Update before May RSP

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how to interpret the market valuation table?
hope this can helps....

Valuations
The market weighted price-earnings ratio (PE) or ‘market valuations’ as we commonly address it, is a measurement of how ‘expensive’ or ‘cheap’ a market is at a particular point of time. The information on market valuations is easily available on our fundsupermart website.

So how is the price-earnings ratio calculated? The price-earnings ratio is the current price of the market divided by the expected earnings per share for the market.
Expected earnings are calculated on a weighted average basis ( companies with a higher market capitalization will have a higher ‘weight’ in the calculation of expected earnings).

It is relatively straightforward to compare valuations. A market with a high PE is considered ‘expensive’ and a market with a low PE is considered ‘cheap’.
However, bear in mind that this valuation measurement is used on a relative basis. Valuations can be compared across markets, or compared within the same market on a historical basis.

In the case of profit taking, comparing with historical valuations is more relevant, as it is a better gauge as to whether the market is overvalued or not.

In other words, if the PE for market A is 25 times, on an absolute basis you cannot tell whether it is expensive or cheap.
However, if a comparison is made vis-à-vis other regions and we find that valuations of other regions range from 30 times to 40 times, the valuation for this market is relatively attractive.

But for the purpose of deciding whether or not to take profits, we can compare current valuations to the historical range of valuations. If historical valuations range from 10-15 times, we can say that market A is ‘currently trading at a relatively high PE in comparison to the historical range’. In such a situation, investors should consider taking profits.

https://secure.fundsupermart.com/main/resea...?articleNo=1783

https://secure.fundsupermart.com/main/resea...l?articleNo=606

Determining equity market’s attractiveness
https://www.themalaysianreserve.com/new/sto...-attractiveness

The above is not what I am thinking....

=======================

After thinking for a while and recollecting , this is what I am trying to elucidate :

For the sake of argument , Let us assume company XYZ Sdn Bhd has a MYR 1M facility with Bank ABC Bhd. The total annual interest paid to the bank by company is let's say MYR 100K . Normally the MYR 100K interest can be deemed as a legitimate company expenses and expensed out from company Profit & Loss statement , thus reducing chargeable income .

Now, let us assume Company XYZ Sdn Bhd participate MYR 300K in FSM unit trust , then the interest expense becomes 1 -  (300 / 1000 )  x 100K = MYR 70K effective expense instead of MYR 100K. Thereby the expenses deductible becomes MYR 70K instead of MYR 100K , which means the chargeable income becomes more.

I recall that the rationale for such a calculation is that LHDN follows the principle of " wholly and solely for the production of the business income " to recognize any deductible expenses.

When one deviates from that principle , then LHDN can and will discount out by proportion the portion that is not deemed to be related to the core - business.

I hope I am right . I am not a tax agent , but having been part of company upper management for a long time , I am sensitive to such material fact .

Xuzen

now why would you calculate like that?

10,000x6.5%= 650

10,000x1.75%=175

that 650 better come with a hot bank chic.

Because like stock price movements, buy on rumours, sell on facts. 

will you be shifting to zuxen's version 4 port recommendation?
if not, what are your current portfolio and allocation like?

What did u buy exactly? If you read what the fund managers write recently, most of them would conclude Q1 was really good and they don't expect the rest of the year would deliver anything close to that

You need to consider if your fund choices and allocation matches your risk appetite. It sounded to me that you have rather unrealistic expectations. UT is not ponzi scheme, it would not deliver consistent superior returns; it's designed to deliver reasonable returns over mid-long term with minimal effort required from the investor
I think that iportfolio site died....
Use FSM's portfolio simulation function lor; but xuzen already indicated past returns and weighted volatility

1) ASx is a total ballgame altogether. you can ask dasecret

2) the Goverment will never let amanah saham fail. it being pro bumiputera

very roller-coaster by the means of what most LYN members advocates 
all new buy/switch or some from previous?

At what % of allocation each?

What is the ratio of tis UTs portfolio in relation to your ASX investment?

Maybe you can consider Amconversative instead of the CIMB Australian Fund  , Gold and General fund. Looks like these 2 are on declining trend already based on the chart.

wow....that is 
with so high "FI" vs EQ ratio.....
you can afford to go more on commandoes type of EQ funds.....
not many people can afford this strategy...

Care to share your average return for the ASX ?

What is ASX, I can't find. I only know ASB, ASB 2, ASW2020, ASM, but what is ASX?

read post# 5751, page 288?

Only 6% on average ?, should be around 7% ++

just imagine now u every month pump in 1k

1 yr u can collect 12k.

let say during crisis, u pump in 12k will be yield better compare with u pump in now

Financial is a game of waiting which required a lot of patient.
Some pipu like jew are just impatient to see the quick profit, it is best to put the money into ut.
Unlike Ayam has plenty of time to carefully wait and select a good vehicle.
Basically Ayam do not need anymore money to sustain a life
Ayam just treat financial game as a hobby
Ayam has a color portfolio that generate a lot of dividend income why should Ayam worry now? And yes Ayam also keep old cash which is better than keep in bank or ut

This should be what money game founder or some ut agent will tell me about their plan.