YES,..i know you meant well, I think readers felt your good intention too....
I am sure, he will have to seek to "pay" for a managed portfolio...if his new transformed portfolio failed to achieve his intention this time....and after the free one from FSM-CIS also cannot erect his IRR/ROI to his desired level...

we can see how his portfolio is doing when he posted them in the beginning of each month (usually).

btw, yklooi,....this new portfolio composition ...you buat sendiri or FSM-CIS assisted/suggested one?

I'm not sure how he, or anyone else, has built/manage their portfolio, but here's a cost efficient no brainer. eg :

1. start with a simple allocation - 50% eqt - 50 fi
2. break into local foreign - 25% local eqt, 25% foreign eqt, 25% local fi, 25% foreign fi
3. buy 1-3 funds for each category
- local eqt = 25% ==> EISC 5% EIEI 10% KGF 10%
- local fi => EIB 25%
- .....
4. rebalance to initial allocation every 6-12 months

The work is all front loaded - deciding on asset allocation, deciding on which fund to put in.

Once its decided, there will be no "switching" of entire funds in and out of the portfolio, unless something has fundamentally changed. ie : personal exposure/risk, sudden capital injection/redemption, change of manager, change of benchmark etc.

This simple strategy keeps rebalancing cost very low ... about 0.5%pa. if there is a 25% portfolio turnover, which will almost never happen IF the portfolio is built correctly.

...

Heres a simulation I did with arbitrary funds
- 4 funds
- balanced 50/50 portfolio
- 10 years historical
- annual rebalance



- 8/10 years +ve returns
- 7/10 years double digit returns
- worst annual loss -10%
- time invested : 1 week initial, 6 hours annually
- rebalancing fees over 10 years <5% (guesstimate)


Edit : My mistake CAGR is actually 10.92%

This post has been edited by lukenn: Jan 2 2016, 02:16 PM

Good morning! 2nd day already huh...

Based on my understanding, 0.50% promo is applicable to those who turn up at the event ony

Thanks for the much appreciated input....
simple to follow and effective.

just not so sure about this "Once its decided, there will be no "switching" of entire funds in and out of the portfolio, unless ...."

but some would argue..."why no show back tested the results to include some global funds for a more diversified portfolio"...

From previous years.. It is not the case as i can recall

Even those not attending also entitle isit ?

ANYONE who log in to FSM and purchase funds on event day gets the promo SC rate. Period.

Yeap

Noted with thanks

Hi Luke,
Did you get this from Morningstar? How do you set the 10-year investment horizon and capital invested?

You create your own rules la, just don't keep turning over your portfolio.

Some should do their own homework lor. The spreadsheet is already there. The data is freely available. Wanna make money, work for it lor.

Anyway, its not about the ability to curve fit a portfolio to maximize returns, but to deliver decent gains over a long period with minimal cost and effort.

Done with excel.

yup.

I donno why "some people" give misleading info

I got this from FSM CS....
"Yes, you will enjoy promotional sales charge of 0.5% by visiting to our event on 16 January 2015."

the word "by visiting".....??

for those that wanted to do back testing up until 2006,...can try using the FUND RETURNS tool from FSM website to get the returns....
pls note that...the entry point for data compilation may alter the value of the returns....eventhough it is still a 12 months period.
" Anyway, its not about the ability to curve fit a portfolio to maximize returns, but to deliver decent gains over a long period with minimal cost and effort".

FSM wants us to believe that if we don't attend the seminar, we won't get the promotional rate.
But in reality, their system is probably not smart enough to know whether we are there.

spot on

that's why I loved to visit tis thread to get more info

This post has been edited by nexona88: Jan 2 2016, 04:31 PM

Just hope what you said is true...
I remembered, got 1 time recently, they used a very simple system....they hand out discount voucher in the form of password number...
one need to key in the password to get the discount....no need smart system...

Yes.. The do this as well somethimes..

You not free to go to the seminar?