QUOTE(ganaesan @ May 26 2017, 08:21 PM)
Reasons for top up is to re-balance the portfolio... when there is a trigger point to take market downside or upside opportunity...
Moreover, top up is not a compulsory.. Its an optional aspect to better manage the funds during different market volatility.. Its just an option to take market correction..
Even now when we do our own funds management, D.I.Y. , we still do re-balancing...
End of the day, we actually can make that projected returns by doing our own DIY....
See @Ramjade post Managed portfolio is suited for those who got no time to keep track of their funds and not dared to take decision to do market correction...
Correct me if im wrong...
Your argument is just biased. That's it. If you think an investor is smart enough to perform cost averaging, then he is smart enough to perform profit skimming.
If he is dump enough to partial sell when the fund is at the lowest point and about to fly, then he is dump enough top up when the fund is declining.
If you don't allow investor to interfere, then shut off both top up and top down.