Tutup mata lah, want to dca still afraid and better park the money somewhere else

Bit regret listening to fsm in Sept last yr to add more China 🤣

thanks for FSM article on 12 march. (luckily i didn't cut lost after 3 days of huge dip)

https://www.fsmone.com.my/funds/research/ar...reets?src=funds

i hold my fear and move fund from EPF i-invest (cos no more cash in hand to DCA) via FSM, with 0% charge, topup gao gao to china fund on 14 and 15 march...

today, alibaba, tencent, JD.com... all 25-30% up... of cos there is no magical ball what happen in future, hopefully it is not one day show.

For near/long term wise, i believe US is tighten policy now, and china is doing the opposite, which is easing policy now. I'm betting on China on long term, 投资就是在赌国运...

this is true. Although they are way below fair value now, Chinese stock have to becareful when invest... cannot all in.

Today results Not bad 
Seeing light in the tunnel..

Profit / Loss
MYR -8,046.32

Both agreesive n balance portfolio -8.x, -5.x

PRS , -12%

bad hedging against inflation.

Wanted to see how my China funds deal with the red colour after seeing the kweb ETF saga in the other thread. Behold most of the funds top holdings are no longer the Baba, Tencent etc familiar faces anymore. It seem the fund manager has actioned much earlier to avoid further losses. Mine last year bought China funds around -15 to -20%.

So fund manager got do work after we pay more for expense ratio. However I notice one fund still not much change in their top holdings and that explain its super red colour. Once all my China funds turn green colour that fund will be dropped. Take monies never do work and it is charging 2+% expense ratio!

This market correction period is for us to see fund manager got work for the monies or not. Lucky for fund they are allowed freedom to drop and move around to avoid more losses.

ETF are following index so they have to buy what is in the index unless that stock is dropped from the index. Now ETF supporters see the disadvantage? It's lower expense ratio do come with some flaws.

I am quite happy market correction come just when I started to try ETF. I always want to know besides lower expense ratio what do they bring on the table to compare with mutual fund.

I actually have some sympathy for Msian invest with FSM Msia becuz the fund selection really small for you all to choose. If you are daring commodities and maybe global financial funds is worth a look? Go for riskier and sector specific to hunt for higher returns. But if you are safety guy ignore my suggestion.

What I usually do is below say I got X dollars
1. 75% of X dollars into less risky maybe even money market funds
2. 25% of X dollars into super risky to hunt for high returns at most lose all (but in reality hard to lose all)

Think of it like soccer defender,defensive midfielder behind and pure out and out strikers in front.

Btw I am referring to investor buy their own fund to form their own portfolio not those pay one sum monies ask FSM buy and construct for you kind portfolio. Those are called managed portfolio?

What I am trying to say is the higher expense ratio we pay in mutual fund need to translate into actual work and in market correction it shows which fund managers are working and which of them take monies do nothing.

ETF since is passive and track an index has to buy stocks that is in the index so they cannot run away. This explain their low expense ratio as it is passive.

As for ETF without tracking any index is the same as some mutual fund no longer benchmark against any index category. For such category yes they are nimble and fast to react but this won't be called passive ETF anymore? This also explain why some ETF expense ratio hitting near to 1%?

So if it is active ETF not tracking any index it will then be an open comparison with mutual fund not benchmark against any index. We have to rely on their past history performance as guide.

I am always trying to understand why ETF is better and lower expense ratio is the selling point. But now if it track index it will perform bad if all stocks in that index perform poorly. So low expense ratio passive investing work against it

I do understand mutual funds has higher expense ratio which is why I am trying to say since my first post I want to see them working for the monies we pay. Market correction is when we evaluate their performance

Can I know you buy mutual fund from FSM Msia or FSM Spore before? Most funds don't have redemption fee. Those are buy from banks, financial institutions which is why FSM was formed to lower that since year 2000. ETF sell need pay broker fees etc too.

Now Endowus another fintech up the game trailer fee that the fund asset companies give to provider who help them to sell are all rebate back to investors

I am not trying to say ETF is bad or good I am just trying to understand but for index tracking ETF it lost its advantages if almost all stocks in index fare poorly

Yes I know, but the question is how? Ever since this new UI I didn't perform topup for MP. Couldn't find where to topup existing MP.

Noted and this is true. ETF is like individual stock trading in exchange realtime so you buy,sell you know the transacted price upfront. That is why during year 2000 some mutual fund investor try to use the same stock playing strategy but fail miserably as mutual fund price is forward pricing it is hard to catch. Therefore mutual fund investors need to know this big difference. I.e the mutual fund NAV price you see today when you execute a sell is not the final executed sell price unlike ETF and individual stock.

I group them this way. Basket of stocks, ETF and mutual fund share same idea. Buy,sell style ETF and individual stock share same.

Thanks for all the inputs on ETF. But surely ETF beneficial to small investors who could not afford to buy individual stocks?

Yes it is like pay $100 buy into many stocks. But index tracking ETF got flaws. If all stocks in the index fare badly, then the ETF share price will drop (KWEB ETF saga in SA thread is classic example). Such passive index tracking ETF die die must buy stocks that is in the index. But mutual funds got fund managers they can siam like buy stocks not in the index etc but they ask for more monies hence expense ratio higher in mutual fund.

Active non-index tracking ETF starting to gain traction but since active expense ratio slowly creeping up. I will not be surprised soon they hit 1%

But investors cant do much isn't it if the index is going down.

Since you are from SG, may I get advice from you if SG-REIT ETF a good buy? I am looking at UOB APAC Green REIT and CSOP iEdge S-REIT Leader Index.
May I know what is check the tracking error and how it could minimize lose?

Anyone having problems logging in today?

"Access Denied
You don't have permission to access "http://www.fsmone.com.my/app/holdings" on this server.
Reference #18.4ce82d17.1648389543.cc23bb0"

Website. yeah maybe its just maintenance stuff
Now then, I was reviewing my portfolio as everyone is hotly discussing China related funds. I realised I have 3 funds which are China-heavy:

Principal Greater China Equity Fund: -2.76% to date
Principal Asia Pacific Dynamic Income Fund: +12.47% to date
Affin Hwang Select Asia (Ex Japan) Opportunity Fund: -4.83% to date

I think it would make sense to drop one or two of these funds right? Maybe not now but later when they recover?

https://secure.fundsupermart.com/fsm/articl...-fed-rate-hikes

FSM Spore article mention below
"
We predict that the Fed would have 12 rate hikes of 0.25% each by 2023, which would bring the federal funds rate to 3.25%

We think that there could be a total of 12 rate hikes of 0.25% each — 7 hikes in 2022 and 5 hikes in 2023, under an aggressive tightening scenario. This would bring the federal fund rate (FFR) to 3.25%.
"

Anyone think they over-react? They are predicting up to 12 rate hikes that is A LOT !

Going by more rate hikes to come think financials theme investment maybe wise e.g banks, financial institutions etc. Financials was mentioned by FSM Spore earlier besides commodities metals resources. Global theme mutual fund that I own latest fund factsheet fund manager asset allocation has move financials,industrials etc to first place and IT is pushed down to third fourth place. It is really sector theme nowadays instead of country and region for e.g

Rakuten's fee is cheap, however you must remember that they do not provide USD cash account, so anything you sell will converted to MYR. Their mobile app is shit but that's not a big issue. The worse thing about them is probably their customer service...

Indeed their withdrawal is quite fast, most of the time you get on the same day or next business day

As you read more readers feedback from Msia, Spore forums all platforms come with pro and con. Sometimes some reader like to highlight the pros a lot especially for IBKR investors simply becuz of the low comm fees for US equities/trading etc. Only when press further on some other issues,flows etc some finally reveal the cons. To me we have to be fair in our evaluation of a platform. All pros and cons should be provided so newbie investors can make an informed decision to choose which platform and/or brokers. Once a while you do read a balanced view from some kind readers but they are less to be found.

IBKR is not cheap (competitive yes but not cheap) for Asian markets like SGX,Bursa,HKEX and it don't have China A share access afaik. It is good for US related equities/trading and alot of ppl use that especially on US stocks,ETF and US-listed China stocks.

Hi all, seek advise.

https://www.kwsp.gov.my/member/investment (see list of appointed FMI)

My fund (through FSM), Affin Hwang Aiiman Asia (ex Japan) Growth Fund - MYR Class was in suspended status for 2022/2023, other Affin Hwang funds for me is not attractive if switching out.

Should I sell all and buy other AxJ fund?

Thanks.