That's going to bring down the gain achieved last few days.

This post has been edited by puchongite: Sep 30 2016, 05:58 PM

The news that hedge funds pull out was yesterday right or some more leaving today? Cause DJ to drop 200 points (was awake in the middle of the night )

Read the post and article and opened up my fsm app. Manulife india dropped by 2% more in one go.

It's because of this India fire on Pakistan.

many thanks brother. think I'll just take advantage of the drop since the two events aren't catastrophic

theoritically you are likely to be correct
but in real life practice we dont know for sure.

if we can put our data together for comparison that would surely help.

i have 1 year scenario 2 data to share, IRR fluctuation is from a low 4% to high 10.4%
how wild is this fluctuation i dont know unless we can compare it to that from scenario 1 fluctuations,
i believe many of you guys in here would have that data.

What is going on? EPF is going to increase the basic savings again! Wasn't it the former chairman (or maybe it was the former ceo) who said that EPF is getting too large and too much money to find good investments? And the withdrawal scheme was to allow members to manage some of their money on their own?

KUALA LUMPUR: The Employees Provident Fund (EPF) has announced that the quantum for the basic savings will be revised from RM196,800 to RM228,000 effective Jan 1, 2017.

Read More : http://www.nst.com.my/news/2016/09/177215/...-old-set-rm228k

thanks for the update and links...

found this too on that link....some would like that.....

"Effective Jan 1, 2017, the eligible amount members will be allowed to invest under the EPF-MIS has been increased to up to 30 per cent in excess of their basic savings from Account 1, from the current 20 per cent".

I don't know what to make out of above... except that people are getting higher salaries than they were getting 2 years ago when the previous revision was in 2014 - higher salaries due to inflation and the recent introduction of minimal wages?

So 30% instead of 20% is eligible to withdraw - and they got worried and scared? "Eligible to withdraw" does not necessary mean that all will do so...

==============

BTW for the uninitiated, the withdrawal is only a small portion out of your total money in EPF. The total money is split to Account 1 and 2; and out of Account 1, you can only withdraw 20% of the excess money above the 'basic savings table' (the table shows the amount according to age), and you can only do this once in 3 months.

Increasing the savings table will cut down the amount that can be withdrawn.

(And I know what you are thinking! ) No, you will not have the money in your hands - if and when you sold the UT funds, the money will revert back to EPF... unless you reached your 55th birthday.

==============

Wait... it just hit me that I had been reading the above wrongly and spill out a bunch on nonsense. Had read it as "the amount of eligible members".

The new savings table will set a higher level and will chop off those who was above the previous level and now deemed 'poor' to the new higher level.

To those who are still above the new level, there might not be any changes to the withdrawn amount - excess money above the mark is reduced, but can now withdraw up to 30% of it.

Tip: Be careful with the amount you are withdrawing - you don't need to follow anyone's suggestion to fully withdraw the whole 20% (or the newer 30%) if you don't find the need to do so. I often round it down to the nearest 5k or 10k.



This post has been edited by j.passing.by: Sep 30 2016, 10:03 PM

9 months +2.5

Nice nice haha.

topped up India and saved a few rounds for ammo in the coming week to top it up again when it drops further.

What a coincidence, I too top up RM 300.00 into India fund. It's NAV has a drop after months of uptrend.

Also will top up Affin-Hwang PRS Moderate Fund through auto-debit (RM 250.00).

The above are my investment activity for Oct 2016.

Xuzen

This post has been edited by xuzen: Oct 1 2016, 02:57 PM

Lolz I thought only me alone top up India fund
Seems like others also did that

Hehe, I also enter the CIMB China India Indonesia yesterday

you both think the drop will go further?

this is bizarre that I want my funds to drop nav so I can top up.
feel like I level up from spending too much time with you guys lol

oh. what made you want to invest that when China is going through a turbulent stage

This post has been edited by Avangelice: Oct 1 2016, 06:55 PM

Allocation by country :
India = 33.25%
Indonesia = 33.15%
HK = 18.21 %
whereas China only 8.57%

So, just think that can give it a try....

problem with that kind of fund. even tho theoretically you are placing your eggs in three baskets but all three baskets are placed in one big basket which is still a bad diversification.

just my two cents. I prefer having total control of each fund rather having fund like those.

like buying in

Manulife india.
Manulife China
Asian income.

something along this line bro.


Regards.

funny that I am studying for my CFA and this page came up...

no need to sit course bro just read version 1 to 15 fundsupermart. a hahahahahahahaha

hahahaha i would have done that too but our CIO is making me take CFA!

Jokes aside,, I think I would be rest assured too if my unit trust fund manager have at least CFA

If you cant control the returns, you can at least control the risk

This post has been edited by _azam13: Oct 1 2016, 10:43 PM