You can do a manual RSP (which means you decide which date you want to topup a fix amount every month) or you can set it on auto and have them deduct money from your CMF every 15th of the month.
https://www.fundsupermart.com.my/main/faq/0...avings-Plan-976

Just a question, what happen if it don't play out in your favour (i.e KGF and IDS flat line or worse plunge)? Write it off as loss?

This post has been edited by Ramjade: Aug 13 2017, 11:49 AM

I have already replied you in the amanah saham thread. Some more tagged you. Guess you must have miss it. Let me write it out again.
Amanah saham fixed price fund doesn't have service charge. Zero. Nil. Nada. Kosong service charge

This post has been edited by Ramjade: Aug 13 2017, 02:02 PM

1. Open a SG bank account (no SG bank account no talk)
2. Open Phillip SG account either via mail/in person and provide them your SG bank account (link to Phillip SG)
- You can open without SG bank account but I do not know how's the procedure.
3. Wait for all activation letter to be delivered to your house (takes between 2 weeks to a month)
3. Use TT/change RM via moneychanger
4. Buy UT from Phillip SG

Done.

They accept major SG banks. DBS, OCBC, UOB, Maybank SG, Standard Chartered SG. Have your pick,
https://www.poems.com.sg/faq-lists/?id=177

Chill la. There are many instruments for your investment. Everyone got their own way. Some copycat people (no wrong here), some seek to forge their own road (also no wrong here), some do both

Asal you make money. Semua gembira. Actually, the idea of using ASNB as parking place came from someone who's a veteran here (not me)

Asian market not really. Cause need to count forex gain/loss.

Too late. All market rebounded
Bull is so strong.
We need Mr Kim to start firing rockets into the waters to spook the market/Trump to be in serious trouble.

1-2% discount also want to topup? Clearly you never do online shopping at 20%+ discount
How much I save?
- 20% off original USD price
- 10-30% what what's the price sold in malaysia (even after shipping)
1-2% I keep my money.

This post has been edited by Ramjade: Aug 15 2017, 09:45 AM

Concept is still the same. Unit trust is still basket of stocks. Those telling otherwise are bluffing themselves.

If people jump/topup at every 1% drop, I wonder what will they do if a 10% drop comes.
Unless you are freaking rich, then it doesnt matter that you topup every 1% drop

Come come. I kasi clue. Once a year, you can hentam 5 figure inside, sure can get. If you have 3 funds, you can hentam 3x/year.
Another clue, keep a watch on amanah saham thread. Lots of people kasi clue when there's lots of units available (they ran out of money so they kasi clue)
Third clue, ASM and AS1M are the easiest to get.
Fouth clue, now semua online topup. No need go bank.
Fifth clue, units are available usually during lunch time.
Sixth clue, if amanah saham tak da, park into affin hwang select bond fund. What's the problem
with earning lesser now and earn more later?

Even a working adult can do all that. Gunalah lunchtime, teabreak/coffeebreak/toiletbreak to try your luck la. Who ask you to use that time for FB/instagram/YouTube/catch up with work gossip? Handphone dan internet bukannya tak ada. RM1k/day = min RM20k/month (if you work for 20 days/month and asusming if there's RM1k/day. Don't want RM1k/day, can try RM500/day which is equals to RM10k/month).
I never depend on any lubang.

Mathematically impossible? You decide if it's possible.

But can you get 12% yearly especially now when we are so near the 10 year period? 6% consistently every year no problem...
If still far away from 10 year period, ok la buy.
Second, if you seen what I have seen that the market being irrational lately, you should know it's better to stop buying rather than buying. These are among the things I have seen.
- eg company making less money than previous quarter (a loss) but price still can go up
- eg after ex date, price shoot up further although fundamentally nothing changes with that counter (no additional income/increase in income/no good news)

This post has been edited by Ramjade: Aug 15 2017, 04:39 PM

1-2% no need to see. If one keeps jumping at every 1-2% drop, I wonder how will one will react if there's a sudden 10% drop Bagus, keep dropping baby
If one keeps topping up at every 1-2% drop, wonder how much does one have left to topup when there's a real 10-30% drop.

But realistically, could be only 10% drop or bull too strong so rebound To be honest, I don't think the day have come yet. The day will come if you still remembered how the S&P500 futures was a straight line downwards and make a reversal when Trump gave his speech.

The day will come when
1) Trump is arrested
2) Mr Kim launch a rocket to Guam
3) US/China default on payment

This post has been edited by Ramjade: Aug 18 2017, 01:20 PM

Yup. Directed to me. Let me balas back with this article. For those who still think time is not important, they must be kidding themselves.
http://investmentmoats.com/stock-market-co...-bear-market-2/

If this guy haven't DCA/average down, his average price would be worse.

The thing is it take guts to plough money into when the market you buy is at the top

I agree with you. Opportunity cost. Everything come with cost. Investing big during major bear market will give you extraordinary returns (if it work out to your favour).Investing a small amount during bear or bull market will never give anything significant. When a 60 year old uncle showed you his returns by being patient and bide his time you know he his right. No need to listen to hot blooded youths who want quick money.

Hahaha... We shall see. Talking cock am I? I have provided proof and links all these while to show my steps. I think enough proof and talk. Let my own results speaks.

In case you didn't notice, i took the following opportunity
- Sell down of reits after trump, pump in for manulife AP reits (this was a big drop)
- Pump in money during india "removal of currency"
- Pump in money into asia pacific when sell down after trump

If you still think waiting is a waste of time,
Those who bought citibank shares at USD1 during GFC would have made 6000% return. There's no fund in the world able to make that much.

If I am talking cock, still think I can provide all steps and how to invest in SG? Still think I will share all the articles if I am just talking cock? I have nothing to prove to anyone except myself as it's my money.

Moving little by little is still doing something rather than not doing anything and crying like a baby about it. Everyone start small. Remember that unless you have inherited a golden spoon then it's a different story.

In investing it's about being practical and logical. It's about preserving what you have (even if what I have is small). I have said. A 10% p.a returns in terms of rm and in 10% returns in terms of other currency (you can put in any country currency - THB, IDR also welcome when compare against RM) is big difference over a long term IF the RM drops at an annual rate of 1-2%. I don't diew myr. My approach is simple. Why do more work (generating more RM yourself) when I let something do the heavy lifting for me without puting in more work (no need for me to work for more RM).

Eg.
If one is sending kids overseas for edu, one needs more RM (remember in the newspaper parents suddenly need to cough up 20-30% extra for their kids education because of the RM?) Now where to find more RM? Work harder, get more stress, get more disease, Sell house. After sell house, sell what?
Now, compare with another person who invest overseas. No need hunt for more RM as maybe they just need like extra 5%?

In investing, the amount you topup matters. A topup of RM10k makes a lot of difference with a RM1000 topup. A 10% return is RM1000 and RM100 respectively.

And if you think it's penny wise pound foolish to invest small amount, then a 1-2% drop on a yearly basis gets compounded. Never underestimate the power of compounding.

I rest my case if you still don't get it. The point is you don't need to be HNWI to start (a lot of people think you need to a priority banking customer and only the rich can afford it) A small amount will do. The thing is get started.

This is not to scared anyone. Just a practical and logical point of view and yes I expect this post to get reported again

Boleh. Why not. Summary:
- Timing is important. If you buy in 2007 (height of bull market) vs buy in 2009 (max of bear market) your returns today is very different (if you don't chicken out and sell and just hold)

- Opportunity present itself once every few years. If you topup small amount, your gain is insignificant. If you topup big amount, your gain is very significant. Hence save up for this opportunity. Old people have shown their proof of waiting pays handsomely so why as young people we cannot wait?

- Our beloved RM is dropping 1-2% a year. Compound this over long time, the drop become significant. That's why a 10% return in RM terms is not the same with a 10% return if we use other currency (over few years).
Investing using RM at average 10%p.a (10/4/2008-13/8/2017)
Initial cost = RM10000
Final returns = RM28531.16

Investing using SGD at average 10% p a
(10/8/2008-13/8/2017)
Initial cost = SGD4341.88 (RM10k/2.30315)
Final returns = SGD12387.89 = RM39041.05 (SGD12387.89/3.15155)

Numbers don't lie.

- Because the RM drops, drops, parents sending kids overseas need to find more RM to pay. They may suddenly find themselves needing to fork out 20-30% extra (USD from 3.8-4.x). Now had the parent invest say using SGD to finance the kids edu, they need not need to fork out so much as the SGD really did appreciate againat the USD.
Eg. RM-USD (2008-2017) data is taken from XE.com
- 10/4/2008-> 13/8/2017
- 3.18990 becomes 4.29778
- 34% decrease vs the USD.
Eg. SGD-USD (2008-2017) data taken from XE.com
- 10/4/2008-> 13/8/2017
- 1.379 becomes 1.36438
- Holy!!! SGD appreciated 1.06% vs the USD.

Parents who funded kid's edu using RM need to earn/find more RM so that kid can remain in school. Where are they suddenly going to find extra 30%?

Now who need to work harder for their kids edu? Someone who earns RM from their investment or someone who earns SGD from their investment?

- You don't need to be HNWI to invest overseas. A small amount is enough to start.

- All platforms are provided by myself after through research. If I don't invest in SG, how do I know all those platform?

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END OF SUMMARY

Maybe time to be a silent reader???

I agreed with this. You are investing overseas. But your base currency is still in RM. That's why I said a 10% return using RM is very different with a 10% return using other currency.

Xuzen did a test before.
TA Global Tech vs Henderson Global Tech. Henderson Global Tech won due to exchange difference even though henderson return is bit lesser than TA. Both same amount. Both backtested 3 years.

However when he did a test using RHB Asian income vs Schroder asian income fund, RHB asian income won on fund returns. Schroder lost because the return between RHB and schroder is too wide for the exchange to give it boost.

The situation above shows
1) a fund with more or less similar returns with the stronger currency will win.
2) exchange won't help much if the return difference is very big.

Hence, picking a fund overseas is much easier as
1) you can pick a fund which lags slightly (not much) behind the malaysia equivalent fund (case point henderson vs ta global tech) and still beat the malaysia fund
2) there are more choices available. Picking a fund with same or better returns than what's available in malaysia will definitely beat the malaysian fund (got such fund overseas? Got. Fidelity Global Tech > Henderson Global Tech > Ta Global tech). Results can be obtained from FSM SG chart tool.

Xuzen's example


For those who don't know, TA Global Tech feeds into Henderson and Rhb asian income feeds into Schroder Asian income. Both Henderson and Schroder are available in SG.

Of course if want to talk about Interpac, then different story.

This post has been edited by Ramjade: Aug 19 2017, 10:31 PM

The disadvantage is you lose out on exchange rate as you need to use RM and convert at bank's rate. I am not sure if FSM MY allows you to be paid into a foreign currency account for malaysian or not.

Case point:
See above eg.

At the end of the day, Exchange can only help you if
1) you have more funds to choose (hence you can choose a better fund than what FSM MY have)
2) the fund perform slightly below malaysian fund (which means you have more room to maneuver - able to pick a lower return fund and know that you still can beat funds available in FSM MY)

If you don't take advantage of the above, then exchange is useless.

If you are talking about funds on FSM MY, better to stick wirh RM funds so you won't lose out on the exchange.

If you are talking about SG UT, then SG UT offers more choices at better returns (exchange + performance)

This post has been edited by Ramjade: Aug 19 2017, 09:00 PM

Yes, timing can be important in our purchases. But what you have shown is that there is an investor's returns which is different from fund's returns. The investor's returns as you had correctly said is depended on the time we make the purchase.
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How can that be different? Funds are still a basket of stocks. Take the article I mentioned. That fella went and buy STI ETF (unit trust and ETF are almost similar except one is actively managed, the other is not.) 2 months before the the meltdown begin. Had he not do anything, his returns would have been pathetic. But because he took the brace step by doing DCA manually, it brought down his average cost. A fund manager can't run and hide fully in cash.
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When you can foresee a better opportunity in the near future, of course you wait for it. So does everyone else.

The gist of this 'wait for market crash' discussion is that how can we foresee it. Who can tell when it will happen? And what will actually happen when the market dropped sharply 20 or 40%? If you read the article in the previous page, it was argued that a rebound is more likely to happen than a long recession (where the market will stay flat and move slowly downwards for a long time.)
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Not everyone will be ready for it. If everyone is ready for crash, there wouldn't be people panicking right? You don't see everyone scrambling for the same exit at te same time right? This time ETF will be tested as everyone is buying ETF so let's see how fast they can squeeze out of the door.

Precisely. Most likely will be a quick rebound. Hence one need to be prepared. But shit do happen. This around central banks would have run out of alternatives as
1) interest rate is already all time low
2) how much money can they be "printing"?

Why do you think US feds want to increase interest rate + stop QE?
The answer is so that they have the means to prepare for the next crash/downturn.
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By waiting for the right moment, you could be wasting a lot of time. An option to overcome it and not let time goes to waste is investing little by little, on a regular basis - ie. DCA method.

As we understood, compounding of interest works its magic over time. The DCA method of little-by-little over a long period of time recognise this compounding magic.
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Like I said. There's trade off. You can't get something if you don't sacrifice something. Is either you do DCA (Yes, I agree DCA works) or you just try timing the market. Yes one is wasting time and time - money, but don't forget the 10 year economy cycle is almost up. And we know if US/China sneeze, the world will catch a cold. US valuation right now is already expensive. Analyst graphs have already shown a similar pattern as in 2007 (people who use margins, VIX at low (well before this month), jobs level are same with 2007, increase in bad automobiles loans - all this from cnbc/bloomberg/etc).

Also, let's not forget, this time we have China who is walking a tight rope trying to reduce it's debts and economy growth. If China's debts become worse, well except the market to react badly.
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Your "If you topup small amount, your gain is insignificant..." is a misguided notion. When we are talking of returns, it is in terms of percentage growth. A x% growth on 1k, 10k or 100k is still the same x%. If the returns in dollar terms for a 1k or whatever it is, is too small and puny for you to bother to invest it, and wait till you have a larger amount, then it is fine with us.
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That's true A x% growth on 1k, 10k or 100k is still the same x%. Actually this is more for stock investing. Lesser for unit trust. A RM10k or whatever put into a bear market can generate 10%p.a dividends until it's sold off. 10% of RM10k = RM1k/year. Compare this with putting in RM1k and getting 10%p.a dividend which is only RM100.
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Take s bit of time to think... hopefully you can see that in your previous posts, you were going in circles without giving a valid or reasonable opinion why it is better to wait for the right moment to invest and NOT begin as soon as possible where there is any spare money to start the purchases.
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For this, I do not agree. Timing and time in the market is important. I have already showed my proofs and reasons why timing and time in the market is important. Timing = entering at right time. Time in the market = hold and not sell. This applies to both unit trust and stock investing.

Maybe I should give my reasons again why waiting for the right moment is better choice?
- You will get a boost in return (see eg investing at the height of bull market vs investing at it's depths)
- For stock investing, margin of safety + abnormally high dividends until you sell off the stock
- Real life examples of people who wait to buy and at it's depts
-> Createwealth8888
-> ASSI
-> Uncle Chua
-> Gen-X (if you follow his blog you will come across a graph he posted when he bought and when he "ran away")
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And for your info, a fund that is holding foreign equities, bonds, or whatnot that are listed in the stock exchange in that foreign country do have the risk of forex too, eventhough the fund is quoted in ringgit.

The only difference between the fund quoted in ringgit and in USD (or whatever currency) is that the ringgit fund has to convert the forex to get its unit price very business day.

Your notion that only funds in USD or Sing dollars or whatever currency can have forex growth when ringgit drops is misguided.
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Yes. There's forex risk. But when forex gain is one sided, the risk is almost gone as the other currency pair becomes more like a hedge/pseudo bond fund



Not necessarily a fund denominated in SGD can win a RM fund. Best if I demo this with xuzen's example.

I didn't balas that because that time I don't know about wait. I just buy when it drop. Now wiser already. Did I regret my buying of manulife asia pacific reits? Of course not.

Of course no travelling. I agree with Gen-X. Airasia makes youth poorer as they let youth travel before they're financially stable. Ticket may be cheap but your trip expenses are not.

Why someone cannot have storng currency? Any problem with that. Just because I wrote about investing overseas and earning other currency you are not happy? If not happy, follow my guide and start earning foreign currency la. See whether I make up my guides or they are real.

Actually money can buy hralth to a certain extend. There's a reason rich indons and malaysian head over to SG for treatment. My friend's father who got into an accident head over there as well as something about recovering faster compare if go to malaysia private hospital. Those Johor people just need to work say up to 40 years old can retire already. Normal malaysian work until what? 50-60 years old? The longer you work, the more stress you have. Higher chance to get all kind of disease. Now who's working smart?

Yes my calculations are flawed but at least I am willing to learn. I didn't say I was a financial expert did I? Wow not willing to learn/take a look from those who are already successful (not me but those bloggers) shows how ignorant and arrogant one is.

Some eg.
- Gen-X send all his kids overseas, pampered his family so much. If you have never read his blog, you wouldn't know what I am talking about.
- ASSI 6 figure dividends. How many can showed real proof of 6 figure yearly dividends. No inheritance nothing. From scratch.
- Createwealth8888 showed it's possible to get a 10% yearly dividend for life.
- Mr stingy and Dividend magic both not as rich as the 3 people above, but they are both good teachers. You don't need to be rich to teach people.

When facts are presented by people who blogged without any interest in front of your eyes but one choose to ignore it. Really wow...

You don't need to buy at depth or can't buy at's depth. All you need to know is you buy at reasonably low price and
1) stay vested or
2) run (this I learnt from Gen-X). From the graph he posted. He have managed to run from every bear market. Some he run at 3/4 of bull market, some he run at 1/2 of bull market.

Few criterias I have read:
1) use a support level. Once it break certain support level, buy. Then hold on. If drop past the next support level, buy some more. And this support leveles are huge level. Not those small drops level. Yes. It's catching a falling knife but this method works for the late uncle chua. (I shared the links few pages back)
2) when frontpaged newspaper showed picture of red stock market, buy.
3) know what you want. If you want a 10% dividend set the price to buy at that level (this is for stocks)

Sorry about that. Best if I stop talking since people don't like the contrarian view.