5 yrs is long time... he can still be right then...    but prolong sub rm5 is not likely...

Hi all, want to ask something. If I switching my funds which are not performing (meaning to date giving me negative returns), does that means technically I am realizing my loss?

I started invest in UT about 2 years ago about Feb 2021 I think. Market during that times not doing well but I still started invest anyway. To date my portfolio giving me -9% return. And all my funds are shariah so as we know they not performing well compared to conventional.

So after 2 years I thinking to modify my portfolio. Do I wait until my funds break even and then only switch? Or just accept the loss and switch now?

During that times I know nothing about UT (so as now haha) and just tried to invest to gain experience. Currently I am doing DCA RM1k per month into 7 funds.

Would like to hear other opinion on this.

Thank you.

Why buy 7 fund so many, i tot focus 1-2 fund enough. :confused:
1 fund consists at least 10-20 stock
7 fund consists at least 70-140 stock

ya, i mean if you look good on SG/AP then just buy 2 region SG & AP fund enough. if SG no perform then can switch to US, US no perform then switch to ASEAN.
why  go buy MY, SG, ASEAN, AP, EU, US, Global, India, Great China, Asia...etc....all together 7 geographical  fund if 7 fund also no perform, can not switch alerady

That why when you buy too many fund. Sure got some fund will red, and some fund will green. Its very difficult for all 7 fund red/green together.  Add up all together the return will become like balance fund profile return .

But still depend on your risk appetite, if can take risk then just buy those growth profile

Hi any sifu here
need some advise
i still holding this 2 fund
1.Affin Hwang World Series - Global Disruptive Innovation Fund - MYR Hedged
2.Affin Hwang World Series - Next Generation Technology Fund - MYR Hedged
3.AmChina A-Shares - MYR Hedged

should i change fund or keep?

40% lost now

10% each or 10% total (3.3% each)?

BTW,
Affin Hwang World Series - Global Disruptive Innovation Fund - MYR Hedged and
Affin Hwang World Series - Next Generation Technology Fund - MYR Hedged

I think they are of almost similar mandates.
If want, can try reduce both of them by half each or remove anyone of this 2.

However, there is substantial fees involved compared to holding ETFs if you go with Principal Global Titan Fund.

Application Fees Up to 5.50% of the NAV per unit.

Annual Fees Management Fee: Up to 1.80% per annum of the NAV of the Class.
Trustee Fee: Up to 0.07% per annum (including local sub-custodian fees but excluding foreign sub-custodian fee) on the NAV of the Fund.
1.80% annual fee is outrageous in 2023.

yeap unit trust annual fee is the real killer. and some of these funds invest into other funds, so indirectly kena charge twice!! example affin hwang global disruption fund, actually buys into some niko am fund that buys into arkk fund. so how many times kena charge annually lol

If I can still remember correctly, I hv read in their prospectus, of some of the tfunds that invest in or are feeder fund to a main fund....in the prospectus it mention "only once"..no double charged
Just not sure about that affin Hwang fund that you mentioned. Need to read the prospectus to confirm it.

yea can confirm i'm not gonna bother making any future investment in unit trust that has these rubbish feeder funds lol

Feeder fund will invest into a proper managed fund. So if that target fund is properly managed, why the worries? 

I wish to invest in Sg stocks using my funds in Singapore. Can I open a FSM Sg account from here? I already have a FSM My account. I am.assuming I won't be able to fund it from my Singapore account.

Q:Does this mean if I own an ETF under iShares QII list, the stated % qualified interest income that were charged for Dividend Withholding Tax will be returned to us every year?

A:Please be informed that the tax refund period will depend on when the counter reclassifies the tax return. Generally will be in yearly basis and the amount will be credit back to your cash account upon we receive the refund.

Redeemed Global disruptive innovation fund and it'll take 2 weeks for $ to be credited to bank 🤦  😄

Just reached out to FSM CS and I was informed that existing ETF RSP would also enjoy this promo of 0% subscription fee.

I'll keep my RSP to VOO for time being and start RSP to QQQ once I have hit my target for VOO.

The 0.08% processing fee is also something wonderful as well. Based on my calculation, the overall cost for investing into ETF RSP would drop to about 0.25%, which is cheaper than UT.

However I'm doubtful it would really be 0.08% without any minimal amount. Maybe they just forgot to in that page.

I don't think its as bad as 2% currently. But you may check again.. Wise & IBKR transfer isn't that great too nowadays MYR to USD has variable fee of 0.68% and USD to MYR has 0.61%.

Currently, you convert RM > USD > RM in FSMOne, RM1000 turns into RM987. (Conversion only as no USD transfer is involved)

In Wise, RM > USD (Transfer), then USD > RM (Conversion), RM1000 turns into RM985. (without covering incoming Wire fee into Wise)

Eh? I thought processing fee would be 0% until end of the 2024 or all new and existing subscriptions. Based on the picture, seems like new subscriptions after 30th September would no longer enjoy the 0% processing fee  :confused:

Edited: Just spoken to FSM customer service, and got this reply "The promotion will only applies to those ETFs that you have applied earlier. Those after the campaign will not eligible to the 0% processing fees".

So it applies to ETF RSP applied earlier, which is awesome 

Anyone has any other good ETF under RSP list to recommend apart of VOO?
I was thinking to add SPY or QQQ but both are almost identical to VOO.

How about arkk and arkf? Or the lady boss is just full of hotair?

Just an update
It's been quite a while now since I invested in Managed portfolio Balanced. I've been using it as benchmark for my own DIY.

The result after roughly 6 years is .....

3.2%

Take note I added additional money to make it a round number of 10k a few years later but even that 1 year of FD can outperform managed fund.

You would expect fund managers or the people who does this fund allocation to outperform you since they do this for a living ..... but it shows that even DIY investors can easily outperform fund managers.

This fund is just a benchmark for my ownself. Just wanted to show that fund managers are not that great and that even a diy investor here can outperform them .

you mean not even to hand pick own funds to buy in FSM?