From Investopedia : Are High-Yield Bonds Too Risky?

You should care more about the default risk for high yield bond, because those companies with low credit rating are the ones that provide the high bond yield to attract capital investment to compensate their higher risk of default

This post has been edited by AIYH: Feb 14 2017, 09:50 AM

eheh apa ni, I am only the same age as you

fresh no experience

Probably that is the price you pay for having a more sleek and ease to use interface i suppose

As far as I understand (only have fsm sg available to view at the moment, still waiting for poems sg ), fsm sg is far more convenient in RSP as one can just transfer money into cash account and every month deduct money directly from there, easy instruction, unlike Giro which you need to set up and wait for bank approval

Plus fsm sg has a lot of feature for use compared to poems sg

But fsm sg to have heavy platform fee (although they say will reduce, still doesnt beat no fee in poems sg )

Depending on your portfolio construction, how much money you have for investment and how are you going to invest.

You might want to start to plan one before attempting to find the funds

for US/global exposure, you may consider fidelity america (diversified) or fidelity global tech (technology only)

they also have some good asia pac small cap (like HGIF asia pac small cap) and also some good europe and japan fund, I have not much research on that, but once you do, do share with us

for bond fund, united asian high yield fund offer decent return for its risk

I am planning to shift my global/us exposure to SG mutual funds and continue dca, so I cant afford to DCA both funds (unless i earning steady bucks from increased salary/stocks/forex )

True that, but hy bond have significantly higher yield than normal bond that is worth the risk given that it is not so fluctuate, more over esther bond is hedged, meaning that if my depreciate, esther fund doesnt help in boosting its value unlike funds with forex risk.

My opinion is that, if you think myr will depreciate, hold foreign currency funds to gain more myr, if you believe otherwise, holding myr fund or myr hedged fund will protect its value from decreasing in the event that myr appreciate

Then better stick back fsm my ponzi 2 ba

Is that suppose to be a compliment or sarcasm?

Yes, in fact it feels like you buy UT like you buy stocks

I can't buy anything yet it seems, need call to activate account

Had you considered this before?

HSBC Global Investment Funds – Asia ex Japan Equity Smaller Companies

Can share the data?

Lazy to dig out as limited internet here

seems like fsm now offers FAST transfer from bank account dy

more over, given that fidelity global tech performs better than fidelity america and judging that tech will continue to boom in the future, not to mention that only fsm allows sgd 100 top up (vs poems and DD top up at eur 500 and sgd 500 respectively)

guess i will choose fsm instead of poems, need to play platform fee, but at least it suits the convenience of monthly small top up

is global tech a better choice vs diversified america? any idea about this? (I can only afford to choose one fund as I plan to do monthly topup and can't afford to top up both fund at the same time, unless my salary package increase )

This post has been edited by AIYH: Mar 9 2017, 08:38 PM

actually in this case both as beat S&P 500 (although both fund lose to sp500 in terms of 3 years RRR), but still, the return in global tech far exceed its volatility compared to america

i use this fund as my us proxy allocation, even so, does purely in tech justify sacrificing the diversified sector in fidelity america? struggling a bit in this

Last time i consolidate my aladdin, titan, ta europe and ta global all into ta global, now it become 28% of my portfolio

after top up this month, once my cimb fast saver ready to log in, then i will transfer them to SG (either global tech or america)

DD do offer RSP, but unlike FSM, both poems and DD must use GIRO to RSP, and not sure about DD since they didnt provide much info but poems, you can only GIRO with DBS or POSB and need physical form and approval time about 1 month (similar to Direct Debit Authorization in Malaysia), very troublesome for me as I only have maybank and cimb

Even though poems' fidet america offer low top up, since global tech outperform america, if i opt for global tech, then become top up eur 500

Poems offered both GIRO and EPS

but still doesnt change the fact that poems only allow minimum top up of eur 500 (not sgd 500) for fidelity global tech, expensive to do top up

Tentatively, I will put both united hy and fidelity global to fsm, so that every month, i can switch sell from united hy to fidelity global (poems have switching fee of 0.5%)

If I have large enough paycheck to overcome poems minimum top up, then only i switch these

I only have these 2 funds in sg, other than that still in msia unless my paycheck increase

That will not be much of a concern as i treat united hy as my fd, will normally be in bulk, if got lower of course is a plus but not a major concern

To prevent exchange fluctuation, I will put some money in there for my monthly ammo for fidelity ammo instead of every month TT MYR to SGD (who knows what will happen later when MYR continue depreciate) while maximizing that idle fund

What makes me choose fsm over poems for this is that in poems, if you switch to another fund, you will be charge 0.5% for every switch, while fsm dont charge this

Although minor, agree with you that fsm interface is much more smooth compared to poems

btw, whats poems equivalent to fsm maps? cant find in their website

This post has been edited by AIYH: Mar 9 2017, 10:16 PM

You mean your return fluctuates around 1.95%? chill la, this is still a bond fund, not stock trading where it can go up few % within a day



How does 0.5% switching charge works?
Below is a table that illustrates the type of switches you can perform and its charges.

Switching Category Switching Charge

Same Fund House/ Same Group 0.50%

Different Fund House /Different Group 0.50%

Switch out from Money Market Fund Prevailing Sales Charge of Switch in fund



With the management fee, seems like smart and maps will be exactly the same dy it comes down to personal preference dy

This one u need to ask dasecret since she used the service, from what i understand it dont, so it will be the same for both platforms

You mean poems?

Yes, it can rise after ex dividend date

But it doesn't change the fact that the divvies are from the NAV itself, means when dividend/distribution declare, NAV/share price will drop.

In essence, the dividend itself are not extra money from the company, rather, it is a rebalance of nav/share price, your value in the stock/share will not change pre and post dividend.

So a fund which declare 6% yearly dividend is not better than a fund which do not declare dividend.

Some people use dividend as a factor to determine a share/fund strength instead of their fundamental.

One should focus on the fundamental instead of the dividend because dividend distribution alone doesn't affect your holding value at all

p/s: this does mean the monthly dividend fund is not good. The fund is good because of its fundamental, not the dividend.

This post has been edited by AIYH: Mar 15 2017, 10:52 AM

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

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

I mean the faq is from 8 securities