hi all,

just a simple question, for PRS Fund, is it correct that FSM does not have any sales fee? i see from their website, shown 0% sales charge, then only 1.5% management fee, the management fee is annual right?

Thanks!

yes, 0% SC as per their website....

for other fees,...they are charged by the PRS providers and these charges are reflected in the daily NAVs...which means you don't see it.
except the yearly PPA fees (if there are transaction for that year)...where they will deduct the money from yr a/c.

for more details abt the charges....
http://www.ppa.my/prs/joining-prs/fees-charges/

This post has been edited by T231H: Dec 20 2016, 10:35 PM

perfect. just perfectly written. thank you! note to everyone ignore white noise and make it simple.

Asia Pax Japan
US
India
REITs

I am struggling between Manulife US and TA technology... The latter is sector specific whereas the main sector allocation for the former is IT...

I am scared if I go in high for Manulife as the NAV is at its max now

Too high for my liking. I cap mine at 15%.

Xuzen

1)



diversification. apples to oranges. Manulife US =/= TA Global in terms of the allocation the funds invest in please look into the fund fact sheets

2)

The NAV price of the fund that I'm interested in is quite high now, should I stay away? Investment gurus always say "buy low, sell high"...
» Click to show Spoiler - click again to hide... «
First of all, understand what is NAV price. I always like to explain things by using simple examples. Here goes...

- Fund ABC issues 1 million units at Initial Offer Price of RM1.00 per unit.
- As such, at Day 1, NAV of ABC is 1 million units x RM1.00 = RM1 million. NAV price is RM1.00.
- After the end of the Initial Offer Period, ABC starts to operate, it starts to invest.
- Let's say ABC bought RM200,000 worth of Maybank shares, RM300,000 of Dutch Lady shares and RM500,000 of BAT shares.
- Let's say after 1 month,

Market value of holdings
Maybank RM180,000
Dutch Lady RM360,000
Guinness Anchor RM400,000
BAT shares were sold off during the month
Total value of equities held: RM940,000
Cash: RM50,000 (dividends received from BAT)
Total value of net assets i.e. NAV: RM990,000
NAV price per unit: RM990,000 / 1 million units = RM0.9900

Ah Beng says: "ABC is now cheaper, can buy!"
Answer:
NO! You cannot determine the "cheapness" of a fund by looking at its NAV price alone. We can only deduce that the ABC had made an NAV loss of 1% during the 1-month period, but you cannot say that it is "cheap".
The fund could have bought Maybank when it was overpriced, and now its holdings of Maybank had gone down 10%. Maybank is now cheap!
Guinness Anchor could be oversold, thus ABC sold its holdings of BAT and bought into Guinness Anchor. Another undervalued stock in ABC's holding!
However, Dutch Lady have rallied 20% in the past 1 month, it could be overbought i.e. expensively valued now.

Simply said, you determine the "cheapness" of a fund by reference to its underlying holdings. The NAV price CANNOT give you a single clue as to whether it is an opportune time to buy into a fund.

Let's say u are looking at a fund which focuses on plantation stocks. Plantation stocks on the KLCI could be oversold, went down 20% in the past 1 month yet the fund only recorded an NAV loss of 5% in the same period. You might think, "aiya, only -5%, the fund is still expensive, don't want buy in now lah". But you could be terribly wrong; it could be that the fund was sitting on a heavy cashpile during the past 1 month, hence it did not lose much. But plantation stocks are now trading at a discount, it is an opportune time for the fund to buy!

Of course, all this is based on the assumption that the fund manager is not stupid. tongue.gif
If the fund manager still sits on its huge cashpile and refuses to enter the market, then later when plantation stocks rally up 30% the fund could still be sitting there with -5%/+5%.

PAGE 1. READ IT. if don't know what I mean. READ AGAIN.

This post has been edited by Avangelice: Dec 21 2016, 10:48 AM

I have been holding RHB AIR for 4 months and there is no income at all.
And just as I bought in Ponzi 2.0 on 3 December the very next day FSM have a promotion of 1% SC. Lost a few happy meals there.

Patience my young padawan! Unit trust isnt for people who expect returns in less than 1 year. Please read up on the essence of unit trust!

also that 1% means nothing in 2 years from now when your capital has appreciated. If you are still clueless, read page one. If you are still clueless, read again.

If UT is too slow for you, theres always stock trading

-delete-

This post has been edited by vmt: Dec 21 2016, 12:55 AM

Hi guys. Not sure if this is the right place to ask this, but it does have something to do with investment. My question: hypothetically, if I'm earning enough every month to save 30%-50% of my income, is it a good idea to contribute just enough to PRS and SSPN/SSPN-i (I have a child) to maximize the respective RM3,000 and RM6,000 tax reliefs every year? From what I understand, PRS and SSPN/SSPN-i are both tax-deferred investments right (same as EPF)?

This post has been edited by imnotabot: Dec 21 2016, 03:59 AM

Do you mean income taxes and capital gains taxes (if any) are paid at a future date instead of in the period in which they are incurred?
if you meant that..... where did you get that idea/understandings from?

This post has been edited by T231H: Dec 21 2016, 07:53 AM

Ponzi 1 drop 3.67% to close at 1.4614 for NAV dated December 19th

that's not all. looks like everyone took a beating from the Fed rates. oh well we are in this for the long haul! make no changes and fight on




This post has been edited by Avangelice: Dec 21 2016, 09:07 AM

I guess it is distribution time on 19 Dec

2016-12-08 Affin Hwang Select Asia (Ex Japan) Quantum Fund RM 0.05 per unit RM 0.05 per unit

You guys are correct. I missed that out!

FSM agent also reply and confirm this with me...

Got such thing as free lunch in this world? If FSM charge 0% sales charge then how they earn? Or really they do charity for PRS fund?

do note that they get their monies from investors like us who purchase equities into our personal portfolios and everything is Do-it-yourself in fsm. All they do is help us process the buy and sell of our funds unlike agent based commissions.

regards.

Not sure whether this explanation is relevant or correct, but if I am not mistaken:

If you buy normal UT funds in FSM, the money is park under ifast name, meaning the respective fund houses wouldn't know you buy from them.

Whereas for PRS funds in FSM, the money is park under your own name, meaning the respective PRS providers know you buy from them.

Hence the difference in SC treatment (aside from normal UT fixed income funds in FSM)

Correct me if I am wrong

Lai lai open your mouth wide wide!

See lower right quadrant for historical distribution. Next one should be in Jan 2017.



p/s I hate distribution..... buat kacau aje!

This post has been edited by xuzen: Dec 21 2016, 10:22 AM