i guess eventhough the names implies online.....
there is a time lag needed for human interactions, verification and approval....

some PRS providers has this ....
"For documents and payments received on a business day before 11.00 a.m., orders will be transacted on the same business day. Documents and payments received after 11.00 a.m. or on a non-business day, orders will only be transacted on the next business day."

thus even it is before 1 Jan 2019....it cannot do it.

i guess there will be a time lag needed for informing the the FH, the time lag needed for processing the buy order, the time lag needed to inform the PPA, etc

i think if you go to the PRS provider directly instead of through an intermediary, then maybe a shorter lag time in processing is required

WOW, What a roller coaster rides for the day
ended GREEN

may just be for last nite.....then





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Same as me.. bought in b4 trade wars.. lol.. now rugi 1x%

Imo, nothing ups and downs forever so jz do Ur homework and act accordingly..
Those u deemed worthy, DCA
Those aren't, hold or sell

Once u have sufficient homework, u won't be as worried.

This post has been edited by xcxa23: Dec 28 2018, 09:48 AM

My best decision for 2018

Can't say the same for my KGF and some china funds. Losing heavily here.

This year has been a roller coaster ride for most of us. We may accept finite disappointment but never lose infinite hope! Thanks for all the generous advice from sifu sifu here.

Today marks my last working day for the year. So, see u all next year and wishing you a Happy New Year!

Happy New Year everyone.

It is an investment year that most of us would rather forget. We may have lost the battle but we have not lost the war yet.

I am just continuing my DCA plan as per usual. ZZZ

Happy New year everyone too....

This was an investment year that would be too value able to miss for it make one realised and realigned one true investment perception, risk appetite and investment beliefs that one made prior to 2018....

I recalled many posting by investors that are gung ho and lion hearted in their fund selection and allocations in 2016/17.

moderation, keep on investing and keep on enjoying what had been given.......remember that there are many others that does not have what we are having....

Happy New year and may the best be coming to us all....

This post has been edited by yklooi: Dec 28 2018, 12:44 PM

The new mobile web is really good!!

compared with the "Old" version....why is it better?
Many had complaint that the new version "sucks'

This post has been edited by MUM: Dec 28 2018, 12:59 PM

Old version doesn't support mobile at all. Now looks good in mobile view.

OK.... then

Hey everyone,

I just want to share my bad experience regarding FSM Managed Portfolio for your information.

I have been investing regularly with FSM for nearly 2 years. My DIY Portfolio is 100% equity while my Managed Portfolio is Moderately Aggressive (75% equity & 25 bond).

For the whole duration, I have noticed that DIY portfolio had better returns and incurred less loss compared to the Managed Portfolio.

7th Dec 18
I have decided to cut my losses and sell 100% MP. I know that 1 year+ is too short to judge their MP performance but I have decided to invest it elsewhere.

11st Dec 18
Confirmation of the sale. However, I noticed that roughly 10% of the amount is missing. Contacted FSM Customer Client and they informed that a portion is under rebalancing and he told that the remaining portion will be automatically redeemed after the rebalancing action is done.

19th Dec 18
FSM banked in the proceeds from the sale made on 7th Dec 18.

24th Dec 18
Still no info of the remaining 10%, I contacted FSM to know when I can get the money.

26th Dec 18
FSM replied and informed me that they will sell the remaining units on the 27th Dec 18 which is T+13 after my first sale order. I don't believe that the rebalancing action took longer than my first sales order which was T+7.

27th Dec 18
I asked FSM if they have forgotten their commitment to sell the remaining units once the rebalancing action is completed. They replied that it is standard FSM practice to sell it at the remaining units at the end of the month. How convenient?!

I replied that I don't see such practice is stated on their website and it was contradicting what his colleague told me (verbally and black & white). He apologised and thanked me for the feedback. They will improve and offered me 0% sales charge for the next order which I refused as a sign of protest.

So, in the end, the remaining units have suffered additional decline especially on the 24th Dec 18 and i have to wait another 7 working days to get the rest of my money.

agree.... the MP is a joke.

I withdraw partial on October too. but the real amount after T+10 is less than the estimated amount. wtf... later cash account only return 10 myr.
jilaka.
statement also not clear on selling.

now withdraw fully. tired of that shit.

nobody know when is the high.
so the best way for u is keep every week invest

No, it's not the best way. It can even be a really lousy way.

For Cost Averaging to be profitable, it depends on the average-cost in future to be higher than the average-cost today.

Or put it another way, if you look at the fund performance chart, it should trend upwards over time, given a few up/down blip every now and then, but the general trend should be upwards.

But many funds do not achieve this. Quite a number are negative over time, and others barely keep their head above water, on average. Hence, the common impression that the return is around FD or worse.

When fund agents (and even fund houses) tell you about cost-averaging, they "forgot" to tell you about this particular point - the fund MUST trend upwards over time.

To demonstrate, from the old FSM performance 5-year table, 111 funds are 0-4% returns, and 75 are NEGATIVE returns. Cost averaging is not going to help in these cases.

I haven't come across where the new FSM tables are, but in general, the new website is a backward step.

Let him continue to do so. Mati dia.

finally.... someone I can see eye to eye....

from beginning of March, I been objecting DCA for year 2018, since the trend is not going to be good. those who DCA all the way till now, any EQ fund will bleed like mad.

I see no meaning when the market is on general downtrend, you still put money into it and hoping to bounce back eventually and what make the most obvious point to stop in EQ is that the 10 year cycle and political instability and the trade war as well....

DCA in such high volatility period is so adventurous and dangerous...

It is not though, if a person is no expert at timing the market and has no immediate use of the funds invested. No one has discovered any other formula for investing which can be used with so much confidence of success regardless of what may happen to security prices.

However , please do note that this is most applicable for broad market investing such as ETFs. Cause if the active fund you are holding has a bad manager and higher expense fees, then it will be worse.

Maybe i speak for myself but i think people do not hope for it to bounce back immediately but as long as it is going down, it is still a price cheaper than the day before.

If you guys who can time the market , please do teach me too ! i also would like to enter at the bottom and sell at the peak.

https://www.cnbc.com/2015/08/27/the-inspiri...timer-ever.html

What are you saying? That if a person is no expert at timing, it is good? That's not the case, as I already pointed out, with examples.

My point is, if it's not already clear, is cost-averaging is not a guarantee because there are pitfalls you need to be aware of.

That is exactly what I am saying. The average(and most 'pro' investors can't time the market . Hence strong discipline for DCA is proven to be good .

5 years is still quite a short horizon. And maybe I am mistaken but pretty sure the result would not be the same if DCA every month compared to a 5 year return chart.

Oh well, I agree with you regarding the certain bad funds as well but I also can bring up the best example. Just the s&p 500 .

Can try checking out Benjamin Graham's book

Ps, I agree there are certain pitfalls as you mentioned , DCA is most deal for ETFs or broad index funds . I can only tell you the result when going to retire