Serbak, K power, SCIB, all need to avioid too

china up up up!

why up so fast, honestly was hoping that it will stay down for the next few years so that we can have sufficient time to accumulate enough before moving on to the next phase.

interesting fact that there is this Money Market Funds (MMF)
AmanahRaya Syariah Cash Management Fund, YTD best performing in MMF asset class

felt fishy so checked its fact sheet
- TOP 5 HOLDINGS there is serba
- it consists of 55% sukuk but still, it is tagged as MMF, thus the high performance

I wonder if it's ironic FSM tagged this fund's risk rating as 0

Hi understand this is a Malaysia online forum but notice alot of discussion on fundsupermart. So I register to share and exchange opinions from each other.

I start investing with FSM when they first launched in Spore 2000. They only do buy/sell UT,ETF in their early days and also company has not IPO yet. Now year 2021 they have grown so much and do so many kinds of business besides UT,ETF.

As FSM long time customer, my lesson learnt is UT,ETF is really more for holding medium to long term and in between re-balance. You should be profitable provided you selected the right UT,ETF. It is not suitable for investor going for quick bucks which are more for stock/share, currency etc investment which can realize profits/losses super fast and I notice FSM also doing stock/share trading business nowadays too.

My investment strategy is CPF (aka Msia EPF equivalent) are for holding medium to long term. Cash I typically go for dividend paying UT. That means alot of UT,ETF is restricted for my case. Only CPF approved UT can I invest and only dividend paying UT can I invest.

Would like to hear from fellow members what is your investment strategy. EPF (for you all?) and cash. For Spore CPF invesment all profits goes back to CPF (until I can like a tortoise withdraw abit abit at retirement age 63?) so I tend to just switch profits to buy other UT,ETF never to realise. Cash I like the feeling to get monies every month so I target dividend paying strictly.

Lastly, keep safe everyone.

for some, they will consider their EPF as a form of Fixed Income funds....(which gives about 6% pa), so they will just leave it there to compliment the allocation of their whole investment portfolio
for some, they can only "qualified" to take out abit of their money from EPF for investment,..thus since they still have a big chuck of their money in EPF, the will then can try use that money taken out from EPF for a more adventurous investment.
for some, they don't go for dividend investing thru the use of UT funds,,,,for the performance of dividend focused UT funds does not gives better returns than non dividend focused funds or gives better price stability than non dividend focused UT funds too.

since you have 20 yrs of UT investment experience, why have you not venture into ETFs investing? cheaper holding cost and alot of etfs to choose from in FSMONE or any other online platforms in Spore...much more than what are "regulated" & available in M'sia...

Then EPF work very similar (except you all can withdraw all out at age 55 ? we cannot monies die inside only can withdraw abit abit like monthly allowance) to Spore CPF. We have CPF-OA give 2.5%, CPF-SA give 4%. Minimum cannot invest is CPF-OA 20k and CPF-SA 40k. But 2.5,4 is definitely quite lousy so take monies out invest after meet 20k,40k cannot invest criteria.

My logic is UT I put X dollars it is X dollars worth of units. The quarterly platform fee kicked in later and by that time my UT already earn monies to pay. As for ETF it is upfront put X dollars take SGD 8.80 Flat Fee per transaction means upon buy I "lose" 8.80. Sorry to me 8.80 also alot haha.

Understand ETF mgmt fees etc are very much lower than UT but I do research some UT do can outperform them so choosing the correct UT is crucial. I want to ask FSM Spore UT FSM Msia ppl can buy and vice versa? Because when I use FSM Spore fund selector I cannot see the UT you all mention in this forum so I think they are segregated?

Means EPF MUCH BETTER because can take ALL OUT. For CPF we got minimum sum to maintain that cannot be cashed out and that sum keep rising every year! Same with our retirement age going to age 63 soon! Imagine you age 55 cannot find work need monies all die inside cannot take out. I know this is straying from investment thread so I shall stop at here.

Actually for UT, the daily NAV price released is already net off all charges. So when we compare the performance we are already looking at those numbers without the charges. And with these numbers take to compare with ETF and if it still perform better means this UT is ok can consider.

Just recently I notice a UT that is like ETF that can be invested using CPF monies. Infinity Global Stock Index C SGD Annual Mgmt Charge 0.2%. It basically is a feeder fund into the famous Vanguard Global Stock Index Fund in US tech stock like Apple,Amazon etc that form the MSCI World Index. Then you may ask why not invest direct into Vanguard correct? Well as I say I want to invest using CPF and not a lot of UT are allowed to take CPF monies. Spore MAS has quite stringent criteria on UT that accept CPF monies.

Our Spore CPF contribution rate is quite high for both employer and employees in comparison to Msia EPF and that is why I keep wanting to use those CPF monies to invest rather than let govt take and invest and then return me the measly 2.5 and 4.

For cash I still prefer dividend paying (monthly, quarterly) UT (it may have lower returns) but as long as green color it is ok. I am retiring soon so every month got monies come in as dividends is better for me. The CPF monies stuck inside unlike Msia EPF can take all out.

Long time ago in FSM Spore investors have a great debate on UT vs ETF. There are some hardcore ETF and some hardcore UT. For me I am neutral. I just compare perf among them I have no preference. ETF main argument is always the lower charges etc. But for me if ETF lower charges but performance cannot beat the UT then it is moot? So I look at the returns instead be it UT or ETF. Also for me whether I can use CPF monies to invest in ETF is a big criteria as CPF got a-lot monies stuck inside.


I think you meant CPF (Spore we call CPF but in Msia you all call it EPF). Yes CPF can be used to invest in stock. But you must know all CPF monies profits if say you sell the stock will goes back to your CPF. It can never be transformed into cold hard cash. Not sure about EPF though.

Why I don't use my CPF and invest into stock as it is too risky as UT is a basket of stocks so lesser risk. And also with X dollars put into UT, your X dollars are used to buy "many stocks" compared to a single stock with X dollars you invest yourself. Of cuz returns will correspondingly be lower using UT which is why UT is more for medium to long term.

Amateur on ETF seeking advice/views.
https://www.fsmone.com.my/funds/research/ar...-shar?src=funds

Referring to the above, is there any strong reason to buy into an ETF on the US market vs a similar that is on KLSE? Really trying to understand.

At least 1 word. Liquidity.

Personally I don’t think any malaysia ETF worth to buy.. can’t even find a reason why I should go for Malaysia ETF... if want simple and stable ETF just go for SPY, QQQ either monthly DCA or buy at dip. China ETF might look good also but better DCA instead of lumpsum at dip

I would like to know monthly DCA I assume is invest once a month correct? Would like to know if anyone also goes for weekly or fortnightly DCA instead of monthly? Daily DCA don't make sense for UT,ETF I guess.

normally is monthly, because people want to make it simple and easy. in long run the performance should make no big different i think? As long as the ETF/UT you buy are healthy (going uptrend) in long term else maybe should consider stop or switch...
for me if let say weekly go top up an ETF or UT then too much hassle for me.. if want to DCA and also DIY can allocate some capital for monthly DCA, some for buy at dip, some for goreng etc.

the frequency is really up to yourself, but if let say for weekly, i dont think the price itself will be difference much, so i dont see the point of DCA weekly. just my two cents.

Ok why I ask about DCA weekly instead of monthly is because only recently I start to invest in UT that is denominated in China RMB or FSM CNH. I will usually need to convert my Sing dollars to CNH before put a purchase. I notice the currency exchange rate can fluctuate quite a fair bit even daily. If you change big sums that difference can eat into your returns. So now for me, my Sing dollar currency UT/ETF is DCA monthly like what you all did. For UT/ETF currency that is not Sing dollars for e.g CNH I DCA weekly.

I also did a search, FSM offer say UT123 (Sing dollars) and the SAME UT123 (CNH). But it will be S$1000 vs CNH1000. So with S$1000 I can buy at least 5 CNH denominated UT/ETF. That is, with X dollars I am able to diversify into more UT/ETF gaining more exposure. The downside to this is currency exchange that can potentially eat into your returns. Hence I am quite cautious of this and always look to do currency exchange weekly instead of monthly. So as I exchange I also proceed to put a purchase my weekly DCA operation so as to speak.

For you all, do you invest in UT/ETF where currency is not denominated in MYR ?

PS Btw Sing dollars now quite weak against CNH. Used to be S$1 give 5 CNH.

was expecting my china funds to drop these 2 days..but.....

unless you can have foresight....

when you are investing in investment that are not denominated in the local currency...
there is ALWAYS a currency risk factor....
which can be both GOOD and BAD depending on the trend.

this currency risk can impact the investment returns in either make it worst or amplify its returns

googled and found this
Foreign Currency Effects
https://www.investopedia.com/terms/f/foreig...encyeffects.asp

Advantages Resulting from Foreign Currency Effects
Disadvantages Resulting from Foreign Currency Effects
Foreign Currency Effects Example

if you really want to maximise returns by trying to time the forex movement, then why not try to time the movement of that investment too (UT/ETF)??
if you want to time the entry of your investment,.....then that is not the maxim (rule of conduct) of most people that do DCA...

DCA was supposed to be "remove the emotion" in investing, may not get the BEST buy price, so also may not get the WORST buy price, may not provides the BEST returns, so are it may also not provides the Worst returns, when compared to non DCA

What Is Dollar-Cost Averaging (DCA)?
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.
The purchases occur regardless of the asset's price and at regular intervals.
https://www.investopedia.com/terms/d/dollarcostaveraging.asp

most of the people will just time it to coincide with the arrival of the income (pay check),...thus most probably every beginning/end of the month.