Okok...

Yea like me.. for me risk is risk. There's no such thing as high risk, low risk lots of people have the mistaken impression that you can't lose money in fixed income.. but you can. US raised rates.. plans to raise more later maybe? rates are usually inverse of bond yield.. rates go up, bonds come down.

Make no sense long term to hold bonds, given that the US might raise it a bit more later.

well many tiers of investments.

Tier 1 Money market
Tier 2 Fixed Income
Tier 3 Balance funds
Tier 4 Equity.

for me fixed income beats FD by a long run and when you are helping managing your wife's portfolio, it's better to have a FI and balance fund. you dare to set all equity for her meh. I don't want o. she already say if I lose her money I'll need to top up for her.

ngaiti.

If that is the case then you'll have to top up first day when she loses 2%

US stock market is freaking expensive... they are already pricing in "growth" they haven't seen yet.. P/E +2 std dev above mean.. im not sure if earnings are going to grow that much.. I think correction is due.. anyone can convince me otherwise?

After so much outflow, KLSE actually starting to look attractive though.. but earnings have to deliver

Rule of thumb.. in the long run everything goes up. Local markets don't have that long a history, but you can see it in the US and UK markets. I don't plan to take it out ever. It will always be there.

This post has been edited by wodenus: Dec 22 2016, 08:20 PM

Personal i think for KLSE to regain growth momentum, it needs foreign funds. Local funds are the 'follow the wind' type, unlikely to take the lead.

It needs another quarter or so.

Unless we get capital injection/donation from the rich Arabs. Funds from other countries particularly USA, I think that's unlikely in near term.

We just need to monitor the currency. That the 'wind' indicator.

My 2c.

Well, we did but people didn't like it so we gave it back. Everything got messed up after that. A lot of face was lost I guess, many people got pissed off


This post has been edited by wodenus: Dec 22 2016, 08:32 PM

in that case, you need to buy her only dividend/reit funds...
brainwash her that she can spend all the distribution received, nothing to do with capital gain/loss (for example reit still collect rent and pay u no matter how market judge the stock price).

when you said funds....do you mean Unit trust funds?
if yes,...then "spend all the distribution received, nothing to do with capital gain/loss"...looks like NOT correct-leh...as it will be loss.

Tell her that investments are subjected to a great degree of uncertainty and you can only do your best to maximise her returns


Thats what i told my aunty when she gave me a certain sum of money to help her make the right decisions

the stock/reit the fund buy, suppose will generate enough dividend to pay as distribution,
which theoretically better than these "capital gain" fund.

in developed market, the average dividend yield is about 2%, which the number is at least double in our emerging region,
that should enough to cover the "distribution yield" we received annually.

for unit trust funds...the amount of distribution declared does NOTHING to improve the amount of money that are available to the investor, BEFORE and AFTER the distribution.

hmm.. just to clarify that I am not saying "dividend/reit" fund have better distribution than "capital gain" fund,
what I am trying to say is that the source of money used for distribution for former could largely contributed from dividend received, not selling stock for cash, thus less affected by market fluctuation up/down.
anyway it is fund manager to decide on the distribution.

just my 2cents

This post has been edited by asimov82: Dec 22 2016, 10:40 PM

Can somebody explain to me whether or not there are fees to be paid for switching? Say, I switch from Affin Hwang Select Balanced Fund to Affin Hwang Select Opportunity Fund. Can I switch between the two every now and again with zero fees?

How long does the switching process takes? If say it takes 7 days, will the initial fund continue running for those 7 days, or will it be taken out/removed and then for a few days in between you don't have any active funds collecting gains/losses?

to see affinhwang switching fees ...
https://www.fundsupermart.com.my/main/buyse...do?code=MYHWDBS

the whole process takes a few days to be reflected in your a/c
therefore your "switching every now and again" would have to be at least a min few days apart.

if you want to switch A to B
there is a transaction date.
example,
if transaction date is 25 Dec (for some funds it may not be on the same date)
the NAV of A on 25 Dec multiply by the unit available in A = amount A
on this 25 Dec, this amount A would be used to buy B on NAV on 25 Dec
thus A will then ceased to exist but B would starts to collect gains/losses.

So it appears most funds from most companies have no switching fees...is that correct? I am reading the prospectus of certain funds, like those from CIMB, and they contain this extremely ambiguous line:

"Since switching is treated as a withdrawal from Class MYR and an investment into another
class or fund, you will be charged a Switching Fee equal to the difference (if any) between the
Application Fees of Class MYR and Application Fees of other class or fund. Switching Fee will
not be charged if the class or fund to be switched into has a lower Application Fee. In addition,
the Manager imposes a RM100 administrative fee for every switch made out of CIMB-Principal
Funds. The Manager also has the discretion to waive the Switching Fee and/or administrative
fees."

What does CIMB mean by that?

Also, if there is no switching fee on FSM for a certain fund, would it be the same on other unit trust management platforms such as M2U?

If there are switching fees involved, is it solely the responsibility of us to find out (by reading prospectus etc), or will the fees be stated on whichever platform you do the switching (FSM, M2U etc)?

click on the link provided earlier, select CIMB...then see if you buy from FSM...not sure if you buy from other resellers

This post has been edited by T231H: Dec 23 2016, 12:48 AM

Guys, if I put in RM1000, RM30 which is sales charge and so RM970 is the net initial investment.

How should I calculate my returns after one year? Do I minus 3% from the 1-year performance of the fund (for example, let's say it is 5%)? From second year onwards it is easy - my returns is the same as the returns quoted by FSM/Bloomberg etc. But I'm just wondering about first year returns since it has sales charge.