Some love him some can't stand him......overall I think for investment and business I actually can live with him. Haha don't shoot me.

Got any data that shows other equity funds are into mex 2 sukuk?

I'm wondering if this also occurs across the board ie other bond funds.

Like I said a few days back, bond funds are not without risk, and in case of defaults or even just a down rating, the fund value will drop speculatively. Because the coupons can be worth any value less than the actual principle value, not even just the loss of dividend.

If you buy the feeder fund, there is really no use to track the etf live, you have no option to sell at intraday prices. You will only get to sell or buy at market open or close prices on future trading dates after they get your order.

It is volatile, on live rates but not exceedingly more so than Individual stocks.

i'm still guilty of several of the above, from time to time.

Mistake #1 Crowd support indicates a sure thing (Go against the crowd?)
Mistake #2 Current returns are a guide to the future (losing now sure win later / winning now sure lose later?)
Mistake #3 “Experts” show the way (don't listen to experts?)
Mistake #4 Shares can’t go up in a recession... (only invest during recession?)
Mistake #5 Letting a strongly held view get in the way (don't have a viewpoint? )
Mistake #6 Looking at your investments too much (don't look at your investments after you buy?)
Mistake #7 Making investing too complex (just buy 1 fund? )
Mistake #8 Too conservative early in life (max risk is good?)
Mistake #9 Trying to time the market (DCA sure win?)


Hahaha!!! Just joking, but seems like #9 is solid.
To be honest all of these are not necessarily mistakes in hindsight. They could well have generated great returns. If I have to say any one thing, is to be well aware of your funds vs the market. And not to get too impatient.

We can smell something once you started opening the cracks. Heads should roll.

We can smell something once you started opening the cracks. Heads should roll.

Trustee is just to ensure that your units are there and divided properly, net asset value is declared correctly. It also states the trustees already note the exceedingly high allocation towards the MEX bonds which are in violation of the fund manager's mandate. You can't call the cops on this but I suppose some authorities should be looking at this and ensure civil and criminal elements of cbt are not present.

Thanks for highlighting this, i actually start to wonder what is written in the deed, since it is just a master deed with amendments to include the newer and newer funds.
My educated guess is Manager still reserves the rights to make investments as he sees fit but should not exceed the mandate of investment ie allocations, etc.

Risk - this maybe under his purview as to how much risk to take.
Conflict of interest - this is easy, the manager should not do anything with a conflict of interest.
CBT - This one I think civil and criminal law is already enough?

Makes sense, but the holders of the remaining units must be pissed.

I was writing a few hundred words on this but fell asleep. Yes, I do this. But for me, performance is also based how well it performed vs benchmark and market. Not just the returns. Because a good alpha and beta still can tell me one day when the sector is up, that fund manager will be first to profit.

Example is eastspring dinasti, which I admit I sold off during trade war and is now doing not too badly at all.

See the correct response below -

So in my case, when I sold the dinasti fund, 1/3rd went into Principal Greater China which was a yay (to illustrate my point that you can find a better alpha and maintain beta), while 2/3rds went into Eastspring Equity income fund which was a nay . Now why on earth did I do that? I thought, perhaps China will struggle to make it through Trump and his nonsense, hence reduce China allocation but go heavier on chinese tech (Principal greater china was at that time a bit more into tech, while dinasti was more into finance, but it didn't really matter really, had I just kept it there I'd be quite happy today nonetheless).
Next, also thought about allocating back to Malaysia since got Harapan and Guan Eng, we sure fly. This illustrates another point - Malaysia equity has too much political overtones and even undertones, and KLCI as a whole is a bad bad bad tracker. It is almost the same as investing in EPF if you put your money in Malaysia broadbased funds. Needless to say, eventually my Eastspring investment Equity income fund has also been reallocated to other funds. Eventually you start to lose track after 3-4 switches and might as well track the whole portfolio in general.

So, yeah, re-allocation and rebalancing works if you can see the future, which many of us (including myself) cannot. But reallocating during a fund's highs - now that's something I have not done until today. I have only tried reducing the DCA / fresh funds, something I am learning from Stashaway. It hardly ever sells anything during a high, it just switches fresh funds to lower performing assets to maintain a balanced portfolio.

TLDR -I now tend to track my portfolio as a whole, trying to bring it up in XIRR from all cash flows. I think that will give the best overall picture of my own management.

This post has been edited by lee82gx: Feb 17 2021, 12:38 PM

At one time in 2018 I remember dinasti was more heavy in finance, I could be mistaken.
It looks like I switch around often but before 2019 I was actually pretty "convicted"..in a sense that I kept the Dinasti fund for 2 years with dca before finally switching. I kept most of my funds for 2 years with dca. Even had affing hwang Japan fund for 2 years. So, unfortunately when things don't go well it convictedly brings me down too.

Agree, and what I can say I'm doing is to try and make sure I have the few better ones in the sectors that gave growth or recovery potential, this gives the best chance of return.

But, everyone don't follow uncle. I am a pretty average investor

They serve one bloody purpose. You get withholding tax on the dividend.
Although if the share themselves really declares dividend, some form of taxation must occur.

When equities are bullish, bonds typically become bearish.

Please remember again that bonds funds trade bond coupons. Which are susceptible to supply and demand, ie it can drop in value even to below the principal.

Know what you are buying when it comes to bond funds.

Their values go up and down depending on - quality, time to maturity, risk of default, risk to principal.

some international bonds are also not doing too well.
example BNDX, EMB.

on top of other's critics like using past to predict future etc. Why are you saying it beat "whatever portfolio". This indicates your portfolio options was not built well or tested well. a most simple graph like below already create holes in your thesis.


anyway, fund investment doesn't need so much thinking. if you have 10 to 20% of your investible cash right now there are worst ways to invest in compared to Dinasti fund.

I was replying to the dinasti fund post...which I don't hold any at this point. But FYI during 3q 2019 I sold it off because I lost 2 years considering I enter in early 2018.
Didn't lose my principal, just lose opportunity. Anyway its just my own level of comfort. And it was a small portion of my portfolio. Would've done differently if big portion or even smaller portion.

my biggest loss must be 2009 financial crisis when I think my ESPP (employee share plan) which formed the bulk of my investments lost 40-60% paper loss in a year. I didnt sell.

by the time Donald trump learned to press all the crazy keys in twitter in late 2018, I was in negative 3-4% ROI for my fundsupermart. That meant completely wipeout my gains which were built up over time from 2015 onwards via DCA. I think the ROI was +20+% at peak. i also did not sell but pivot to US ETF via Stashaway. now, the remnants of funds in FSM are all kinda going for high risk types.