Since we were speaking about Forex Risk some pages back, I want to ask some further questions:

1) If the Ringgit keeps gaining ground on the USD, does that mean that capital inflow into the local markets could/would increase?

2) If the Ringgit keeps gaining ground on the USD, does that mean that we stand to lose out on potential returns from foreign domiciled funds? (PS: Regional/global funds wholly domiciled in Malaysia like the CIMB Asia Pacific Dynamic Income Fund and the Affin Hwang Asia Ex Japan Select Opportunity should not be counted in this)

Ok, I totally agree that investment is never static.

Which is why I am wondering how come members of this forum thread aren't supportive of and don't practice sŵitching out their funds when it is absolutely clear a certain market is going to tank, even if it isn't just short term (1-3months).

Say we get news in February that due to whatever reason, China's capital markets are going to take a beating for around 3 months. Will you leave your funds in the CIMB Greater China fund, or will you switch it out short term to something else and switch back when the Chinese capital markets recover?

I'm a noob yes (for now), but I am NOT talking about speculation. I am talking about concrete market trends.

Anyway if/when I do such a tactic, I will be sure to update everyone here with regards to its success or failure. I personally think there is margin to eke out even higher returns by doing some minimal tactical switching/redemption/re-allocation from time to time - but I guess I will have to put this hypothesis to test myself.

it is always good to have some contrarians....furthermore I have not done that, so cannot says it will not works out for you....just like forex or other extreme form of investment.

if you are planning to that,...try getting those EQ funds from those FH that has FI funds....it will helps you reduce the SC....(but must have minimum purchase amount)
else you can try the "warp' a/c, which will gives you free unlimited switches.....
ask zuxen about how to get the wrap a/c...he has one.

while planning to do that,...feel free to read this,...

Frequent Rebalancing Improves Portfolio Returns.

You might have heard this one before: Frequent rebalancing to simultaneously lock in profits and dollar cost average into lower priced assets will provide better returns. We examined the myth and here's what we found.
Author : iFAST Research Team

https://www.fundsupermart.com.my/main/resea...lio-Returns-566

If you are the opportunistic investor, I believe CIMB clicks doesn't offer you the best advantagr due to SC (not sure whether they have credit system like fsm)

I will suggest you switch your portoflio to FSM for better flexibility or wrap account to maximize your tactic

In theory your tactic would work, but how certain can you ensure that your decision is right？for me, I do not have the bullet to practice kind of investing That's why I practice long term portfolio constructon

In the end, unless you can certainly predict the movement or with insider news, chances that you will still be speculating and may need experience to practice your investment decision making

If you are certain that the event will happen, I wish you luck, and do share your performance and insight here for everyone to discuss

There are different investment ideology and practice by different people, expect arguement, but don't let this deter you from sharing your POV

Guys, I think this Saturday I can make some funds available to put into FSM. I haven't created an account yet (want to do it as late as possible to stretch out the one month 1% promo charge).

So just some quick questions to get an idea by when I should do the following:

1) Is the account creation process instantaneous or takes a few days? When to get started?

2) Is it instant to transfer funds into FSM or takes a while? When to do this if I want to have a certain amount of funds available this coming Saturday?

Thanks!

If you really plan to do that, you should ask FSM to transfer the holdings over instead of selling in CIMB clicks and re-purchase in FSM. Not only you lose out on SC, you'd also lose out on timing which you emphasis so much of

Bro can you please calm down? I haven't done anything. My initial portfolio investment was with the long term in mind. The idea to switch in and out came after that.

agree with dasecret Diy unit trust investment can be a double edge sword and if you do not understand the basic fundamentals of it and how it works, you may be making big returns only to see most of the returns go into service charges, frequent switching fees and timing the market wrongly.

the way I see it,  every ripple be it brexit, trump and wars are just small ripples made in a vast ocean. think far and long term. have a diversified portfolio and ride out the waves, gain experience from it.

contestchris you are very new and very young, it explains the way you are investing. a fire brand. some of the guys and gals here have been at it for years so don't take it personally when they offer their advise. it may seem harsh but we gain nothing from helping each other so patience. I see you diving into stocks in the sub forum and you opened multiple threads.

you are playing a very dangerous game there buddy. just take a breather. you have many years ahead. room to grow. don't rush.

so I suppose the majority of foreign investors already left the position from the bonds, is it now a stable platform to move back into bonds?
I wouldn't expect 8-10% / annum, but is it still possible to get the above 6% returns?

Looking at Eastspring bond fund and Libra Asnita.

Rebalance; take profit from funds that overperform and put in the currently underperform segment

If there's laggard performer in the selected fund, switch to a better fund in the segment

Example for the portfolio I manage for mum, every cny I'd take profit from the funds to balance it back to intended allocation; the excess would be 'dividends'

I switched out of RHB ATR into Affin Hwang Select bond in favor of its lower volatility - it achieve taking profits from RHB ATR and switching into a better fund (IMO)

Guys, I've been doing some thinking, and it seems like to get a high annualised return it is better to focus on only a few funds, rather than having a portfolio of 8-15 funds.

Currently I have nine (2 MY, 1 Asia, 2APAC, 1 GC, 1 EU, 1 US and 1 Global).

Of course in such a portfolio as above it would be hard to make a net negative return annualised, but the returns will be cancelled out by over and under performing funds and you get a mediocre value.

Would it be better to consolidate them to 3-4 funds max? I'm thanking 1 MY, 1 APAC, 1 Global/US/EU and 1 Emerging Markets (discrete case or general case). MY and APAC to be permanent funds, the other two to be tactical with periodic revisions as and when needed.

Of course I won't change things now, I bought 9 to learn about the various regions. But in a year's time I would want to consolidate things to maximise and streamline my returns.

Would love to hear from those who have and believe in smaller portfolio vs those who have and believe in a larger portfolio.

every quater of half quater u will received a email abt platform cahrges. It will auto sell ur CMF and pay it. if u have no money in CMF, they selll ur bond>balance>equity.

Q: WHEN DO I NEED TO MAKE PAYMENT FOR THE BOND FUND PLATFORM FEE?

A:
The deduction date of the bond fund platform fee is on the 16th of February, May, August and November for the respective quarters as shown in the table below.

Prior to the deduction date, FSM will email an invoice in the end of January, April, July and October to notify account holders about the bond fund platform fees. FSM will not send out physical invoices.

Please ensure that you have sufficient monies in the Cash Management Fund by 12th of the deduction month if you do not wish for the units in the best performing fund to be deducted.

Below is the bond fund platform fee schedule and you may refer to the last column for the deduction date of the bond fund platform fee.

http://www.fundsupermart.com.my/main/artic...814/MY/faq3.png

technically not.
I remember been reading FSM topic about short term investment and long term investment.
You saved the platform chance by keep buying and selling. but you dun knw will you loos the chance of good return, may rebuy in higer price but sold at cheaper price, end up loos more

I sold off my anita last month, but they didnt straight deduct my fee from CMF, guess that as long as you still have fund with FSM, you will still follow the schedule

when we send our vehicles for servicing we get leather wallets and Keychain but then again we don't have 100k to 200k in fsm so just be happy we get ang pow packets  from them. lol.

After taking your advice I read the product sheet of kenanga growth vs affin hwang to understand more and decide to go with affin due to they invest in larger market segment. So the fund manager have flexibility to invest other market if one is going down. For kenanga only invest Malaysia the fund manager will have losing options when Malaysia market down.

Am I doing it right?

Thnx for clarify. Another question after read the fund fact sheet it mention "as the fund is to achieve medium to long term capital appreciation the fund is not expected to make distribution."

What does this mean? As what I understand from mutual fund is at end of the yr, they will distribute dividend and reinvest back then I will gain in total units. Does this mean I buy 100 units and at end of 10 yr I still remain 100 units? Like that not worth la

Ok I think I get it. So I shouldn't compare mutual investment to the compound interest from fd. I think I mix up the concept.

For fund if have good return and suddenly 1 yr drop big % I might lose all my gains through previous year. So isn't it long term invest will have higher risk for a big market drop?

So the annual returns we talking about never actually mean anything until we sell?

Ok I think I get it. So I shouldn't compare mutual investment to the compound interest from fd. I think I mix up the concept.

For fund if have good return and suddenly 1 yr drop big % I might lose all my gains through previous year. So isn't it long term invest will have higher risk for a big market drop?

So the annual returns we talking about never actually mean anything until we sell?

Ok thnz Sifus for taking time to reply
Noob like me. I think I'm getting expert liao.
The principle I should use here is the dollar cost average instead of compounding.

Anyone research before which has better return over long run? I mean slow steady compounding over 20 yrs with 6% return in amanah saham or dollar cost average over long term in the market?