why tag me pulak... not sure what I can contribute on this

Anyway, dividends can only be declared when there's distributable reserves, usually derived from profits from operation, be it this year or previous's.
With the new company's bill effective last month, directors are now required to make a solvency assessment before they declare dividends to make sure that dividends would not have an adverse impact to the cashflow position of the entity

capital repayment is quite rare for ordinary shareholders, so I'm not familiar with its requirements or uses.

Why 12%? You do realise the benefits that you feel available in SG and not MY such as better funds would mean that in a bull run you would earn more with funds in SG instead of MY; and if you believe SGD:MYR would go up to 3.5 in near future would mean it's better to translate now than later right?

Just pointing out the obvious

Thanks boss. Obviously on this thread what you say bear a lot more weight than what I say. Been trying to say this so many times and yet get replies like "but the initial investment only RM10k", or "FSM doesn't check or ask for income or networth proof"

How do you protect retail investors from banging wall on their own?

I don't have an answer to it, the selection methodology is quite open ended and doesn't specify and fund house exclusion. But I noticed Affin Hwang did not win anything in both 2016 and 2017.
Another possibility is they only rate MYR bonds and select bond is more of an asia bond fund like RHB ATR and RHB EM bond

By the way AmDynamic used to be "THE BOND" to hold. Until they had some issues few years back. I supposed that's why they are still the winner for 10 years

KWSP website is now updated with the latest list effective today
http://www.kwsp.gov.my/portal/en/web/kwsp/...vestment-scheme
Public Mutual and RHB has the most suspended funds it seems. Even Kidsave which was a once flagship fund is now suspended. PM's highest return funds - Small cap and islamic opportunities also suspended

Glad to see that the forumers here are beginning to remember this advice

Interesting choice from FSM. This is one fund that I have love hate relationship with. The volatility is higher than most asia pac EQ funds. Everytime it's down I'd vow to sell it, after I sell some it would go back up. At the moment my IRR is 8.6 %; held for almost 4 years. Bought this fund same time as RHB Asian Income Fund; much prefer AIF's stability; and my IRR for AIF is 10.4%

Let me trigger some discussion here

while your points are correct, there's one more item you have not considered

The effective expense ratio is higher for PRS funds that takes a feeder fund model because unfortunately the way PPA structure the fund, the mother funds have their management fee and expenses; while PRS funds management fee portion is not double counted; the expenses are incurred in both mother fund and PRS fund. So although you saved on sales charge; which is one off; every year you pay slightly more on the expenses. And in someone's books, that's totally unacceptable; for me, the tax savings still justifies it

for details on this I'd suggest you look into old discussion on the PRS thread involving myself n xuzen.

Mine also same; but I think Msia allocatio high or not is relative. When everyone else here say Msia doom doom doom I continue to hold MY funds lor

So who else still have their MY EQ funds?

This kind of credit I don't dare to claim lor.... did a quick search and the fund was already mentioned in the first ever FSM thread 4 years ago

p/s: I didn't pay 3% la; the maximum charge on the sales channel I bought from is 2% but I didn't pay that much either All in all it was a great buy, cos with the lobbying here, now it only cost 0.2% platform fees for future purchases

pp/s: Miss having william around. Who keep in touch with him?

Didn't saman la; just showing the newer ppl here that select bond was discussed way back ma

Most of the old timers don't spend time here anymore

it's call using the search function. and it's more auditor's skills than woman memories

I haven't even started hanging out here in 2013, was still on property threads

Ponzi 1.0 1 day change is 1.8%; kapchai pun lose ok

Sometimes fund of the month that FSM promotes is really timely. Glad I topped up ponzi 1.0 last month following FSM's buy call; 7.4% ROI since 3 Feb

This month's APEI buy call I'm still not so confident

This post has been edited by dasecret: Mar 13 2017, 05:49 PM

Select bond's forex is hedged; so when MYR weakens, select bond won't go up as much as EM bond. Not quite the apple to apple comparison if you ask me

So what's your plan on REITS? That's your lowest IRR funds and quite high allocation

Very high risk portfolio

Wow, you know everything about ASB?

My ever burning question of ASB - What is the NAV of ASB? Don't tell me 1.00 per unit because that's just the book value that it's trade at. I would like to know what is the value of its underlying assets; both 70+% quoted shares and 20+% other investments

That goes to show that you've not read the master prospectus nor the financial statements for ASB. The NAV is not disclosed; in fact, the so called financial statements do not even present statement of financial position (in layman terms balance sheet), beats me why they even call it financial statements, more like incomplete records.

I asked because I've exhausted methods I know how to get the information and I have a genuine interest to find out. It's more than just dividend rate that matters

Yawor, I thought I met the otai who can finally give me answer to my burning question

Anyway, what I wanted to know, on top of the market value of the quoted shares; is also what is this other investments/pelaburan lain dan aset bersih


But nevermind la, I'm not vested in ASB and can never be. If ppl who are vested are happy of not knowing, why should I be so nosy. This fund is not even capital guaranteed like Tabung Haji which raises the risk of bail out causing a systemic risk to the country

Thanks, I am aware of the exemption granted. But aren't you curious about the underlying value of the assets that you invested in?

anyway, I should stop here la. Not like this discussion will really get anywhere

Boss, don't like that la. It's just one of those topics I like to kepo about; cos cannot get answer. How la a set of accounts without balance sheet. Accountant+Auditor OCD

Send me $$ and your transaction listing and I fill in for you want?

Answer to your note - There are ASx funds that allows non-bumi to invest in, they are usually fully subscribed but you can still try your luck to place your orders. Especially now there's online portal to do it. Look for the Amanah Saham thread and the folks will guide you accordingly

As for FSM MY, personally I'd go for it. Yes, they charge one off sales charge for equity funds, but that means no platform fees. So long run it can work out to be cheaper. There's also switching ninja trick that makes sure you only pay sales charge once for every ringgit you invest in equity fund. but it's tedious la

Unfortunately FSM MY does not offer robo advisory yet, so you will need to figure out what fund you want to invest in and buy them accordingly. There's a list of favorites among the forumers here. Crystal ball's prediction is particularly popular. I can list you mine too but I take no responsibility if you lose money following my recommendation