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

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TSAIYH
post Nov 3 2016, 07:09 PM

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QUOTE(Avangelice @ Nov 3 2016, 06:43 PM)
there there bro. I always emphasize that everyone should have a career invested in skills. skills that machines find it hard to replace. like a physical therapist, chiropractor, surgeon,carpenter/repair man and even cement layer.
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I am surprise actor has a 1/3 chance sweat.gif
dasecret
post Nov 3 2016, 07:19 PM

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QUOTE(T231H @ Nov 3 2016, 06:32 PM)
for those that are interested in economic & strategy....
Schroders: Economic and Strategy Viewpoint [3 Nov]
https://www.fundsupermart.com.my/main/resea...int-3-Nov--7656

depressed seeing from 1 of the chart/data.....my jobs got 50/50 changes of being replaced by robots....
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Wah boss, you are a pilot? notworthy.gif

Don't complain ok, mine is at 94%
But we had this conversation amongst colleagues, the truth is not all accountants and auditors can be replaced by machines, you still need people to determine what scope/processes that the machines need to do and I have the skills to do that. It takes human to catch a fraudster... machine cannot do it without the human input
wongmunkeong
post Nov 3 2016, 08:02 PM

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QUOTE(Ramjade @ Nov 3 2016, 05:18 PM)
With EPF,  you are confirm to get + 2% above inflation. With UT you can get 10%, promo rates FD, board rates FD, 1% or even worse (-).

Those want higher returns will withdraw from EPF. But it's entirely your choice.

Money goes back into EPF.
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er.. where did U pull that "With EPF, you are confirm get +2% above inflation"

http://www.kwsp.gov.my/portal/en/member/fa..._viewMode=print
"..
Under Section 27 of the EPF Act 1991, the guaranteed minimum dividend rate is 2.5% per year on members' savings. As such, members are guaranteed to receive the minimum dividend rate in any situation.
.."

Different country's EPF or new syariah compliant wan izzit?

This post has been edited by wongmunkeong: Nov 3 2016, 08:02 PM
xuzen
post Nov 3 2016, 08:03 PM

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QUOTE(dasecret @ Nov 3 2016, 07:19 PM)
Wah boss, you are a pilot?  notworthy.gif

Don't complain ok, mine is at 94%
But we had this conversation amongst colleagues, the truth is not all accountants and auditors can be replaced by machines, you still need people to determine what scope/processes that the machines need to do and I have the skills to do that. It takes human to catch a fraudster... machine cannot do it without the human input
*
Some tok-kok:
» Click to show Spoiler - click again to hide... «


Xuzen
Ramjade
post Nov 3 2016, 08:16 PM

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QUOTE(wongmunkeong @ Nov 3 2016, 08:02 PM)
er.. where did U pull that "With EPF, you are confirm get +2% above inflation"

http://www.kwsp.gov.my/portal/en/member/fa..._viewMode=print
"..
Under Section 27 of the EPF Act 1991, the guaranteed minimum dividend rate is 2.5% per year on members' savings. As such, members are guaranteed to receive the minimum dividend rate in any situation.
.."

Different country's EPF or new syariah compliant wan izzit?
*
Here you go.
QUOTE
Shahril says the fund will continue to deliver real rate of return of at least 2% above the rate of inflation.

“So we expect, with all these challenges, to continue focusing on the inflation plus 2% to ensure that we can deliver real growth for our investors and members for a very long period of time,” he says.

http://www.thestar.com.my/business/busines...ey-into-stocks/

wongmunkeong
post Nov 3 2016, 08:30 PM

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QUOTE(Ramjade @ Nov 3 2016, 08:16 PM)
Here you go.
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so.. it's just based on "he says"?
and using that as a basis of truth
and also telling others that too instead of the legal/contracted as the "confirm can get"?

cool thumbsup.gif
makes it easier for others to "make $"
TSAIYH
post Nov 3 2016, 08:47 PM

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QUOTE(dasecret @ Nov 3 2016, 07:19 PM)
Wah boss, you are a pilot?  notworthy.gif

Don't complain ok, mine is at 94%
But we had this conversation amongst colleagues, the truth is not all accountants and auditors can be replaced by machines, you still need people to determine what scope/processes that the machines need to do and I have the skills to do that. It takes human to catch a fraudster... machine cannot do it without the human input
*
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

This post has been edited by AIYH: Nov 3 2016, 08:49 PM
Ramjade
post Nov 3 2016, 09:12 PM

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QUOTE(wongmunkeong @ Nov 3 2016, 08:30 PM)
so.. it's just based on "he says"?
and using that as a basis of truth
and also telling others that too instead of the legal/contracted as the "confirm can get"?

cool  :thumbsup:
makes it easier for others to "make $"
*
http://www.thestar.com.my/news/nation/2016...flation-plus-2/

Since 2015.
https://www.imoney.my/articles/highest-epf-...declared-at-675

This post has been edited by Ramjade: Nov 3 2016, 09:17 PM
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
*
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
TSAIYH
post Nov 3 2016, 09:53 PM

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QUOTE(puchongite @ Nov 3 2016, 09:52 PM)
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
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Should I say, Malaysia Culture for that? laugh.gif

But we should see that coming within 5 to 10 years tongue.gif
wonglokat
post Nov 3 2016, 09:56 PM

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QUOTE(Ramjade @ Nov 3 2016, 09:12 PM)
He's saying he'll give his best. Historically it's been good but set in stone is the 2.5% guaranteed. Made sense after reading a few times.

QUOTE
All contributions to the EPF will be paid dividend and guaranteed by the government at a minimum rate of 2.5%.

nexona88
post Nov 3 2016, 10:16 PM

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Seriously still cannot accept the mistake done by cimb on ponzi 2 doh.gif

Buat malu only blush.gif
Avangelice
post Nov 3 2016, 11:16 PM

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QUOTE(nexona88 @ Nov 3 2016, 10:16 PM)
Seriously still cannot accept the mistake done by cimb on ponzi 2 doh.gif

Buat malu only blush.gif
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seriously how can someone fuck it up and 2 WEEKS straight?

does this happen often? has it happen before?
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
Michaelbyz23
post Nov 3 2016, 11:24 PM

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I dont quite understand, they messed up with the fund size? Meaning what effects will have on investors?
dasecret
post Nov 3 2016, 11:38 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
*
Nice video. Thanks for sharing. And google algorithm showed me this which I think makes a lot of sense too. Machine intelligence work well with existing trends n patterns. Not so much in changing environment. N we as human would need to bridge that gap
https://hbr.org/2016/11/the-competitive-lan...m_medium=social

Anyway, I think politics and socioeconomic will play a role in which field and how quickly automation n replacement of manpower at work. The corporations after all still need humans to spend money so they can make money. N politicians need voters to keep them in office so unemployment rate cannot be too high

So I think within my working life I'd still have my job la. How about you? Do you think machines can replace actuarists?

QUOTE(puchongite @ Nov 3 2016, 09:52 PM)
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
*
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
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
*
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.
wongmunkeong
post Nov 3 2016, 11:49 PM

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QUOTE(Ramjade @ Nov 3 2016, 09:12 PM)
English - no difference between targeted Vs contractual minimum Vs "will get"?
never mind - continue on.. music/pianos & cows..
SUSDavid83
post Nov 3 2016, 11:50 PM

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I found one fund with funny name under Malaysia - General:

Hong Leong Penny Stock Fund
TSAIYH
post Nov 3 2016, 11:51 PM

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QUOTE(dasecret @ Nov 3 2016, 11:38 PM)
Nice video. Thanks for sharing. And google algorithm showed me this which I think makes a lot of sense too. Machine intelligence work well with existing trends n patterns. Not so much in changing environment. N we as human would need to bridge that gap
https://hbr.org/2016/11/the-competitive-lan...m_medium=social

Anyway, I think politics and socioeconomic will play a role in which field and how quickly automation n replacement of manpower at work. The corporations after all still need humans to spend money so they can make money. N politicians need voters to keep them in office so unemployment rate cannot be too high

So I think within my working life I'd still have my job la. How about you? Do you think machines can replace actuarists?
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That is when AI was still replying on retrospective algorithm, which I think AI now has some development in prospective learning, which allow them to learn what they haven't experience

Social and political factor are important, but judging on how fast technology advance, I wouldnt feel surprise if economics and finance are the priority consideration that massive retrenchment becomes inevitable

Just think about 10 years ago when smartphone was pretty much limited to basic tasks, you would not imagine now with android and iOS, everyone regardless of age stick to their smartphone and tablet

10 years ago, IT in banking was pretty much at its infant stage, and now they are almost convenient enough to start ditching out traditional banking methods, even the rise of fintech is starting to challenge the status quo of financial instituition

So is really hard to imagine how 10 years later will be laugh.gif

That's why aside of being profecient in one's field, we must also able to integrate other fields and skills to bring more value into our work, so that we can provide more sophisticated product and solution which AI hard to replace (although by the time u can do it, AI had already outsmart you laugh.gif)

I will say eventually they will, just hopefully not within these 30 years (let me retire first which is 30 years later laugh.gif)

This post has been edited by AIYH: Nov 3 2016, 11:52 PM

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