Affected by what?

Yeah. Something like that Plus this.
https://www.cnbc.com/2017/05/05/warren-buff...sh-to-work.html

This post has been edited by Ramjade: Aug 8 2017, 11:30 AM

Yes. Think of CMF like FD. The only thing which will protect your money
- cold hard cash you keep under your pillow
- cash in bank account
- cash in FD
- cash in CMF
- cash in amanah saham fixed price fund
- cash in EPF

So have your pick which instrument you want to use. For me I pick both amanah saham fixed price fund and EPF.

The only thing which will give you very high returns during market crash
- Gold (provided you sell it)
- Safe currency (Swiss, Yen)

Everyone will flock to these 2.

I agree with this. But CMF doesn't protect against rising cost (if RM take a skydive).
- Ayam, cow feed also imported
- Fertiliser + pesticide also imported
- Wheat for making flour for roti/maggi also imported
- Your sardine, tuna are all imported.

This post has been edited by Ramjade: Aug 8 2017, 11:39 AM

Few people here went and test water. Search back this thread. dasecret is one of them.

Yes that's for FSM SG. 0.1% platform fees per quarter regardless it's equities or bond fund.

But we never know what who knows 5 years down the road, FSM SG tell FSM MY to start charging platform fees instead

Of course I also hope they won't charge. If they start doing that, I have no place to park my EPF money. But it's inevitable when you are public listed company. Shareholders come first before customers.

Reasons for wanting to charge:
1) recurring growing revenue as long as your customer stays
2) this style of revenue is much more profitable in the long run than one time single charge (eg. adobe, microsoft switch to subscription based from traditional one time charge)

Reason for not charging yet:
1) need to build up customer base first. Once you have large customer, you can do anything (look at public mutual). When customer already park so much money with you, do you think they will change just for few hundred ringgit? This creates some kind of stickiness from the customer.
2) If they start charging now, their competitors will benefit (eut). As shown in SG, when they initiate the platform fees for everything, people start transferring to Phillip SG and dollardex. Of course some didn't transfer cause paperwork. Unlike SG, we cannot just switch to different providers. We need to sell first and rebuy. That's one advantage malaysia side have over their SG part.
So that's why point 1 is very important if they want to implement platform fees in the near future.

I may not be FSM staff but the signs are all there.

Signs:
- UI interface upgraded to look like SG version
- Bonds, managed portfoliod all start appearing when before this only UT
- Next to come, stock brokerage.

Like I said it's a matter of time. Why stick with old business ideas when new ideas are much more profitable and sustainable? It's always about the money at the end of the day. Which business model can generate higher and better profits.

Seen this kind of business strategy all over the world (some egs)
- xiaomi (charge everything cheap cheap then slowly hike prices)
- qihoo (give ad free programs to international customers, once customer base becomes big, start introducing ads, paid stuff)
- samsung (strategy same wirh xiaomi, start off cheap)
- microsoft and adobe (because of monopoly, they change to subscription model)

This post has been edited by Ramjade: Aug 9 2017, 12:30 PM

Simple. Cheaper service charge. Whoever can give me cheaper price aka better bang for bucks, get my money.

I am an unker scrooge. Why bother paying 5%+ when I just need to pay 1.75%? Big difference you know the 3%+

If I pay service charge of 5% (let's use 5% to make things easier) my fund need to perform/generate 5%+ profit just to break even.

Second, fully online. No need to waste time waiting at banks. No need to go from.one bank to another.

This post has been edited by Ramjade: Aug 9 2017, 12:53 PM

No That's why you don't get any statement letter from them in your letter box. All funds bought via FSM are under FSM name in custodian account.

Why you went and topup?

I reckon that's the nearest. Don't think they have the tech to reach US mainland. Another reason is take out part of their sea and air defenses. But to do that, need to attack US base in Japan, Korea and Philippines too...

Most likely NATO by N.korean and US. Nothing to see.
So many times already.

This post has been edited by Ramjade: Aug 9 2017, 06:47 PM

Actually my KGF have flat line. But Ponzi 1 have took a hit. Don't know why.

I think Ponzi 1 wants the stability (no need to hedge the forex part). Hence heavy in Malaysia. WE still have GE to go. BEst to sell off before GE and maybe pick it up after GE.

We will know what happen on 31/8 (new dateline for 1MDB)

Most likely people taking profit and will go higher. Or maybe because Trump vs Kim. Two hot headed person

It's ok. Never intend to buy again. Going to slowly transfer my portfolio over to SG.

Sudah tutup also

Precisely. Just look at Gen-X. Sifu of credit cards. Calculate and scrutinies all details of credit cards to see if it's worth it to holding one.

Of course for everyone for count, there's another one who spend like no tomorrow.

Sure people marah me

Amanah saham
- Now you can do online topup. No need to waste time at banks. Save petrol save money. Even when you are taking a dump in the toilet, can try luck. Just follow the amanah saham forum, people will alert you when lots of units available. Besides, once a year, you can hentam one shot 5 figure (eg 10k one shot) chances of getting ~80% (due to dividend day - the day after amanah saham resume for transaction where they have give out dividends. Lots of people sell. Highest chance to open open account/topup will be on that day)
- Even if don't have, one can dump into AHSBF/Ester bond.

FSM MY
- Transfer everything into Phillip SG. Keep to buy fund using EPF

Phillip SG
- Better funds available vs what we have in Malaysia (which means higher returns. Equities only. Our bond fund still beat them - AHSBF/Ester bond)
- Currency protection over long term (a 10% earn in malaysia vs 10% earn in SG is different you know, when you withdraw, it's still in RM or SGD (depending on where you buy))
- 0% service charge, 0% platform fees (which means more money for yourself, a dollar earn, is another dollar available for investment)

Why not Phillip MY?
- Same fund more or less as what FSM MY offer
- 2% service charge
- Phillip MY only good to buy AHSBF/Ester bond to sidestep FSM MY platform fees
- Your money still in RM < This is the most important factor when you are investing for long term

Hope it's clear.

This post has been edited by Ramjade: Aug 11 2017, 10:15 AM

ASW2020, ASM, AS1M - buy from MyASNb FOC. If buy using maybank, you will get charge RM1.06 regardless successful or not.

Phillip SG
- Totally zero service charge, zero platform fees, zero switching fees for all fund (equities and bond funds)
- Yes service charge is the initial service charge which used to be at 0.75% before Phillip SG make it zero percent.
- Wrong. FSM MY charges 0.05% per quarter for bond funds (which will increase overtime as the value of your bond fund grows). 1.75% for service charge?
- How they do that? (this is from what I know not their trade secret)
> They are one of SG biggest broker (one stop center for everything (forex, stocks, CFD, etc))
> All their seminar are not free. You pay say SGD10/seminar
> All fund house will pay the provider (fund seller) something call trailer fees for selling their fund (taken out from yearly management fees so you don't need to pay extra). So people who are charging platform fees/service charge are earning additional money from their customers apart from the trailer fees
> There' are lots of competition in SG (you have 3 providers Dollardex (also zero everything but must have SG address to open account), FSM SG, Phillip SG. and banks which charges range from 0.75%-3%)). FSM SG started with zero service charge to get itself ahead of it's competitor (Dollardex and Phillip SG) and charges platform fees instead. However both Dollardex and Phillip SG didn't go down FSM SG route and choose to compete with FSM SG in terms of zero everything without the platform fees. From what I heard, this cause FSM SG to lose quite a lot of customers to them (Singaporean can switch provider by just filling up the form and transfer everything over unlike us where we have to sell everything first then rebuy)

Phillip MY
- FSM MY platform fees
https://www.fundsupermart.com.my/main/faq/1...atform-Fee-8467
- Every now and then Phillip MY have promo where you buy/topup min RM5k for bond funds, you won't be charged the 1% service charge (Phillip MY charges 1% service charge for bond funds and 0% platform fees while FSM MY charges 0% service charge and 0.05% platform fees per quarter for bond funds)
- If you buy bond funds without promo/<RM5k during promo, you pay them 1% service charge. That's all. Nothing else.

Thanks Mr Kim But still too low for me to topup

This post has been edited by Ramjade: Aug 11 2017, 11:39 AM

Don't know much about Phillip MY. From what I can see, FSM MY have nicer and friendlier look. More info on Phillip MY
https://forum.lowyat.net/topic/4268975/all

That's promo. Without promo , FSM MY service charge is 1.75%. Why don't just buy 0% service charge fund? Simple. 0% service charge fund is bond funds which won't outperform equities fund. From the day you buy, the platform fees already start running so it's "not exactly free".
Don't look at promo to buy funds. Looks at market discount to buy. Discounted service charge promo is just an added bonus.

Eg.
1.75% service charge, market at all time high I won't buy
1.75% service charge, say 5% market discount, better I buy now then vs situation 1
0.8% promo service charge 5% market discount, of course buy la.

Market discount means when price of general market drop. You see on TV this few days (during business section), show all index are either red/ (-), those are market discounts.

Are we having market discount now, yes we are but only in the range of 1-2%.

Eg. Fund A available both in Malaysia and SG. Both can give you 10%
- Now if I put in money into Fund A via Malaysia, when I withdraw, I will get back RM. If I put money via SG, when I withdraw, it will pay me back in SGD.
- Overtime, the one who put money in Fund A via SG will gain more than the one who put money via Malaysia (both received same returns but different currency)

Eg. If Facebook is listed in Malayisa, revenue in USD but payout in RM, won't be much of a problem. The problem is revenue in RM but payout in SGD. That's when problem comes in. Are there such companies on SGX, of course. Did I touch them? No. Will I touch them in the future? No. However I have no problem with companies business is in IDR, but payout in SGD. Why?
- For years, the company have been shown to be profitable (they have managed to hedge the currency well)
- IDR is not as weak as RM.

For those want to find out more, these are the companies mentioned
- Silverlake Axis (revenue in RM but payout in SGD)

- First reit
(Base rent of leases for Indonesia properties are pegged to Singapore Dollar so rental income is relatively unaffected by Rupiah fluctuations
Leases for Singapore properties are denominated in Singapore Dollar
Lease for South Korea property is denominated in US Dollar)

For me, any currency can as RM have been shown to drop against all currency over time