2018 January seems was a good start.

MoM ROI 2.14%; 25 Month IRR = 13.77%.

This month, I made 2 movement:
1. Replaced TA Global Tech. on 08/01 by United Global Quality Equity Fund.
2. Switched all Manulife India on 08/01 to CIMB Greater China.




This post has been edited by i1899: Feb 3 2018, 03:30 AM

During my last portfolio health check, my CIS advised me to cut down the supplementary funds, as it exceed 20% (G.China + Tech + India), so i made such move.
My situation might be different with yours, below were my considerations in making such move, that might not useful in your situation.

1. TA global tech to United Global Quality (MYR hedged) because:
- I need a Global Equity Fund in my portfolio, as one of my CORE FUNDS, which can invest freely onto anywhere, any sector, any capital size of company. So that, i don't have to hold too much number of funds just for diversification purpose (esp country specific/ sector specific fund). United Global Quality is the ONLY ONE fund that fits above requirement because it is "not Global islamic" fund, "not Global Titans/ Leaders/ small cap/ growth/ value/ dividend" fund. Furthermore, it is Hedged to MYR, which can limit the currency risk. I believe that 2018 will be a bad year for USD.
- TA Global Tech is the second worst performer (in term of IRR) with 16.6% IRR, in my portfolio.
- For Tech stocks, PER of Nasdaq 100 is 26.342, but the fair PE is 18.0, it priced at 46% more than its fair value. So, i feel a bit worry to be concentrate on only tech sector.
- To cut down my supplementary funds, and move it as core funds.

2. India to Greater China because:
- volatility of india is too high for me. It can suddenly drops 4% in 1 day, then the other 2% the next day, wash out all the profit make in 2 months before, then repeat this cycle about 3 months later.
- It is the worst performer (in term of IRR) with 13.3% IRR, in my portfolio.
- Sensex Index PER is 23.85, fair PER is 18.0. That make India the most expensive market in Asia.
- To cut down my supplementary funds.
- My Asia Fund (50% of my portfolio) do cover India.
- For Greater China, HSML 100 PER is at 13.81, not exceed its Fair PE 14.

I just wrote an email to investhelp.my@fundsupermart.com (not client.help) for my portfolio health check, provided them my investment's market value @ eUT/ASNB/ others and target FI/EQ ratio etc.

Every account of FSM has a dedicated CIS, who can access to our holding with FSM, so not need to provide them our holding at FSM.

I asked for advises to reduce the number of funds ( i was holding 9 funds at that time), but he provided 2 pages long of suggestions which will increase the number of funds if i follow bulat bulat.

Suggestion from my CIS includes:
=====================
Asia Ex-Japan region
....You may have Asia Ex-Japan region Funds about 25-30% percent of your portfolio as we believe this market is still trading at a cheaper valuation hence higher upside potential in longer term.

supplementary Funds
Your portfolio overexposed to supplementary Funds and single country funds. You have the total of xxxx% percent of these categories such as Specific fund (TA Global Technology), Greater China and Single country funds ( India and Singapore). You may consider reducing funds in this area because anything less than or equal to 10% will be good for the supplementary portion of this type of funds caring very high risk and have higher market volatility.

Fixed Income funds,
you may remain Affin Hwang Select Income Fund (Asia Ex-Japan) while, switch the other 2 funds to Libra AsnitaBond Fund (Malaysia).

While reducing the percentage for the funds mentioned above you may also consider to diversify those funds to other region as below:
Emerging market region (Eastspring Investments Global Emerging Markets Fund) (about 10% of your portfolio)
The fund management team believes that the emerging stock markets are inefficient and provide strong potential for adding value through active fund management. The fund manager believes that these values can be extracted through both country and stock selection, and each country will have its respective investment approach given that the emerging economies are all at different stages of development.

Developed Market region (CIMB-Principal Global Titans Fund) & Global (Eastspring Investments Global Leaders MY Fund) (about 25% of your portfolio)
We have always been emphasising the inclusion of global equity funds as one of the core holdings in an investor’s portfolio not only to achieve the purpose of portfolio diversification, but also to capture opportunities shall they arise in any part of the world

Malaysia fund (Kenanga Growth Fund) (about 15% of your portfolio)
Malaysia’s economy is gaining momentum as it grows at the fastest pace in more than two years. The global trade recovery has spurred exports, with Malaysia outperforming its peers in the region as earlier weakness in the currency helped to keep its manufacturing industry competitive.
Please do not hesitate to contact us if you need any assistance.

what u saw today is the NAV for last Friday.
u will see more bloody NAV tomorrow. But, no worry, the drop @ HK today is only 1.09%.

Compare with India drops/ US drops on last Friday, it is just small case.

Yes, this morning, i just switched 10% of my FI to Asia Equity Fund using credit.

Luckily, i switch sold part of my Asia Fund to bond fund on 26/01. So, my FI portion is higher now.

this morning, switch < 10% of my fi to equity fund.
If tomorrow is as bad as today, or worse than today,
will switch the other 10% bond fund to equity fund as I have 6 digits credit to dispose, that I held for almost 1 year.

I m the only one in this thread who took action today?

then, i am not the only one.


REIT and India fund are not in my radar.
My bond fund are with Affin Hwang, and Eastspring, i can only switch to EQ in these fund house ... no much choice...



Last week, i switched all my Affin Hwang Aiiman Asia Growth to Esther bond, to lock +5% profit, that i put a bet in early December.
Today, just switch back only... So, my FI-EQ ratio remains unchanged at 30-70%.

My plans for the coming days is : if market drop >4% like today (HSI drops 5% today leh), i will switch 10% of my FI to EQ fund. Switch back to bond fund if this bet have around 5% profit in these coming months.

10% of my FI is only 3% of my total UT portfolio (eUT + ASNB + FSM).
I can repeat it maximum 7 times until FI-EQ ratio at 10-90%, because 10% of my FI are with ASNB.

If i reach 10-90 FI/EQ ratio, that means the market drops at least 30%. Then, we are in bear market/ economic recession.

But, recent economic data (unemployment, inflation, PMI) are all good, companies earning still grows. We are not in economic recession loh. So, i put a a bet.

The fear come from the change of FED president to a hawkish one, and fear on steep interest rate hike by him.

=====
Don't follow me, our situation are not the same.
I have a good job, insurance and EPF to secure me. Nobody depends on me, no commitment. And, I have experience in 2008 fin crisis.

Actually, there is (at least) one fund in FSM drops more than 20% from its peak leh.
Some more, buying this fund not need to pay sales charges. no exit fee pun if buy at FSM.

these 2 criteria are what you are waiting for, right?

Then, it is the time to go in lo. Good luck to you.


Inter-Pacific Asset Management - InterPac Dana Safi

52WK RANGE : 0.3917 - 0.6066

NAV (ON 02/06/2018) : 0.4608

0.4608/0.6066 = -24% drops

just want to let u know that,
once a fund drops 20%,'it wont be a "consistent winner" anymore.

so, at the end, u still doing nothing, even it drop 50%.

U have account with eut, right?
Just use eut for switching from eq fund house A to eq fund house B, during promotion. No sales charges if >5k. Just need 2 days.

Credit on fsm is only useful, for eq fund to fi n via versa. Not good for eq to eq fund, esp during big market swing. Take at 8 working days.

Your calculation is wrong and is scaring people.

Your PROFIT drops from +30% to +21%, so it means your portfolio drops from +130% to +121% of your initial investment.

Total drop of PORTFOLIO
= 121/130 - 100%
= 6.9% drops only, not 9% drops.


In my radar, no fund drops >10% in these few days...

This post has been edited by i1899: Feb 8 2018, 09:03 PM

Today is not bleeding lah.
samsung goes up, tencent goes up, taiwan semicon also goes up.

UT is a basket of stocks. In fact, ALL Asia Equity Fund are investing into Tencent, Samsung, and Taiwan Semicon. Their direction determine the direction of NAV of fund like ponzi 2.

All of them are go up today. So, definitely,the market is not bleeding today.

May be, you meant LAST FRIDAY was another bleeding day.

Ta tech fund didn't drop much (-5%) because it didn't increase at all (as other global fund) before this recent stock routs.
In 3m, 6m basic, it lose to other global equity / even global balance fund. If u bought TGT 3 months ago, u still losing money and ur time. Other global fund are in positive range.


Compare to the other one Global Tech fund in FSM, United Global Tech, which has almost 100% into stocks, didn't show TGT is more resilient too.


if you need lower volatility or higher reward/risk, better put 40% of your fund buying CMF/ or ASNB.


It is just my opinion.

Last year, i received the red packet from FSM AFTER CNY.

Sure boh?
Hang Seng had been up +5% since this Monday, DOW ind had been up 4.4% since this Monday. Today is the 4th rise day.
Index almost recovered 50% of the loss last week.

I switched in my FI to EQ on 06 Feb and 09 Feb, both of them are earning now.

Normally, people buy during bad days and sell during good days. But, you are doing the reversed way, good luck. to you.

Fi to eq is : Switching from Fixed Income Fund to Equity Fund.

For a sizable portfolio, let say more than RM500K portfolio, DCA/ monthly top up of RM5K is only less than 1% of the total portfolio.
Therefore, switching from FI to Equity is more efficient if wanna buying in dips.

For illustrration:

Let say u have a portfolio of RM500K and allocation of 30% in FI (RM150K) .
During every market correction of 5%, switching 20% of your FI (RM 30K) to equity fund, is almost same as buying RM 30K/ top up 6% of your total portfolio .
If u "DCA" "DCA" "DCA" only, you only can topup 5K per month (unless u r a money printer lah), and it is less than 1% of ur portfolio.

That is the reason always allocate a portion of your portfolio in Fixed Income Fund is important.

Same fate with u. I had been rejected once due to unclear thumbprint. Staff in CIMB and FSM had checked the docs, thought no problem on the thumbprint, but been rejected by EPF...
Not that easy to get out EPF money nowadays.

edit : So, if u go to EPF office and make ur thumbprint there, also not guarantee it wont be rejected. Because the staff that get ur thumbprint and the person to approve ur withdrawal may not be the same person.

U missed out the easiest way:
5) eUT : Intra Switching is free of sales charges. Inter switching during promotion (>5K 0% sale charge promotion) is also free.

About the sales charge when buying UT,
If u know the actual meaning of "Intra Switching in eUT is free of sales charges", then u can buy most of the equity fund available in euT at 0% sales charge all the time.
I won;t like to be too exposed. Think urself.


In FSM, switching from lower tier to higher tier is subjected to sales charge. But, for switching in same fund house, you can waived the sales charge with credit.
The golden rules to gather and accumulate the credit is:
- never sell/switch ur equity fund to ur bank account/ CMF/ other Fund House directly, always switch it to bond fund in the same fund house for credit first.

cheers and happy CNY.

This post has been edited by i1899: Feb 17 2018, 03:32 AM

To check whether this way works or not, lets look at the TOP 10 UT in 2016 and its performance in 2017:

For 2016,
https://www.fundsupermart.com.my/main/resea...lent-Times-7893



For 2017,
https://www.fundsupermart.com.my/main/resea...-Investors-9308

Obviously, u lose BIG money now (around 10% to 20%..) if you bought those TOP 10 UT of 2016 (Gold Fund/ resource Fund/ Indo Fund) by Jan 2017 and hold until now.

Same, if u bought IDS because lured by its extraordinary performance in Q1 - Q3 2017, around end of Q3 last year, then u r losing big money now too.

So, I think it is a dangerous tactics in UT investment.