Yup understood the management fee is different.

This is only specifically WRAP FEE that they are talking about. I did counter them using the same statement.

I sometimes wish fsm would have installed their own irr calculation instead of us having to go through the wonky excel sheets.

   
no more headache
no more D-I-Y
no more self  

anytime failed got someone to blame....

Promotion Launch: 0% Portfolio Management Fee for First 50 Clients
May 25, 2017,    Author : Fundsupermart

https://www.fundsupermart.com.my/main/resea...50-Clients-8395

come come wanna go?

nah. not my cup of tea

Time for some of you to reduce your EQ ratio? 
sourced from

https://www.fundsupermart.com.my/fsm/manage...tment-portfolio

do you guys /girs think it is possible or realistic to have this ratio with this roi?
if ok...sailing for 8% ROI with just 50% EQ......very comfortable to sleep at nights?

50 people and max RM10k. What are the odds you are the lucky 50 hmm.Well that's faster than expected. Arrival of FSM MAPS. Even interface also like FSM SG.

Very true... might just get an email stating we missed the 50 slots

Maybe @T231H can explain how to know we will be the lucky 1?

From what I read is that subscribers have to pay two fees, the portfolio management fees is actually the small devil, the bigger entity is the subscription fees which appears to be yearly.

I guess this shall not be a cup of tea for too many.

No competition in Malaysia. Hence they can afford to price what they like. 

If you all go for zero platform fees, then this thread will be very quiet, almost like a ghost town.... liao.     

Xuzen

Paiseh, paiseh me know not SH1T abt Monte-Carlo simulation, only know Genting stimulation     

But but but.... sistah! Somehow Algozen™ aka crystal ball also churn out a balanced type port. Recall she always go for mid-risky UTF...

Xuzen

I am thinking of trying MAPS account.

Minimum initial purchase is 10k.

Need info of Minimum subsequent purchase, minimum redemption amount, etc...

Where to click to purchase ? Can't find it anywhere. 

I asked him if he can confirm no shariah compliant managed portfolio, and if there is any plan in the nearest time to be introduced. And if the sales charge of each fund bought in our portfolio is already included in that portfolio fee or we still have to pay like normal fund purchase. I hope someone got the opportunity to ask about the fee.

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.

well UT is still UT. risk is there compared to fd

I was thinking of investing into this fully managed fund. Then I can truly benchmark DIY vs fully managed.

Quick question are you able to seperately buy this fully managed in a seperate account.

Boh Hiew , boh chap local. Going for dan lain - lain.
I bet I am giving auntie Dasecret a hard - on by talking Monte - Carlo with her .

Xuzen

p / s : I have also perform simulation with Ponzi two and RHB AIF as well. Forget to include in my above write up earlier . Sorry .

That's why FSM Malaysia made a wrong move with this managed portfolio. Should have follow SG way. Buy yourself, kena charge 0.4%pa platform fees. Use their managed portfolio, kena charged 0.5%p.a platform fees. 0.1%pa and people do everything for you.

Of course we have to pay for top-ups. There is no free lunch in this world! After all they don't charge sales charge for the underlying equity/balanced funds anymore. Just think of it as averaging out the cost of sales charge for all funds making up the entire portfolio.    Wonder if we can use referral tokens on the subscription fee? 

I'm actually quite tempted give the Managed Portfolio a try, but am afraid will miss out the first 50 subscribers by the time I make up my mind. LOL

Algozen™ speaketh; listen well...

I tried putting in various UTF(s) into Algozen™ and letting her run the numbers. Maximum per simulation run is ten UTFs. Anything more, is limited by the correlation coefficient parameters. 

The criteria for selecting UTFs for simulations are:

1) Good risk to reward ratio among peers
2) They must have poor correlation among each other (meaning must be well diversified)
3) Good rating from FSM or other rating agencies such as morning star, lipper etc.

Some of the UTFs I used to run the simulation are:

KGF representing home ground

TA GTF, Manulife US & CIMB Titan representing US

CIMB Greater China &  Eastspring Dinasti representing Greater China

Esther Bond, RHB ATR & RHB EMB representing bonds

Manulife India

TA Europe

If I do not put those into the simulation it means those UTFs do not satisfy the above three criteria.

After running multiple scenarios (I think Dasecret gave it a fanciful name: Monte - Carlo simulation), Algozen™ came out with the best scenario that is:

TA-GTF @ 25%
India @ 10%
AMReits @ 25%
Ester bond @ 40%

This will give a ROI of 12 to 13% with a risk to reward ratio greater than two. This port is moderate with bias towards some aggressiveness. If you want to be more aggressive, reduce Esther Bond by ten percent and increase by proportion into the other. This port is scalable.

Take note that Algozen™ is very focused, she doesn't play Pokémon Go style. The above four are very well diversified and quite optimized in terms of risk to reward.

Xuzen

currently having some sitting in CMF....
thinking of using this RM10k to go into it just for "fun"
thinking of moderately aggressive at 30%FI:70%EQ
no mgmt. fees only 1% subscription fees
no platform fees for the 30%FI

what says you guys

Hi fellow sifu.
In you opinion which type of user should subscribe to their portfolio management services?

Based on monte carlo simulation, balanced portfolio will yield the highest average returns in 30 years; so arguably that's the optimum portfolio. Of course the best case scenario for aggressive portfolio is the highest, but the worst case scenario for aggressive portfolio is simulated to be 60% of invested amount after 20 years

Disclaimer: one should have basic understanding of monte carlo simulation in order to decipher what the results mean

please enlighten me as to why it is more optimum?

the average return (projected) increases in 1% each step of the portfolio type by with 20% variance in FI ratio

where did you se the highest returns?
can see from the FSM chart?

how much to top up?
10k also?

10k per port bro. cannot top up. it's to prevent it from complications

I thought rm1k per top up? Of course can top up where can limit to 10k only.

now that ain't fun.

I am tempted to open one beneficiary account and pump in 10k and do my usual diy stuff then compare to those ports managed under FSM. Problem is who is going to share the returns made from managed ports after a year.

Have to match the risk profile first. Only make sense if both same risk level.

btw,
she said...no top up allowed....
but during the buying in website process, noticed there is minimum subsequent RM1000 top up note: 

Nah. If I were to choose automatic portfolio manager, I will rather choose those real robo investor instead of this pseudo robo investor (FSM managed portfolio is still operated by humans). After all if a robot can beat human at Go (ancient chinese stategy game), what chances does human have against robo investor? Even Blackrock, one of US largest fund house fired most of their fund manager and go the robo way.

Dasecret,


I was just jesting with you, I am no good with actual Monte - Carlo. However, I did use various UTFs and various Correlation - Coefficient to run multiple scenarios. Then I choose the most optimal risk to reward portfolio. The most tedious part for my Algozen™ is data entry.

RHB AIF and Ponzi 2 have very high correlation to AMReits and ManuReits. 90% correlated. When the UTFs are very correlated, it would be wise to choose the one which offer the better risk to reward ratio. With regards to ManuReits and AMReits, these two are very similar in terms of risk adjusted performance that is to say, ManuReits give better return but it comes with greated volatility compared to AMReits. In the end, I decided to go with AMReits because it has lower volatility (more stable) and let my India and TA-GTF act as the alpha - maker (forward striker in football parlance)

However, if one wishes to substitute ManuReits with AmReits, it is perfectly OK as both Manu and AMReits have around 95% correlation. If one looking at individual UTF, then one will say ManuReits make sense as it return is better. But when one is constructing a portfolio, many other parameters comes into play.

Xuzen.

Well don't get too carried away with all these AI hype, speaking from a tenured Software Engineer who has worked with multiple AI and machine learning problem. Here is a good read for you https://backchannel.com/the-myth-of-a-super...ai-59282b686c62 I still prefer a little human touch when it comes to investing and I definitely don't trust the newcomers (Smartly, StashAway) AI yet as they are nowhere close to AlphaGo, the main reason being Google is way too ahead in this AI realm

To build on your reply, yes most AI is still built by humans with some exceptions, for instance, Google's AI is building a better AI compared to its engineers but I agree with you that we can't rely on full robo-advisory yet for now (on my previous reply). Speaking of which, predictive analytics is always an interesting problem in AI (in fact I am working something like that right now but on a different context).

Quick unrelated fun read: There is an open-source project that does the following, monitor Trump's feed, process each tweet by extracting the company name mentioned & perform sentiment analysis on the text, if its good sentiment buy the stock of the company thru TradeKing API immediately and vice versa. The simulated portfolios earns a shit ton of money.

That is why hor, if we do not research, our common - sense can be not so common wan....

How can they be correlated (ponzi 2 and amasia)? One invest in equity and there's nothing mentioned in the factsheet about property. One invest only in reits. Amasia invest 20%+ in Japan while Ponzi 2 doesn't have any Japan holdings.

Correlated based on mathematics lar, no need to offer you the reason why they are correlated.