Learn from xuzen. Bond is not for speculative play. It's for
1) anchoring your portfolio
2) it acts as a warchest for you to unload during mega discount.

That's why my bond fund is going up nice and slow.

This post has been edited by Ramjade: Jan 4 2018, 07:53 PM

Don't get too confident. What you are experiencing in the stock market is election play.

This post has been edited by Ramjade: Jan 4 2018, 07:55 PM

It doesn't matter. It have nothing to do with political stocks. The feel good factor in bursa is because of the election. Once election is over, "money dried up", all counters will be affected regardless political or not.

No money how to push up bursa?

Good. Just make sure you have cash for shopping. Most people just chase and when got discount, all chicken out.

Can use EPF money to invest foreign funds + KGF also what. Why want to let them do for you when Lee Sook Yee does a better job than them?

Just have to make sure that the following scenario does not happen up=down=0% gain.

Eh I thought you switched your bond over to manulife?

For me, I didn't see the beauty of bond fund while still on FSM MY. Only saw the beauty of it after reading some SG bloggers experience and experiencing close to zero interest in SG. We Malaysians are pampered with FD of 4%. If only our currency is as strong.

Alright. Thanks for the info. I thought can withdraw all.

Of course.

This is where I support FSM SG (I am never a fan of FSM SG) is definitely a better choice in the long run.

I am
When it comes to FSM MY managed portfolio vs FSM SG MAPS, I support FSM SG.
When it comes to individual fund, FSM MY vs FSM SG vs POEMS SG, I support only POEMS SG.

Note: I don't use managed portfolios as I don't believed in giving platforms/business free money.

This post has been edited by Ramjade: Jan 5 2018, 10:54 PM

I believed I already shared enough details on how to go about opening FSM SG. Dasecret have already shown how much is her FSM MAPS making.

All info on what I said can be backed up by FSM SG chart centre and my replies on FSM SG thread.

Enough said.

Nice leh. When I told people to get a Japan fund, all ridiculed me.

This post has been edited by Ramjade: Jan 6 2018, 04:59 AM

Generally before election, there's a sense of euphoria. Local market will be climbing.

Whole world market drop. It was mega discount. Don't worry. With trump new tax plan, it's basically QE again as he's flooding market with money. Let's see how long it can go. You can wait or go join the fun.

I would like to clarify this. How often are you bringing back? Every month?

FSM MY service charge per year =1%+
FSM SG service charge 0.5% p.a

How to get around bank eating your TT.
- Open a maybank SG account. Can be done in malaysia. Then use remittance service like moneymatch to transfer over to SG. Then use transferwise to transfer back.

Help save your 1-2% each trip.

Nope.
0.00% for Conservative portfolio
0.50% for Moderately Conservative portfolio
0.75% for Balanced portfolio
1.00% for Moderately Aggressive portfolio
1.25% for Aggressive portfolio

Portfolio Management Fee*
0.50% per annum, charged on a quarterly basis

Depending on what portfolio you pick.
My mistake. But every time topup = kena charge fees.

Of course. When US and China sneeze, the world catches a cold.

The only good thing which comes from kenanga is KGF. Their other funds are not really performing.

The thing is if their fund manager is no good, how can we be sure their AI is better?

Don't buy hedge fund. For what want to waste money on unfavourable exchange rate?

If you want foreign fund in different currency, recommend you open account with POEMS SG (can be done via post)
- multicurrency account which means just do a TT to them in the currency of your choice and you can buy later
- plenty of foreign denominated funds to choose and just pay using the money in the multicurrency account
- zero service charge +zero platform fees.

How to pay like a local?
1. Go down to SG, open a DBS multipler account. You will be given a free cheque book.
2. Open POEMS account while you are there
3. Come back Malaysia, open moneymatch/instarem account
4. Transfer foreign currency into your DBS multiplier account using either one of the two services above.
5. Write a cheque by using the free cheque book you received earlier in whatever foreign currency you want and post it to POEMS. You can use the bank's demand draft too but not sure if there is cost for multiplier account
6. Only thing you need to pay: postage.
7. Alternatively, contact POEMS and see if they allowed you to pay using remittance service provider. If yes, you don't even need to go down SG. Just direct transfer.

Are foreign currency funds good?
Yes some are better than SGD funds, some same as the SGD fund. Some worse off. Of course this is considering fund A SGD vs say fund A USD (same fund but different currency)

Maybank SG can't help you if you want to buy foreign denominated unit trust as
1) maybank SG does not have a multicurrency account
- which means RM > SGD > USD/EUR/ etc unit trust (double conversion)
- by having a multicurrency account, RM > USD/EUR/ keep in multucurrency account > use your USD/EUR/etc to buy USD/EUR/ etc unit trust (single conversion)