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 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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2387581
post Feb 1 2018, 10:14 AM

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QUOTE(Avangelice @ Feb 1 2018, 09:52 AM)
luckily I pulled out 20% of my funds from reit and rhb EMB and placed into Sime and Cimb which shot up within two days.

6 months of zero returns to two days of returns. blah. now waiting for my ids to recover then pull it out. the rest keep in Ponzi 2.0, esther bond and ta technology.

I have another 10% sitting in dinasti. waiting for it to recover then pull out too
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Have you not exited RHB EMB entirely? I have pulled out everything...since the strengthening of MYR it has been keep dropping and the fund manager didn't seem to do anything to mitigate this... what a weak manager lol. Now increased my Greater China to 20% and TA Tech 15% approx with those funds.
2387581
post Feb 12 2018, 12:39 PM

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QUOTE(funnyface @ Feb 12 2018, 11:40 AM)
?? ?

HS China Index  +1.1%
HS HK  Index + 0.87%
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could it be because of FSM or Fund lag in reporting NAV?
2387581
post Feb 13 2018, 04:41 PM

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Just realised that basically every little gain from the last 1 year or so is wiped out. Instead of doing other things, I decided to follow FSM buy call into CIMB ASEAN MYR for diversification. And if I'm unhappy with it later I can switch partially to Ponzi 2 or GCE.
2387581
post Feb 16 2018, 01:31 AM

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anyone know why it takes forever for a page to finished loading in FSM?
I mean as long as the icon in my browser is still spinning (loading) I cannot access the drop down menu. I want to access the fund watch page as I need to remove some notifications. But I can't because it just won't finish loading! Any link to the fund watch page?
2387581
post Feb 26 2018, 01:33 PM

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QUOTE(WhitE LighteR @ Feb 26 2018, 10:46 AM)
Will a fund manager sell off everything to cut loss?

I thought the best way is always to stay invested n taper off profit from time to time while staying invested.

I always thought a cut loss is usually a noob mistake that cannot see red too long.

Maybe I'm wrong
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What the question was asking is to sell off and hold cash, not necessary mean cut loss. It could mean sell to lock profit instead of going down with the herd. Got a chinese saying "if you can keep the green mountain, you're not afraid of not having woods to burn". Which is the same as Warren Buffett's "Rule no. 1 Don't Lose". Keeping capital intact is the most important, any profit is good.

Cut loss is necessary if things are not going well, for example the fundamentals of the company changed. Holding on to a loss-making share with no views of getting profit in the future is just the investor don't want to admit to a mistake or wrong decision. You also lose the opportunity costs of deploying your money to somewhere else profitable in the favour of keeping a loss-making investment, which is a noob mistake.

To the original question, if it is a short term correction, since they only publish their fact sheet once a month, they can do whatever they want before publishing anyway. We as retail investors have nowhere to find out whether they are holding 90% cash on one fine day and re-deployed the money the next day, provided that the fact sheet published is tally with the mandate of the fund. This is similar to the act of 'window dressing'. But if it is a long term crash, I have no idea. I haven't live through one with money invested.
2387581
post Feb 26 2018, 01:44 PM

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QUOTE(T231H @ Feb 26 2018, 10:01 AM)
i found this fund, (many more on asking the local FHs)
for this fund, they don't have fixed mandate, so they don't have to die die have to hold on to any fixed mandated allocation for they would act on the calculate risk assessment that they know it is better to sell off before it gets worse. Yes they will....just that would you leave all you money at their hands?  devil.gif
Q: Any incentive for them to act in the investor's interest? It is not their money at stake anyway......
well if you consider the 20% performance fees for not performing above the target Returns not an incentives

http://affinhwangam.com/list-of-funds/whol...ds/#toggle-id-1
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“High Water Mark” or
“HWM”

Means the NAV per Unit that forms the basis of calculating and determining the Hurdle
Value for a Performance Period. At launch, the HWM will be the initial offer price and
thereafter, will be the closing NAV per Unit on the last Business Day of the preceding
Performance Period or the previous HWM of the preceding Performance Period,
whichever is higher.
Kindly refer to Section 6.6 of the Fund’s Information Memorandum for further details

On a contrarian thinking, the manager has the incentive to do a 'window dressing' by artificially raising the price of the shareholdings on the 'last business day of the preceding performance period', in order to hit the target for performance fee. But their performance fee is directly taken away when calculating NAV right? So on the day they do so, and the performance fee taken away, then the NAV dropped the immediate following day. So the investors lose the 'performance fee' to the manager, with an even lower NAV before the dressing... sad.gif
2387581
post Feb 26 2018, 02:54 PM

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QUOTE(MUM @ Feb 26 2018, 02:21 PM)
hmm.gif mind elaborate hows the artificial raising the price of the shareholding can increase the price of the NAVs thus increase the ROIs? artificially pushing up the prices of the stocks?
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I was making a reference to the practice of "window dressing" typically on the end of year (see: http://www.theedgemarkets.com/article/fbm-...antation-spike)
The funds are doing this because the Balance Sheet is a snapshot of the fund at a certain time (fact sheet).
So if the fund managers are putting a lot of buy calls and push up the demand henceforth price, artificially on the very last day before the account is closed for the period, their NAV on that day (and in the balance sheet/fact sheet) will look good. Therefore creating an impression that the fund has been performing well.
Most of the time. this artificial push, will of course end up as a massive drop on the next trading day, as no sensible investor will enter at such inflated price. The shares will be transacting at their market price, perhaps the same before the window dressing, more or less depending on other factors.
Since the performance fee is based on the NAV of that last trading day of a period, the fund manager can do this practice to create a good-looking account due to the massive paper gain of the portfolio stocks, and henceforth obtained the performance fee.
Is there any mechanism which prevents this act?
2387581
post Mar 5 2018, 11:31 AM

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QUOTE(Ancient-XinG- @ Mar 5 2018, 11:10 AM)
manage port

Oct to Nov gain
Nov to Dec drop
Dec to Jan drop
Jan to Feb drop
doh.gif
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Is is they are not managing it well? Did they even manage it?
Then it is a pretty sad story considering you are paying another set of fee in addition to the sales charge + management fee to the fund.
2387581
post Mar 6 2018, 09:40 AM

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QUOTE(aspartame @ Mar 6 2018, 07:56 AM)
Looking at past performances of the listed FSM funds, not many are impressive. Any particular fund or funds to recommend?
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From this sentence I guess you already found out which are impressive...choose those.
2387581
post Mar 13 2018, 08:28 PM

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QUOTE(jfleong @ Mar 13 2018, 04:01 PM)
PRS :
Those who have not opened a PRS account and under 30 can consider opening via PPA instead of FSM, where the RM10+GST account opening charge will be waived, and no sales charge for those under 30

https://prsenrolment.ppa.my
Terms & Conditions of PRS Online Enrolment:
The PRS Online Portal is for execution only and does not provide advice. Please read and understand the Disclosure Document and Product Highlight Sheets (PHS) before selecting the PRS funds to invest. If you wish to seek further advice, please contact your respective PRS Consultant. Please also consider the applicable fees and charges before investing.
For all online applications through PRS Online Enrolment, the PPA account opening fee of RM10.00 shall be waived till further notice. For applicants age 30 and below who perform self-enrolment, PRS Providers’ sales charge will be at 0%
Upon the successful completion of your online transaction, your contributions will be forwarded to your Provider(s) for their onward processing at the next cycle. You will receive a separate acknowledgement from your Provider(s) once they have created the units in the relevant fund(s) for your benefit. Please note that successful completion of the online transaction does not guarantee the successful opening of the account. The respective Provider(s) may take up to 7 business days to confirm or reject the opening of the account and the contributors are obliged to provide all the necessary information (if requested by the respective Provider[s]) for the verification purposes. You may contact us if you wish to know the status of your transactions. Our contact details can be found here: Contact Us
In the event you have insufficient funds for the transaction, the transaction will be rejected.
Please note that payments for the units purchased must only be done from the applicant’s own bank account. No third party or joint account payment will be allowed.
Please note that the PRS Online Enrolment under the purview of the PPA is only for Malaysian Citizens. For non-citizens, please contact the respective PRS Providers for further advice.
Please note that the opening of PRS account is for the purpose of saving and investing for retirement.
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What will be the sales charges be like when you exceeded 30 year old?
2387581
post Mar 14 2018, 09:51 AM

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QUOTE(Ancient-XinG- @ Mar 13 2018, 08:03 PM)
anyone have good exp with their CIS? like they really good in advice instead of following the SOP when recommend customer go into fund.
because most of them tend to bring you merry go round balik balik recommended fund. lol
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look if they can point you to a sure win fund, they wouldn't be working as CIS anymore. They can just sai lang into whatever sure win and quit job to do other stuffs.
2387581
post Mar 28 2018, 09:49 AM

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Wow 1 month no see...port become all red red now. What happened leh?
2387581
post May 18 2018, 04:55 PM

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it is unrelated...saw this in The Edge Daily today rclxms.gif

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2387581
post May 21 2018, 08:11 PM

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QUOTE
Kenanga IB enters negotiations to acquire Inter-Pacific Securities

Tan Xue Ying / theedgemarkets.com
May 21, 2018 19:23 pm +08

KUALA LUMPUR (May 21): Kenanga Investment Bank Bhd has gotten the greenlight from Bank Negara Malaysia to commence negotiation to buyout Inter-Pacific Securities Sdn Bhd’s stockbroking business.

In a filing with Bursa Malaysia this evening, the banking group said it has received a letter from Bank Negara. The central bank states no objection for it to commence negotiations with Inter-Pacific Securities on the proposed acquisition of the latter’s assets, liabilities, and contractual arrangements.

Inter-Pacific Securities, an indirect subsidiary of Berjaya Capital Bhd, was incorporated back in August 1972, and has a paid-up capital of RM250 million.

It has five branches across Kuala Lumpur, Penang, and Johor Bahru, offering as stock and futures broking, research analysis, foreign stock services, share underwriting, nominees services, investment management and advisory, amongst many others.

The filing did not detail the potential value of the acquisition, but said that it will be financed by ways of shares and cash.

“We will make further announcements as and when there are material developments pertaining to the proposed acquisition,” it said.

In a press statement, Kenanga IB’s group managing director Datuk Chay Wai Leong said the potential acquisition could strengthen Kenanga's leading position in the retail broking space in Malaysia.

"Inter-Pacific Securities is a reputable and well-established independent stockbroking company, with a robust track record and strong retail focus.

"The potential acquisition will further strengthen Kenanga’s leading position in the retail broking space to become the top two largest stock brokers — by trading value — in Malaysia, with a combined market share of over 10% and retail market share of about 25%,” he commented.

Chay said the group is aiming to conclude the negotiation process within the next six months.

Kenanga IB closed half a sen or 0.78% lower at 63.5 sen today after 487,600 shares crossed, giving it a market capitalisation of RM458.45 million.


Is this going to affect any funds managed by Kenanga and Inter-Pac? Like KGF and IDS.
2387581
post Jun 15 2018, 03:23 AM

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Long time no touch my FSM port, and boy it doesn't look so good. 4/8 funds in the red. Last action was on Feb to switch some funds, but last time putting money in was almost 1 year ago.

Just put in 1k this month to start my PRS for tax reduction purpose...I think 3k is all I'm going to put in this year, and all are going to PRS. I shall see if opportunities arise and I will top up more.
2387581
post Jun 15 2018, 03:25 AM

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QUOTE(coolguy99 @ Jun 13 2018, 08:18 PM)
You guys all cut KGF already?
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Why so negative on KGF? Anything triggering alarm?
2387581
post Jun 19 2018, 03:55 PM

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Received an email saying Manulife India is proposing some changes

QUOTE
1. To Modify the Deed to Change the Fund into a Multi-Class Fund and to Create New Classes for the Fund

2. To Change the Base Currency of the Fund (MYR to USD)

3. To Modify the Deed by replacing the Seventh Schedule to Change the Permitted Investments for the Fund (TL;DR)

4. Consequential Modifications to the Deed (TL;DR)

In these cases do you guys usually send in the proxy form to FSM? or just leave it? I think my stake is not substantial to affect anything anyway. biggrin.gif
2387581
post Jun 28 2018, 03:46 PM

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QUOTE(diversity @ Jun 28 2018, 03:42 PM)
lets say if I put 1K cash today. The profits is it like monthly like FD?
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No it works like any other unit trust fund. A cash management fund is not capital guaranteed like FD.
You buy in RM1000 at this NAV, you get Z units. Next month you sell at the NAV of that time, you get the amount = Z x NAV
The rates are lower than FD but you have the liquidity to sell anytime to get cash.

This post has been edited by 2387581: Jun 28 2018, 03:48 PM
2387581
post Jun 29 2018, 04:59 PM

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QUOTE(Ancient-XinG- @ Jun 29 2018, 03:26 PM)
dead cat bounce is like that la.

i ad no eye see this year perf ad. all i can do is keep pump to bond fund. and also back to my beloved asm.
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Bounce, because it is the last trading day of 1H / 2Q.
Dress the window nicely...
2387581
post Jul 5 2018, 11:13 PM

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and it is back.

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