Maybank at RM8 because he thinks it is cheap.

As an investor, you are holding both Fund A and Fund B in your portfolio and paying the transaction costs for this Maybank deal. So what do you get at the end of the day? 1-1 = 0

Never ask never know. Thus far I have only dealt with Alfred from FSM. I truly think he is the gold standard in his services.

Doesn't FSM design or recommend a portfolio for high value investors after assessing their risk profile? I dunno know. I am just guessing.

Sorry I just assume high value  because I thought you posted before that your current loss now is equivalent to the price of a Proton Saga. That's a lot of money in terms of paper loss.
I see. So if ordinary investors ask the CIS for their advice, would they just say please follow one of the FSM Recommmeded Portfolios, do RSP and have a long term investing horizon of 5 years and above?

dasecret is mutli diamond studded platinum status. Min AUM is RM10,000,000.   

Well if it is any consolation to you, my current paper loss is about RM30k but I still ZZZ at night like a baby.

My approach to life? Don't worry be happy. This too shall pass. 

yes, b'cos it is our money.....
I think this also applies to paid consultant services too....
unless one go for ASx - FP and say,...I don't care what or how you invest...I just want some dividend to be paid annually and when I had enough I sell it back to you at the same value as I bought now....

I dont work for FSM ...   

I really don't mind giving my RM0.02, some of the forumers here can attest to that. I just got a little annoyed the when one fella was demanding this and that.
Paper loss is not yes realized its a loss .... ??

 
high correlation and high overlapping coverage is not necessarily a bad thing. Just remember to adjust the allocation..

eg :

local equity allocation 40% ==> KGF 20%

      - or -

local quitey allocation 40% ==> KGF 20% + EISC 20%

No offense. This question is like asking Texas chicken boss if he thinks KFC is nice. No matter what Texas chicken boss say also die 😜

They are just fund salesmen. They're there just for the old people that don't use the Internet, If you can do it online, you won't need them at all.

You try first and see lor. Then let us know. Doesn't cost anything right ?

Share your questions and their feedback. Then let the forumers have an idea of how it works.

If you keep losing year after year, I will recommend you park your money in ASX FP first until it can generate you sufficient money for your monthly expenses then try your hand at UT again. At least with ASX FP, one gets consistent 6.x% p.a despite good or bad market. Downside is one will never get the full returns during a good time.

Did that conversation help you ?

Amanah saham fixed price fund (as1m, asw2020, ASM - for non bumi, asb -for bumi). You buy and sell the units at RM1/unit.

Keep in mind, amanah saham is not transparent. One will never know how much he or she actually gain/lose. The bright side is buying and selling is at RM1/unit with consistent returns of 6.x%.

If you cannot tahan something which is not transparent, don't invest in amanah saham. If you are like me, doesn't care about transparency as long as I get my yearly 6.x% and the selling price remains at RM1/unit, then amanah saham is suitable for you.

Premium bankers have a high maintanence quota and if they don't meet it, they are a goner. So, that is why they need to sell sell sell. They are the same as your regular Toyota or Honda sales consultant.

You go test them out. Go into a HSBC premier or any private wealth advisor and tell then