Thanks for the inputs! Looks like I'll be proceeding with FSM HK. I'm in a lucky situation where I have employment (STA) here so I do have valid HK account and IC so guess that'll help.

From their FAQ:

Can I open an account from overseas?
Last updated 9 months ago

Yes. We have customers from around the world. After you complete your application with the supporting documents please make sure it is signed and witnessed. Qualified witnesses include a bank branch manager, lawyer, public accountant, justice of the peace or a notary public. You can fund your account by international transfer. We do not accept applications from US persons as defined by the United States Internal Revenue Service. For more information, please visit www.irs.gov

Both poems and fsm don't allow me to start RSP without initial investment

Both poems and fsm RSP can only do via bank acc DDA and their government retirement fund scheme (not like FSM MY where you can RSP via CMF)

I have the initial capital from FSM MY US part which is enough for either platform initial investment.

However, I can only choose FSM over its top up value of SGD 100 vs poems EUR 500

Stuck with platform fee, but oh well

I mean the faq is from 8 securities

Only MAPS can RSP via cash account, normal UT still require DDA

Somehow feel like MY platform is more flexible compared to SG

FSM My, u can start ur investment by RSP into a fund with Just RSP amount, so like u can start investing in ponzi 1 via RSP with just 100 instead of 1000

Fsm my has the convenient to RSP from CMF

But, for FSM SG, poems and DD, all required u to go for DDA/Giro, which is hard and tedious to initiate and change

Rsp from cash account in FSM SG is only available for maps, for other UT, if donr go for DDA RSP, u will need to shell out SGD 1000 initial investment for each fund

That's why I am only able to afford to transfer global tech

I feel the same way actually. That's why I'm a lot less active in FSM SG... it's expensive ler. And the exchange rate to SGD 

U mistaken me with someone else. I wish I'm earning SGD

Anyway, I haven't been actively changing SGD in the past 2 years. The money I have in SGD was from redeeming ASx funds. My last large batch of exchange was done at 2.84 

That High Yield Bond Fund which I invested in has become a very low yield bond fund. So I have decided to switch out of it. 

I invested in the FSM MY United Asia HY Bond Fund. It is not moving up and in fact, it is going negative ! LOL.

Which fund was it, bro ?

The mother fund also bleeding for 3 months. Actually since about 6 months ago FSM has discouraged buying into Corp
Oh, they also discourage buying into Reits since last month or so

What is Manulife AP REITs, bro ?

LOL!!! 

What would do if I tell you the UTFs at FSM SG is not as good as FSM MY?

"Wears a flame retardant suits and runs away!"

Xuzen

Then I'll ask 1 question

Have you removed the forex gains from MY funds?

Or, add forex gains to the USD or SGD denominated funds in FSM SG

It's not so easy to compare due to forex factor

Yes,... bro Ram has a strong point there.

I've opened an acct in FSM SG LONG BEFORE they set up shop in Msia. My experience has been with the SGD all along.

One thing I noticed is with the SGD being strong always, whatever dividend that I earn, when converted into the SGD is always 'lesser relatively',... I noticed during times when the SGD is weaker, then only will I get more SGD divvy.

Hence, I supposed if we invest using the RMin FSM MY, we will GET MORE RMs when the RM depreciates.

Wait a minute,.. does the base currency get converted directly into the RM, OR does it gt converted into the SGD first, then only into the RM< since FSM is SG-based ?

To make a long story short, if you buy in SG with an SG Account, you are earning the SGD. If you buy in AU, with an acct in AU, you are earning the AUD. Hence, things depend on which currency you wish TO EARN.

More or less amt from the proceeds should not matter,... After all, we will still need to convert to any currency that we wish to use later on. It may not necessarily be the MYR that we will convert into.

What if you need to use AUD later ?

Good day to you good sister,

I will attempt to answer you question objectively. I shall use two example for argument sake that is TA GTF and RHB AIF. From friend Ramjade's words, TA GTF is the daughter of Henderson Global Tech fund denominated in SGD, whereas RHB AIF is the daughter fund of Schroder Asia Income fund also denominated in SGD.

Lets take RHB AIF.

Three years ago on 31/3/2014: SGD 1,000.00 = MYR 2,595.23

Today rate as of 31/3/2017: SGD 1,000.00 = MYR 3,167.04

RHB AIF 3 years annulized return is 12.66% p.a.

Schroder AIF 3 years annulized return is 5.00% p.a.

Lets say you participate SGD 1,000.00 into SAIF 3 years ago, today value shall be SGD 1,157.63, convert it to MYR as of today rate = SGD 1,157.63 x 3.16704 = MYR 3,666.24

Lets say you participate MYR 2,595.23 into RHB AIF 3 years ago, today value shall be MYR 3,710.95

RHB AIF wins motherfund.

=============================================

Lets take TA GTF

Three years ago on 31/3/2014: SGD 1,000.00 = MYR 2,595.23

Today rate as of 31/3/2017: SGD 1,000.00 = MYR 3,167.04

TA GTF 3 years annualized return is 18.78% p.a.

Henderson GTF 3 years annualized return is 13.28% p.a.

Lets say you participate SGD 1,000.00 into  HGTF 3 years ago, today value shall be SGD 1,453.65, convert it to MYR as of today rate = SGD 1,453.65 x 3.16704 = MYR 4,603.77

Lets say you participate MYR 2,595.23 into TA GTF 3 years ago, today value shall be MYR 4,349.16

TA GTF loses to mother fund.

=============================================

What is the takeaway message here?

Forex is too unpredictable. Some daughter fund wins mother fund, other loses to mother fund.

The final say is that there is no room for generalization.

My personal take is, investing is already a risky business, hence do take in more unnecessary risky. For example, if you are not a resident of S'pore, it makes no sense to buy an asset that is denominated in SGD because you are introducing another element of risk aka unpredictability into the equation.

Xuzen

U not tempted with the 0% SC 0% platform fee meh 

There are more choices in SG, be it platforms or funds; but sometimes too many choices make it confusing also la