If you are looking for UT's which are suitable for you, suggest that you need to know about your risk tolerance first. There are many site which does a free risk profiling for you with questionnaires. Although this is somewhat inaccurate, at least you know where you stand.
After you are sure of your risk profile, then you can plan your holdings, ie. percentage of each fund/sector that you want to hold. Diversification is recommended so you do not lose everything if a fund tanks, especially a high risk funds.For me I am concentrated in Malaysia, Asia Pac ex Japan, a little europe and US with a sum in pure China & commodities. Bond and cash funds provide stability in my holdings.
To gauge which funds have relatively good performance, you may refer to charts available online at lipper or morningstar. For me i do not chase the best performer, rather those with consistent earnings and lose the LEAST during a recession. Preservation of capital is important for me. Read the fund fact sheet and annual reports. Be wary of high initial and annual fees.
For me, unfortunately i do not use DCA, i buy on weakness and sell on strength. DCA will get you on average performance, which if it is suitable for you, then go for it. Switching in UT is an important strategy, however you need to use it sparingly since there are massive charges involved (ie. pay a lot of initial charge). You may switch to rebalanced your portfolio, ie. sell those with high profit and move them to the least profit or to lower/increase your exposure to risks. I am now actively re balancing most of my equity portfolio to bonds on market out performance.
Don't just monitor NAV, you must also include the dividends you receive in calculating profits. You can check the nav at each respective UT site.
By:Gark
For more info: http://forum.lowyat.net/topic/1299169/+60
