Norm lar - kamsau type agent as BoneScythe call them Just wanna sell equities, got more commission mar.

BTW, U better get the writing from AmBank itself on the 90 days backload thing.

The management fee - all costed daily into the NAV of all funds.

This post has been edited by wongmunkeong: Jul 22 2011, 09:39 PM

Well, think of the management fee calculated daily and minused from the day's NAV to get the net NAV (
EG: NAV -(1%pa * $1.10 NAV /364.25 days)
Not the actual calculations had, just explaining the concept of management fees already factored into NAV.

As for the backload, trust official print not human talk only

FundSupermart's good on the surface so far. I've still yet to get my head wrapped around their SWITCHING of funds, intra-fund houses & inter-fund houses . Anyone here can crystalize it? I called them and i'm still blury (IQ not too high, what to do)

The other part is unsolvable - OSK's behind it heheh (look @ the recent debacle on DRBHICOM)

ooo talking about that, my upline responded last night. Sorry ar - tiedup cow cow. Your earlier item, he'll support U cow cow either way (ie. he as yr direct or indirect)

erm.. right off the bat, i'd say it's more of an Insurance thing - if U calculate the returns per annum, it's kinda miserable (mental calc - too lazy to Excel-ize it ). If you / yr mum's looking for that - great. Else.. erm, yr mum may be better off doing other things with the cash. Keep in mind - (lockedin period VS minimum returns (for sure get) + maybe get) VS FD VS REITs VS Stocks Vs. etc if she's not into insurance reasoning.

Aiya bro, if it's her bestest friend and yr mum wants her bestest friend to enjoy 5 to 6 years of yearly reducing commissions (usually for life insurance lar, unsure this exact one), ok mar. Spread the wealth and help the country's economics

Ok ok - back to reality. Sometimes our parents' decisions seem illogical to us. What to do - their perception is not our perception. Most important thing is - does she need the $ to live on + is it your $? If no to both, aiya, just chill lor coz even if she doesnt put it there, U are not well versed enough in other vehicles to allocate & manage the $ mar. Not everything needs to be optimized or efficient-nize Right or right?

This post has been edited by wongmunkeong: Jul 27 2011, 06:05 AM

That's how the kamsau companies and agents sucker us "con-sumers" daily lor. Have to be better at numbers - statistics never lie, it's how they are used that IMPLIES wrongly to people unaware

I second that - own personal experience. A gang was also called in to "table talk" with me in my own home! biatch... <end of violent memories vivid recall>

"Hope".. ah.. memories.. Based on experience, better to trust probabilities than "hope" .
eg. buy stock and HOPE it goes up
VS
buy good Co's stock at historically low price due to general fear/economic slump (ie. not the Company's own doing).

Just go with eyes wide open (and several EXIT plans yar).

This post has been edited by wongmunkeong: Jul 27 2011, 12:56 PM

Bro - there's no right or wrong. U can wait for signals and stuff OR U can go in periodically - it's just a matter of your own plans (entry/exit) and wants.

One major problem that i noticed when waiting for the right price is some will FREEZE (fear) as the right price is reached during bad economic times (think 1997/1998 and 2008). Would U have enough conviction to pull the trigger? Remember - when U pull the trigger, still "virgin" in terms of that investment vehicle

Personally, i invest half my $ via periodic programmatic (no fear, no greed) methodology and the other half via value investing (+5% to 10% punting/trading - backside itcy lar ). Reason? I've no crystal balls

Good luck and clear plans on your journey of discovery

This post has been edited by wongmunkeong: Aug 5 2011, 11:58 PM

Yeah Transit - always learning from mistakes. I just wish it was other people's mistakes that i'm learning more from VS my own stupidity

Sifu of hitting my head against the wall bro, and going

IMHO and readings:

Growth Stocks are stocks of companies that are growing at a good clip but are not paying out dividends (or very little) as they are supposedly using all the profits to grow the Co.

Dividend Stocks are stocks of stabilized companies which have grown or are not having growing spurts BUT are shooting out dividends left, right, centre as they do not need the additional cash much to grow as planned.
However, please be aware that if a Company is paying out way over its EPS in dividends, it's not sustainable. Common sense right - if a Co earns $1 per share, it can't pay $1.10 for long until it goes kabloey. It can pay $1.10 for awhile tapping into previous years' unused held profits.

Hope the above helps more than

After all that stupidity (learn from own mistakes), i'm still not seafood leh
The time i am seafood is the time when i'm feeding the fishes with my body.. ie. game over. Before that, permanent L plate suck on my forehead

---

Added on August 9, 2011, 1:06 pmBro - havent U noticed lots of newbies just shoot Q (and very basic Q summore) WITHOUT searching/reading up first & structuring proper Qs?

U have great patience - me, i just ignore until good Q comes heheh. Salute!

This post has been edited by wongmunkeong: Aug 9 2011, 01:06 PM

Er.. whatcha mean by "cash flow yield"?

I mentioned comparing DPS vs EPS of each year to see whether sustainable or not. I'm unsure about "cash flow yield". That's a new method of comparison? Sorry ar, i know what i don't know

Nice idea - U just highlighted a worry using that kinda comparison, it can be debt/loans that's using for cash flow also, not just retained earnings or special one-off asset sales.

Wei.. first the changgih ∛ maths, now the "cash flow yield" heheh. Trying to confuse us or me personally . U arent by any chance related to my ex are U

This post has been edited by wongmunkeong: Aug 9 2011, 01:59 PM

FD is safe? heheh - not from constant inflation (unless there's a deflation)
IMHO, best to have some in FD, Bonds, Equities (at the very least 3 asset classes), preferably including REITs/Properties. Fellow may also want to look at metals/alternatives after building a basic base to spring from.

This post has been edited by wongmunkeong: Aug 11 2011, 10:56 AM

Perhaps the slappers should look into the mirror and ponder whether they can be conned if they weren't that greedy to believe "20%pa returns for sure wan" + take the responsibility for their own mistakes and learn. Else tuition paid yet still "not smart enough" to know a kam sau from a proper investment agent. Right or right? OR it's ALWAYS someone else fault, not their own?

This post has been edited by wongmunkeong: Aug 11 2011, 06:50 PM

Bro - U must be a 1997/1998 and 2008 survivor
Those who've gone through 2 big dips or more will know all the answers are ... it depends...


This post has been edited by wongmunkeong: Aug 23 2011, 12:30 PM

If one is NOT in any DCA or VCA equity investing now:
a. U are stating that it is best to buy / start a DCA / VCA program now coz it's the lowest price for THIS year for CIMB Asset Mgt + Wealth Advisors funds?

b. What if it continues going down another 30% or more?
KLCI today EOD, from it's highest ever, has dropped about 8.15% only.
+2008/01/11 to 2009/03/12: KLCI dropped to 838.39, about 44.71% from its highest point 1,516.22 in 2008
+1997/02/25 to 1998/09/01: KLCI dropped to 262.72, about 80% from its highest point 1,271 in 1997

c. How much DCA or VCA VS the initial lump sum is needed to profit if (b.) happens?
if KLCI recovery took 2 years (like 2008's crisis then this comes along )
if KLCI recovery took 3 years (like 1997/1998 crisis if U discount 2001 tech bubble)
if KLCI recovery took 9 years (like 1997/1998 crisis if U dont discount 2001 tech bubble)

Remember, one's initial lump sum is usually $1,000 or more
VS DCA monthly of only $100pm

Of course if one has infinite / deep pockets and can do $3K pm non-stop for 5 years, near (not 100% too) sure win lar
Thus, U may not want to be so gungho Bro
U may want to let the market settle down a bit from a STEEP down trend before going BANZAI!
Then again, U may have deeeeeeeep pockets and i'm just a worried little chicken

This post has been edited by wongmunkeong: Aug 25 2011, 06:07 PM