tax auto deducted from dividend payout before distributing to investor? don’t tell me I have to declare this in tax return form.

no merdeka promo ?

is there any new signup bonus atm ?

Hi guys. Was hoping to get your opinions on this. Have been contemplating on how to simplify my small portfolio for awhile now. I feel there’s overlap between funds and my portfolio is less than 10k so doesn’t make much sense to have so many funds at this point too.

It’s currently:
-Affin Hwang select apac ex jp dividend fund
-Principal apac dynamic growth fund
-Principal global titans
-Manulife US equity fund

Proposed change:
-Principal apac dynamic growth fund
-Manulife US equity fund

What do yal think?

Yep. It’s quite messy now, as it was put together over time.

Currently:
-Affin Hwang select apac ex jp dividend fund 33%
-Principal apac dynamic growth fund 24%
-Principal global titans 32%
-Manulife US equity fund Manulife US equity fund 12%

Ideally it should have been during normal markets:
-Affin Hwang select apac ex jp dividend fund 20%
-Principal apac dynamic growth fund 20%
-Principal global titans 30%
-Manulife US equity fund 30%

But as the markets are down and my monthly contribution being minimal it would take many years to get to the target allocation. Also whilst trying to get to the target allocation it would be at the cost of not being able to average down the funds that are selling cheap at the moment, ie the apac funds.

Hi Sifus,

I intend to switch from Fund A to Fund B and I'd checked both funds do not incur any switching fees.

But when I performed the switching in my account, it says there is a switching fees of 1.5%. Why ar?

Affin Hwang Select Bond to World Series Japan Equity MYR.

Any ideas why?

Hi, would like to know is FSM able to purchase US stock like Apple & Tesla?

If yes, is it recommended to use FSMOne or there is other platform to purchase which is better in terms of lower transaction, etc?

If anybody got FSM singapore referral do drop me a PM

So basically it’s not so worth it to invest in US funds via UTs huh.

Hi all,

I know it was mentioned before somewhere; e.g. a 50% drop in NAV needs X% increment to break even.

What is the formula? Appreciate some examples. Thanking in advance.

Hi guys, not sure if its the correct thread to post the question in but had a sudden thought on my current situation:

First disclaimer, im currently both invested in FSM and IBKR.

With the increasing USD-MYR rate recently, it would seem more expensive to use MYR to buy USD to trade on IBKR.

Assuming the stock that i wanted to buy is part of a fund in FSM (and also assuming i also don't mind to own the other stocks bought by the fund)

Which is actually cheaper? Does the FSM have a better leverage to buy the stocks at a better rate?

Received a phone call yesterday from a FSM representative, who advised me to sell AmanahRaya Syariah Trust Fund due to Country Garden, one of the top holdings, at risk of default.

Country Garden Real Estate Sdn Bhd is indeed listed in the last fund report (31 Aug), with a significant amount of RM80 mil. Fund total is slightly over RM1 bil. Pardon me if I'm reading the report wrong.

shouldn't the fund manager be the one to sell if it's at risk of default? else pay management fee for wat? lol...

Received a phone call yesterday from a FSM representative, who advised me to sell AmanahRaya Syariah Trust Fund due to Country Garden, one of the top holdings, at risk of default.

Country Garden Real Estate Sdn Bhd is indeed listed in the last fund report (31 Aug), with a significant amount of RM80 mil. Fund total is slightly over RM1 bil. Pardon me if I'm reading the report wrong.

CG has just been downgraded and withdrew from ratings by Fitch and S&P.

https://www.fitchratings.com/research/corpo...ings-09-11-2022

https://www.caixinglobal.com/2022-11-10/cou...-101962806.html

First time receiving such call. And I'm not a particularly active investor either on FSM.
I couldn't hear clearly on the phone. She said something about CG not servicing their debt on time and I can probably reinvest if CG manage to pay by next month. This is inline with bond regulations that I've read about, 1 month grace period to service interest payment.
This isn't in any news yet. Probably insider news from banks. So I had my doubts.

Hi Sifu,

I was going through the semi/annual report for Principle Global Titan Fund - MYR, and notice the following section about Unit Holder Statistics.

For Class MYR, does it mean that as of 31 Mar 2022, there are only total of 8215 accounts/investor that holds this fund?

I was expecting more investors.

Thanks.

In that case, why bother to DCA? Isnt it needs a very long time to be profitable if the price keep dropping for months?

Buy low sell high still applicable in this case?

Thanks.

But looking at your example, isn't it still buying at a loosing end (although we are accumulating more units)?

I give a real example of my investment. I bought the Principal Asia Pac Dynamic Income Fund when the market was good many years ago. Despite the bad market  nowadays, it is still green. However, I also bought the same fund from a bank last year and no matter how much I top up, it is still red!

is that worth to put fund to Cash Management Fund 2? Interest shown 3.014% already...