BRIC is a weird focus anyway it's not narrow and it's not wide


This post has been edited by wodenus: Dec 27 2016, 10:11 AM

Probably wouldn't be right, I wouldn't mind but it's not my money

Been to a few, it's mostly marketing, nothing you can't find out from the Edge or online Gift-wise not that interesting, maybe a pen and a cardboard folder with lots of brochures

This post has been edited by wodenus: Dec 28 2016, 03:31 PM

Only a little bit.. 0.5% limited time coupon, and only for the fund houses that are holding the seminar. It's not like you have enough funds to make 0.5% a really big amount, unless you have 10K lying around uninvested (which is silly) it shouldn't matter much to anyone but the people who have large amounts in their savings, or FDs that are conveniently maturing around this time

This post has been edited by wodenus: Dec 28 2016, 03:35 PM

Yup. If you go there you will get a coupon, coupon has a code. Enter the code in when you make your next top-up, you will get 0.5% off For me the 1K top up will only give me a discount of Rm5, not even worth the time and trouble, transport is probably more than that already


This post has been edited by wodenus: Dec 28 2016, 05:38 PM

- deleted -

This post has been edited by wodenus: Dec 28 2016, 07:21 PM

Seriously? that's better than their current promos.. I think that's gold member price already, or maybe even the gold members only get 1% off.

Avangelice would call this a failure, his target is 8% or above

Well how would we know he's not making 400K a year

Well. he could just be bored

Actually that would be 6% out of 0, because you switched everything to the new fund, you don't gain anything from the old fund any more.

Let's look at this by the numbers.

Scenario 1

You start with 10K. It drops to 5K. It recovers and adds 6%. What do you have now? 10K + 6%.

Scenario 2

You start with 10K. It drops to 5K. You switch all your capital to the new fund. How much can you switch? you can only switch 5k you can't switch 10K because you no longer have 10K at this point

So you switch 5K to the new fund. It makes 8%. What do you have now? 5K + 8%

Which one is better?

Do you see the trap here? you look at 6% and 8% and you think, you have done better. But you forget, that you lost 50% by switching, when you could have held on and made 6% out of 10k. Remember your starting point for scenario one is say, X. When it drops to X - 50%, then it recovers to X+6%, your stats will still say 6% profit.

If you switch at (x-50%), you will only switch (x-50%) capital, because that's all you have, because you have to realize your loss before you switch. Now the stats here will play a trick on you. You don't see the actual loss, because as far as new fund is concerned, you are starting with 5K capital. Your old fund is wiped from the table, you don't see your 50% loss, so that is easy to ignore. And then your new fund on the list says 8%.

Later your old fund recovers and makes 6%, and your new fund makes 8%. What you will see on your list is that you have made 8%. Then you look at your old fund at you see that it has increased only 6% from the price you bought in at. And so you think you have made the right decision

If you don't understand this, I'm not sure how to explain this to you any more

Where did Rm50K come from? I think this is an English fluency problem, people don't understand what "drops to" means, somehow it's being translated wrong

It's the way people process language I think.. if I had said.. if your fund drops 50%, your 10K ma become 5K already.. I think that people can understand, but I can't write that way

I think Avangelice will understand this, he's a doctor, and you can't really have English comprehension problems and still be a doctor

This post has been edited by wodenus: Dec 30 2016, 06:46 PM

The one on the left is a 6% gain, no switching (Scenario 1)

The one on the right is scenario 2, a 8% gain after switching at the middle point from Scenario 1.

If you start with 10k, and end with 10.6k, how can that be a 112% profit?

This post has been edited by wodenus: Dec 31 2016, 12:19 PM

Exactly.. some people are already calling it 112℅ profit with very, very few exceptions paper loss is not real loss, otherwise no one would bother to invest at all.. with diversification and time.. there is almost zero chance of losing money long-term

But if you keep switching.. you have 100% chance of losing money. People invest because they can make money long term.. if you look at the long term charts.. you will see that pretty much every fund makes money in ten years' time.

Diversification and time. That always works.

This post has been edited by wodenus: Dec 31 2016, 12:42 PM

Exactly.. if they knew anything, they would be running their own funds

This post has been edited by wodenus: Dec 31 2016, 12:35 PM

But it is the same timeline. it's just that the start of scenario 2, is the middle of scenario 1. Ok for convenience, just remove the "middle" from scenario 2. Now we have the same timeline.

It's comparable because while they don't start at the same time, they end at the same time (which is the time when you retire or whatever.)

So tell me, why do you invest if you are just going to lose money? if you don't think you are going to make money in the future, why do you invest? don't people invest because they think they will make money in the future? they invest because they are optimistic. Otherwise no point right? because you may be losing money for months before you make any.



Hindsight is 50/50.. if you have a crystal ball and you know which funds will make money in the crisis, then you can switch. But if you don't?

You want to know the reality? the reality is that no one knows what will happen in the future. People invest because they are optimistic, otherwise there would be no point. People switch because they think they know what will happen in the future. But if they are being realistic all they will know for sure is that they are going to realize that loss.

Your mum (and I) think that way because we have been through many recessions, enough to know that the markets always go up.



Anything wrong with that? say 100% to be conservative. 2005-2016 is 11 years.

100/11 = 9.09% a year, that is not a bad return and I'm being conservative, it's probably more than 100 and that is if you don't switch

If you put 16K into Eastspring Small Cap in 2005 and just left it there.. it would be worth over 70K by now

That is a 437% return in 11 years, an average return of 43.7% a year.

This post has been edited by wodenus: Dec 31 2016, 08:01 PM

A lot of the people here are just kind of weird.. it's like they are lying all the time. It's like they make their own realities and then talk about them.

And yes, no heart attacks from sudden drops.

This post has been edited by wodenus: Dec 31 2016, 11:52 PM

Sorry, but who are you to declare yourself old or decide what is worth calculating or not worth calculating