I don't have an account yet
Trying to go through the ASN thread first now.

most of the funds require initial RM1000. The maths doesn't add up to the RM4000 initial capital.

No they do not boast themselves. They boast through proxies that make more monies like selling books (self-author or other-author, gets royalties) or selling talks.

This post has been edited by 2387581: Jul 21 2017, 02:41 PM

It says fixed income, which generally means bonds.
The only picture I need to know about this is that this is a closed-end fund.
I don't like the idea of lock down the money for 3 years.

In the pinky spreadsheet, when we retire a fund (sell), its ROI become -100% is that correct?

There is a very limited selection of funds...and with the shady stuffs happening within the Malaysian government administration, the EPF may soon cease to have a 6% yield as most people would like to think, and there is a possibility that the monies will vanish as well. What if next year it gives you a -6% yield (reason: investment loss) or the MO1 simply take everything into his private offshore accounts before (if) he topples?

Maybe it's time you guys push for a more healthy work culture.
I am a graduate architect, long working hours is like a norm in my line of work, even in uni...I was like that too. Sometimes didn't sleep for 2-3 days in a row.
My first job I used to work in a practice that has long hours, especially when we have to meet tight deadlines.
And unlike most jobs other jobs, almost all architecture practices I know of do not compensate pay for overtime.
Sometimes I also haven't seen sun for a week or so.
I can't find time to rest and live a normal healthy life, much less the time needed to study for my professional exam.
But realising this is actually a very bad habit and bad work culture. It wears you out and not helping with the work performance either.
After all it is time management issue, and people seemed to be getting nuts for working prolonged hours, and you are more actually less productive and more prone to be making errors. In the practice of architecture, errors are mostly reversible, perhaps not so much if it is a surgical practice.
Then I changed job, have a normal hours...work outcome is better, people also happier.
This is also partly attributed to the world-wide industry reform trying to eradicate the long hours culture in architecture. I believe the same should be done for medical profession too.
So, get the time management right and it will sort itself out.
New generations just don't hold grudges thinking "during my housemanship I endured this 48-hours shift thrice a week, and you newbies should suffer the same" mentality. Push for a better change.

Don't later end up money in the bank, but people in heaven (a chinese saying)
and time is also something you cannot buy with money

I'm beginning to think this is how Mr. Kim make money...short everything then fire a missile.

My opinion US has reached its highest few months ago, which is why I switch all to India while it is still in the green. The amount only constitutes 10% of my portfolio.
Few weeks ago there's an article by FSM says lowering US to unattractive...but TL;DR, for me I think if you bought it cheap back then, it is either you dispose it or hold it, but don't buy in now.

Sifu xuzen perhaps if you can share the 'skim profit' in terms of % in relation to the % of your allocation...would be more useful instead of absolute figure

and then post a link to FSM website content.

Does it ever occurred to you that PM may close down too?
It may sound sarcastic but it is real.
Any legit investment channel, though regulated by SC and FIMM, doesn't mean your capital is protected, as it is so in a FD bank account insured by PIDM.
PMB (FM) is a separate entity from PBB (Bank).
Or you may want to be even safe (or maybe not), look at the annual report of the fund which you want to invest in, select say 30 counters, and buy into the underlying stock instead of doing it via UT. I think the chance of 30 companies closing down together at the same time is rather slim, and the % of upfront fee is much lower (FSM sales charge 1.75% compared to brokerage, say 0.106%)

diverse the 1m into 4 x 250k in different banks...I'm not too sure if different FD account under same holder in same bank counts...need to ask other sifus.
but please don't focus solely on the PIDM part, as what was being discussed is the safety of FSM as an investment vehicle

To be fair, the only seemingly advantage PM have is they have been around for a long time. Hence their large AUM and their association with PBB which gave the consumer confidence. The biggest problem with them is also because they have been around for a long time, with a loyal fanbase, they don't see it as a problem yet. Disruptive players like FSM and eUT, akin to Uber and Grab in the UT market. But I guess if you prefer the stability and confidence PM can offer you which FSM cannot, then you should treat the difference in sales charge as a 'premium' for this stability.

Perhaps you should attend one of the FSM organized events, the biggest one would be the 'Recommended Fund' event which was held two months ago, the next bigger event should be somewhere early 2018, with some other smaller scale events. I went to the 2016 edition of the July event and most investors I saw there are older generations...Their portfolio with FSM is so large that their sales charge alone is bigger than my entire FSM portfolio so there it goes, the older ginger is spicier.

I understand your valid concern, hence my suggestion of investing the underlying stocks. Regarding PM's professional advise you expected with the 'premium' sales charge, if they are good, their funds would have outperform the peers. So it is better to educate and equip yourself with the knowledge than relying on others, which does not have your best interest in mind.

I guess auntie dasecret has given a satisfactory answer you need for assurance. It means if FSM really wind-up tomorrow, and burn every last document, your personal details and your entitlement is still registered with the fund house. The fund house (eg. Affin Hwang, RHB-OSK, Kenanga) can retrieve it for you. Unless the fund house also zaplap, then it just too bad for you.

This post has been edited by 2387581: Sep 5 2017, 07:18 PM

Just to clear things up, so does the RM1000 incentive credit buy of the units, will they be based on NAV on the cut-off date of end June and December, or based on the Oct and Apr NAV? Many things can happen in 3-4 months.

Yes, however the extra RM1000 bonus incentive is not a taxable income. You may invest RM1000 into the PRS fund before 31 December, and get the RM1000 later.
For income tax purposes, RM3000 deductible from your taxable income every year until 2021.

Actually, I think you guys may benefit from a webinar hosted by KC Lau earlier this morning, you can see the replay on his facebook page, which will usually last a week before he takes it down. The topic of the said webinar is regarding tax strategy using UT and PRS, albeit more focused on the UTC and/or company owner side, I believe UT investor may gain a thing or two from the video.

every now and then they need tricks to keep revenue too...just maybe hope there is a special malaysia day sales

no

nah, the one with RHB AIF and EMBF has been around much longer than the CIMB APDI.

Usually the date of reinvestment is the date of distribution, so your don't have to worry. It is stated in their historical distribution page.

Reading to gain knowledge is essential part of our life (investing included), so one shall not forgo the importance of it.
Just carry on reading, because when you put money into investment, you expect them to 'automate' so you do other things with your time instead of trading time for money. At the same time, read up too.
Maybe you can try Graham's Security Analysis too.
I believe if you put in amount of money you can afford to lose, when market swings it you won't get that 'emotional pull' you mentioned, unless your stakes are high enough.
Remember rule no.1 Don't lose money.