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 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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diversity
post Jun 28 2018, 03:30 PM

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what is the frequency in which profits are obtained in the cash management funds?

sorry my knowledge very bad, read liao still not 100% understand
diversity
post Jun 28 2018, 03:42 PM

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QUOTE(MUM @ Jun 28 2018, 03:41 PM)
hmm.gif me too.....

if you mean, the frequency of which you would like to withdraw from cash management fund?
if yes,..as long as there is profit, you can withdraw subjected to

Minimum Redemption Amount RM 100
Minimum Holding RM 100
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lets say if I put 1K cash today. The profits is it like monthly like FD?
diversity
post Jun 28 2018, 05:12 PM

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QUOTE(ChessRook @ Jun 28 2018, 04:44 PM)
Lets take the RHB cash management fund 2 at Fundsupermart. The interest returns are accrued daily. Because this money market funds invest in "predominantly assets in Malaysian Ringgit deposits (not more than 365 days) with financial institutions in Malaysia" meaning fixed deposits, it is relatively low risk.

It may not match some FD rates like 4.1-4.25% of certain banks but given that it is fairly liquid in getting back the money in +2 business days. It also has the advantage of not losing some portion of my interest if I want to withdraw early unlike FD. The current rate of RHB cash management fund 2 is about 3.45%.

Another positive, is that there is less requirements than FD. It only requires min RM500 to invest and RM100 for subsequent investments. Some FD requires some min amount before getting a good rate.

Honestly, I put part of my emergency savings into this.
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very very good explanation! thanks so much. Will place some of my excess funds into it rather than just sitting at my regular savings account. Amount not big enough for FD.

For UT are the returns daily or monthly?
diversity
post Jun 28 2018, 05:12 PM

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QUOTE(ChessRook @ Jun 28 2018, 04:44 PM)
Lets take the RHB cash management fund 2 at Fundsupermart. The interest returns are accrued daily. Because this money market funds invest in "predominantly assets in Malaysian Ringgit deposits (not more than 365 days) with financial institutions in Malaysia" meaning fixed deposits, it is relatively low risk.

It may not match some FD rates like 4.1-4.25% of certain banks but given that it is fairly liquid in getting back the money in +2 business days. It also has the advantage of not losing some portion of my interest if I want to withdraw early unlike FD. The current rate of RHB cash management fund 2 is about 3.45%.

Another positive, is that there is less requirements than FD. It only requires min RM500 to invest and RM100 for subsequent investments. Some FD requires some min amount before getting a good rate.

Honestly, I put part of my emergency savings into this.
*
very very good explanation! thanks so much. Will place some of my excess funds into it rather than just sitting at my regular savings account. Amount not big enough for FD.

For UT are the returns daily or monthly?
diversity
post Jun 29 2018, 07:58 AM

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QUOTE(ChessRook @ Jun 28 2018, 08:06 PM)
For UT funds, the returns you get is from the upward movement in nav prices. NAV = net assest value of the UT fund. But Nav prices can also go down or remain almost the same also.
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means it is like trading in stocks? whereby one needs to contemplate when to enter and when to exit? ohmy.gif
diversity
post Mar 7 2021, 11:51 AM

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My china funds from profit 800 to now slight loss over the last 2 weeks despite averaging down several times

Really crazy and learning lesson to me, should've been fast hands like stock market
diversity
post Mar 9 2021, 09:38 PM

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QUOTE(encikbuta @ Mar 9 2021, 03:48 PM)
if it helps a little, the drop in Principal Greater China is coz of income distribution some time in 3rd March. it caused a 3% - 4% drop in the fund. once the income distribution comes in, expect the fund to go back up 3% - 4% biggrin.gif

but yea, hang in there man.
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Thanks bro, didnt know that. Feel a bit better now heh

How can one know about the income distribution one? Sorry newbie here
diversity
post Mar 9 2021, 10:08 PM

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QUOTE(kazekage_09 @ Mar 9 2021, 09:38 PM)
Here is my current portfolio. Just entered last month after asking few questions is this thread. All swimming in red.  doh.gif  doh.gif

user posted image
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at least your entry point is very low, very easy to recoup your losses if you average down and when it rebounds.

I personally kept buying increasingly when the price went up since last few months of 2020 until this month, profits all wiped already.
diversity
post Mar 11 2021, 10:01 AM

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QUOTE(thecurious @ Mar 9 2021, 09:41 PM)
You can check at the fund page, historical income distribution.
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How long does it take for the income distribution to be completed?
diversity
post Feb 28 2022, 06:58 PM

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-20% unrealised loss position for my UTs (half China equity, half global balanced) in view of worrisome global news. Hope this doesn't become falling knife, don't have the stomach to average down at the moment

This post has been edited by diversity: Feb 28 2022, 06:58 PM
diversity
post Mar 16 2022, 02:34 PM

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My principal Greater China from +10% early last year to nearly - 30% now. No eye see.

This post has been edited by diversity: Mar 16 2022, 02:34 PM

 

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