Not kan cheong la, but these days your views seems to be more aligned to newbies. So wanna remind you of the principles you preached lor

So inspire/amuse me... where do you put your money these days? Under your pillow?

Oh wait, fiat money cannot be trusted too... let me guess - gold and bitcoins?

As at today, for a slightly under 2 month old investment, my ROI stands at 2.67% and IRR at 18.73%. This is already net of the 1% sales charge. I'm one of the first 50 to invest, so the 0.5% management fee is exempted.

But like the other forumer say, this is too short term to judge. FSM indicated that they expect 7-9% per annum over the long term. So you can use that as a benchmark

Why u don't want to manage for her? u can charge her that 0.5% management fee. If lose money vomit out back that 0.5% lor

This post has been edited by dasecret: Jul 21 2017, 03:02 PM

Well done! good warning message to the readers.

But then right, I put up all the disclaimers just like the other aggresive investors here. Why u flag me but tell the other forumers off for highlighting the risk of the aggressive investment styles?

just pointing out the obvious. I'm all for discussing various methods constructively. But it should be weighing all perspective instead of just selling the pros and keep silent on the cons. It happens a lot in the property forum, that ppl who are vested kept dismissing the negative but valid points of a certain property

REITs and FIs are different asset class wor. Besides, AHSB is currency hedged while manulife is not. So really cannot expect them to move in tandem or correlate too much. While interest rate risk impacts both asset class, there are other factors impacting REITs that has little effect on FIs

Anyway, it's true that AHSB is moving sideways for the past 2 months or so, but if you map the bond funds, it's a asset class performance, not a specific fund performance issue. So the question is, are you opting out this asset class, or just this fund.

Within FI, the one I'd consider non-performer would probably be RHB Asian Total Return, and potentially RHB Emerging Markets Bond. The FX risk is just too high for FI

Since u r opting out the asset class, no need replacement lor. My replacement to RHB ATR is AH Select Bond. To me AH Select bond is performing within expectation. It's not CMF, sometimes it will come down or stagnant a bit geh, as long as the downside volatility doesn't suddenly jump up I'll leave it to the FM to do her job

Interesting to note, FSM recommended asset allocation recently moved a bit back to FI, if that's something you would take into consideration. What about Philip mutual's buy call? They got out of the 90% CMF allocation yet?

Well, within FI there's still geographical segment. For asian bonds, yes, AHSB is my pick for Msia available funds. But I also have MY bonds as part of the allocation. Returns and volatility wise, not many funds can fight with AHSB lor. Large fund size which is a plus point for FI fund as well.

So what's your call? Ditch FI altogether?

See the reply above. Volatility reflects that as well. Select income is not a bad choice if you prefer an autopilot conservative fund though

Not sure if anyone else is doing it. Compare managed portfolio returns with your DIY portfolio

So it's been 2 months since I bought the moderately aggressive portfolio
The ROI for managed portfolio is 2.64% net of 1% sales charge

My own portfolio grew 2.13% in the same period, and I did not incur any sales charge during this period

Managed portfolio 1: Me 0

Thanks for the disclaimer, lol

They are quite comparable actually in terms of EQ:FI ratio, some overlap of funds too, but individual fund allocation is different.

I'm old school, no guts to go all EQ like some of the brave ppl here

26 May 2017, first day managed portfolio was made available

Gosh, make me sound like FSM spoke person. Have both FSM SG and FSM MY managed portfolio

Different timing not so easy to make comparison
For FSM SG, I started in December with minimum lumpsum investment and thereafter do minimum monthly RSP
Current IRR 13.5%; ROI 5.45%

It's really too short term to say which one better, but for me, SG MAPS more beneficial since my own portfolio in FSM SG sucks, not diversified enough
Edit: Just updated my FSM SG DIY portfolio, my IRR only 5.08%

This post has been edited by dasecret: Jul 25 2017, 02:42 PM

Actually the answer is no. For Public Mutual funds invested in cash or EPF, in order to "transfer", you need to sell the public mutual funds and buy other funds available on FSM at 0% sales charge. So it's not really a transfer, more like a sell and buy for no service charge.

Because PRS has restriction to sell until retirement age. You can't sell and buy back

Oh ya hor, forgot on the switching part. Subject to RM8 switching charge right?

Thanks for the correction.

I'm too lazy for PRS switching. Anyway, for RM3k per year for tax relief, unless if the fund really suck big time, otherwise really not worth the effort

p/s: That sounded like a bad switch, AH Growth is doing much better than Am REITS

Ooh, so it's not a recent switch la. Better than uncle Looi's situation then. Anyway, for PRS now I'd go for the long term stable type instead of the flavor of the month/year

Thanks for the heads up, I prefer RSP so there's less tendency to miss top up or affected by greed/fear. But live help say RSP won't be available until much later, like next year. So looks like I'll be doing manual top ups

I think there's some really healthy discussion and questioning going on here, and it's really good to have "balance of powers"

http://www.investopedia.com/articles/04/031704.asp

So i googled a simple discussion on asset allocation. Using PE to help determine asset allocation is one method, the one used by FSM. While I do not agree that pure rear view mirror method is superior, I think there are always pros and cons. Rear view mirror method tends to change allocation frequently, depending on the performance of the month/quarter. Sometimes PE gap doesn't close quick enough and you'd be holding it for a while before you see results. Sometimes PE is very distorted for example China overall PE is low, but other than banks which are the larges ones, the PE for the other companies can be really high

keep the discussion going pls

Hmm. So many different version of answer

If I'm you, I'd do this

Set up 2 personal account - one under your name; another another wife's name

The one under your name, create a beneficiary account with your wife as beneficiary. All your cash investments can go here. EPF and PRS investments has to be in your primary account

The one under your wife, it depends, is she going to put you as beneficiary? If yes, then create a beneficiary with your name as beneficiary

Why need 2 personal account? Any payment in and out must be from/to the name of personal account holder. Next time when you have kids, you can also have beneficiary account with them for their education fund

This post has been edited by dasecret: Aug 3 2017, 10:22 AM

So direct ka?

FSM has yet to send out the distribution email and therefore the distribution units is not reflected in your holdings yet. It can take up to 20 days or so. Patient pls

That's why I've always told him to use all these determination on his career instead. The attitude is right, but are you focusing on the right thing?

Like you say (was it you?), no one get rich from UT investments, but many ppl get rich from their business venture, and to a lesser extent, a rewarding career

At 20 something, if one does not put in their 110% in their career I feel that they would have lose out so much. If don't work hard now, 30 something baru want to shine ke? By then your options would be so much less and your peers would have been way ahead

Talking about me? Been busy la

Anyway, one has to know the pattern of AH funds, especially for this quantum, volatility is higher and follow MY market trend more than Asia pac. I'm still keeping the fund, until teng Chee wai leaves I guess

P/s: u shd summon the fella who laugh at me for not buying more when the fund announced softclose. That time NAV was about all time high