Personal experience, 1 day.

they are NOT insurance companies. like what they are doing for the unit trust, they are again, just INTERMEDIARY. the insurance plan is NOT theirs, it's underwritten by other insurance companies.

why is it even a point for discussion?

I'm one of the minority of malaysians who dislikes as rate cuts bring me no benefit, YET.

While i'm a person who believes in lowering transaction cost, playing around with the credits seems a little risky considering there's always promo every now and then, not to mention referral, etc.

anyway, there are not many fund houses that we can choose for this purpose. I thought RHB charges RM25 for every switch?

for discussion purposes, there's affin hwang select income fund, which while it's considered fixed income, sales charge is being incurred, i wonder if it's considered 'loaded' units. for the purpose you mention, this would be 'safer' i guess.

For those not familiar with the maths behind it, do use the excel provided on post #1. it will help.

And personally, i really think taking profit is not the right thing to be applied on unit trust.

Yes, some of the ones here do do that. but taking profit kinda means one knows the timing of the market and in reality, nobody knows.

I have a very good answer for this. Because of something called compound interest. I want my 7% earned to earn another 7% too.

i'm more of supporter of what wong sifu said in post #444.

if i know the euphoria will and will not continue, there's really no need to discuss anything. my sticking point is, we can't time the market hence the statement doesn't quite work.

Also, yes, eventually we will take the money out, but i only plan to take them out, if i need them to achieve my goals, ie buy car/house, other personal milestone. that's why i invested in the first place. of course, hopefully when i withdraw my investments, it's not another 2008.



This post has been edited by adele123: Sep 21 2016, 10:43 PM

There's no really 'THE' fund.

Anyway, i did buy into that Eastspring ASIA PACIFIC EX-JAPAN TARGET RETURN FUND when it was launched for like 2-3 months. at the time i already have cimb AP fund.

decision was made based on track record in other funds and reputation of that fund house. also at the time still a little blur and was very gungho about investing in AP ex Japan.

my least performing fund to date, though mostly due to timing really. though result would be better if i stuck to CIMB AP.

one should understand why CIMB global titans is (in your words) performing poorly before making other decisions. if i'm not mistaken, the US market has been sideways since you bought it, based on the index on Dow Jones and S&P 500.

i once read an article about not chasing fund performance, it makes sense, but of course it still depends on the market (that we cannot predict).

It explains that the current fund that you are saying performing badly may be so because of the market cycle, what goes up must come down, and you bought it while it was on the way down.

Whereas, if you decide to switch out from current fund to another fund currently performing well, you may be worse off. The new fund which may have already had a good rally, may not continue the rally in the short term. So, it may be that you repeat the same mistake you made previously, which is buying on the high side, and selling it low.

So your plan is, if your equity hit 15% (what is your timeframe?), you will take the profit and invest in asnita bond fund for retirement... but.... how far away from retirement are you?

IMO, i won't DCA on bond fund la. doesn't seem like there's a need for that. although, i have been bitten by 2013 dip (when Mr Benanke said planning to stop QE and bond price dropped..., I no longer hold the said bond fund or any local bond fund).

But but but...

Ppl your age can reach gold status, very geng already...

Ya... exactly... your when is rather early... I need to start improving my income and asset...

Btw, when you entered in 2013, you also dca right? So, should be able to smooth out the up and down? Or was it lump sum?

Not to sound interrogative but i'm really curious.

why would you want to bank on your profits... at 15%? there must be stated timeframe. 15% in 5 years is not ideal for UT investment (might as well throw the money in FD). and i feel like by doing that, the compounding effect is gone.

anyway, i point out i was bitten during volatility of bond fund, which while usually bond funds are less volatile, the market shock possibility is still there.

End of month portfolio sharing, Age of portfolio, 2y, 1m, 10d

Fund	IRR	ROI	Percentage of Portfolio
Overall	7.37%	13.65%	100%
Kenanga Growth Fund	5.90%	12.57%	30.5%
Aberdeen Islamic World E. Fund	5.87%	11.35%	19.41%
CIMB Asia Pacific Dynamic Income Fund	9.41%	18.22%	21.52%
CIMB AP PRS	10.46%	12.40%	12.70%
Manulife India	7.67%	12.04%	6.51%
Eastspring AxJ Target Return	3.65%	6.25%	4.12%
RHB Asian Total Return	13.97%	22.64%	5.23%

This post has been edited by adele123: Sep 28 2016, 09:33 PM

Yes, I am aware. Like someone said, PRS is for tax relief, and majority PRS are local funds with the exception of this and AP outperform Malaysia in the last 2 years. For my own portfolio analysis, I will view it as one fund, one geographical location. I’m sure quite a number here is doing the same. They like CIMB AP, they invest for that in PRS too.

i'm not sure about your financial portfolio and you don't need to disclose but to me lump sum 15k in one go is quite a big sum of money. say if in the next 2 months the market drop and maybe you lose 20% of it, are you ok with it? of course the opposite can happen, maybe market goes well and go up 20%, but just as a reminder.

my question is, why not just DCA in the first place? anyway, maybe 15k is peanut to you, so just points for you to ponder.

Also, personally, i don't quite like balanced fund. reason being as explained by pinky before. you can create your own balanced fund by buying a percentage of equity fund and a percentage of bond fund.

as for the 3 funds you mention, i like them, just remember that 2 of them are wholly malaysia funds, so... depends on how bullish you are on malaysian funds.

PS: i do have KGF but not EI small cap, but i do like it.

1) I was abit afraid when someone take my opinion as it is and change their method entirely. I takut… nanti dia curse saya pasal I said something.

IMO I don’t like RHB smart balanced fund, but I’m a bit bias. The smart series fund kinda not smart. U-li Corp…???

I don’t know if my reasoning make perfect sense, but let me present it to you. If we use the chart centre and select Smart Balanced, KGF and EI small cap (they are not apple to apple but that’s the point I want to make), I made a conclusion that, despite the so-called ‘balanced’ the volatility of rhb smart balanced exceeds KGF, AND the return is worse off. Sure, when you add in EI small cap, sure it has highest volatility, but also higher return. Based on this past performance, I don’t see the point in this fund.

Those who can make more technical conclusion, may correct me.

2) I always fund balanced fund a bit weird. if I have 1 to 2 equity funds and 1 bond fund with the same company, then I can rebalanced the bond/equity side easier (just switch it a bit) and ideally with a company with free switching, etc…

3) btw, amdynamic bond got that stupid redemption fee (like someone pointed out). I would choose a bond fund with a company I have equity fund with as pointed out in point #2. I believe kenanga and eastspring offers free switch? Not sure about cimb, probably free too?

You sure you did it correctly? I don't think it is mathematically possible.

if i'm remembered correctly (i'm not stalker) but you got the Kenanga AP fund around the time where the market dropped like **** last year, before april 2015? it will require some time to "earn" back.

as for Eastspring AP, i bought the fund although i didn't top up from my initial investment. i'm actually looking to divest of this fund and move it to another fund. haha.

Btw, i also bought into Libra Anita bond fund.

FOR PRS, it's to you, as an individual. That is why you do need to fill in that PRS form. For non-prs funds, you don't fill in any form right?

CIMB knows i am holding CIMB AP PRS, but CIMB doesn't know i am holding CIMB AP fund.

that's the difference. You don't have to worry about tax relief and etc... so yes, i strongly recommend to stop contributing with public mutual and switch to FSM.

Instead of layaning the ppl who keeps asking the same questions, don't ignore this poor friend here. Btw, the rest, try to spoiler when you quote long post. Improve user experience.

Fyi, actually all funds has these annual management charge, amount differs from fund to fund and companies to companies, but the charges is still there. You can always get it from fsm website.

These charges are charged daily and reflected in the unit price. REGARDLESS of how you buy the UT it will be charged by the fund managers (the company).

Other than this AMC, FSM charges a 0.05% platform fee for bond funds. This is explicitly charged by FSM, so you will get a receipt of some sort from FSM. other than that, that's all.

Probably you were not comparing to the right group of local funds.

Several of RHB favourite small caps stock experienced a massive down during that period. If you compare to Eastspring Small Cap, you should see a similar trend although i believe it's not as bad as RHB. It was actually in the news.

http://www.thestar.com.my/business/busines...25/no-selldown/