Xuzen recommend TA Global.

However, given they have the same risk return ratio, do he prefer diversified region (although TA has three quarter in US) over diversified sector (but focused in US)?

Or both are within his acceptable risk range (for high risk) but TA simply provide better return (even though higher risk)?

New fund usually won't happen lar

My personal experience was with Alliance Global Equities

Between TA & Manulife, both have similar risk adjusted performance (RAP). How do you choose? How do you choose?

AIYH,

This is exactly what I meant when I said book smart versus experience. A book smart person without real life experience when comes to this will be dumb-founded.

For me, I choose TA because although it has same RAP as Manulife, TA has more chance of giving better return than Manulife, even though its risk will be correspondingly higher than Manulife.

Why I do this?

Recall that I already have RHB-AIF which is a low volatility fund, hence I can take a little bit more risk with TA to boost my overall portfolio return. Make sense? Strategy forged from being in the field versus book smart.

Xuzen

So both are acceptable individually, providing similar RAP just up to whether it fits into one's portfolio?

This post has been edited by AIYH: Oct 18 2016, 11:29 AM

Actually I don't know about you but Manulife US topup is pretty steep at RM500 min but if one do RSP, it only cost RM100. For me, I switching over to TA Global (will just leave Manulife US running with whatever I have inside) because of the RM500 issue.

By going for Manulife US, I am unable to topup other funds.

Since I do via RSP, both pose no difference to me

So, I choose TA Global because it provides higher potential return given similar risk performance

TA Global Technology Fund = Ikan-bilis friendly!

Xuzen

This post has been edited by xuzen: Oct 18 2016, 11:45 AM

When will a mutual fund be closed or shut down? Pink Spider said it will not happen to a new fund.

I read a US centric maths/finance book recently. In US, the fund manager will incubate let's say 5 new funds for 12 months. After 12 months, Fund A is giving 10% return, Fund B is giving 8% return, Fund C, D and E are giving negative returns of -5% to -10%.

Funds C, D and E will be "killed" off or shut down. Funds A and B will be officially launched to the public. This is known as mathematical manipulation.

Do the fund managers in Malaysia have the same practise?

This post has been edited by Vanguard 2015: Oct 18 2016, 12:02 PM

How much data is needed for meaningful calculation? 1 year is sufficient or need 3 years? Also using weekly or monthly performance? Right now I use 1 year monthly data. Thanks.

Story telling time.

At the end of 2014, I noticed that the one year historical Sharpe ratio of China specific fund namely Manulife China Equity was awesome. It looked so good! My darling Algozen™ was screaming into my ears:

MASUK! MASUK! Moh Man Tai! Sai Lang! Show Hand!

Relying purely on numbers, and without wisdom, I was 80% China at that time. That was how good the China numbers were at that time.

Then mid 2015 China came tumbling down. It dropped 20% or so and since I was 80% China, 0.2 x 0.8 = 16% drop in my portfolio. Aduhai! Sakit hati-nya.

So, you see, Kimyee, one year historical data can be quite daunting. I was like Officer Harry Callahan.... Do you feel lucky punk? Well do ya? It felt lucky for a while until mid 2015.

Now a days I use 3 years data. So far so good. Three years data provides a better margin of safety.

AIYH,

So you see, again if you are only book-smart and rely only on numbers or algorithm alone, it can bite you. You need a little bit of numbers plus some real life experience to be a successful investors. For those who are always scare to lose (kiasu), and never really participate and keep on asking and asking only and only rely on reading lots of book, you will never be able to learn it properly.

Xuzen

p/s If I were to show you my IRR, taken into account my misstep, it surely will not look good. Similarly with Pink Spider, both of us have gone through some rough patches before as part of our leaning curve. In the end, we learned our lessons and came back stronger and became a more mature investor.

IRR is basically a number and is meaningless on its own without knowing its context. So showing IRR can be misleading.

BTW, if you ask me what is my IRR now, I will tell you straight off, I don't know because I erased it and start a new from there on. I do not want to dwell on my past painful memory. Lesson learned, moved on.

This post has been edited by xuzen: Oct 18 2016, 02:39 PM

Yup - RHB BRIC was one of the two closed.. urgh..

luckily FSM gave me a free pass to move the $ to GEMs kamsia kamsia to FSM (i know someone there is reading this thread) - else another 1.x% service charges

yklooi

That is why do not be too eager to participate in new fund I say. Let the fund run for 3 years or more before decide whether to participate in it or not.

Xuzen

Another was RHB Global MultiManager Fund. Pity they shut it down, had quite a good IRR/ROI on that one

Sorry newbie here. Do we have to declare our income gained from transactions in FSM for tax purposes?

Thanks.

No. But file them (the dividend/distribution vouchers) for record purposes.

don't needed to declare..

and why should we, when we are already paying all kind of taxes including GST

Capital gain is not taxable for personal income tax.
Dividend/Distribution has been taxed at source with the implementation of single tier tax system.

Dividends have been taxed at source at 25%. However one may claim back the difference between that and one's current tax bracket. No point to go through the hassle for very small amounts though.

https://www.fundsupermart.com.my/main/resea...-Dividends-3246

But you guys are talking about paying tax not claiming back.


This post has been edited by David83: Oct 18 2016, 07:08 PM