You can switch but as people said process is very long.

There are only 2 good prs fund.
- Cimb asia pacific
- Kenanga Growth

Well I am just giving suggestion. Those 2 are definitely better than anything public mutual can dish out.

Give me proof that public mutual can perform better than my selection (after including their fees) and my money is theirs. Simple

Depends. If you can catch it near the bottom, it can work. If you buy near the top/at the top, good luck.

Yes. That's right. That's why if one put into ASNB FP, one needs to wait for 2 years+ to see that return.

But ASNB have 3 good points
1) 6% return
2) fix at RM1/unit
3) instant liquidity

The above 3 points make ASNB an ideal parking place while waiting for mr bear to appear/an ideal bomb shelter if your heart cannot tahan a bear market.

Precisely. But if you want to get triple digit return or min 10%p.a dividend yield, you need a warchest ready.

If you do not have a warchest ready, don't dream of getting such returns.

Possible to get such returns? Those who bought capital mall trust during 2008 are getting min 10% dividend yield even until today with significant capital appreciation.

How long? It's determine by how sustainable is the run. If it's expensive and you have nothing to buy, don't buy. There will always be opportunities in between great bear. Eg. China, Greece issue, Brexit.

For me, it's very simple. When do you shop? Do you shop when there is sale or when there's no sale?

If for me, if no sale, I just keep my money. Simple. Ask yourself, why are you buying when you can wait?

T231H
here are some articles for you to read about how big your warchest should be.
http://singaporeanstocksinvestor.blogspot....annual.html?m=1
http://singaporeanstocksinvestor.blogspot....ars-by.html?m=1
http://singaporeanstocksinvestor.blogspot....vestor.html?m=1

How much is a drop? 10% I will start looking. 20% sure buy. 30-40% buy some more. Of course must know what to buy. If only 1% bleh, nothing to see.

Another point of when to buy, when newspapers keep publishing it's all doom and gloom is another indicator.

I am comfortable holding 50% or more in cash/liquid stuff. Nothing to buy, keep money. If for stocks, accumulate the dividends. If unit trust, leave it as it is.

Stick with your principles. Don't need to follow others blindly. Just because it's appear and dissappear, doesn't mean you need to axe it. Ask yourself, why are you buying it in the first place? Is it because someone recommend it or does it furfilled your need?

I never even hold this fund before.

This post has been edited by Ramjade: Jul 29 2017, 03:15 PM

Who needs wrap account when service charge 0%, switching fees 0%, 0% platform fees

That time. No. Just buy. When sell off of reits happen, pump in lump sum for manulife AP reits. Best decision ever.

Now stop to look and think already.

Yes dividend could drop, but if your dividend is already 10%, a 30% drop in dividend still give you 7%. Want to drop more
Can. 50% drop = 5% dividend. Still decent.

That's why my selection:
- Get bluechip stocks supported by govt
- Bluechip stocks which consistently beat/match the market
- Defensive health care reits
- Gov linked reits
- Reit with excellent management

Got such counters? Got. Got real life example? Got.

Of course muat see govt got the moo to back them up or not. Govt like SG, HK and AU have the mooo. Malaysia, don't think they have much moooo left (just look at the reserves). US and UK govt are practically broke.

This post has been edited by Ramjade: Jul 30 2017, 11:23 AM

- Normally a company pays says 3% dividend. But because the price drop drastically, the dividend yield goes up (even if the payout is maintain) so your 3% dividend may now become 6-9% (depending on purchase price). Not all companies stop paying dividends. So even if they cut dividend by 50%, when the the price drops, your 3% yield become 1.5% (at ori price before it drops) but ecause the price drops drastically, your actual yield could be now 5% compare to ori of 1.5%.

Div yield = div amount (sens/cents)/price you buy.
Eg
0.04/4.00 = 1%

Now they cut it by 50%
0.02/0.50 = 4%

This is just eg.
- Look for companies that are able to pay money during down time.
- Companies with low or no debts are most likely to survive
- Don't forget, reits need to pay 90% of their income (so bad time or good time, reits will still need to pay. The question is how much you get).Then need to see whether a reit can survive or not. A reit with lower gearing (debt level) will be able to survive. Are there reits which burst during GFC? Yes there are. Which brings us to the last point.
- Well managed reits!!

This all OT. If you want to further discuss (we can continue to SGX thread - only interested in SGX market and not bursa or we can continue via PM).

This post has been edited by Ramjade: Jul 30 2017, 12:11 PM

There are 2 schools of thoughts.
- One a stock with 40-50% payout ratio is more sustainable although although there are exception like companies which payout 90%+ of their earnings still can payout during crisis (Nestle). These people avoid reits at all cost.
- Those who look at how well is the reit management able to handle such crisis.(aims amp, captialand mall, ascendas are some example of S-reit with good management and survived the GFC).

Refering to point 1, funds which look at how sustainable is the company are like Ponzi 2 and First State Dividend Advantage (SG UT).These are funds which focus on dividends but during bull run, dividend funds should not do so well.

We actually have a cimb asia pacific growth fund which benchmark is 9% vs ponzi 2 at 8%. Cimb growth are not available on FSM. It's mentioned that Cimb growth doesn't focus on dividend while ponzi 2 focus on dividends.

This post has been edited by Ramjade: Jul 30 2017, 12:22 PM

But how much platform fees need to be paid? 1%?

Eh, where can amasia go to Japan? Their mandate is Asia ex Japan. Unless it's listed on other market (like AU/SG) then can. Japan reits memang sucks about <=5%yield But there are exceptions. Eg. there's this Japanese business trust which behave like a reit in SG which give 8-9% dividend p.a. (I am vested in it) Now got people want to buy that up and relist it in Japan as a reit at 5% yield and below. Don't think amasia can invest in business trust.

Power of SG govt to attract other country reits to list in SG. hence bypassing hefty dividend with holding taxes back in their home. Eg.
Manulife US reit a pure play US reit. If list in US, investors kena charge 30% with holding tax. List in SG, no tax for individual. But 15% tax for funds.

I sell already la

This post has been edited by Ramjade: Jul 30 2017, 01:02 PM

No. I am talking about the Manulife US reits counter listed on SGX http://investor.manulifeusreit.sg/. Manulife AP reit fund does not have that while Amasia have that. Manulife US reits is a good counter. Amasia are holding some good counters (some same as mine) but I do not know why amasia is not performing vs my own portfolio. My own portfolio beats Manulife AP reits fund by 2% (last I check) but to be fair to Manulife, I am not subjected to withholding tax while Manulife AP reits fund are subjected to with holding tax.

AU got good reits but only one problem. 30% tax vs 0% tax on dividends in SG for individual. Not sure how much will fund be tax in Australia.

If 30%, that could explain why Amasia is underperforming.

This post has been edited by Ramjade: Jul 30 2017, 01:19 PM

Perhaps in the future they will add in.