Market update – BURSA downgraded by Goldman Sachs Wednesday, Jun 4 2008 

June 4 2008 – The Star reported that BURSA, the Malaysian stock exchange suffered a downgrade from Goldman Sachs & Co, which named Malaysian stocks least favoured in South-East Asia on concerns over political volatility. GS was quoted as saying “the premium market valuation that Malaysia enjoyed relative to most of its Asean peers had political stability as one of its pillars – this is now in question”.

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Welcome to Bangsar South Saturday, May 24 2008 

From Malaysia Property Online: “UOA sets to Remake Kampung Kerinchi”

UOA Holdings Sdn Bhd hopes to turn the old Kampung Kerinchi area into one of the Klang Valley’s most sought after addresses with its latest integrated-city development, Bangsar South. The property developer is a subsidiary of Australia Stock Exchange-listed UOA Ltd, which is also the controlling shareholder of UOA Real Estate Investment Trust (UOA REIT).

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Best Performing Funds as of 29 February 2008 – Equities 2/2 Friday, May 2 2008 

This is 2nd part of the post Best Performing Funds as of 29 February 2008 – Equities. Click here to read part 1, which gives an overview of the topic and also my general observations about equity fund investments.

I know why it took me so long to post thie best performing fund review since my last one in 2006 (more…)

Best Performing Funds as of 29 February 2008 – Equities 1/2 Monday, Apr 28 2008 

Introduction

It has been a while since I’ve posted something about the top performing funds available in the Malaysian market. So I took a quick peek at the latest issue of Personal Money and found my way to the Lipper Tables which list the funds with the best results as of 29 February 2008. Since there are hundreds of funds in Malaysia, I’ve decided to just pick out the Top 12% (arbitrary % decided by me ) ) of funds in their asset class as follows:

  1. Bonds
  2. Equities
  3. Mixed Assets
  4. Guaranteed Returns
  5. Investment-linked Insurance

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Best Performing Funds as of 29 February 2008 – Bonds Wednesday, Apr 23 2008 

Introduction

It has been a while since I’ve posted something about the top performing funds available in the Malaysian market. So I took a quick peek at the latest issue of Personal Money and found my way to the Lipper Tables which list the funds with the best results as of 29 February 2008. Since there are hundreds of funds in Malaysia, I’ve decided to just pick out the Top 12% (arbitrary % decided by me :) ) of funds in their asset class as follows:

 

  1. Bonds
  2. Equities
  3. Mixed Assets
  4. Guaranteed Returns
  5. Investment-linked Insurance

It’s important to note that this list is for your information only, and of course does not represent a recommendation to purchase. Note also that the usual caveats apply, for perfomance tables i.e. that past performance is no indicator of future performance. Some of the top funds of 6 months ago are languishing close to the bottom of their asset class….so beware when picking funds just based on their past returns. In your fund-selection decision, you should consider not just returns but also other performance indicators, such as:

  • consistency of the fund’s returns
  • the rate of risk or volatility (i.e. some top performing funds have a high volatility rate, which means when you could just as easily fluctuate to a loss position)
  • the risk-adjusted rate of return, in essence a combination of the two preceding items
  • capital preservation ratio – a measurement of the fund’s historical loss avoidance relative to other funds
  • track record of the fund manager
  • sales charges and annual management fees

Mutual funds are a mid to long-term investment vehicle so be prepared to hold your investment for at least 3-5 years before selling out or switching to other funds. Sales charges typically range from 5%-6% for equity funds and 1-2% for bond funds. You will usually also incur admin charges for switching between funds (around RM25). Because of these charges, I’m generally not an advocate of buying mutual funds for the short-term, or for investors to pursue a trading strategy for mutual funds i.e. buy and sell with the aim of making quick gains.

The funds range from conservative to medium to aggressive or high risk so understanding the nature of the funds that you are buying into goes a long way towards helping you in your decisions to buy, hold or sell during uncertain times.

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Live simply. Meditate. Consume less. Think more. Sunday, Apr 20 2008 

 

 Words to live by as we approach Earth Day 2008 on Tuesday, April 22.  And this just happens to be No. 51 on Time.com’s list of 51 things you can do to conserve the environment. (see The Global Warming Survival Guide). To paraphrase no. 51:

“Live simply. Meditate. Consume less. Think more. Get to know your neighbors. Borrow when you need to and lend when asked. E.F. Schumacher praised that philosophy this way in Small Is Beautiful: “Amazingly small means leading to extraordinarily satisfying results.””

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Sales charge on mutual fund investments using EPF capped at 3% Sunday, Mar 2 2008 

Lit Angels at Coleman BKK 

What can I say……what a goooood moooove by the EPF! This means that we investors who decide to withdraw from Account 1 of our EPF to invest in mutual funds now pay only a sales charge of 3% compared to the previous rate of approx. 6%. This takes effect on 1 Jan 2008.

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Penny-pinching and notes to becoming a Tight-wad! Saturday, Mar 1 2008 

Street Seller in BKK

I have a new tenant moving into my condo this coming April, and as usual the agent gave me a list of TO DO’s to get the place in a satisfactory state for the Japanese family. One of the things on the list was to clean the stains on the ceramic tiles in the living room. Sounds easy enough….NOT!

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Can you do this? A 2008 Challenge Monday, Jan 7 2008 

Happy New Year, have you written down your New Year’s resolutions yet? I’m in the midst of doing mine. Well, I roughly know what will go on the list already but to “keep it real”, I need to put it all onto paper and make a PLAN! Yes yes, worklife (oops I mean work-life … you see, I can’t even split the 2 words up) balance is definitely up there.

As you know, TOHTMYM is generally about managing your money….and so far I’ve been blabbing on about investments and the options available. But I have many friends who moan to me all the time about how they cannot invest because they’re clearing off debt, or how they cannot save on their meagre salaries!!! These are folks in their early to mid thirties. My friend Nance got caught in the debt trap because she said they lived a paltry existence, up until her first credit card was approved! Then, BOOM! all hell broke loose

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Season’s greetings Friday, Dec 28 2007 

dearest mywealthplanner readers 

may 2008 bring u an abundance of cool music, laughter, good food and great company :)

warmest wishes

emily

ps. enjoy this video snippet of the xmas marionette show I captured from a shop window in Paris

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