Well, if a transfer from outside FSM can have 0% sales charge, why not the internal switching. They can give if they want to. Actually better for them ma, 0.5% fee per annum, it's long term recurring income

Very very good point there.... does any of the stock trading tools help to calculate portfolio volatility?

I very rarely do, when I do, usually use the credit ninja. But I guess I'm the outlier rather than norm

Now you know why they took a long time. They are probably asking boss - how ar this? All the forumers will want free transfer if we allow precedent. Well, it depends on what you want la, you can consider sell using credit ninja trick and the next time you buy you won't have to pay sales charge. But you came across as an impatient guy, so probably would not bother

Thing with managed portfolio currently is, min subscription rm10k, subsequent subscription rm5k. I don't know about you, but I don't have enough bullets to do subsequent subscription every month, so I'd still be gathering bullets in funds first and then when i have enough move them over to managed portfolio lor. But I use credit ninja trick la

Oh, thanks for the correction. Did they changed it? Why did I put in 5k the last time I top up
I vaguely remember in august it was min subsequent subscription rm5k. Oh well, 1k is easier la, how to find 5k to put in every month

You are assuming that all the bumi who are entitled to buy ASB has a significant sum in ASB

http://www.asnb.com.my/v3_/pdf/produk/ASB/2016_AR-ASB.pdf
Actually out of 9.1 million account holders, 6.7 million account holder which makes up of 73% of the total account holders have <RM5k balance in ASB

EPF asset allocation is a lot more conservative compared to ASB
EPF (based on memory, did not fact check) - FI 50%, properties & infra 20%, equities 30% - something like that, more like a balanced fund than an equity fund
ASB - up to 100% on local equities; although currently is about 75% local equities and another 20% in fixed income of sorts (can't see details)

So with that in mind, and ASB only makes 1-2% more than EPF, who is better?

A few reasons that I know of
1. CCRIS tak pass, debt service ratio too high hence loan won't be approved, or had bad loans previously and therefore bad credit record and bank won't extend loan to them even if it's relatively secured
2. ASB is not shariah compliant as it invests in conventional banks, so some muslims would not go for it. They may have an account in the past but may have withdrawed

Sustainable or not, only the government knows. Gut feel is Wahid is trying to make it more sustainable and therefore does not over declare dividend just to be popular

If you already think that fund would be recommended why not buy it now. I bought on 2/10, already made ROI of 1.3%

But IDS is more geng, 4.9% since 6 oct

Interpreting from the data and graph, basically you have invested slightly over a year, and the point where IRR and ROI cross path is the point where you hit one year (assuming a lumpsum investment in the beginning with no significant subsequent investments).

Moving forward, it will always be the case that ROI will be higher than IRR because ROI is cumulative and IRR is annualised. At the moment your IRR is 11+% which is quite good for unit trust type products. If you can maintain that I think it's pretty good; it close to 2 times of EPF returns and 3 times of FD promo returns

Your IRR is close to double from the lowest point right? Its annualised returns so it takes a lot of effort to catch up for a portfolio more than 3 years.

What is your expectation of the CIMB relationship manager to do with your money when you say "run it for me"? 99% of the time bank relationship managers would just recommend you to buy certain funds and that's the end of the service provided, maybe next year she will ask you to put another RM50k in another fund

I agree with the rest that it's no point buying same funds on both platforms, the results would be the same, only difference is sales charge upfront. What I would suggest is to see how the "run it for me" expectation plays out, you should put 50% with the CIMB relationship manager, and another 50% with FSM managed portfolio. This method also gives you the result to compare between portfolio method vs 2 fund hero method

Wah, congratulation both for beating the "benchmark" on LYN

yklooi, care to recap what you did right in 2017 compared to 2016 and before?

So in summary, it's diversify and don't keep chasing the flavor of the month(or the year)

Just to share the boring 5 fund portfolio; 60EQ: 40FI results. 2017 ROI about 12.5%



Sure, it's easy to say if i buy into 100% EQ i can have a glorious 2017. But how would it be like in Feb 2016 when everything came tumbling down. Even a 60EQ:40FI portfolio went into red. The point here is, take the amount of risk you are comfortable with, not targetting exponential returns without considering the risk

Bitcoin fans getting quiet these days?

Har? You mean you been holding back your ammo and lose out on last year's rally? Ppl here all raving of their returns of 10% or more wor.... is that why you needed the market to fall by 20% so you gain back your opportunity cost for not being fully invested last year?

Well said boss... investment wisdom does grow by age

Sudah naik balik... don't think it'll hit your 20% threshold to buy in

Been a really long time since I'm active here.
Thought I'd share that today is the day I sold my entire managed portfolio. I subscribed as 1 of the first 50 subscribers when the product was introduced in 2017. Sad to say this product trail behind all the other available hands free or DIY portfolio. So since it has went up quite a bit following market's, decided to let go before another round of dissapointment.

As of today, my do nothing, no strategy lots of cash DIY portfolio fetches me 6.x% IRR while moderately aggressive managed portfolio gives me 4.45%
For the FSM MY staff lurking here, please look into this product and learn from your Singapore counterparts before this product die a tragic death

As for what I would do with the redeemed proceeds, probably put in some bond funds and slowly move over to Stashaway. They have been pretty good with portfolio allocation

Hi uncle Looi, long time no see

We talk in IRR terms la; ROI is hardly meaningful without taking time into consideration
My ROI is 14.1% for what's worth. I invested 3 times within 2017

Agree with Lee; ROI is meaningless as you won't be able to compare with the returns of other investment vehicles such as FD rate, EPF returns, ASNB fund returns, property rental returns etc which is more annualised in nature

If you want to blank out earlier years, you can start with the year you want to start tracking, say 2018; with the market value as at 1 jan 2018; and then calculate the XIRR from 1 jan 2018 onwards; it would give a much better picture. That's how I evaluate my investment performance; although I start from day 0 la

The downside of comparing per calendar year is, some years you do better than EPF, some years worse off, what does that mean exactly? need to have a more cumulative view to compare