Very bad drop
TS sell would be a correct move
But I buy which is a bad move
If got money gonna buy a little more on Monday

1.0925 to 1.0905 again drop 20 points


This post has been edited by majorarmstrong: Aug 29 2020, 09:34 AM

what are u talking about man?

Monday off la, if keep dropping don't buy 1st, you will take more time to get back to the same price later

Faham

Every 1st of the month market will do UP correction ma,shifu?

I am not sifu but i guess/suspect is not the 'every 1st of the month' case but related to bank, government sector or foreign selling. Could not find any information about it (maybe wait few more days while waiting for sifu / forumers to input).

NAV of some other bond fund in Fundsupermart, for example: Amanahraya syariah trust fund, Ambond, Nomura i-income fund are also dropping. Is able to notice the drop started around 25th August onward.

not 1st of the month but end of the month

felt weird previously based on their historical NAV and concluded that they will have another NAV on every month end

If i understand correctly, transfer fee= withdrawal fee?

So let say i have rm5k in mpf and withdraw it to maybank account, the fee is rm5 ringgit right?

If you're selling the fund, the process is called redemption.
Most of the funds have no redemption fee and proceeds from selling fund is usually fund transfer to nominated bank account.

where did u see this rm5 fee?

In the product highlight sheet for mpf. Go to the first page, expand mpf and there should be a link to the product highlight sheet. With that being said, the guy above me already clarify, transfer fee is not equal to withdrawal fee just in case you are wondering the same thing.

This post has been edited by iqlas: Aug 31 2020, 06:59 PM

oic then what is this transfer fee? hmm

Transfer is normally holdings tansfer to and from another fund house.
It could be either transfer in or tranafer out.

This transfer fee looks like to be charged when transfer from platform A to B, eg from Opus to FSM
It is not the redemption fee or switching fee.
Not sure correct or wrong.

Transfer ownership to other people.

https://www.opusasset.com/wp-content/upload...spectus-IPF.pdf

6.8 TRANSFER OF UNITS
You are allowed to transfer the ownership of the Units of the Fund subject to you maintaining
the minimum holding requirements of the Fund after your transfer application.
We must receive your completed application to transfer on or before 4.00 p.m. on a Business
Day. Any application received after 4.00 p.m. will be treated as having been received by us on
the following Business Day.
The application to transfer must be made in terms of Units and not in RM value. You must
transfer a minimum of 100 Units or such other amount as may be determined by us from time
to time while maintaining the minimum holding requirements of the Fund after your transfer
application.
We reserve the right to reject any application to transfer without providing any reason.

NAV for 31/08/2020:

IPF: 1.0908 (+0.0003)
SIPF: 1.0459 (+0.0003)

Thanks for the update keep it up bro
Sometimes uncle just lazy to login and check

Thanks for update, planning to buy if it rises again tomorrow.

Anybody have issue with selfie?
It keep saying picture not clear.
Ive tried capturing outdoor with ample lightning also failed. Any alternative how to submit selfie?

Edited: nevermind, i manage to submit the selfie somehow

This post has been edited by iqlas: Sep 1 2020, 02:26 PM

i again top up RM2k today