er.. my father's (Mr. Wong) no longer around to respond but i think little MK can put in 2cents worth gua (not THE MR WONG investment guru yar) .

IMHO, be it cash or EPF, it's still $, both of which should not be counted on for usage, for at least 5 years.
Thus, whether one manages risk from entry point (DCA, VCA, Trend, etc.) OR exit point (cut loss when hit below a xx%, take profits when abnormally high yy%, Trend, etc) OR both, depends on one's cohesive plans & methodologies.

Kalau tak de plan/goals, how lar - literally "hope" only, cant manage & respond, just re-act only.
Notice why usually good companies have "Strategic 3 to 5 year plans" supported by "Annual Plans" and executed, tracked and managed via "KPIs/Goals"?

Just a thought from a learner bit big L on forehead (imprinted when hitting head on wall during younger and dumber days) - your mileage may vary

This post has been edited by wongmunkeong: Sep 27 2011, 11:56 AM

Similar opinion with U Chartry
IMHO, Europe's still in a bind, a worse bind than US imho as their GDP cannot cover their debts "easily" (comparatively lar) like US
+ too many Kanunas steering EU vs 1 big Kahuna (technically) steering US (sometimes, it's easier and faster to get things solved with 1 person taking charge)

I think when market goes down, it goes down fast. When market goes up, it doesnt go up fast - SOLIDLY.
In my opinion, the past 2 week's crazy run ups are just that - crazy, not solid.

If U check out 2008 itself, U'll notice a short run-up 27/03/2008 (1,254.03 points) to 20/05/2008 (1,287.43 points) before going down to the bottom 09/12/2008 (835.17 points).
That's like 400+points down from the short sprint up

Same thing happened in 1997-1998 crisis, where a short crazy run-up happened during 19/01/1998 (589 points) to 02/04/1998 (700points), then market when to hell until bottoming on 01/09/1998 (262.70 points).
That's like 400+points down too from the short sprint up.
Weird coincidence

This post has been edited by wongmunkeong: Oct 15 2011, 08:46 AM

PB, thus PM, very old-skool lar. I also beh tahan until i joined "the darkside" in order to save cost for me & mine

Heheh - well bro, i'm so adverse to charges i usually eat at places WITHOUT service tax and service charges. Heck, i bring my own food for work lunch and cook for dinner .

Thus, even as an "Agent", i feel the pain of "losing" about 2.75%+ (my 2.75% i get back kena tax mar ) every time i do cash investment and 1.3%+ every time i do EPF investment

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Added on November 22, 2011, 10:01 pmYeah and now PM actually filtering agents, using the $30K equity fund sales pa quota. Eek!

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Added on November 22, 2011, 10:02 pmYup yup - sore lor... but so far, PM has "better than average" equity and bond funds which cycle / switch around for cost effective profit taking and re-pumping back to equities via value averaging or lump sum value buy. Thus... until i find an intra-fund house that has such, hard to move due to my personal approach.

This post has been edited by wongmunkeong: Nov 22 2011, 10:51 PM

So far no other fund houses I've glanced at has a "better than average" mix of equity and bond funds that fits my asset allocation requirements. Perhaps I need to dig deeper .
Please note that I'm not saying PM's funds are best of the best yar - they've dogs too but they also have better than average equity funds & bond funds.

Yup yup - i think they should have some kind of "options" like:
a. Managed: Here's where the Agent adds value lar and they get paid their SCs + their annual "career benefit" based on the amount held by their customers with that Agent

b. Self-managed: Here = DIY and thus service charges AND annual mgt fees shd be rock bottom like FundSupermart's OR better, due to sheer size of PM (economies of scale for systems and stuff) & Mutual Gold <koff><koff>

end of 2 cents idea - pardon me if any toes are stubbed

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Added on November 23, 2011, 11:19 amBro - that's the reason lar. Kanaga got super equity fund tapi their bond fund.. erm.. Thus, for me to switch to/fro equity/bond VS to redeem/buy-in again later - painful cost lar long run.

This post has been edited by wongmunkeong: Nov 23 2011, 11:19 AM

For those who wants to know where KLSE stands in terms of 52week High / Low VS rest of the world's market:
http://markets.on.nytimes.com/research/mar...orldmarkets.asp
1. Go pass the "map" to the International Stock Markets
2. click on "Asia / Pacific" tab
3. See KLSE? it's still around the mid-point of 52 week's high / low
Checkout the rest of the world - other anomalies are Mexico & Saudi Arabia, also about mid-point like KLSE

The invisible hand of EPF, Khazanah and etc for MY? and for Saudi = Oily hand?, Mexico - no idea?

er.. of course yield & dividend arent the same thing, like Hot Vs coffee
eg. yield can be rental yield, dividend yield, crop yield, etc.
yield/yēld/
Verb:
Produce or provide (a natural, agricultural, or industrial product).
Noun:
The full amount of an agricultural or industrial product: "the milk yield was poor".

VS
eg dividend can be stocks' dividend
div·i·dend/ˈdiviˌdend/
Noun:
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
A payment divided among a number of people, e.g., members of a cooperative or creditors of an insolvent estate.
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Your personal GROSS dividend yield (DY%) for a REIT or stock would be:
dividend before tax / cost paid

Your personal NET dividend yield (DY%) for a REIT or stock would be:
(dividend less tax) / cost paid

Most of the time the data U see on a stock screener is the gross annual DY%
ie. 1 year's dividend / current market price (or was it yesterday's closing price - someone throw me a lifeline here pls )

This post has been edited by wongmunkeong: Nov 24 2011, 04:50 PM

er.. your Q and your EG does not jive

Q = PublicMutal (PM) in FSM (which doesnt exist as per bro cheahcw2003's feedback)
EG = Kenanga & Am, none of it's PM's funds

ah.. it's been deciphered. Danke bro Irresistible.
Pardon moi sis Moon Yuen.

From my inquiries, yes FSM does something similar to PM's "loaded only once" but it gets a bit grey when the SWITCHING is INTER-FUND houses eg. KENANGA to AM.

INTRA-Fund house's funds is straight forward eg. PRU Equity Funds to/from PRU Bond funds

Technically, i would even say better to plan out the customer's Asset Allocation based on their needs (eg. retirement by... $xM needed based on living expenses $YYK pa VS risk appetite) thus customer has something solid - either the NEEDED AA and execution plan OR one based on their risk appetite. Now THAT would be professional - unfortunately client may not be THAT professional too - ie. clients that want "as fast as possible, as much as possible".

This post has been edited by wongmunkeong: Dec 5 2011, 04:38 PM

Brother - know thyself and what U want

Want to go fast and dangerous OR yawn.. and can zzz on it OR maybe even 50% / 50%?
Different vehicles for different needs/usage. Dont use a Ferrari as a Van/people-mover and vice-versa, else crash and burn

BTW, even if U track / look at it by the minute, it doesnt mean you'll have better chance of making a profit - there's a point of "reducing returns" and max active management can help increase profit/reduce losses

Just a thought

This post has been edited by wongmunkeong: Dec 7 2011, 07:34 PM

FD "safe" up to $250K per depositor per member bank (http://www.pidm.gov.my/About-Deposit-Insurance/Frequently-Asked-Questions-(FAQs).aspx)
Q: What is the deposit insurance limit?
A: Your eligible deposits are protected up to RM250,000 per depositor per member bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return.
BUT
FD also "unsafe" from inflation

This post has been edited by wongmunkeong: Dec 9 2011, 03:56 PM

Nothing concrete but i guess the fund just issued dividends, thus NAV dropped? U are right that money market funds usually doesnt drop 2.6% in one day (unless something major happened to fiat $)

Bro, no one can tell U or verify the future (70% in 14 years).

What lunchtime is pointing out, i think (pls correct me if i'm mistaken ), is the fact that a simple average 5% ( 70%/14yrs not compounded summore) returns a year, isnt a big deal. Most bond funds' long term average is 4%pa to 6%pa COMPOUNDED (CAGR) - without the risk & psychological pains of fluctuation of an Equity Fund.

This post has been edited by wongmunkeong: Jan 11 2012, 09:58 AM

JeffryYap - if i may suggest, pls do some reading/learning of the underlying assets of mutual funds / unit trusts. Else, U are as good as gambling or investing via hope.

Another thing, try to understand how these "advisers" / consultants make their living and U'll be able to smell most BS a mile away

This post has been edited by wongmunkeong: Jan 11 2012, 10:55 AM

Dude, google & wiki are your best friends
spoonfed 1st result from google: http://en.wikipedia.org/wiki/Mutual_fund

er.. JeffreyYap, may i suggest again, to learn first instead of jumping in blind?
Go google Asset Allocation - then google each class of assets and go from there into investment methodologies.

U are like "i want to shoot something, NOW. dont care whether i'll hit it OR not, or whether worth hitting also dont care" - after all the feedback, U still seem fixated on PCSF. Perhaps U do have a crystal ball or crystal balls

Then again who knows, lady luck may be on your side and U win big. Hopefully.. oops.. investing on hopes again..

This post has been edited by wongmunkeong: Jan 11 2012, 09:45 PM

LunchTime, in my humble opinion it takes 2 hands to clap leh.
Like them black $ and email cons/scam. It's so obvious yet so many fall for them - greed, laziness, and hope results in the unshakable lure, like moths to flame. Sigh.. we've got a good case study here in the flesh - no one can help a person determined to get rich (properly OR un-properly, like the black $ scams)

I'd understand if it was part, a small part, of a bigger Asset Allocation, for exposure to China but our fellow forumer doesnt even know what are the underlying assets of mutual funds. Oh well, we may have another great Contrarian investor or self-styled Value Investor in the making... crystal balls aplenty gua.

This post has been edited by wongmunkeong: Jan 11 2012, 10:36 PM

Mathematically, lump sum would be best if "fund is performing afterwards". DDI just helps diversify over time (vs Asset Classes or sub-classes)