I dont think think anyone is in profit for 2021-2022. Imagine downturn -20% + inflation. Basically erode everyone wealth in financial market.

True or not? dont just come and prick others in pain...

true that!
If you started to invest this 2H2022 probably you will see green portfolio at this moment, as you enter in cheaper valuation.

Might as well suggest people sell off everything last year and buy back this year.

Higher Country Risk Premium, Downgrading China & HK to 2.0 Star "Unattractive"

https://www.fsmone.com.my/funds/research/ar...ttrac?src=funds

A nicer way to say that it is uninvestable.

Hi guys, not sure if its the correct thread to post the question in but had a sudden thought on my current situation:

First disclaimer, im currently both invested in FSM and IBKR.

With the increasing USD-MYR rate recently, it would seem more expensive to use MYR to buy USD to trade on IBKR.

Assuming the stock that i wanted to buy is part of a fund in FSM (and also assuming i also don't mind to own the other stocks bought by the fund)

Which is actually cheaper? Does the FSM have a better leverage to buy the stocks at a better rate?

RIP to those who have way more local focused  funds vs those who have more foreign focused funds, especially those who have more developed market focused portfolios.

To those who’ve blindly listened to their agents etc and just bought into random funds without putting in any work to simply Google and taken some interest into the fund that you’re dumping your hard earned cash into, its worse for yal. And YOU are to be blamed not your agents. It’s worse for yal due to your lack of putting in the work to actually know what you’ve put your money in. *sorry if it’s redundant, just emphasising that you were careless with you money that you were “investing”*

It’s yet another tough year ahead of such funds (local funds). RIP if you’ve invested 3 or even 5 year before.

That being said, my caution is to consider foreign funds. I’m assuming most of us here are locals of course. Which means the bulk of your investments (epf at least) is tied up in local equities. Which seem bleak to say the least, the klci having a 10yr negative performance and all, factor in annual management fees, etc (for local UTs). I seriously question those who advise to buy pure local funds now given the current climate. The only type of fund I think is advisable for the younger bunch, if you have to, are small cap funds and similar high risk local equity funds (tactical). This is asuming this is one of your only funds matched with a bond Fund to regulate your respective risk tolerance. Accompanied with a regular investment for 10-20 years.

Side note especially if you’re young, do consider an 80 stock and 20 local bonds mix at least. you cannot anticipate when you may have the need to break into your investments despite how confident you are. Unless you have a year’s worth of income in your emergency fund. Just my two cents.
Also, don’t keep holding to losses (UTs), mainly if you have a better place to put those funds that you think would get you out of your losses faster than the fund you’re currently in can. A paper loss is still a Loss. Unless you have a really big fund that you’re using for income now.  Consider switching to funds that will take you out of that loss and beyond Vs your current fund.

Don’t be held back by the notion that If your current fund is down pulling out means you lose. Yes you do lose if you pull out and tuck it under your bed.  But if there’s a better fund/ opportunity to make better ROIs switch without a beat. I’d like to see the math for those who don’t think pulling out of a losing investment (for the sole purpose of not “realising” losses as a principal) vs investing in another investment that’s yielding better returns. A capital loss is a loss regardless. Your only loss in switching to proper funds is your sales charges etc. but if you’re investing for 20 years ahead this does not matter (switching/ sales charge). The detrimental costs to look out for are obviously the annual charges (eg annual mgmt fees) not one off charges (sales charge). 

I’d recommend 60 in a developed market market fund (even a pure US fund) and 20% in apac funds, remaking 20% in a local bond fund.

If you’re feeling risky then do 60% US, 20% Malaysia small cap, 20% local bonds.

Give 20 years or so you’ll beat all those who were wannabe warren buffets or [insert fampus investor here].

If you want something very simple and you have a  small DCA amount then Just go for a sinple 2 Fund portfolio, 80% in a global fund and 20% in a local bond fund.
Sorry for the rant. This is probably the advice I’d give my younger self. Don’t bash me hahaha. But no I welcome any disagreements. I’m curious indeed.
Post note. I had my funds all over the place. Having focused down I’ve managed to recoup my losses from apac funds. Not discouraging investments there tho. There’s a place for it in a well diversified portfolio. Now is as good time as any to jump in for long term returns.


My current (UT) portfolio is just
MUlife US Equity 80%
Amanahraya Syariah trust fund (fixed income/“bonds”) 20%
*if curious as to why just US ask me why

https://www.fsmone.com.my/funds/tools/facts...ss?fund=MYML008

where do you get the 5% yearly fees?
the Annual Expense Ratio of the fund is 1.86% from the fund factsheet.

Wow, if "2 funds with average of 2.5%" meant "throwing away 5% yearly just in fees".

Then if I had 10 funds in my portfolio, it would means "Throwing away 25% yearly just in fees?
At the height I had about 20 funds, ...then 50% thrown away yearly just in fees?

That is just so unbelieveable.

i assumed u get the number of 3.74% by adding up Annual Management Fee, Annual Expense Ratio, Trustee Fee.
but as i know, Annual Expense Ratio is inclusive of Annual Management Fee and Trustee Fee, which mean the total yearly fees is only 1.86%, that is the price to pay for trying to beat the market (VOO)
and plus the benefits of
- not having to worry about FX rate/cost when you are trying to send your MYR to IBKR
- having funds located in Malaysia, easier for my family to claim my funds when i passed away

I know someone who paid 5% sales commission to purchase Public Mutual fund (buy via banker/agent) long time ago…but that’s the sales commission and not the annual management fees

In that case, why bother to DCA? Isnt it needs a very long time to be profitable if the price keep dropping for months?

Buy low sell high still applicable in this case?

Thanks.

But looking at your example, isn't it still buying at a loosing end (although we are accumulating more units)?

I give a real example of my investment. I bought the Principal Asia Pac Dynamic Income Fund when the market was good many years ago. Despite the bad market  nowadays, it is still green. However, I also bought the same fund from a bank last year and no matter how much I top up, it is still red!

DCA makes the assumption in the long term the price will go up .

But this statement is not always accurate.

1.) The stock/equity might take too long to break even which means you are still losing compared to other equity.

2.) The stock never recovers.

Malaysia is one example

Kenanga growth fund is one example 5 years and still negative.

We won’t know when the market hit the bottom, but there are some data available to see the market trade at higher range, lower range etc.

Historical price data, PE ratio, PB ratio etc.

DCA is not a magical/ sure win formula

is that worth to put fund to Cash Management Fund 2? Interest shown 3.014% already...

But imagine, in 2015 someone ask you to continue DCA on KGF  because it will go up in the future and then they tell you "volatility" is normal , you have to "stay invested" and once the bull return you will be gaining.
So you DCA for 2-3  years and then you realise it was a mistake.

So it's the same thing now, you can DCA  but at the end of the day it's which company/fund you choose to DCA will determine whether you make money or not.
It's not the DCA strategy that makes you money, it's knowing what companies have good prospects that will make you money.

Hi folks,

Is it the right approach to periodically compare your UT holdings performance with other funds of the same category?

When I first started investing, I bought Affin Hwang Select Asia (Ex Japan) Opportunity Fund because at that time I was a total newbie and saw the fund in FSM's recommended list for 2019, so I just follow and buy lor . All was good up till Covid, where I remember I had about 15-20% returns

Now 3 years later I see there is this Quantum fund that is totally outperforming the Opportunity fund.

In this kind of scenario, does one just jump over to the better fund?

Add: Am aware these two funds are China/Hong Kong heavy which may not be ideal to invest in, given their current situation

Thanks. You mean bank is paying these "trailing fees" which is why their SC is so high?

What's the difference between SC and trailer fee?

My guess,
should be the fundhouse that operates that fund. Banks ate sort of middleman/promoters/resellers like fsm.
My guess,
banks charges higher fees because promoting or selling UT is not their core business and the space needed to be setup in the bank frontal main lobby space is not cheap other than manpower cost. FSM is online DIY, ...lesser operating cost.
My guess,
Sales charges is one off, deducted from the investor's purchase.

While trailer fees are yearly giving out by the fund house for the amount of aum of that fund being keep under the "middleman"

My concern is specifically on RHB funds where RHB is the fundhouse, isn't? And now RHB (and many other banks) are selling their own funds via online, eg. RHBAM which requires no space. 

But the same fund sold in RHBAM and FSMOne has very different SC. 5% vs 1.5%

I think different entities..
RHB BANK & RHB Asset Management are different.

Just like Public Bank and Public Mutual

Can try check if there are any dividend distribution being made during this "every April and October"?

Nope, didn't coincide with dividend distribution, or even OPR hike.
In fact, I noticed Nomura Income Fund has the same pattern too.

I wonder what event causes all these funds to behave like that.

Can Fund Manager manipulate NAV of the fund he/she manages?

January so powerful, all China funds up