It's ridiculous to pay high sales charges to those banker, which most likely won't monitor and manage for you. Unless you got like high 6 figure amount. Hehe..

For FSM, there's portfolio managed by their professional team. of course with a fee. Forgotten how much but given that, I assume you are new in UT, so imo it's better to let the pro do their things while you slowly learn

Bear in mind, it will take 2, 3 years to have stable growing gain

Sorry, I have no experience with MotleyFool.
Live to fight another day!
We need true grit to survive this investment game. 

Over the years, I have seen so many forumers come and go in this forum. Presumably, some became millionaires and left the forum. Others suffered  losses and stopped investing/trading in the stock market forever or for years.
I have shared mine before.

To repeat:

1.  Stashaway
2.  FSM One Malaysia
3.  FSM One Singapore
4.  PRS
5.  SSPN
6.  EPF (self contribution)
7.  ASM

Other investments which I tried and failed

1.  Funding Societies (this is P2P)
2.  Fundaztic (this is P2P)
3.  HelloGold
Can a small fish grow and become a shark? 

many losing money because they mixed advice up. They mixed trading advise into their investment journey or they mixed investment advise into their trading journey.

be clear with what you want to do.

You can take a look at bursa built in ETFs (including commodity/china/us etc), the advantage (sort of?) is that you do not have to open another account eg. FSM/Local IB. Just google klse etf and you'll find more info

To answer your question, there’s no cut loss in my book (sorry uncle van 😭), the only reasons I’ll sell a stock are when the company starts making lesser and lesser money, so their profit graph should look like a descending pattern for a prolonged period, so you know the diminishing profit might eventually snowball into a calamity. I thought that was an obvious one. Next, thinning of profit margin should raise concern too as the company may be losing its competitive edge. Rising debt, decreasing free cash flow, decreasing EPS, DPS, excessive ESOS, all these will raise a red flag to me and warrant a deeper scrutiny. The management team matters just as much. You see why many people still betting on Air Asia even it’s obvious that they will take years to recover their losses (touch wood, even then their risk of bankruptcy remains)? Air Asia, Tony Fernandez, nuff said. I dare to say if it were another Air Line managed by other Tom Dick and Harry the company share price would probably be <30c, for example.

In case if it weren’t obvious enough, I’ve been talking about business, not the share price. If the company does well, the share price will take care of itself. No companies without solid fundamentals will be able to withstand the test of time.

I reckon the piece of mind I get despite sitting on paper losses stem from the fact that I have an ok active income with high saving rate, thanks to my frugal lifestyle. So your life commitment plays a huge role in determining how you react to those temporary losses too.

I miss this meeting as well. But I suppose Rakuten will make a summary post in its Telegram channel next Monday.

Yup I agree that despite paying annual fee and sales charges, if pick the right UT, the annualised return is like 10%
But
Sales charge is like commission for the agent/banker and those that do research/monitoring are the fund houses/managers.
So I do mind paying high sales charges to those agent/banker but I don't mind paying annual management fee to the fund house/manager

For FSM it's a tier system, from 1.75% to 0.5% and there's another platform, EUT afaik theirs is flat at 1.25% but I never use it so not much comments. Tho I do recommend if you plan to have 6 digit and long term DCA, fsm will better choice since at 250k the sales charges is 1.25% and if you subscribe to their insurance, it's 1%.

Being new is ok, for every new investment tool we start from 0. Also depends on what and why you want to invest in UT

For me, fsm is a way for me to diversify to china and Asia market.

First of all, you need to find out why does it go down “50-70%”, if it’s due to sentiment manipulation, it’s noise. It won’t matter in 5 years, much less 10. Do you have a 10 years investment horizon?

PRS works in the same way as unit trusts. But PRS has zero sales fees.

PRS is also divided into Account A and Account B like EPF.

But I believe  investors cannot take out the money until retirement age, i.e. 60 years old except for Account B with a 8% tax penalty on the withdrawal amount. There are different types of PRS as well, low risk, medium risk and high risk.

The returns have been good. More than 10% per annum for the Principal PRS Plus Asia Pacific Ex Japan Equity - Class C which I have.

You get diversification across different countries for your stocks since this is an Asia Pacific unit trust. Lower risk than investing in an individual stock in Bursa.

Besides being an additional retirement pot, the PRS is also income tax deductible. You will be able to deduct up to RM3,000 from your taxable income, which will count towards your final tax payable. Earnings generated by the PRS funds will also be exempted from tax charges.

What more can we ask for?   

P/S : Of course, PRS is not capital guaranteed. We cannot ask for the moon! 
        So, we also need to choose the type of PRS that we are going to invest in carefully.

PRS, like EPF, for now is tax deductable. If you're at the high tax brackets the tax savings alone is <20% before taking the fund performance into account. That's certainly worth being "not liquid". Also it is possible to withdraw PRS account B like EPF, or to withdraw for no reason which is subject to 8% penalty.

I think he meant <20% of that 3000 deduction. Still a good saving regardless.

Personally, I'm an introvert so it is fine for me. No need to think of excuses to skip gathering that I do not want to join.
The only thing I miss is travelling.

If you ask me, the most affected one are those younger gen that hangs out a lot. I can see that they having hard time staying in.

I'm also an introvert, even though I'm sure you all will refer to me as a youngster (20s). Staying at home when not working is 2nd nature to me. However my business has been badly affected by covid, until now, my property portfolio is aimed at expats and university students (which both have left) and to make matters worse, my parents have lost their part time jobs, so I've basically been living off savings and investing (and the scraps of my business) for the last year.
Oh and my fiance is a foreigner, we were thinking of making it official last year, now I haven't seen her for a year.

Sorry for being off topic.

Don't enjoy being stuck at home this much. I enjoy being at home and all, but too much of it means less time for other areas.
Miss the adhoc coffee sessions I have with my friends from other companies and industries. Might be little bits of information here and there, but once you don't have it you realize how important it all can be added up.

your coffee session sounds so atas

1. Public mutual have sales charges for their PRS fund. But their annual charges is just slightly less than that those who do not charge sales charges

2. It depends on your income tax bracket
If your annual salary is 60k or below, your savings should not be more than 11 percent

If your salary is dew hundred K, you may save more than 20 percent

There's a danger with time. Yea, time can be the darling of a wonderful biz but time can also hurt a 'good' business stuck in a rot ....

I do had a 'life' example shared here a couple of years ago ... but to avoid biasness to the stock...

let's say we a stock, which was a proven investment success story, paying over 5% dividend yield and unfortunately, after we bought it, the stock started falling and falling.
That was in 2014.
Stock till today, still pays good dividend, over 4% based on current prices.

now .... which would have been a better choice?

1. Sell and admit we made a mistake and bought a 'good' stock but at a terrible price. (potong la !)

2. Hold from 2014 till today?  (8 years investment horizon wo)

Thanks for the insight. Hopefully, my judgment based on the growing QR reports is a good call.

I'm a bit of both. I can hold long term until there's profit, I'm in no rush to cut loss if it goes red. But if it goes green next week and the profit is nice, I'll let it go.

Over the weekend Astro News got 2 clips on Gloves stock. Now they are still on average (top 4) up around 200% pre pandemic, and there's real fear the vaccine is working thus resulting in lower demand for gloves next year. Also more supply is coming and if demand doesn't go up, the top 4 gloves can lower price to eliminate competition. One of the analyst is still bullish though he mentioned has to take note of the entry price. I guess lots of moms and pops watch Astro News...

I cannot be any more happier today holy smoke

Man feel good finally sold few lots of MPI. About time lets gooooo

Hahaha, sell only la if you are scared. Hold cash is actually not bad now, Local funds selling for 2-3 months straight ady

Does fundamental still plays a major part in Bursa? More like sentiment these days, just look at Dataprp lol. Fundamentally gloves stock are very profitable still but drop like crazy today.

Depends on how low your stomach is willing to go for glove holders.

Waiting for a rebound which may not materialise to decide on the next action.

Worst case, cut half. Other half, let it rot there for years.

I think anyone who is still holding gloves should not sell today. As we all know, last week was Bursa' busiest earnings season and most funds are doing some rebalancing last week and today. So chances are, you might be selling at the bottom if things go wrong. But if you do want to cut loss, make sure your money is parked in a good place. Opportunity cost is very real.

I believe a technical rebound is near. I think Mr Market knows RSI super low, etc. But that's where the market movers are not giving in.

The loss of opportunity to buy other stocks is real too.    Imagine if the banks drop 10-20% & I can't buy. (although I still have PBB)

Very sensible of you.

From your reply, I think you're an expereinced investor ady.

I agree that there will be more goreng kaki nxt time, coz if they buy profitable glove company oso lose money, might as well buy lapsap goreng stocks if can earn money.

Let's talk about it next week and see how it goes Weds first.
I also felt the same way when it happened.
I have no plans to budge and will continue sitting.
Not a case of diamond hands or anything, but still need more time to see if my earlier calculations and forecasts were correct. Possibly end 2021.

If gloves drop all the way to RM 1, I"ll have a great story to tell at the coffee shop about losing most of my principle investment in something.
There is always a first time for everything.

anyone still holding glove stock?
used to think about hold them for long term after get trap (TG at 7.4, SPMX at 8.9, LKL 0.9) but now feel relief i cut loss last week. Since plan to hold long term i dumped to US Cruise stock and bitcoin instead..

I am still holding TG at mid floor of 6 after average down several times 
Btw, what happen to LKL as it has dropped from 0.80 to 0.425 recently?
It suppose not a goreng stock, right?

I have Kossan , TG and Super.  All stuck at Penthouse ,TG is the worst at more than 40% .

1 truth
2 hope

2 is always less painful.

I think this is the dilemma many gloveholders are facing now. 

I'm hate the feeling of 1, and seeing paper losses incurred so much in so short a time, cutting feels wrong.

Might as well be forced to be a long term investor, since I don't nid the money urgently.

share this 3 sure go up stock:

1. the one you sold
2. the one other people bought
3. the one in your watchlist you didnt buy.

Good morning folks.

Glove stocks rebounded strongly for the morning session. Up from +5% to +10%. Supemax is up +10.22%.

2 possibilities:

1.  This is a dead cat bounce OR

2.  All the margin players, contra players and weak players been flushed out these few days. I assume that margin calls for Supermax and the other glove stocks would have been triggered these few days thus leading to further blood baths.

Therefore, once the slaughter is done, this leaves the survivors, glove holders with cash and those coming "to pick up the dead chicken". Mega discount for glove stocks.

I don't know the answer.

Let's enjoy the ride for now. 

P/S:

Yesterday I sold off the following trading stocks:

Adventa +3.96%
Kenanga +1.13%
MESB      +4.38%
Timecom  -1.01%