Did anyone see this Bank Central Asia crash? Really troublesome lah, BBCA appears in most of my funds. Today was supposed to be a good day, but this is a major loss that is very hard to offset.

https://www.bloomberg.com/quote/BBCA:IJ

It also drag down the entire Indonesia LQ45 index with it. https://www.bloomberg.com/quote/LQ45:IND

To make matters worse I can't find out what the cause of this is.

like Public Mutual? you go over to their thread here and you gonna notice there is no communication between RM and client.

I think there is "nothing" to worry about....if you clicked at the 5 yr trend charts....there are many cases of BIG % drops can be noticed.

No. Why? Most agents/financial adviser (which work at the bank) will ask you to buy even though the fund is not performing. Everytime you buy, they get commission (regardless the fund is good/bad/performing/not performing).

How do I get around this?
1) Read financial news. (bloomberg, cnbc, reuters, the edge - you can even buy their weekly copy able to get some income tax relief No time to run to the bookstore? Just get their digital version)
2) Ask around the forum, read the stocks forum, USD/MYR thread as anything affects US will affect the rest of the world. UT is stocks. Keep in mind that
3) Stick to your allocation.

If you really want advise, go seek out independent financial adviser without conflict of interest.

This post has been edited by Ramjade: Feb 10 2017, 08:39 PM

I don't see any switching in the port you posted earlier? bear in mind when people say "switch" they usually mean completely exit a fund and enter a new one.

What they mean is churn - a high churn rate is bad.

This post has been edited by wodenus: Feb 11 2017, 06:03 PM

Don't sweat the small stuff, that is what you pay the fund managers for. I mean seriously, you are obsessing over one stock in a manager's portfolio. If you look at the 5y trend, it's up. It's volatile.. it can drop 20% and recover

Not worried about long term ATM all, I'm more worried about my one day gain! This 4% drop can wipe out gains elsewhere in most portfolios it is in. TA SEA, CIMB APAC, CIMB CII all have it as a top 10 stockholding.

I think you need to let go that you cannot always profit everyday

I think you need to take a chill pill bro. come on loosen up a little. have a glass of Scottish gin and tonic

Bro, firstly, you got to stop worrying that much man.


You're starting to sound as if you're holding individual stocks in your portfolio.

You should be worried if say something happen in the US/China. Then yes there's no escaping. Top 10 holding does not mean much. How I know? I was in your shoes. Attempt to "guess" the NAV price by looking at the top 10 holdings. Did it work?

Nope.

I may have missed, .....
have you started to buy in M'sia Eq funds yet or accumulate it?

I have 9 UT, just one stock. Very opposite from others. But you're right. Somehow the CIMB CII Indonesian funds are up by 0.2% for the day. Amazing!

One stock does not a portfolio make. Everything did not just drop 4% all at once even the index only dropped 0.06% and that is only Indonesia.

There you go. You are worried about one stock in a portfolio of possibly hundreds. That's the beauty of mutual funds, a properly selected portfolio reduces volatility.

Yes older people prefer PM and banks because not familiar with Internet

No I mean I am separately holding a solitary stock counter.

Btw if you read all the top investing books, it's better to hold less stocks that you are very confident about to maximise gains. This is what Warren Buffet preaches. Only those who don't know what they're really investing in, should own a diversified portfolio. Same applies to trust funds, and I fail miserably there!

This post has been edited by contestchris: Feb 10 2017, 10:39 PM

Many of us start off with agents, such as Public Mutual. That is why we are less "kan-cheong". All the anxiousness we push to the agents. After a few years, when you are more familiar with participation in unit trust fund, then you may detach from agent and DIY.

The way he sound, I bet scots and gin will not help. He needs triple shot of Moatai plus absinthe plus vodka plus a tab of Valium for good measure.

Xuzen

Well then why are you worried about a 4% drop? it's dropped 20% before and recovered the commission on that can't have been low and you have to watch the forex.

The annoying thing about foreign equity is, if the economy in that country goes up, the price of the share will also go up. but then currency goes up, and then the rate drops so I can't see how anyone can win in that scenario.

This post has been edited by wodenus: Feb 10 2017, 10:51 PM

Well there 2 schools of thought:
(i) Buy lots of fund and spread out your risk and still get double digit return (shown by a person here without any trading)
(ii) Buy min funds and still get double digit.

I started off with public mutual agent but the agent don't do shit except print the name on my statement.

It's good for old people who can't really understand how computers work or maybe they don't have computers or Internet so they can't do it online