Not read enough

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Added on September 20, 2012, 1:20 pmOops, KLCI down by 1%++

This post has been edited by Pink Spider: Sep 20 2012, 01:20 PM

u buy HSIF, SC is 3%
u "DIY" ur own HSIF by combining HSBF and HSDF, ur effective SC is 1.65% (thru FSM). If u Silver status, 1.4%

Wait, u GOLD status?

Bear in mind, HSIF is a Conservative Mixed Assets fund, AmDynamic is a bond fund. If u want a higher risk bond fund, consider OSK-UOB Emerging Markets Bond Fund and RHB Asian Total Return Fund (feeder fund for United Asian Bond Fund, a strong Singapore-based Asian bond fund. But...SC=2% But heck, AmDynamic Bond also got fee...exit fee 1% ).

Hi unker

Haven't got time to fully explore FSM Singapore website, but from what I can glean from a brieft look, even though no SC, they have this thing called "platform fee", which is recurring like management fee, unlike SC which is one-off. Maybe u can try to study what that means?

I wish I can be like u by the time I retire

How u invest with FSM SG? U got SG bank account? Otherwise, its very inconvenient to transact...everytime need to do Telegraphic Transfer

so many sifu sifu here

ETF min. entry berapa? small ikan bilis like me can only play FSM

FSM SG...u open a SG bank account? But I'm in KL...I whole life never masuk Lion City

This post has been edited by Pink Spider: Sep 21 2012, 01:24 PM

FSM SG bank account? Or FSM MYR bank account? If I'm not mistaken, cross-border TT charges quite expensive

Ok thanks

Me small ikan bilis...wait I got 5-6 figures investment capital 1st

Singapore has the better global equity funds...a lot more choices than us at Bolehland

Define "longkang"

jasmine, u only did 1 lump sum investment? did u top up along the way? for BRIC/EM equity funds, if u do lump sum, sure kaput wan I tell u. u need to do regular top-ups along the way, and look long-term.

I also got a fund down 30%+ at one point, but now recovered with 2%++ annualised return.

Just as I guessed

For unit trusts (esp equity funds), unless u got the entry timing right (bought in at/near the bottom of the market cycle), its highly probable that u could be making a loss.

My suggestion? Average out the purchase cost by topping up every now and then. No guarantees, though.

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Added on September 23, 2012, 2:45 pmAnd look the the other fund u mentioned...

2008: -30%
2012: -9%

Means that the fund delivered annualised returns of roughly 7% p.a. from 2008-2012.

If u had switched out, how sure are you that the next fund would be better? U could end up like my favourite casino analogy...

U bet Small 10 times, open Big 10 times
Then u gave up and switch side to Big, and the 11th round it turns out to be Small...

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Added on September 23, 2012, 2:51 pm1. This question too open-ended, pls be more specific
2. Yes for equity funds, maybe no for bond funds. From my personal experience, monthly savings beat lump sum investment. Read my reply to jasmine above
3. Google "Lipper Leaders"

I highly recommend fundsupermart.com for
- low Sales Charge
- user-friendly website
- online UT distributor with the highest number of funds from different fund houses
- helpful customer service

This post has been edited by Pink Spider: Sep 23 2012, 02:51 PM

Why should they give up? The fund manager's earnings come from the FIXED % Management Fee they charge investors, an underperforming fund do them no direct harm at all. The only harm it can possibly do to them would be investors giving up and cashing out.

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Added on September 23, 2012, 6:01 pmLipper compares funds based on
(1) Total Return
(2) Consistent Return
(3) Preservation

Public Mutual is the BIGGEST in Malaysia in terms of asset under management, but does it necessarily make them "good"? My thought, they're big only because they're accessible (lots of Public Bank branches around, lots of PM agents around). Pacific Mutual Berhad won some awards last year for equity funds, but some of their equity funds stand at a puny RM10m+ only...

Total Asset Value affects investors in a few aspects:

1. Cost
The expenses incurred by a fund are Management Fee, Trustee Fee, Auditor's Remuneration, Tax Agent's Fees and some general administrative expenses. Management Fee and Trustee Fee are calculated as a fixed % of the fund's total asset value, e.g. 1.50% p.a. MF and 0.07% TF. But other expenses typically do not change proportionate to the change in asset value.

E.g. audit fee is RM10,000 per year
ABC Fund asset value = RM100m, RM10K would be 0.01%
XYZ Fund asset value = RM10m, RM10K would be 0.1%

Get the idea?

However, if the fund manager is very good at managing the investments and consistently beat the benchmark and peer funds, who cares about this tiny bits of expenses?

2. Bigger is better? Not always...
Fund with more $$$ may gain access to investment that smaller funds find restrictive. But, as a fund grows bigger, it might find it harder to manoeuvre. Just think EPF, the biggest institutional investor in Malaysia. Each and every move it makes, will move the market. And when it needs to dump some stocks, they have to dump at lower prices, otherwise, not enough takers to swallow them. That's why fund managers usually will have size limit for their funds, which they deem is optimal for manageability.

Equity = stocks

Online UT distributors offer lower Sales Charge. Nowadays, even stock traders/investors do it online...
If u are really uncomfortable with online platforms, u have options like CIMB Wealth Advisors, Public Mutual, or you can just go to any banks. But the SC gonna be charged in full, ranging from 2% for bond funds to 6.5% for equity funds.

This post has been edited by Pink Spider: Sep 23 2012, 06:07 PM

+100

1st, compare the performance of your fund compared to
(1) its benchmark
(2) its peers

If the fund is an underperformer, time to dump.

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Added on September 24, 2012, 1:21 pmWhat I do is, buy on dips.

This post has been edited by Pink Spider: Sep 24 2012, 01:21 PM

I prefer Global Emerging Markets fund to BRIC fund.

Vietnam, Laos, Africa etc

GEM pun dah susah for us laymen investors to research and study...FM...lagi susah...little news and transparency

Scammed too much money, loads of liquidity, all flow to stock market kot

Also "black oil" money

Where u got the yield data?

One reason I can think of is that valuation of REITs have been chased up too high by the market in search of yield in this zero interest environment.

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Added on September 24, 2012, 8:48 pmI actually ALMOST clicked the "Buy" button today morning when KLCI dropped below 1610...to see it bounce back after lunchtime

This post has been edited by Pink Spider: Sep 24 2012, 08:48 PM

I think I have gambling investing addiction

Ok got it...at the factsheet.

Reasonable la...30% liquidity to take advantage of price weakness and new issues

REIT funds still ok for small investors like me who have small capital...hard to achieve adequate diversification if I buy REITs myself