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 FundSuperMart v16 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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puchongite
post Nov 1 2016, 07:33 PM

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QUOTE(AIYH @ Nov 1 2016, 07:15 PM)
Ponzi 2.0 these 2 days laosai ka? laugh.gif laugh.gif laugh.gif
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So if one tops up now, is he considered able to time the market or he is trying to catch a falling knife ?
puchongite
post Nov 2 2016, 07:34 AM

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QUOTE(AIYH @ Nov 1 2016, 07:15 PM)
Ponzi 2.0 these 2 days laosai ka? laugh.gif laugh.gif laugh.gif
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QUOTE(puchongite @ Nov 1 2016, 07:33 PM)
So if one tops up now, is he considered able to time the market or he is trying to catch a falling knife ?
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QUOTE(AIYH @ Nov 1 2016, 07:38 PM)
I don't know unless I know what caused the drop hmm.gif

Like my first RSP into kap Chai fund right before the ulicorp laosai sweat.gif

As for me, I will stick to periodic dca regardless of the fluctuation (unless promo near RSP yet didn't touch RSP laugh.gif)
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The europe atock started green and turned totally red and us market continues to be red.

So this is indeed a laosai. Is not going to stop so quickly ?
puchongite
post Nov 2 2016, 12:04 PM

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QUOTE(Ramjade @ Nov 2 2016, 12:00 PM)
Me. biggrin.gif
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Perfect timing of the market ?

This post has been edited by puchongite: Nov 2 2016, 12:04 PM
puchongite
post Nov 2 2016, 12:07 PM

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QUOTE(Ramjade @ Nov 2 2016, 12:05 PM)
Precisely. Will keep balance for results of election. You cannot buy at the lowest buy you can buy when it's low.
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But seriously how much bullets you have ? Or your top up is just small amount each fund each time ?
puchongite
post Nov 2 2016, 12:14 PM

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QUOTE(T231H @ Nov 2 2016, 12:08 PM)
hmm.gif  hmm.gif from another perspective....
the % of losses incurred from top up amount is definitely less than the amount of losses incurred from the current portfolio......
so what you gonna do?.....
still gung ho from holding current allocation or escape a larger portion to CMF?  devil.gif
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True. The top up is lesser of a concern. Even if the top up was made at a good timing or bad timing, the overall impact should be much less significant.

Now is whether you want to run or stay put. LOL.
puchongite
post Nov 2 2016, 03:34 PM

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QUOTE(Avangelice @ Nov 2 2016, 03:30 PM)
but has rhb islamic bond fund ever failed in hitting predicted returns? that's the question.
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To complicate the matter, please also look at Affin Hwang Select Bond Fund ? Performs better than rhb Islamic bond right ? blink.gif
puchongite
post Nov 2 2016, 05:18 PM

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QUOTE(Ramjade @ Nov 2 2016, 05:08 PM)
Not to start a fight, become part of the reserve. When will reserve be used?
(i) to topup dividend declared so one will always get 6.xx% p.a
(ii) to pop up the NAV so it's always RM1.00

Source:
From insider who said that's how they work (few months thread back)

So are you entitled to the reserves?
- Yes when Malaysia economy is bad, everyone getting (-) returns the holder will still get (+) returns.
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Like that also can ? Reserve is not a fair system for people who enter the market at different time !
puchongite
post Nov 2 2016, 07:50 PM

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QUOTE(prince_mk @ Nov 2 2016, 07:47 PM)
what do you guys topup this week ?

Ponzi 1 and Ponzi 2 only ?
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Laosai not stopped yet. You want top up so fast ?
puchongite
post Nov 2 2016, 07:56 PM

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QUOTE(AIYH @ Nov 2 2016, 07:52 PM)
Both Ponzi 1 and 2 has turning point NAV @ 31st October laugh.gif

AmAsia rising laugh.gif
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Today's market is still red in asia and europe (so far). For me there is still no light in the tunnel.
puchongite
post Nov 3 2016, 10:29 AM

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QUOTE(AIYH @ Nov 3 2016, 10:15 AM)
Kenanga and Eastspring always released the NAV very quickly (i.e. today morning already released yesterday's NAV) smile.gif

Malaysia Lao Sai also it seems laugh.gif
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Certainly it is not something limited to ponzi 2.0 or asia pacific funds. This is world wide.

This post has been edited by puchongite: Nov 3 2016, 10:32 AM
puchongite
post Nov 3 2016, 11:47 AM

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QUOTE(Vanguard 2015 @ Nov 3 2016, 11:42 AM)
My reinforcements have arrived. Eastspring Bond Fund.

I switched out a small portion into 2 new funds, Eastspring Investments Global Emerging Markets Fund and Eastspring Investments Global Leaders MY Fund.

Buy! Buy! Buy! Ala Pokémon.
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Good choice, I support ! Maybe more can be allocated to the GEM. rclxms.gif
puchongite
post Nov 3 2016, 04:45 PM

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QUOTE(Avangelice @ Nov 3 2016, 12:13 PM)
http://www.independent.co.uk/news/world/am...t-a7392711.html

Global markets in 'early stages of panic' after poll gives Donald Trump lead

how the US presidential election does effect global  economy.
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So who will actually win ?

If Hillary wins, the market will probably climb up immediately after election.

If Trump wins, the market will slide further for another unknown time.
puchongite
post Nov 3 2016, 06:06 PM

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QUOTE(AIYH @ Nov 3 2016, 05:50 PM)
2 weeks of pricing error...
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So unprofessional. I remember making a comment that they could have made an error when the market was going down badly they could still register high return.
puchongite
post Nov 3 2016, 06:10 PM

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QUOTE(wankongyew @ Nov 3 2016, 05:38 PM)
So CIMB-PRINCIPAL ASIA PACIFIC DYNAMIC INCOME FUND just announced a pricing error. How can they possibly be so unprofessional? Plus look at the announcement letter. COMPUTER GENERATED NO SIGNATURE REQUIRED. How can this possibly be automated? Stupid manager just come clean and put his or her name on the mistake.
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Totally disappointed with them. vmad.gif
puchongite
post Nov 3 2016, 09:52 PM

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QUOTE(AIYH @ Nov 3 2016, 08:47 PM)
Then I believe you underestimate the potential of Artificial Intelligence laugh.gif

I will post a video here: https://www.youtube.com/watch?v=7Pq-S557XQU

Wiki and some reference : https://en.wikipedia.org/wiki/Humans_Need_Not_Apply

In short, we will eventually be replaced, is just a matter of time sad.gif

EDIT : kinda hard to imagine one day we will invest in mutual funds managed by AI  innocent.gif
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Not when they still create so many manual entries and calculation errors.

P/s: still quite sore with Cimb ponzi 2.0 error. Feel like being cheated. vmad.gif
puchongite
post Nov 3 2016, 11:23 PM

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QUOTE(Avangelice @ Nov 3 2016, 11:16 PM)
seriously how can someone fuck it up and 2 WEEKS straight?

does this happen often? has it happen before?
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They fucked up the fund size and did not notice it for 2 weeks, while we in this forum noticed something weird on the very first day (12th oct) already. One can check back the previous thread, our discussion were all there recorded. Everybody was dropping their Nav on that day except ponzi 2.0 increases a lot instead.

This post has been edited by puchongite: Nov 3 2016, 11:24 PM
puchongite
post Nov 3 2016, 11:43 PM

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QUOTE(dasecret @ Nov 3 2016, 11:38 PM)

Finally read the mail. Actually the party bearing losses is the management company. For investors who sold, they won't need to refund the extra they got. For investors who bought, they will get the correct units based on lower pricing.
Quite unacceptable but ultimately investors don't lose. So hopefully the asset management company learn a lesson
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The impact is more that what accurate refund can cover, as the Nav was overly inflated and that painted some wrong impression to investors which can affect their investment decisions.
puchongite
post Nov 4 2016, 08:54 AM

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QUOTE(AIYH @ Nov 4 2016, 07:41 AM)
Wa, if by that time you sell off all your holdings in that fund, how are they going to charge you?  shocking.gif
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They have your IC, address and phone number.
puchongite
post Nov 4 2016, 09:33 AM

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CIMB is unable to update their funds Nav now. No Nov 2nd Navs.

This post has been edited by puchongite: Nov 4 2016, 09:35 AM
puchongite
post Nov 4 2016, 09:39 AM

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QUOTE(vincabby @ Nov 4 2016, 09:34 AM)
hopefully short term.
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If you accept that it is short term, then it is an opportunity. drool.gif

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