What happen if price is high but there's no sales charge?

Go straight for Amanah saham fixed price fund.These few days many people have been getting record 5 digits transactions easily.
- Buy and sell at RM1/unit (which means you buy at say RM1k, you sell at RM1k
- Earn min 6%p.a provided you keep the bare min of RM100 inside
- On the spot withdrawal. No waiting time.
- No service charge on buying or selling
More info can be found here.
https://forum.lowyat.net/topic/4183284

Don't use FD. I know people in that thread who actually use Amanah saham as parking while waiting to completely pay off the balance transfer. Easily earn 6% while waiting for balance.

This post has been edited by Ramjade: Jan 15 2018, 04:53 AM

SG reits are over value now.

Nope. Semua OK je.

Nope. I just click yes. Sometimes it's ridiculous when good funds are limited to those with cash. The only thing stopping us buying is a checkmark.

This few weeks very easy to get 5 units/transaction.

Yes. Only need RM100 (100unit) to open.
Some asnb branch let you open with 0 units. ASNB can see availability of units in real time.

This post has been edited by Ramjade: Jan 18 2018, 08:33 AM

This info is new to me too. Before this need min rm100 to open at banks.

Like I said these few weeks it's damn bloody easy.

I can get zero sales charge details charge for POEMS SG. No need apa platinum status also

Ask yourself what you want? Do you want to invest inside Malaysia or outside? How much is your expected returns?

For me personally, it must fulfilled few criteria
1) it must be able to beat EPF/Amanah saham
2) it must be a consistent winner and not a one time champion.
3) it must invest oversess

Why are these criteria important to me?
1) Both Amanah saham and EPF are considered risk free investments (in terms of RM) and they both generate around 6%p.a
- Now tell me why would I put my money into something which can cause me to lose money and give 6% or lesser when both EPF and Amanah can also give me 6% without the risk?
2) Second reason is obvious
3) I am firm believer that RM will depreciate against all currency in the long run. So why should I invest in Malaysian concentrated funds?

This post has been edited by Ramjade: Jan 20 2018, 08:00 PM

CMF = cash management fund/money market fund
DIY = do it yourself instead of relying on FSM managed portfolio
AHSB = affin hwang select bond fund.
Overweight = buy more/increase % of holdings- either you are confident or you are betting on that region.

Learn about asset allocation, funds selection criteria. This is a very basic asset allocation based on bogle head 4 funds method.
https://www.turtleinvestor.net/asset-allocation/

Try not to be spoonfed for everything. You need to read more. There's so many good books and blogs to read. I learnt from reading blogs and forums. No one personally guided me. Ok. There are some I considered my sifus. But up to extend of holding your hands and guiding me every step, no.

This post has been edited by Ramjade: Jan 21 2018, 09:08 PM

1. Can.
2. Back to EPF.

The thing with using EPF money, can you beat EPF risk free return of 6%? If you can only get 4-6% returns, you are better off with sticking with EPF.

Not to mention you can only withdraw 30% of the excess min balance to invest.

This post has been edited by Ramjade: Jan 23 2018, 08:31 AM

If you really bothered about switching can try
1) ninja trick (fund house A equity > fund house A bond > fund house B bond > fund house B equity)
2) join me in POEMS SG where you can buy for free. Switch for free. Zero platform fees.

Procedure takes at least 2 weeks. Bond A to bond B should be free as mentioned in FSM FAQ. I for one never do any switching before. So can't really comment.

Sales charge only happen if you buy a fund. 1.75% of the total money will be paid to FSM.

Fund management is what you pay to the fund house every year regardless if the fund is making money or not making money. It's calculated into the fund daily NAV which means you don't need to pay extra every.

Sales charge can be bypass but not fund management fees.

How to bypass sales charges? There are only 3 ways I know of.
1) open account with eUT Malaysia and buy funds during promo period (required min RM5k purchase)
- don't go chase sales charges discount. It's a bonus if you can get for free.
2) use ninja trick as mentioned above.
3) the real true way:
- open and use POEMS SG. You will get zero sales charge + zero platform fees forever.
- this only applies if
1) you want to have more fund selection
2) get returns in terms of SGD rather than RM when you sell your funds.

Theoretically you don't need. Practically you need.
Can look into these 2 threads for more info. All info to open account from Malaysia without going to SG is all there in the threads below.
https://forum.lowyat.net/topic/1440794/all
https://forum.lowyat.net/topic/4481674/all
You can buy bond fund from POEMS SG without the need to pay quarterly platform fees unlike FSM MY. FSM MY charges 0.05% per quarter for platform fees for all bond funds.

What this means say you invested SGD1k via POEMS SG, your full SGD1k will be put to work. No additional charges when you buy. No quarterly charges.

This post has been edited by Ramjade: Jan 24 2018, 03:11 PM

The popular ones like AHSB, have.

Follow what xuzen said. Bond funds aren't for seeking trills/return. They are there to provide stability and more or less consistent returns. If you want returns, go for equity funds.

Keep in mind that emerging markets are volatile. 25% drop in currency is normal.

This post has been edited by Ramjade: Jan 26 2018, 09:27 PM

For those want free service charge, there are 2 ways
1) wait for eUT 0% promo
2) open POEMS SG. Everyday is 0% service charge. No need to go seminar, beg customer service for voucher, no need min topup.

Case settle.