Can this trick work with Standard Chartered SG or it's only for DBS/OCBC/UOB?

Hansel You mentioned you are looking at HY USA bonds back in Dec 2015. Did you buy any? Care to share?

This post has been edited by Ramjade: Nov 14 2016, 08:56 AM

Yes,.. bought and holding. But if US int rates are expected to rise, HY bond prices may drop,... so wait awhile and observe first,....

Haven't even open account. Just want to ask if I want to use that trick, better to go with Standard Chartered or DBS?

Bro,... go open acct with Phillip Capital, not FSM. Phillip Capital has no platform fees,....

I was looking at dolardex but service charge is 1%. FSM only 0.35% but since the ninja trick is there, might as well use FSM SG since their service charge is low.



This post has been edited by Ramjade: Nov 14 2016, 12:01 PM

U mean i buy fsm bond fund then keep for some time.

When do i need to transfer to bank? How to initiate this ? By selling ?

I have no idea. That's why I want more info regarding this. This applies for equities (FSM SG have platform fees for equities charged every quarter.

This post has been edited by Ramjade: Nov 14 2016, 01:39 PM

So the ninja trick is to buy via FSM then transfer to those platform w/o platform fees.

Been with FSM SG for two years only realize how expensive their platform fee is. :swt:

Hansel said use poems.

Assuming AUM < $200k.

POEMS sales charge = 0.75%.
DollarDex sales charge = 1.00%.
FSM SG sales charge = 0.35% + perpetual 0.5% p.a platform fee.

From above yes it makes sense to use POEMS as our core platform.
However there's no denying that FSM's interface trumps the other two.

FSM SG feels like a 2016 site.
Dollar Dex feels like a 2013 site.
POEMS? I feel like I'm looking at at 24-hr built mlm site.

But who cares.
Use FSM for charting/reading/resource then buy in POEMS.

Too bad there are no good ETFs for Asia/Pacific region compared to UTs.
Else I would have gone 100% ETF.

That's what I am going to do. Use FSM charts, fund info to determine what to buy from POEMS.

This post has been edited by Ramjade: Nov 19 2016, 10:01 PM

If everyone do this later FSM tutup kedai.

Btw mind sharing your holdings for Asia/AsiaPac region?

For me:
- HGIF Asia Ex-Jap Eq Sm Cos SGD AD
- First State Dividend Advantage
- Schroder Asian Growth Fund

in 50% - 25% - 25% allocation. (for Asia/Pac region)

This post has been edited by V-Zero: Nov 19 2016, 10:10 PM

I don't have a SG SA account yet. Hence I don't have any UT from SG. However since it's in the plan, I will share my allocation.

- HGIF ASIA EX-JAP EQ SM COS SGD AD 12.5%
- UNITED ASIAN HY BOND DIST SGD 12.5%
- UNITED ASIA PAC RE EST INC FD ACC SGD (REITS) 12.5%
- FIRST STATE REGIONAL INDIA FUND 12.5%

I am making AP and US to be 50% each.

Cool.
50:50 Asia/US for me too.

US: MGK, VDC, IHI, IHF + Fidelity Global Technology A EUR <- keeping it as it is outperforming my next-in-list, VGT.
Asia: Rojak funds.

This thread seems really quiet compared to the bolehland version.
Let's keep it alive.

This post has been edited by V-Zero: Nov 19 2016, 10:18 PM

My growth fund will be
FIRST STATE REGIONAL INDIA FUND 12.5%
FIDELITY GLOBAL TECHNOLOGY A EUR 12.5%

In the event if I cannot open account, I will use POEMS money market fund. I am not going to invest anymore in FSM malaysia as it charges 2% SC compare to POEMS at 0.7%

This post has been edited by Ramjade: Nov 19 2016, 10:22 PM

What is poems ?

https://www.poems.com.sg/unittrust/

Very interesting.. will study this tmrw esp on d etf. Got to see d commission etc. Thanks alot buddy

For bond funds, which one in your mind?

I think the ETF better go with foreign broker. United Asian HY Bond fund. Use FSM SG to get fund info, buy from POEMS. To make sure you are buying the right one, compare both NAV. That way you won't end up buying the wrong fund.

In FSM singapore, I didn't see the option of buy and sell via singapore saving accounts, only from internet bill payment from selected singapore banks?

Means there is no FPX or GIRO service to buy sell funds like in FSM malaysia?