Yes, also drop. But there is a different.

Unit trust price drop is linearly reflected because the NAV is total net asset divided by total units outstanding. Very mathematically straight - forward.

Stock price is based on willing buyer - willing seller concept.

Lets say counter A is trading at RM 1.00 cum - dividend. And on such and such a date give a dividend of RM 0.05 per share. By right the next day at ex-div, the bid price should be RM 0.95. But let's say some dungu blur blur go and key in a buy at RM 1.05. There will be lots of smart uncle and auntie who will be willing to sell to you at RM 1.05 per share.

Let's say it is done, then the immediate last done price would reflect RM 1.05 and not RM 0.95 anymore.

Hence stock price is very much sentiment driven. Understand boh?

Xuzen

This post has been edited by xuzen: Jan 2 2017, 02:46 PM

Pokémon player meh? Gotta catch em all™?

I participarte up to four unit trust fund only nia....

Avangelice,

I am topping up again on AM Reits & Manulife US.

Selling / taking profit on Manulife India. Using the profit from India to top up on AM Reits.

Xuzen

One is focused mainly on dividend counter, while the other is growth focused..

Forgetaboutit kay? Just stick with Lee Sock Yee

Lee Sock Yee Unit Trust Fund is attractive because;

I) Lee Sock Yee is awesome

II) This Unit Trust Fund has won best Malaysia Equity fund for five and ten years category as awarded by Lipper

III) This fund is awarded five stars by Morningstar rating agency.

IV) It is on the Fundsupermart Recommended List for a long time already.

V) Most importantly it achieves Xuzen seal of approval

KGF & Kapchai fund are not doing well currently because Bolehland is going through a rough time. It is a systemic issue, meaning it affects all the Unit Trust Fund that is 100% exposed to Malaysia stock market.

Please bear in mind, previously from mid 2013 to early 2015, Kapchai return was phenomenal, making many of us here very happy. Double digit ROI every year.

Stay in the market friend, enjoy the ride, it can be scary and awesome. You need Balls.

If Trump effect continue, all emerging market will be hit. Malaysia is consider part of emerging market.

This post has been edited by xuzen: Jan 5 2017, 12:49 AM

Peruntukan maksima ialah lima belas peratus pada waktu ini.

This post has been edited by xuzen: Jan 5 2017, 12:39 AM

Yer havta ask yerself, are yer feelin lucky punk?

Y u no liek Manulife US Equity or TA Global Tech wan?

This post has been edited by xuzen: Jan 5 2017, 09:52 PM

I git oft my lazee arse and started to track me portfolio performance again.

Four months into it, and so far the results are nort amazing reely.. Tis is three percent gain in total so far.

I blame it on Trump reely. If not fer that fat blond old bloke, it could have been double dat reely. Oh well! F3ck1ing H3ll reely.

Xuzen.

This post has been edited by xuzen: Jan 5 2017, 09:55 PM

Pray tell Padawan, where and how to trade stocks or counter that are in the business of gold? Tomei? Poh Kong? BHP Biliton?

Xuzen

US exposed equity fund for me is purely a MYR/USD forex play. Yes, S&P is now trading at around 20 times PER. This is above average. Meaning the index is expensive. But, USD is expected to strengthen against MYR in the short to mid term it is an opportunity to grab some action. Personally I am capping my US exposure to 15% of my portfolio only.

Xuzen

This post has been edited by xuzen: Jan 7 2017, 03:11 PM

I am entering AM Reits using DCA method. I am participating in Am Reits Unit Trust Fund because my view is that REITs is like fixed income play. It centers around interest rate. Currently, the noises swirling around is on US rate hike, not Asia - Pacific rate hike. Since the REITs are mainly Asia-Pac, then the rate hike is less pronounced here. Alternative view, you may see this AMReits as Asian High Yield Non-Investable Grade bonds aka Junk bond similarity. But if you put the RHB ATR & RHB EM Bond fund risk to reward profile against AMReits, AMReits wins hands down. This is just my personal view.

If you notice my last six months pick are mainly defensive / dividend type funds. Algozen™ is programmed to favour stability (aka dislike volatility) rather than chase return. When market is more stable then perhaps I will go towards more risky assets. All this will depend on what Trump real execution style will be like when he is actually The POTUS. Currently, technically, Obama is still the POTUS.

Xuzen.



This post has been edited by xuzen: Jan 7 2017, 03:47 PM

Not this year. Indicators are all pointing towards a US rate hike which will make USD continue to strengthen against MYR.

Furthermore Trump has said he wants to reduce US corporate tax, and if he does, then the US corporates will have improved earning, and when earning improve, PER will drop, and when PER drops.....

Xuzen

Yes, I do consider TA GTF as part of my US exposure. Recall that previously I have said that TA GTF is 75% exposed to US stock market.

Xuzen

Lets say you participate in a unit trust fund that is 100% buys into US stock market.

Lets say that the fund manager instruct the trustee to disburse MYR 100K to buy Pfizer Inc (the maker of Viagra tablet). Let's say currently USD is trading USD 1.00 to MYR 3.80 lah! MYR 100K will then after forex conversion = USD 26K. Hence this means that the trustee would have bought USD 26K worth of Pfizer stock.

Let's assume the stock price of Pfizer does not move at all. But the USD has move upwards to USD 1.00 to MYR 4.50. Now, that USD 26K worth of Pfizer stock becomes MYR 118.5K. That is a 18% increase in NAV.

What if Pfizer Inc did well and declare good dividend leh? Then the NAV lagi naik. And vice-versa.

Understand boh?

Xuzen

Yes.


Yes.


That is why when you buy a foreign asset exposed unit trust fund, an additional risk will be borned by the unit holders i.e., forex risk. Welcome to the world of international finance. Exciting isn't it?

Xuzen

This post has been edited by xuzen: Jan 7 2017, 03:40 PM

Show me the data and let me understand where you are coming from...

I stacked the mother - daughter mutual fund on the same graph and I see that as of 5/1/2017 there is a 6% gain in favour for the local daughter fund. Why it is only 6% extra gain and not more, I can only speculate that perhaps the local fund manager may have done some forex hedging or some manipulation. At this juncture, I am merely speculating. Why don't you write in to the fund manager Mr Cheah How Hoe or his boss, Mr Ho Seng Yee for clarrifcation, you have a legit question.

Xuzen

P/s I am not a unit holder for RHB US Focus, however your question pique my curiosity and I did the same stacking with my US fund, that is, Manulife US Equity fund which is the daughter fund for Pioneer US Equity. The result is in line with my earlier assertion that the USD/MYR forex gave the fund some extra gain over the mother fund.

This post has been edited by xuzen: Jan 7 2017, 08:05 PM

If USD strenthen against MYR, those NAV of USD denominated unit trust fund will increase and if the converse happens, then the reverse will happen also. Since you are a finance noob, learn this mantra and repeat it 10,000 times a day,



Xuzen

P/s Let us take a trip down memory lane and think about it at a moment. Rewind the clock and go back to 1991 during the first gulf war, it was around 2.50 MYR to one USD wasn't it?

I remembered that USD was plunging. Oil price was shooting up the roof! MYR was so strong. If during that period, would you buy M'sia stock market or US stock market? In 1990, our KLSE index was around 600pts, it went up and up and by 1997, just before the Asian Financial crisis, our KLSE was in 1,200 pts territories....

During that period, would you have thought about investing in US stock market?

What I am showing you is that investment is never static, currently, we are licking Uncle Sam's balls now, but there was a time, foreigners were licking our balls.

Who knows in some future time, we may all be talking about investing in the Kingdom of Wakanda stock exchange and we may be rushing to buy their currency, Vibranium Dollars.

This post has been edited by xuzen: Jan 8 2017, 11:56 AM

Spoken like a true noob.....Haven't you heard of a Chinses saying, "If we know everything in advance, in this world there will not exist beggars".

Do you have a crystal ball that works 24/7?


This post has been edited by xuzen: Jan 8 2017, 01:34 PM

This reminds me: I was right on Brexit, or I felt lucky!

On the US Election, I was wrong, I bet on a wrong horse. I bet that Clinton would win.

Because of this, my port suffered and whatever gain I made prior between Brexit and POTUS election gone back to square one.

Xuzen