I kay poh chee a bit and "accidentally" click K****NG wor

Market is doing correction now :-

Nav for 24 Feb :-

CIMB-Principal Asia Pacific Dynamic Income Fund Down -0.84
CIMB-Principal Global Titans Fund Down -0.78
CIMB-Principal Greater China Equity Fund Down -1.83

This post has been edited by puchongite: Feb 27 2017, 02:43 PM

Sahabat Xuzen, I won't change my mind in the future even if the fund is capital guaranteed (sounds like an endowment policy but that's a story for another day).

I would rather have the chance to do DCA or VA or leap to another better horse within 5 years rather than being locked in.

The fund in question is RHB Pre-IPO & Special Situation Fund 3. It was launched in November 2015. Currently at -2.98%.

I won't say that the fund has tumbled. I am looking at the opportunity cost. I could have invested in other unit trusts like KGF as suggested by Xuzen. Even the fixed deposit rate would have beaten it hands down.

The previous RHB Pre-IPO was giving about 20% return per annum (Note to self : Past performance is not indicative of future performance).

But RHB Pre-IPO still have 3 years plus to go. Hopefully it will pick up (Note to self : This time it will be different? Or it would not be different? The hope of a delusional investor?)

This post has been edited by Vanguard 2015: Feb 27 2017, 02:48 PM

Wei, don't hit the panic button so soon.

"Asian stocks fell while gold and the yen were steady after three days of gains as investors grew cautious before speeches this week from Donald Trump and Janet Yellen." -- Bloomberg


Question, how long does it take for FSM to process distribution and add the reinvested units under our holding ?
Been one week already still no update.

lol wouldn't that screw up the poll already? 500 people vote but only 50 turn up.

Damn. Better I convert some USD this week before both of them gave their speech.

gg when trump fails on materializing his promises and the us investors start pulling out their money from the markets

50 people turn up ? That's already a successful event !

I don't think he will fail. If he fail in giving speech, the USD/US stocks wouldn't have rally so much since he gave his victory speech.

Ah! Closed ended fund with lock in period negate one's option to perform the "Pony Express™ strategy". Got it!

Xuzen

Thanks boss. Obviously on this thread what you say bear a lot more weight than what I say. Been trying to say this so many times and yet get replies like "but the initial investment only RM10k", or "FSM doesn't check or ask for income or networth proof"

How do you protect retail investors from banging wall on their own?

Pain is the best teacher and must read first before buying.

This post has been edited by Ramjade: Feb 27 2017, 03:51 PM

Because I am awesome and you are not


Jokes aside good sister, I think forum participants will be more vigilant about these wholesale fund when those who have been aggrieved by it come forward and share their stories for educational / academic purpose.

Xuzen

Obviously there are still many shades in the sea of wholesale funds.

One might be comfortable with initial investment of 10k, but he might not be comfortable with initial investment of 100k.

And one might be comfortable with minimum holding period of 6 months, but he might not be comfortable with a 5 year lock-in.

For that matter, within the retail funds, already there is a big sea of different funds.

One size simply does not fit all.

Sahabat Penjaga Van,

Do not be disheartened. I, too, have attended the prelaunch seminar for the fund stated by you, organized by RHB. Let me recap some of the salient / selling points to you.

Do take note that these private equity funds behave very differently from your regular run of the mill index hugging collective investment scheme aka unit trust or mutual fund.

How is it different?

If you do recall from their presentation before, the benefit of these fund is that they are very poorly correlated with other index and their targeted return is around 15% annualized return. These type of funds need some incubation period and the main return will come towards the end, when their assets comes into maturity, that is, the seed company that the fund manager selected goes for IPO. That is when you see your gain coming in.

In the mean time, stay put, continue to grumble and scold the fund manager, if that helps you release steam....

Beginning is bitter; end is sweet.

Xuzen

p/s a 15% annualized return will turn the MYR 100K into MYR 201,136.00 in five years time. Hold till it mature.

This post has been edited by xuzen: Feb 27 2017, 04:27 PM

Fundsupermart void my contract fund because of NRIC unusable..
What is that means of NRIC Unusable?

This is my 1st time issue happen for EPF...

---- deleted ---- bad joke! I know... sorry.

This post has been edited by xuzen: Feb 27 2017, 04:43 PM

Hi Xuzen, thank you for your encouraging words.

I still have much to learn in terms of keeping my ego and greed in place.

did you key in your full name as the same as your ic? the only problem I can see is the documentation on your side

They provide my feedback because of my face image is not clear from KWSP staff comment.