Wow, i didnt know this.. i wonder why would fsm implement this rule.. alright thanks for informing man. If open new account i dont think can open under my name dy as they will ask for ic all right, unless they allow a single user to open multiple accounts la.

I guess if thats not possible, the next step would be either to top up this current portfolio or manage on my own la..thanks again

Here is your darling fund manager
Lim Tze Cheng

This post has been edited by killdavid: Aug 17 2017, 08:27 AM

I think investing UT definitely is for long term but we need to keep changing the horses depending on the current and future outlook

From FSM the highest annualized yield for 10 years is about 14% but for 3 or 5 years can get about 20+% for different funds. Though of course it is impossible to predict the future exactly hence there is the gambling risk for speculation for the adrenaline rush from time to time

Sounds like a contradiction.

This post has been edited by puchongite: Aug 17 2017, 09:03 AM

Sorry if I didn't make it clear enough. I mean investing UT as a whole is for long term but we still need to do rebalancing from time to time right according to the % of EQ:FI? Just like when some of us switched from AM REITS to Manulife REITS, we did it because AM REITS can no longer performing up to our expectations and there is better horse out there. It is a good move though? no one can say for sure but we all are betting on the future anyway

Big hearted guy indeed...

"Despite his success, he says his real excitement is in making money for charity. He gives half his salary to a non-denominational non-profit organization that helps the country’s needy. His social enterprise fund returns 20 percent of its gains to investors for donation to charitable causes"

For managed portfolio, it is pointless to buy a moderately aggressive portfolio and also balanced portfolio at the same time. Why?

Managed Port is already a very diversified portfolio tailored to the individual's risk appetite. It you buy up multiple type of port, you are actually over diversified and this will dilute your return, in another words, waste of time.

If too over-diversified , to me, it would be better to buy a MSCI global world index ETF such as Vanguard World Index ETF (VT) with a 0.17% expense ratio.... win all liao.

Xuzen

This post has been edited by xuzen: Aug 17 2017, 11:12 AM

“We see things very differently,” he said. “I’m shut off to the market in a sense. If you ask me what is the level of the KLCI, I don’t even know.”

He definitely can think very differently, and his stock picks are very unique. That's the reason inter-pac fund can have extraordinary YTD return.

yes,...looking at his previous records of RHB Smart Treasure...ave > 23% pa for 5 yrs....

ave >23% pa for 5 years...


Attached thumbnail(s)

I thought someone said that he picks the thinly traded counters and then gradually beat up the price, that's the reason for him to be able to achieve higher return ?

if "that" is part of his investment's strategy...then the below post probably make sense...

If that is his investment strategy, it isn't a rocket science. Why are other fund managers not emulating it ?

Mana ada so geng?

10 year annualized is 8.XX%

5 year annualized is 8.XX%

Volatility = 18.XX%

Risk to reward ratio (3 years average) = 0.18

Xuzen

p/s BTW, port balik to Black again. Where is the 20% drop? Masih ada yang nekad menunggu, yang masih rindu, masih berminpi, berkhayal, bersyiok sendiri.

This post has been edited by xuzen: Aug 17 2017, 02:12 PM

this may be relevant...
InterPac Dana Safi and InterPac Dynamic Equity Fund have a fund size of RM 1.59 million and RM 1.74 million respectively as of 31 January 2017. With a relatively small fund size, it provides the fund manager with the ease to enter into the local small cap stock without being worried about moving the acquired stock prices drastically. A smaller fund will be able to deploy its capital more efficiently and have less issue on cash drag. Cash drag is often an issue confronting bigger funds where the fund size has become so big that there is lack of attractive opportunities to deploy investors’ monies. When you hear about fund closures (not accepting new investors monies), it does indicate that getting bigger is actually becoming a hindrance to the fund strategy.

It is crucial for investors to recognize that a concentrated portfolio that is invested into the small cap segment is a double edge sword. In small cap space where liquidity may be an issue, performance of small cap funds can swing drastically. Investors may remember we wrote Thin Liquidity-A Double Edged Sword where we explained the sharp drop of some funds within a month. That could happen for these two funds. However, we opined that this risk can be mitigated as the fund is nimble enough to enter or exit from a stock.

For example, InterPac Dynamic Equity holds 5%-6% of their NAV in each of their top 3 holdings, which is equivalent to about RM 90 thousand to RM 120 thousand per stock. However, historically, the average daily trading volume for their top 3 holdings, namely United Uli-Corporation Berhad, ES Ceramics Technology Bhd and P.I.E Industrials Berhad are RM 910 thousand, RM 1.7 million and RM780 thousand respectively. As a result, the fund is nimble enough for the fund manager to close position from the stock easily.

Apart from that, a relatively small fund size would be an issue that investors might consider because there is possibility that the fund might face the problem of closing down if there is huge redemption from other investors. Nevertheless, after considering the existence of both the funds for almost 10 years and the recent effort taken by the company in recruiting an experienced fund manager, it indicates no intention from the company to close down the fund, hence the worry will be an overly pessimistic thought.

https://www.fundsupermart.com.my/main/resea...pril-2017--8175

thus other fund houses may have bigger fund size thus it may lead to Thin Liquidity
https://www.fundsupermart.com.my/main/resea...29-Aug-16--7436

Then not as darling as mentioned....

-deleted- salah paham

This post has been edited by voyage23: Aug 17 2017, 03:18 PM

They are not referring to Interpac funds. They are referring to the RHB smart series, which were managed by Lim during his time in RHB.

This post has been edited by puchongite: Aug 17 2017, 02:51 PM

Are u sure or not? from when to when? 23% pa for 5 years = 181.5% ROI, I didn't see that high return in 5yrs graph of RHB Smart Tresure...

Btw, i don't think it is an apple to apple comparison, to predict future performance of Inter pac funds with pass performance of RHB Smart Tresure. Because, RHB Smart Treasure limited by its investment strategies, such as certain % in IPO, certain % in stock with <RM2, certain % in stock with price RM2-5, certain % in top 50 stocks. Very hard to manage this kind of funds. While, for Inter pac funds, they are flexi fund, can be 100% in stock (big/mid/small cap) or 100% in cash. They are very different.

Oh minta maaf, salah paham.

Ooops then lagi worst...15%pa?....75% in 5 yrs