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This post has been edited by xuzen: Feb 11 2017, 02:39 PM

I have seen DividendMagic post here but rarely. I hope he can come and show me or us his working and let us scrutinize it. I wish to see his logic behind the numbers. I hope the dividendmagic poster is the same person who owns that blog.

But Ramjade, while waiting for DividendMagic to come back to us, reread my post again. Stock trading comes with a price. Unless you are the type who buys and holds it for umpteen years.

===========================

On another hand however, your post highlight one thing that is quite common, that is, many of you noobs will read somewhere some articles written by some omputeh who talks about low index fund, low fees bla bla bla and then repeat it here in Malaysia context without first investigating that those articles are written for a certain country specific context, namely US market.

Yes, in the US you have ultra low cost ETFs and whatsnot. What is my bug bear is many noobs will quote these articles and treat it as gospel truth and not realizing that those articles are written for a different geographical and demographically different audience.

Xuzen

p/s Further more Dividend Magic makes an assumption that 7% ROI by a professional manager can be replicated by an ordinary run of the mill retail investor which I believe is over generalization. On the other hand, he assert that fund manager consistently cannot beat the market. This assertion is another fallacy that he and many other repeats without first investigating the origin of this fallacy.

The oft repeated mantra "FM cannot beat the index" originates from Vanguard's John Bogle and John is correct..... for the US market. Unfortunately this mantra has been used too freely and applied as a blanket statement to all mutual funds, when if one investigated further and thoroughly it was originally intended for the US market.

However, if you look at Malaysia context, our beloved KGF / Kapchai beats the benchmark year in and year out for the past ten years and that is despite already factored in the MER.



This post has been edited by xuzen: Feb 11 2017, 04:32 PM

Lai lai, Xuzen gor gor give you spoon-feeding info. Open mouth wide wide and swallow whole:

1) Lu suka sama itu Lee Sook Yee fund kah? Then PRS into her using KenangaOne PRS Growth fund.

2) Lu also suka sama suka itu Kap Chai fund? Then buy from FSM lor... dua dua pun boleh kahwin. Apa yang susah sangat?

Xuzen

Thank you friend Dividend Magic for your reply. Yeah, I was using calculation based on my old data that is MYR 40.00 per trade. You can now roughly gauge how long ago my last trade was. I recall during my time as an active participant in the retail stock market, online trading was not in vogue and MYR 8.00 per trade is unheard of! I had to pay MYR 40.00 per trade, seriously and no kidding! I really pity those stock-broker who are still in business nowadays. How do they survive these days?

Dividend Magic and I perhaps represent the above average investors in our respective area of expertise. Hence most likely both of us possess the knowledge, tools, system or "luck" to sniff out winners more frequently than losers.

In this sense, from a personal point of view, I do not have to worry about the 99% as I have a system to identify the one percent. Anyway, friend Dividend Magic, nice to have a verbal sparring with you. It is like a sifu meeting another sifu and have a friendly sparring with each other like the days of old. Appreciate it.

Speaking of benchmark or index, for KGF, instead of KLCI, a better benchmark should be the EMAS index no?

I remembered during my days when I was an active direct stock market participant, I did read a lot of report and reports. One of the reason why I moved to unit trust participation is to simplify my life and let those professionals do it on my behalf.

Xuzen

This post has been edited by xuzen: Feb 12 2017, 04:45 PM

But many many thanks on your vote of confidence!

This post has been edited by xuzen: Feb 12 2017, 10:12 PM

Both UTF NAV & Stock price do increase ex-dividend date, not just stock price alone.

However, if one wants to really be nitpicking or hair splitting (hint hint Dasecret), dividend from stock is taken from the profit and not capital. If capital is used, then the term used should technically be called capital repayment, not called dividend.

P/s waiting for auntie Dasecret to come and correct me or to give her dua sen worth of professional advise. For the uninitiated, auntie Dasecret is a chartered accountant

On the other hand, distribution (UTF's jargon eqv to dividend for stock), can be taken from both income and capital.

Xuzen

This post has been edited by xuzen: Feb 12 2017, 10:17 PM

We all are in this journey called Road to financial freedom or some called it Road to Comfortable Retirement.

Some like to drive their own cars because they simply love to drive (DIY Stock investment)

Some like to kick back relax and let someone else drive them in a chaffeured limosine to their destination in comfort. (Private Banker or Bank RM or Licensed Financial Planner)

Some like to save money and and take a public bus or KTM Komuter to their destination. (DIY UTF low cost platform like FSM).

Macam-macam ada... lu suka yang mana satu?

Xuzen

This post has been edited by xuzen: Feb 12 2017, 10:34 PM

People,

It is not advantageous to friend Prince_mk for you to say this or that before determining some facts from him. For example:

Friend Prince_mk, how much is this portion of investment relative to your overall networth? If it is like huge, then you are exposed to Concentration Risk, to be specific: Single country concentration risk. This is an disadvantageous long position.

If this portion of investment is like a small (for play) type of investment, then even if 100% also never mind .... LAH!

What is the other 50% of this portfolio consist of?

Is this position part of your KWSP-MIS or PRS Kenanga One PRS Growth fund?

Xuzen

This post has been edited by xuzen: Feb 13 2017, 10:15 AM

Where got so many variables?

Only need to know the following parameters only, that is:

Return of Investment (1),

Standard Deviation of Mean (2),

Correlation Coefficient ratio (3),

Forward Price earning ratio of benchmark (4),

Four variables only .... mah!

Xuzen

Because auntie is a chartered accountant mah! Your words carry more kilograms than mere peasants like the rest of us.

See above, reply also sound so canggih wan!

Consider this thus, if you withdraw from KGF from your KWSP-MIS, it goes back to KWSP first. Then if you withdraw again from there to another UTMC, you will be levied another round of sales charge. Not a smart move!

This is what I have highlighted before and that is for KWSP - MIS participation, Kenanga is a poor option because amongst it KWSP-MIS approved UTF, only KGF is worthy of investment and not the other. As such Kenanga is a one trick pony and that is why I am reluctant to participate in it, even though KGF is a good fund. Sometimes we have to see in totality and not myopically.

Best option, stick with KGF. For fresh fund consider eastspring, AHAM, CIMB or RHB because they have greater options. Like a buffet dinner, macam-macam ada.

Xuzen

p/s My personal preference is Eastspring because it has a good mix of equity, balanced and fixed income fund available to KWSP-MIS participants.

This post has been edited by xuzen: Feb 13 2017, 02:24 PM

But the chosen one says don't listen to him....

Xuzen

Lai lai, I give you all more poison!



NAV turun = maki - hamun

NAV naik = takut pulak!

Apa lagi lu mau?

Xuzen

Mine is never a low risk portfolio. It is a moderte risk portfolio. I seek balance in life..... ommmm ommmmm ommmmm

For Asia-Pac ex Japan I use RHB AIF and Selina Fund as my proxy.
I seek balance in life.

Return of Investment divided by Volatility.

Xuzen

Now market hot, so many new faces come and share share victorious war stories.

Good good!

When market down like during early of 2016, tak tahu semua pegi mana?

Xuzen

Suddenly no longer Unit Trust Tipu orang liao!

Huh? Now only you know ar that KapChai™ fund is positively correlated to Bursa? You a bit on the lembap side hor.....

You how many years main unit trust fund liao? Really unforgivable!

Xuzen

This post has been edited by xuzen: Feb 16 2017, 09:40 PM

Lu inin orang hor... I bet when you answer the standard risk profile questionaire, when she ask you you answer the following:

1) I am in this for long term.

2) Temporary market up and down do not bother me.

3) I seek capital growth bla bla bla.

Now market slightly goyang only, so fast kecut and pecut!

Xuzen

+40% to -10%? How did you come out with this figure? You pluck from the sky is it? Oh! I forget, you always tok-kok one and don't listen to you (You yourself admit previously not to listen to you). I forget.... my bad. So sorry!

Xuzen

P/s To the rest of the participants of FSM thread may I have your attention please. If some tok-kok feeller and they declare it openly it is just for laughs, it is ok. But when one tok-kok and pretend to be serious talk or worse still, tok-kok and don't know he / she is talking cock, and newbies take those advise and apply them in real life, then it is no longer laughing matter. Newbies, you have been warned.

This post has been edited by xuzen: Feb 19 2017, 09:54 AM