I will make a suggestion that people shouldn't buy Greater China fund for now. It seems to be very highly priced, gaining 8.5% (!) in just the past month. There will be an eventual dip...wait for that, then go in. Or I could be wrong and it just keeps going up for another month...I don't know.

ImportAnt the 10 year history it give good return right? Cos temperAry up down is expected for equity fund.

Friend, you are so noob in finance, if want to explain to you will take three months to half a year. So lazy to explain to you now. CNY wor... busy eating bagua and prawn keropok to entertain you.

Kong Hei Fat Choy!

Xuzen

Post #1 already have a simple explanation of what is IRR

Falling which, Google is your best friend.

Don't sit in the driving seat until you get the basics right. You are like an individual who couldn't tell between a brake pedal and an accelerator pedal attempting to drive now.

Nah you confusing the situation here. Before getting on one of the many buses you need to know who's driving it, if the engine has been maintained or not, which route will it take. You can not just blindly take a word of a total stranger or worst listen advise of an experienced traveler and furthermore go diew them again because you believe you are right.

Me too. In mutual fund y don't get to choose where to go. U can only base on historical performance. If fund manager decides different then u will be end up elsewhere. Buy stocks different cos u r in control.

Dear All, I have a few legit questions. 

1) If I already have funds in Public Mutual Berhad which are none of those listed on FSM, can I switch them to any of the ones in FSM?  Or do I have to cash out then in again (which might not be the most economical way)?

2) For those who have experienced both, how does PMB compare to FSM in terms of long term net profitability?

2) What is your take on PRS?  Apart from the RM1000 incentive from government, does it worth going long term VCA for PRS?  Which is the best PRS fund available now on FSM?

Thank you.

Welcome aboard, fish. As long as you start today. Younger fellas will regret not starting earlier. Young adults will regret not starting when they're 19.

I've been in this about 2 years now and I'm building a pile for my old folks. We all have different goals and coupled with sound plan + disciplined lifestyle, I'm sure it can be reached.

Don't forget your 30 days discounted SC. Happy investing.

It is easier to see the compounding effect in savings and other financial tools that give continuous growth. To be clear, compounding simply means not taking out the interest or growth. Hence, in FD, it simply means leaving the interest together with the principal for another year.

Similarly, in variable priced UT, there is compounding effect too if its growth is not trim. But of course, it is harder to see this effect since equity funds are volatile and can be having a negative growth as well as positive.

CAGR and IRR are just measurements - giving the same thing, which is the effective rate or annualised rate. Similarly in step up FD rates with different interest rates every month, the effective rate is the actual rate of return at the end of the FD tenure.

CAGR usually means the effective rate of a transaction, ie. a single purchase of a UT fund. While IRR usually means the effective rate of a bunch of purchases, bought at different times.

Check out the simple CAGR formula to calculate the effective or annualised rate. As you can see, when the purchase is held more than a year, its effective rate is not simply derived by dividing the ROI% by the number of years.

Similarly, when there is more than one purchases of the same fund or various funds, with each having a different CAGR rate, we cannot simply added up the CAGR rates and then divided it by the number of purchases to get the effective rate or IRR.

The formula to calculate the IRR is a bit more complicated than the simple CAGR formula. But this is easily done by using a Excel speadsheet, and its XIRR function.

Come on man. The main idea here is to outperform the "base" fund in whatever period of time (1 week, 2 week, 1 month etc). Outperform, even by just 0.5%, is good enough. Outperform can also mean negative.

Say I have a CIMB Global Titans. I switch to CIMB Australian Equity. From the time I switch out to the time I switch back in, CIMB Global Titans makes a 0.8% loss. In that same time CIMB Australian Equity makes a 0.3% loss. It means I "gained" 0.5%. It sounds like a small thing to you, but if every year I can make an additional 0.5% from switching...walao, the compounding power is huge.

Example:

RM1,000 at 9.0% for 30 years = RM13,267
RM1,000 at 9.5% for 30 years = RM15,220

Of course, today I did my first ever switching. And of course, I don't intend to just gain 0.5% only. But let's just see. This is theory for now. Can it happen? Everyone here seems to think not. I'm going against the grain, for better or for worse, and will share my experiences and outcomes.

Well, that's then both good and bad, if used correctly. If ALL global markets are falling for two days in a row (like Monday and Tuesday) it can be used as a tool to make no losses for at least that one day.

But I think this is a FSM limitation. CIMB Clicks doesn't say anything about it and I believe they should transact the buy and sell switch order at the same time.

Also so far all three of my switches are already making money. Due to today's holidays, I can only gain control of my switch next Monday. Will switch back to Greater China and Global Titans then and let you guys know what the results are. I am still holding off on going back to TA European as there seems to be some weakness in European for now.

Eh, I have done my research beforehand. What are my other options? Buying and selling ETFs on the US markets is very costly.

Here, at the very least my money is secure with fund managers who know what they are doing.

Sure if I was a millionaire I will cut the middle man, but with my measly thousands of ringgit I a man just a small fish.

I've spent the last month researching about Fund performance behaviour. I emailed Schroders, Principal Global and Henderson Horizon to ask about their fund pricing timing.

The money floats for 3 business days. The switching in and out is done on that same day. The valuation of the fund can be estimated based on its correlation to the benchmark and by studying stock market futures.

If my "base" and original fund portfolio makes 8% and if I can just eke out 1-2% a year, it's good enough. But based min my research even more is possible if you understand the market. Already I think based on today for the switched funds I gained about 0.7%, so there's that.

If you can get it right most of the time, its not a measly 1-2% gain. Almost every months in a year, there are funds gainiings 2-5% easily. Get it right 10 out of 12 months, you looking at not less than 20-50% gains.

No pain, no gain.

The main point is that it is free switching. Don't have to input other factors, like how much it would cost to do any trading, how much is the minimun amount to switch to breakeven, etc. etc. The only input is the "market" or index. And only need to speculate on it and how it will be for the next 2-3 weeks.

As in all speculations, you don't need to bet your entire fortune into the gamble. But when betting small, win small. So it depends on how greedy you are and how willing you want to take the risk to win big.

Most of the time, people go broke because they thought they have a fail-proof system. They first do it on paper or in small sums over a long trial period, then go big when they thought they have fine tune and perfected their system.

Then wham! What they expected to happen, did not happen.

Well, that's then both good and bad, if used correctly. If ALL global markets are falling for two days in a row (like Monday and Tuesday) it can be used as a tool to make no losses for at least that one day.

But I think this is a FSM limitation. CIMB Clicks doesn't say anything about it and I believe they should transact the buy and sell switch order at the same time.

Also so far all three of my switches are already making money. Due to today's holidays, I can only gain control of my switch next Monday. Will switch back to Greater China and Global Titans then and let you guys know what the results are. I am still holding off on going back to TA European as there seems to be some weakness in European for now.

Where have you been ? He is not even on FSM. He is on CIMB Click, oh yes, he is doing intra switches. 

It still related to UT. Only different platform.

I don't think that is active. Besides the fund he is asking are all available on FSM and he was told to post here.   

early morning post before i start work. my confession. invest 2 years on and off and my ROI is just around 3.xx% and that young gun got 4.xx% in just 1 month's time. what an amazing feat! however, if you have the time to do the switching and what nots then great, it could prove to be a blessing if it can be done. but for people who just want a 'passive' investment, i will rebalance it when i need to. to each his or her own. if that strategy actually works, he will hold that accolade high and might start a new trend. time will tell my friend, which you all the luck in the world cos God knows you need it more than we do.

er.. IMHO, it will be so rojak that there will be plenty of "i mean x platform" VS "which platform are U referring to" heheh
and the number of clarifications... whoa..
even in the current focused thread, already have some

just thinking la - what is the "reason for existence" of this thread.
if generalized, then better have some sort of structured posting to ensure participants know which platform a post & response is tohking about 

speaking from experience with working with 5 to 6 "different English" - where after a conclusion/decision is made FACE-to-FACE, 10 participants understands 5 variations of the decision & execution 

this wan will lagi be worse coz online with no tone of voice or nor facial expressions to "understand better" what is being communicated vs what is written.