I've just created an account at FSM and still doing readings on all these unit trusts, fixed income and trying to understand how to invest. Have some basic questions to ask the sifu here
For this fund: CIMB-Principal Asia Pacific Dynamic Income Fund - MYR, it says the 5 year (%) is 115.60. Does this mean the projection is that you can get a return of 115.6% in 5 years time? Obviously I understand that this is only a forecast, but is this how this table is read?
Question 2: I invest Affin Hwang Absolute Return Fund II on 2 Jan 2017 at Bid/NAV 1.0985. On 7 Jan 2017 the Bid/NAV price is 1.1452. My profit is the increase which is 4.25%. Is this correct?
Do bear with me with the noob questions while I try to get my basics right first. Thanks in advance!
1. This is not a forecast, it is the total return for the last five years combined.
2. That is the gross profit. Net profit at that time is 2.25% (subtract 2% for one-time commission.)
If you do recall, these products where is deemed wholsesale fund or fund open only to "sophisticated / accreditated" investors comes with certain T&C. Among them, the targeted participant must have MYR 3M in networth and / or household combined earning of MYR400K p.a..
For these qualified participants, it is assume that they have the financial capacity to withstand these flucuation and liquidity risk.
Whenn one sees these products from a retail perspective; that is why you start to think like this and like that such as; about DCA lar, about risk lar etc.
Interested participants should comprehend that these wholesale products are not targeting retail participants.
As such, come friend ... lai lai... let's play together-gether at the kiddie pool. Kiddie pool is nice, is safe and yet one can still enjoy the nice cool water.
Teach u guys 1 FSM hack. When they have this 1% promo just buy into it then switch to whatever find u interested. U get 1% sc for everything since switching is free
That's an idea that never occurred to me...... But now that you mentioned it, it sounds so obvious......
Sorry, but don't you get charged switching fees? Lile rm25 for AH or inter investment switch sales charge ?
you dont get charge if it's the same fund house. let's say you get Ponzi 2.0 and directly switch to dragon fund during the promo period. it's kinda counter intuitive if you ask me.
Affin Hwang bond fund ---> Ponzi 1 Quantum = 2% SC (promo not applicable to intra-switch)
puchongite Thanks for the video
I am not sifu here, but is this behaviour intended? Promotion not applicable for intra-switch? Pretty sure it works if we switch under "New Account 1% SC promotion". Perhaps you want to considering emailing FSM, just to clarify?
I have absolute no idea what you "batangs" are talking about. Puchongnite, Pink Spider & Avangelice, go watch Baywatch or something. Don't disturb serious talk here.....
Speaking from personal experience and after still being trapped in a private equity fund with a lock in period of 5 years, I would advise forumers here to stay away from them.
This is especially for close ended funds with minimum investment of RM100K with no possibility of DCA to average down the price. In this respect, I should have listened to Sifu Xuzen.
Please learn from my mistake.
This post has been edited by Vanguard 2015: Feb 27 2017, 11:46 AM
Speaking from personal experience and after still being trapped in a private equity fund with a lock in period of 5 years, I would advise forumers here to stay away from them.
This is especially for close ended funds with minimum investment of RM100K with no possibility of DCA to average down the price. In this respect, I should have listened to Sifu Xuzen.
Please learn from my mistake.
+1. that's why I don't like buying into things that has too many prerequisites and lock in periods. may this serve to some investors here not to let greed cloud your judgment
Speaking from personal experience and after still being trapped in a private equity fund with a lock in period of 5 years, I would advise forumers here to stay away from them.
This is especially for close ended funds with minimum investment of RM100K with no possibility of DCA to average down the price. In this respect, I should have listened to Sifu Xuzen.
Please learn from my mistake.
OIC! OIC!
I have always wondered why there are people in the FSM thread who can afford or qualify to buy wholesale unit trust fund (qualify as accredited / sophisticated status) and yet still insist to play around at the kiddie pool. Now, at least I can understand in a small way reason for this.
But sahabat penjaga van, what if it is a closed ended fund that offers capital guaranteed return or fixed return fund like bonds closed ended fund leh? Would you change your mind?
Speaking from personal experience and after still being trapped in a private equity fund with a lock in period of 5 years, I would advise forumers here to stay away from them.
This is especially for close ended funds with minimum investment of RM100K with no possibility of DCA to average down the price. In this respect, I should have listened to Sifu Xuzen.
Please learn from my mistake.
Please share. What is the fund actually ? What caused it to tumbledown ?
Feb 26 2017, 02:22 PM
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since switching is free
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