That's right,.. oil price issue,..

There is one US REIT listed in the SGX, the first one from the US, and the only one in Asia. NO withholding taxon the dividend payout if you fill-in the W-8BEN Form properly.
It's called Manulife US REIT, stock code : BTOU.

Yes,.. there are quite a number of funds listed in FSM SG that are not available in FSM MY. But, with FSM MY available today, I'm not sure if FSM SG will allow Msians to open accts or not,....

That's the part that is getting harder now,... opening a Savings Acct in Sgp without the proper papers. But Standard Chartered Sgp is still accepting opening of Savings Accts by Msians. Minimum average daily balance must be SGD1000.

Good luck,....

Those ASX, etc funds are actually short cuts towards investing, giving out 6.xx%, which is, in a way,... good for investors who are under-informed and under-knowledged. But with the weakening MYR, and things getting more and more expensive, the returns from these ASX-like funds are not good anymore. IF,... we are earning SGD with these ASX funds, then I'm all for it !!!

Yes, I would agree with this statement, no doubt : It hinders our development as a nation in so many ways.

But a gov't which wants to stay in control is always doing this, right ? Hindering the people's development so that they don't know abt the word outside, and need to depend on the current gov't always,.. that's how a gov't stays in control,..

As Ramjade said, we should look after our lives lar,...who asked us not to venture ??

Yes, I do,.. I opened FSM SG acct a longtime ago,... I think 15 years ago ?? Near to that,... Back then, there was one asset class that I saw opportunities in, in spite of the world's view of this asset class,... My thoughts were always that interest rates had to drop in the world, it just can't sustain at such high levels,... But back then, interest rates were still sky-high in the world,... eg,..for those old-timer Aussies, they would remember that they could always survive on their FD interest rate at, say 7.5%,... when they had proportionate savings in their bank accts..

Not anymore today, bro,... they have to find dividend stocks today.

For myself,...events proved me right today,....To capitalise on my view, I had to open an account at FSM SG. For back then,...in our region, only FSM SG had such funds for me to participate in,...

Subsequently, like they say,.. the rest is history.

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

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

Let me try to help with that,...

When you sell yr holdings, the proceeds will drop into :-

1) your FSM Sgp Cash Account, into the appropriate currency wallet, OR;

2) your designated bank account in Singapore.

If your proceeds are in different currencies from the SGD, then the treatment will be different. Please ask again here if so. Don't wish to congest this thread,..

If you do not have a Sgp bank account, you can issue instructions to FSM to TT the funds to your designated bank account anywhere in the world, but this will incur charges,... it's better to have a simple savings account in Sgp if you wished to invest into FSM Sgp. The moment the funds drop into a savigs acct in Sgp, there are many ways to access those funds in a cheaper and quicker way, from anywhere in the world,...

Edited by adding the word : OR, above,...

This post has been edited by Hansel: Dec 5 2016, 10:44 AM

AIYH,

Correct. In addition, you can also TT into the cash mgmt acct INSIDE FSM SG directly if you wished to,...

To your second qustion,... I think you better check if can use all banks,... when I first opened my accounts in Sgp and started to plough my funds there 10 to 15 years ago, I recalled designated bank accounts are one from UOB, OCBC and DBS, ie their accts.. Now I remembered,... that's why I had to open a Maybank Sgp acct too to facilitate cheaper transfer of funds into SG. Then I would need to internet GIRO the funds over to DBS before placing the Buy Order.

Yes, that was it,... BACK THEN. I'm not sure anymore today,.. if FSM can pull directly from, say Maybank Sgp. Please call and ask them.

Yes to dasecret's statement,... but be very careful if you are going to receive divvies in other currencies besides the SGD. We can talk about that later here.

Phllip accepts.

Bro is an expert !

No need to sell, tell Phillip you need to transfer over from FSM,... Phillip will be very happy to give you forms to fill-up,... then they would do the rest.

But careful,... some funds can't be transferred over,... need to see the funds too, bro,....

Edited by adding :-

Bro, you added more to yr posting.

Okay, to open an acct with POEMS, need to do to their office. Shouldn't be a prb for Msians to open,..........

This post has been edited by Hansel: Dec 5 2016, 03:39 PM

Yes bro,... but I applied like 12 years ago,.. it's a very old account.

Bro,.. just do the comm-of-oath things for them,... or when you are ready to go open an account at Stanchart Sgp later, pop over to their office on the same day. Do all the applications within one day !!

Please go open a Multi Currency Acct (MCA) with DBS. You can bank-in cash into your MCA, at no charge,.. How to open,... look for my Prince's posting in SGX Counters. He managed to open this week.

Hurry-up !!!!!!!!!

Good morning bro Xuzen,...

Basically, for myself, some objectives of moving cash to SG is to park cash overseas so that my cash would not be under the jurisdiction of this Gov't anymore. Another objective would be to be able to invest into more instruments in an international financial centre,.. there are many other reasons, but these two came to my mind as I type this morning,... my mind is watching the Aussie mkt and the ASX closely !!!

I don't really know much abt UTFs in Msia, I must say that first. But if I am to apply the principles of UTFs from SG, and other countries over to the Msian UTFs, then yeah, those UTFs you mentioned would be able to act as proxies to the international mkt. But you will need to pay them 'some charges' for them to act as proxies.

These charges are justified since they 'save' the investor from needing to do a lot of work going to open accts elsewhere, knowing how to use internet to transfer funds here and there, taxations rules, etc, etc,...

But your assets would still be under the jurisdiction of this Gov't. Look what happened to the exporters.

For myself, in SG, since I do stocks and REITs directly, I don't buy their UTFs which invest into the mkt. I don't need that portfolio.

On the other hand, since I do NOT invest into high-yield bonds directly because there will be a lot of risks onto a single issuer, I buy UTFs which invest into high-yield bonds to spread out the risks and to leverage on the expertise of the investment mgrs.

This is my strategy,...

The outlook for the RM is it will become weaker down the road !