Sorry can you give an example what is pseudo custodians and full custodian? Pseudo custodian is not custodian?

Above caught my attention. That is a rather big allocation on small cap fund which I also have but smaller. The upside is good if it perform well.

This fund geography is Malaysia only small cap fund? Hmmm more daring than me. My small cap funds are usually say Asia,Europe etc region based small cap fund.

Sorry pls ignore above. I am from Spore just notice yours is FSM Msia. It doesn't hurt to support your own country economy. Then quite ok allocation.

This post has been edited by sgh: Dec 27 2021, 01:55 PM

Ooh I think I misunderstood the meaning of custodian. Back in Spore when we bought SGX stocks there is a company called CDP that will hold all our shares. When we transact with brokerage it will deposit the shares in this CDP not the brokerage. So broker 1,2,3 different broker you use to buy sell all will go into this same CDP account.

So when the stock are held by the broker in your case IBKR I thot this is called custodian acct.

delete

This post has been edited by sgh: Dec 28 2021, 05:37 PM

Ok some kind investor give me below link

https://blog.seedly.sg/cdp-vs-custodian-account?amp=1

CDP is not a custodian. It just help to hold the stocks for us and all the stocks are in our names. That means IBKR is indeed a custodian as shares are either held in their names or listed banks they chose. IBKR investor shares are not held in investor names.

That means above not exactly true as I read here quite alot Msian investors are with IBKR etc.

So the easiest to know is shares bought with broker are held in whose names is the easiest to differentiate. In this case I think now alot new fintech are custodian model where shares are not held in investor names.

To modern investor held in whose names don't matter a lot but say if that fintech go missing so are those investor shares since it is not in investor names. But I do agree IBKR is too big to fail. But yet Lehman Brothers incident years ago seem to tell investors be careful anything can happen.

Another poster in here talk about platform safety and now I can understand his concerns even if that means fork out more monies. So end of the day it is up to each investor decision.

Can I know what is direct acct? Does it means shares you bought via the broker is under your name? FSM is custodian so shares bought will be under their iFast name same like IBKR,moomoo,tigerbroker etc.

Thanks for sharing you are not alone. Almost all investors with China/HK funds all see red color for 2021 me included too. But since you have diversification you do not lose so much. My only China (Greater China actually) fund that is not red color is the one bought in year 2000. The rest bought in 2020-2021 all seeing red color. A sea of red.

Just to add on if one intend to invest in ETF that is NOT listed in US stock exchanges, there are more options to explore besides IBKR. I know moomoo, tigerbroker offer competitive fees for SGX, HKEX etc. May not be cheaper but worth to do some exploration.

US Nasdaq into correction now (the news I read told me). So all US exchange counters mostly red color. UT that has heavy US exposure will be affected. We experience that from China related last year now this year is US turn. ETF that is US-centric sure also kena red color. Investors who use IBKR for mainly US ETF hit hard I guess.

How long have you got those funds? If not long it is time you fully feel what is correction. I kena a few times in my 20+ years in UT investment. But most of the times over a long period your UT should be in green color unless that fund is really lousy. If you really cannot take it then UT investment is not really your cup of tea. Once it recovers (maybe 6 months to 1 year?) you can sell all off. If sell now sure lose monies.

The very first time I kena many many years ago really very depressing and I actually sell some to cut loss can you all believe it? The second time I am smarter I hold but I control the amount and frequency I used to DCA in.

But one good thing for correction is because sometimes I hold 2 funds that is in the same geography/sector I observe how steep fund123 and fund456 drop and vice versa how fast they climb up. Then I will exit one of them once correction is so called out of the way. It is only in a bear market we see how each fund manager "true" skills is at picking stocks.

Someone may ask why buy 2 funds in same geography/sector correct? In my early age no monies so can only have 1 fund. But later stage of life more monies so more adventurous. Why stick to 1 fund, who knows the other competing fund also better? So I invest in both (amount is same as previous but split into 2 parts) and see who perform better. Not sure if this really can make more monies just my own simplistic thinking but when correction occurs and go away very easy to spot which fund to retain and which to sell. So far I keep to at most 2 funds of same geography/sector not thinking of going for 3 or even 4 which is overkill and too much wait I cannot digest diarrhea.

I think the definition of a correction I read is about 10% so Xmas may not be defined as such so everyone thought it is just your typical blip on radar.

I don't think it is only affecting tech and small cap basically any stock that is US or even Europe is hit. I got both US and Europe and non-tech in funds all kena. Only diff is how red is the colour.

Not ending at 10% I read may go down further to 20% so wait to decide at the 20% mark.

I notice your US equity fund still green colour can I know how long you holding this? If it is many years ago it just confirm funds are meant for mid to long term.

My year 2000 bought Greater China fund still green colour despite the bloodbath in 2021. Those bought later all bled red.

Thanks for sharing but in the screenshot US equity still green colour perhaps only temporary because if the US correction slide down further his will be in red colour territory.

This US bloodbath not only hit UT I think SA US centric ETF sure hit hard too. Likewise for those who use IKBR buy US ETF directly everyone is bleeding?

This is truly correction at play here. Hold on, cut loss etc each investor take care. What goes down will eventually goes up. Are you in for the ride or exit early?

Ppl mention need to re-balance portfolio at least once a year. I would assume this re-balancing possibly include selling to lock in profits. The problem is the fund you have may continue to rise up further so if you sell you "lose out" of the additional gains. Vice versa the fund may continue to drop and you blame yourself for not selling earlier. So this become a catch-22 situation, different investor react differently. If you lock in the profits those monies is for your other investment or to put in bank say FD to protect the capital or to use it for spending?

For me FSM funds are mostly CPF (aka Msia EPF) so even if I lock in the profits I still cannot use ATM press the monies out so I usually do a switch to other funds. For cash investment yes I do sell partial units off once a year to get the monies for spending like CNY expenditure as the market rate of red packet keep rising every year!!! During my earlier times is $2-$4 now you put see how many black face and 'suaning' you get from relatives!

PS maybe off-topic but Msia market rate for red packet is now RM5-10 ?

Understand this is a Msia forum but sometimes we need to be realistic. Some can be patriotic say support own country economy. Some is more practical look for monies. I get myself exposed to Msia stocks in funds that are Spore and Msia combined or Southeast Asia funds never 100% Msia only fund. Just my preference after trying a few times (i.e buy and sell after X years) in the past the returns really is <fill in the blanks>

Hmmm above info from where? If true no wonder last time I tried a few times 100% Msia UT rugi monies sia.

Hi can I tag along? ETF track an index and some index can have up to 100s of stocks so that ETF will buy all? I was thinking more like they buy most but not all? And even if buy most how is the weightage allocated among each stock? And if there are say two ETF that track the same index it is possible the returns are not the same since they do not buy the exact same stock with same weightage am I correct?

I am still trying to understand ETF currently so anyone who has invested in ETF very long time can give some advice?

Can I know the FSM you are referring to is FSM Msia? Becuz at FSM Spore daily email news article they did sort of accurately predict US equities is at a all time high and time to lock in some profits. A week or so later it is true. I wonder if the analyst team in FSM Msia and Spore is the same? If different that can explain the different interpretation.

To play safe, I would suggest read the news from both FSM Msia and Spore to get a more better picture. Now with China beaten down to near 40% FSM Spore is advocating to plow in and even raise attractive-ness rating but at this stage I doubt anyone will heed all now looking at capital protection.

What is your definition of actively managed? Daily? Weekly? Monthly? Quarterly? I believe FSM articles say about twice a year or annually. For me was annually. You can set your own frequency.

What you said make perfect sense. The risk rating is there for a reason and MMF are not supposed to have such big swing. I am starting to think FSM Msia analyst are different group from FSM Spore.

I think maybe you all can write in officially to FSM for their side of story? It will be a pity FSM reputation is being wrecked by their subsidies outside of Spore. I guess that is the risk that come along as companies expand overseas outside of their homebase.

Hope this is just a one off incident.