Look out for your transaction cost. If you are tactical type playaz, better to use a wrap account, for that feature allows you unlimited free switching. Think of wrap account like your monthly parking season pass to your condo Parking.

Then you can switch around and perfom tactical hit & run tactic, but it is high risk. Sometimes you can make a wrong call.... like the Trump winning the POTUS. Prior to him winning, you ask ten fund manager, nine of them will say Clinton will win.

Xuzen

This post has been edited by xuzen: Jan 8 2017, 02:02 PM

My port is up again. Asia - Pac has awaken from its slumber. Yay!

But this post let me take you down memory lane for 2016.

Early 2016, we all woke up to a shitty start. China circuit breaker fiasco... remember? All mkt was down, none was spared. It was a sea of red everywhere. Where can you go?

It took about four to five mths to reverse that carnage. Then it was Brexit. But it was not a big issue really except Europe focus fund. This shows really Europe as a world player has diminished role. It did not do any f3cking much.

And the market continue to rally and up and up and up.

I remember in one particular month, my port gave me a return equivalent to my one month salary. Imagine getting an early bonus.

Then f3cking h3ll, Trump won POTUS and my port went south coz I was in the view that Clinton will win the POTUS.I think if Clinton won, my port would have given me a fat fat CNY angpow.

But notwithstanding that issue, I was cash heavy at that time and my port bounce up and down and did nothing much in the rest of Q4. It just moved sideways. As of 31/12/2016, my port gained 3% (4 mths tracking). Oh, well... such is the excitement that comes from investing in risky assets.

Xuzen

This post has been edited by xuzen: Jan 9 2017, 12:16 PM

No take home message, just a taking some veterans down memory lane and also to let noobs know what happened in 2016 in a very nutshell form. No take home message, key note message.

Xuzen

You ain't seen nuttin' yet!

Xuzen

Global funds are benchmarked against MCSI World Index [MCSI = Morgan Stanley Composite Index]. And this index is made up of 55% USA stock market weightage. That is why instead of buying world index fund, you are better of buying USA focused unit trust fund. Or CIMB Global Titan. Those global fund are .... ..... .... buang masa aje.

Xuzen

This post has been edited by xuzen: Jan 9 2017, 09:52 PM

Must be different date. But if in doubt, the own Unit Trust Management Company webpage's NAV should overide any third party website's NAV.

Xuzen

A global fund is made up 75% of the developed market, that is, USA + Europe + Japan = 77% of MCSI World Index. Rest of the World (ROW = 23%). And if a global fund is benchmarked against MSCI World Index, they will most likely be heavy on that three developed market, and CIMB Global Titan is exactly exposed to the three develped market. The rest are just too small to make any impact.

Out of these three developed market, which country in now on a bull run?

Xuzen

Well said friend.

Xuzen

It is syiok again to see the portfolio inching upwards. Asia-Pac ex Japan is pushing forward after it was beaten down during the last two month, immediately after Trump POTUS win.



Xuzen

p/s Port is very green again.


This post has been edited by xuzen: Jan 12 2017, 02:40 PM

If I remember correctly the nickname " kapchai fund" being assigned to eastspring investment small cap fund was the initiative of Avangelice.

This post has been edited by xuzen: Jan 13 2017, 01:52 PM

Friend Contestchris,

Try not to read to many of those so called analyst reports or media reports.

Why?

If you have been long enough as a participant in unit trust fund, you will notice that on the similar subjects, different medias / reports will recommend different sets of action to be taken. Sometimes they are opposite of each other. If you are too reliant on these, you may go mad.

Xuzen

p/s If one possesses the crystal balz™, then it is a different story....

This post has been edited by xuzen: Jan 13 2017, 02:07 PM

AmAsia Reits got Selina Yong as fund manager. :



Manulife Asia Pacific Reits fund got who?

This post has been edited by xuzen: Jan 14 2017, 12:26 AM

Friends and fellow participants of Unit Trust Funds,

1) Today is Sunday, 15th of January 2017 afternoon and after taking a refreshing afternoon nap, my mind in now fresh to write something that I have been thinking on for a while.

2) This topic came about when some of you earlier was talking about volatility and return. We know that for the same degree of return, a unit trust fund that gives a higher volatility is worse for the final future value than another with lower volatility.

3) Now, let us take a look at the first column of a imaginary fund with a return of 10% per compounding period, or perhaps we can take that as per annual return. It starts off with MYR 1,000.00 as initial capital with no top up. Let's say this is a fixed income fund and we get a fixed return of 10% per annum with no volatility, meaning every year is the same ROI. In another word, this fund offers zero volatility / variance / standard deviation / risk.

4) The second and third column is similar an imaginary fund with increasing volatilty as we move towards the right. If you look at the final future value after the tenth year, the fund with the highest volatility has the lowest future value. This phenomenon is called variance drag. This is why, as illustrated, volatilty is bad for a fund and low volatilty is good. This is applicable to buy and hold style of investing or those who do DCA method of investing. Howeverm if you are those trader / speculator / dump and run type, then volatility is your friend and variance drag is of no concern to these type of investors.

Xuzen

P/s For the three imaginary unit trust fund, the simple average return are the same for each fund. The difference in final future value is due to how great the flucuation of the yearly ROI. The greater the flucuation, the lower the final future value.

This post has been edited by xuzen: Jan 15 2017, 05:20 PM


Attached thumbnail(s)

And it is because that no one knows and are purely speculating and guessing, that is why the stock market is so jittery and volatile.

Xuzen

Best in Singapore and JB, and some say Batam!

Xuzen

and this is the reason why I have been harping to select unit trust funds that have above peer sharpe ratio. My personal style is more of DCA, hence this strategy is important.

If you are hit and run type, then you should not be looking at sharpe ratio etc. You will be better looking at Technical Analysis methodology ala KimYee style.

Xuzen

This post has been edited by xuzen: Jan 16 2017, 11:49 AM

What high quality and what high level are you referring to?

All words only, no pixs of Viet Mois also .....



Xuzen

If you scare FSM is virtual, not real, then take a Grabcar and go to Menara Stanchart in KL downtown and say Hi to Jennifer our reliable and trustworthy CIS!

Xuzen

My input:



Xuzen

This post has been edited by xuzen: Jan 19 2017, 02:13 PM

p/s If follow Algozen™ style.... I'd cut it down further to two equities one balanced and one bond fund.