It depends. If the 3-4 properties are fully paid or substantially mortgage free, then RM100k in additional cash could be enough. There is extra cash flow from the rental.

But if a person is still servicing the monthly housing loan for the 3-4 properties and can't afford to pay the housing loan for more than 3 months if there are no tenants, then big trouble ahead. RM100k will not last.

Yes, you are right. I was implying RM100k as net asset.

newbie reporting in!
after reading this topic for a few weeks
i throwed a few k into fsm and start investing

then i try to recommend fsm to my friend then came to this question my fren asked
"will fsm suddenly take my money and runaway onot oh"

i tried to google and search post and read FAQ doesnt seem a good answer, does anyone has this doubt and have the answer already? haha..

"will fsm suddenly take my money and runaway onot oh"
For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.
In the unlikely event that iFAST Capital ceases as a business concern, with your permission, all your assets registered under iFAST Nominees Sdn. Bhd. will be transferred to another Institutional Unit Trust Advisers (IUTA) or they will be returned to you.

I googled and found this in the FAQs.
https://www.fundsupermart.com.my/main/faq/2...Information-998

about FSM....
.......
iFAST Capital is a subsidiary of iFAST Malaysia Sdn. Bhd. (formerly known as iFAST-OSK Sdn. Bhd.), which is wholly owned by iFAST Corporation Ltd. ("iFAST Corporation"). iFAST Corporation is headquartered in Singapore and the iFAST group of companies are also present in Hong Kong, Malaysia and China. The company was incorporated in Singapore on 10 January 2000.
In 2007, iFAST Corporation launched its first overseas business, Fundsupermart in Hong Kong and in 2008, it launched Fundsupermart in Malaysia. iFAST Corporation launched its office in China in 2014.
iFAST Corporation was listed on the Singapore Exchange Mainboard in December 2014.

https://www.fundsupermart.com.my/main/home/aboutUs.tpl


This post has been edited by T231H: Sep 3 2017, 08:52 AM

yea i found this also, so can we say that since this is a listed company, it wont simply disappear lidat?

in rule of k/, my friend = me myself.

haha no i don't have to do that in forum lol

Listed company can also be in PN17 status.......or under receivership.....
I won't base "will i get back my money if that company disappear" based on since it is has a listed company status.

I would based on this.....
Q: When I buy funds from Fundsupermart, in whose name will the units be registered in?

A: For cash investments, all units will be registered under iFAST Nominees Sdn. Bhd. For EPF Account 1 investment, they will be registered in your names. These units are segregated from the company’s assets.

so from that, I would "assume" just "assume".....don't quote me on this...you need to contact FSM office to get the correct and valid answer.
I "think"....to ensure the security of their customers' assets, FSM would have appointed a custodian to hold their customers' assets. The following are what I "think" the transaction flows for subscription and redemption would be like:



This post has been edited by T231H: Sep 3 2017, 12:12 PM


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got it, thank you for your reply, so whoever not confident with this we just dont need to explain too far la since everyone's risk appetite is diff rite haha..

I would have to agree on that...

Want to ask... Is the market holiday too on monday/

if you are referring to M'sia Mkt....
saw this on the fund factsheet



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when government not working then bursa also not working lo..

Any FSM employees here care to verify this?

FSM should be paying you well for servicing us clients from Lowyat.net by solving our queries.
Still have a gut feeling that you're a staff of FSM

He always OT .... FSM most hardworking staff.

Betul betul, saya setuju

He will says : "I can neither confirm nor denial that i am a FSM staff. For more information, please refer to FSM CIS"

Post here while it's all green green

you catching pokemon izit?

Quite clear shown from the port that most of your return is derived from north Asia: greater china, EM equity, Ponzi 2 .....Except for KGF.