Dumped ~20K into MAPS Balanced for about few weeks now and so far I've been taking a hit of -0.15% due to Fidelity EmEur MidEast and Africa A USD is really doing quite bad. Rest of the funds are either increasing in value or remained almost the same but this one really dropped a lot (granted its Risk 9)

This post has been edited by Steven7: Mar 10 2017, 12:56 PM

What is MAPS doing with MidEast and Africa

I seriously don't know, its on FSM recommended fund some more...But they only allocated 5% for that though, out of 20 funds that they subscribed for my MAPS Balanced (Growth)

Wah, you so gung-ho, SGD20k lumpsum. Anyway it's early days, give it a bit of time to grow
Next time; consider doing RSP instead; Maybe for 20k you can do SGD5k every month for 4 months; if helps even out the investment cost. ROI on my MAPS is 3% at the moment. Couldn't figure out a way to do IRR yet since it's a basket of fund instead of just purchase of 1 fund everytime I RSP

MAPS is "VERY" diversified; it buys into 20 funds for you in 1 portfolio
We will see whether it plays out well or not la

Well one thing xuzen taught me, never play pokemon
I think I trust Smartly better.

This post has been edited by Ramjade: Mar 10 2017, 01:41 PM

But Smartly haven't launch; probably still waiting for approval from MAS. I would consider moving some of my FSM SG funds over to Smartly when it eventually launch because it buys ETFs instead of funds; so the absolute fees will be lower

Well in fact I will still be doing RSP.....might as well just dump ~20k in first. What is this Smartly tho? Why is it getting so much attention even though it didn't launch yet.

The first robo advisory in this region
https://www.smartly.sg/

Only know about them because the founder went on BFM

Well I did read some news on them but I mean..what credibility does it have? What is its USP compared to say, FSM MAPS? A fee of 1% for <10k looks kinda steep for me.

U should read up about robo advisors and ETFs in the US

MAPS buys mainly into unit trust funds which means you pays management fees on those funds; easily 1.5% and above
Whereas Smartly will buy into ETFs which charges much lower fees; so you may pay 0.7% (compare to your investment in MAPS), but you don't pay that 1.5 and above management fees on UT

Credibility - this one I can't answer lor; unfortunately the big boys in the US don't set up shop in this region so if you want robo advisor they will be the first

Yeah I know about the abundance of robo advisors at US as I saw great reviews on them even on Quora, back then I was hoping they would set up shop here but they didn't.

I thought you mentioned MAPS bought funds, stocks ETFs?
(i) But say a fund managed to beat the index, and as we know all the management fees is already included in the NAV, shouldn't the fund be a better choice since a ETF is suppose to replicate the index movement ? Beating index = beating the ETF even with all fees accounted. No?

(ii) say it buy a US ETF, should you be charged 30% withholding tax by US govt for the ETF?

Well it's like MAPS except it's developed by white people. I have more faith with white people

Found it out through EDGE MY. Saw that they want to enter MY too with UT. Things will heat up for FSM MY

AIYH, I contacted Phillip. It would seems they forget to update their website regarding the zero switching fees. And yes, Even though the fund is in EUR, you can pay using SGD.

This post has been edited by Ramjade: Mar 10 2017, 04:00 PM

Out of the 20 funds; only 1 is ETF; 10% allocation. So still mainly UT for MAPS

Well, I don't think you can get funds that beat the index for all markets. And with pokemon style investing that MAPS employs, I think chances are a reasonably good robo advisor would beat MAPS; but that's my gut feel only la, at the moment MAPS beat my own FSM SG UT portfolio; so I stick to MAPS lor



Why u so blindly believe in mat salleh one... it's because of asians like you that they feel superior living in Asia

Have to look deep and hard.

Because from what I have seen and experience, mat salleh are usually the first to create/pioneer and redefine it. Then asians just copy it. However their copying not good enough yet. Good example, xioami, huawei, oppo, grab, samsung (when it first started).

Of course there are exceptions. I respect the Japanese, Koreans as I believed they are on par/better than mat sallehs. Eg Panasoonic (the only electronic brand I buy and they last for years, Qihoo360, eneloop batteries)

Call me skeptical but I will give it some time before even starting say, a 500SGD RSP with them. BTW there is a FSM MAPS seminar coming, anyone going? I think there will be free dinner yo

dasecret I don't understand something about MAPS, for the sake of the question lets assume I bought 20K in MAPS, when I login its showing negative Profit but the "Current Value" is higher than 20K. Do you know why is that?

EDIT: I don't see any dividends/income distribution on my account BTW. But to be fair, I invested another 5K onto the same MAPS but its still on processing is the increased "valuation" come from this 5k?

This post has been edited by Steven7: Mar 10 2017, 06:02 PM

Not based in Singapore, won't be able to join dinner. Pls share what was presented

I'm not 100% sure because I've not done a recomputation; but I think you should look at the profit/loss. The current value is before deducting management fee of 0.5% while the profit/loss already took that into consideration

But I might be wrong. Best to check with live help and share here

Yeah sure I RSVP'ed and heard there is going to be dinner

I seriously don't understand, the current value is ~10% more than what I bought but its posting a 0.15% loss. Anyway, coming from a software engineering background, the FSMOne site is buggy as hell. They messed up my account back then and I have to go to their office to resolve some issue with my password.

Edit: I was hesitant to ask live help as secretly I was hoping its an accounting error, granting me an extra ~10% return in mere ~2 weeks

This post has been edited by Steven7: Mar 11 2017, 10:14 PM

That's terrible and unacceptable

I too feel the FSM One site is not as stable as the old plateform. Hope they fix it soon.

10% more than investment cost doesn't seem likely considering you just had it for <1 month; most likely a glitch. Well, u can try to "realise" it by selling off everything and buy in again There's no lock in or transaction cost anyway

Most likely by then they would realise the mistake

Yeah I know its not likely as its too good to be true. Well yeah I don't want the hassle of trying to selling them off, then didn't get the "glitched" amount, then I have to purchase them all over again. Well I will just leave it probably.

BTW where do I see my dividends payout, if any?