Hi just to answer your question... there's no right/wrong answer.

For example all my asset consist of only RM20k... and all these 20k is invested via FSM, then yes, I might just invest RM10k in equities and the rest in fixed income/money market fund or just leave it in FD.

But if say i have another RM20k under the pillow or in the bank, then i would probably invest more than RM10k into equities. You can start with FSM recommended portfolio, which kinda recommends funds covering a few regions... FSM is only a guide, not the perfect portfolio, after all, the portfolio is also came up by humans, who can be prone to errors and less objective decision making.

I think you seem to understand but let me explain again. Yes, i guess first time investing you will get more excited, eventually you will get used to it and you won't micro managing it. While it might take 2 days to appear on your FSM holdings, do keep in mind that the price transacted is based on when you pay/did switching. it just take 2 days for you to know at what price you bought. even if the unit price is on FSM, it will take another day for the units to be calculated in your historic transaction, and another day for it to pool into the portfolio holdings total. Yes, i do try to transfer my money into the cash management fund before a long weekend if i can help it, to earn extra few cents interest...

How fast and soon unit price gets up is not just dependent on fund house. note that non-malaysian funds will take longer to get the NAV price. those global funds will take even longer. While your observations is correct, the reasoning really has more to do with geographical region rather than the fund houses.

Portfolio sharing

Fund	IRR	ROI
Kenanga Growth Fund	4.14%	9.85%
Aberdeen World Equity	6.94%	15.41%
CIMB Asia Pac	7.12%	15.61%
CIMB PRS Asia Pac	6.65%	8.52%
Manulife India	4.01%	6.84%
RHB asian total return	13.71%	24.20%
Libra Asnita	---	-0.65%
Eastspring Small Cap	---	0.26%

Portfolio ROI 10.99%, IRR 5.85%. (IRR was 6% ++ in september)

86% equity fund, 14% bond fund.

From August 2014 to 27/12/2016

This post has been edited by adele123: Dec 29 2016, 08:39 AM

Edited. as of yesterday lo.

Get ready on 7th and 14th for lower sales charge.

Also cny promo may happened. I think I got this in 2015.

Edit... last minute prs submission.... look at the top 5 funds...



This post has been edited by adele123: Jan 2 2017, 09:55 AM

i think projection isn't the right word/concept. if the past return is 10%, it is 10%. and nobody projects it is going to be 10% next year.

and also i think you are confusing yourself. I don't know what your RM offers you but in a nutshell, it is this...

a) your RM is a sales person, hence will earn commission from that one-time sales charge

b) FSM is a corporate unit trust agent, hence will earn commission from the sales charge, which is one-time. the difference is FSM charges lower compared to most individual agents. although it seems that your RM doesn't charge you very high compared to others...

then again... you are referring to affin hwang select bond fund where actually most sales person don't charge that much for bond funds. i don't know much about this as i don't have experience buying from individual agents.

c) the annual management charge is something implicitly charged. what others say about NAV lessen off charges, again i think you misunderstood

d) NAV prices refers to the net asset value of the fund at a per unit price. This is the price you paid per unit. If your fund is RM1 per unit. Your sales charge is say 2% and you invested RM1000. So you will still get RM1 per unit but you have only 998 units. it doesn't mean NAV is RM0.98.

I don't believe in having 20 funds. I do believe in there's such thing called over-diversifying.

I do want better gains, at higher risk.

I have 7 funds including 2 bond funds, it's more than enough for me.

I am still holding. While not optimistic on bond funds, i'll just let it sit there as it's not alot.

If you read about what the analyst said, then should be cautiously optimistic about Malaysian bond. As for me, affin hwang select bond or libra asnita, one should choose the lower duration, lower volatility.

Fsm not stupid leh. It will remove the status. If you want the status, you can park in cmf2, it will be counted towards your asset to achieve the status.

yes.

Dear newbie,

If I can do it, I won't be commenting here cause i'll be buying stocks. Or I wont be commenting here cause i'll be filthy rich.

Hindsight is 20/20. Real life to the future is blur.

Some questions you ask, kinda make sense, some like this makes me want to make a snide remark.

Sarcastic remark: No it's not free, please don't switch...

Yes it's free, i switched with eastspring. no sales charge. i bought the original fund with 0.5% sales charge, so switching into another equity fund and is still free... i think this is the credit ninja trick another forummer was talking about. And no, i didn't buy for that reason, switched because i don't like that fund.

1) over some short period last year, i did notice MYR gain grounds when there's more inflow, and those days were also when local indexes did go up. but it's not perfect correlation.

2) i don't think lose out potential returns is the right way to describe it.

Part a is that, we don't have access to foreign domiciled funds through FSM. we only have funds that feeds into foreign-domiciled funds. even if we do have, foreign-domiciled funds not all are not denominated in USD, but i think in the context of your questions, focus on those denominated in USD. We of course view our assets in MYR. all else being equal, ie the market didn't go or down, if the MYR strengthen, then the value of the fund in MYR will be lesser and the other way holds true as well.

even if locally domicile, the assets are still in usd, so once converted to RM, it will be of lesser value.

so, foreign domicile or not, it really doesn't matter. myr goes up, foreign asset value in RM is lesser. ie in layman terms, you lost money in myr. myr goes down, foreign asset value in RM is higher, you gain money in myr.

itu sahaja. unless you want to view your portfolio in USD, then, myr go up or not, it's still the same.

what's your justifications?

You should see it under your holdings today. don't worry.

start with the links posted by the other forummer on articles by FSM. they are actually quite decent. drop by once in awhile on this thread to follow on some discussion here. do note that the trend as of late here is pro-foreign funds (malaysia market have not been performing), but don't you go full force in those foreign funds, understand the why, what before you invest. do not just follow...

a good place to start is go to sunway tomorrow and listen to the talk, maybe abit technical but at least got ppl talk to you.

i have a few short simple advice...

1) observe for awhile, understand simple logics like, ringgit strengthen, why unit price of foreign fund decrease?

2) read up on dollar cost averaging.... when you have moved from beginner to intermediate, read up on value cost averaging.

3) this is investment for long term... not 1 month 2 month play... we are talking years...

4) the stock market (and your unit trust is subject to law of gravity)....

How you know ah? Can you tell the future? Have you lump sum in?

to add what the other forummer question... i want to ask, why all RHB funds?

even if you want all/mostly under one company, why not eastspring, cimb, kenanga?

Well I do agree that having funds under the same company makes it easier and cheaper to switch, the rm25 switching fee is not great and doesn't go-line with cheap, as already mentioned by others.

I personally dont have any rhb equity funds. Find their performance not impressive. Okay la, maybe cant just compare past performance but say for Malaysian fund, after august 2016, I won't buy rhb funds. To me they hold too much in one company, and makes the fund too volatile.

Eastspring equity income or kenanga growth is better choice compared to smart balance. Imo la...

And to be fair, 2 years of investing, i've done switching just once. While some do take switching cost into acct, I actually dont because I believe I rebalance my portfolio by topping up more in certain funds instead of changing the composition of the current invested money. So which is why all my funds are across different fund house

seems like you are the saver type. UT should be a good tool for people like you.

you can start with scouting the list below... although what's pretty cool about Affin Hwang Select Opportunity is the exposure to asian countries. so with a big chunk still in Malaysia but some flexibility for non-malaysia funds. and affin hwang does have a good selection of funds and switching is free, hence there are advantages of getting into affin hwang funds as well.

Just adding on is that, for big cap, one can try eastspring equity income. less volatile. more specialised in big cap. (not that you want to invest in malaysia)

even agents can be fake right?

Yes, there are statements from PM and you will receive statements from FSM as well... No physical statements from FSM. you will receive e-copy of monthly statements, statements/emails for every transaction you make, at least 3 emails per transaction.

in terms of reliability, well your money are all under a trust and FSM as a corporate UT adviser is governed by Securities Commission. you may read the FAQ again and again.