Correct

And one slight difference is you can elect for distribution to be banked in to your account instead of reinvesting to existing holding as well

I've not tried it but you should be able to just transfer the amount from your bank account into theirs. Please try and feedback on this thread

https://secure.fundsupermart.com/main/faq/faq.svdo?id=2409
FAQ 15
For Cash investments, you can do wire/Telegraphic Transfer as well. The bank account details for telegraphic transfer can be obtained after you have placed a buy order online.

Thanks for the heads up, they now offer stocks and ETFs too! Great stuffs

You can check with them but I seriously doubt they would take cold hard cash. Rule no 1 in money laundering rules is CASH is a big big red flag

You can TT direct into their account though, yes, the rates would be less than ideal so it depends on how desperate you want to get your money offshore

Took a look at the new offerings and decided to give this a go

https://secure.fundsupermart.com/fsm/#!.../PORTFOLIO00005

At least no need to headache and look at the many many funds and offerings on FSM SG. My portfolio size in SG cannot justify the amount of time needed to manage it

This is the fund feeding into FSM MY's RHB Asian Total Returns funds. look okok only. First State Div advantage also have not been great for the past 2 years. Somehow in FSM SG I cannot chase returns one, sure kantoi

Yup, they have a few portfolio and I opted for the balanced one.

For me main reason i went for it is because the SGD I have is not that much, so it does not justify the amount of time needed for me to monitor and try to time the market etc. So would try this out instead.

On fees, it's just slightly higher than the platform fees they charge, especially if you go for aggressive portfolio, because platform fees already 0.4%; management fees for MAPS only 0.5%

But of course everyone has different point of view. I hold the lazy ppl view

No wor, I don't have a CDP account and clueless with stocks. Which broker did you go with?

Seriously, if cost is such a main consideration, you should not consider unit trust at all, all the funds slap you with 1.5% management fees and some other expenses although you don't see it like sales charge and platform fees

I'm not saying cost is not important to me; but there are many other things that is more important to me than costs

I buy from FSM Msia because their advisory is more superior than most agents I meet; and timely and ease of execution of transactions is more important to me than costs.

Anyway, the comment I posted is not for myself because I know exactly what I wanted. I would be paying even more than 0.4% to get it, but I'm ok with that.

I just wanted to remind you that I didn't think you are taking the most cost advantageous option available if cost is the most important consideration for you. 1.5% of the cost in 10 years is 15% to your total capital; and that's just management fee

You should just go straight to ETFs or direct equities la; cheaper ma; and for those, I'm quite sure FSM won't be the cheapest as well

p/s: Despite my tone, my posts are never meant to be sarcastic. It is backed by facts and tailored to your priorities

Thought I'd update here on MAPS. So I placed the minimum order of SGD5k last month. To my surprise, they actually place it into 20 funds where allocation vary from SGD100 (2%) to SGD (10%). Macam a bit over

Anyway, just let them do it lor. Current value SGD5,024.31

Good work

Just beware that ponzi 2's exceptional results is partly due to MYR depreciation. So if you factor that in it's probably just similar or worse off than the first state funds. FS Div Adv has not done well since I bought into it. It's the most popular fund on FSM SG. Not familiar with FS Asia opp

Asia HY bond fund is a totally different animal wor. Anyway, FSM's view is fairly negative on asian high yield due to expectation on fed rate increase. At least have 1 EQ and 1 FI to balance it a bit la

But I won't try to be hero when it comes to FSM SG. My IRR to-date is <3%, but 2 funds pending distribution la. In anycase IRR won't be >5%. So I'm not the right person to advise what to buy

Something for you to think about

If you plan to go for SG REITs, then it makes more sense to combine it with EQ funds instead of FI funds. Why? REITs and FI are both negatively affected by increasing interest rate

Let me know when and how you achieve 9-10% pa returns; I want to follow suit
If you take into consideration SGD strengthening against MYR I think easy la; but excluding that I really want to learn. SG is a low interest environment with stable currency. I didn't think the spectacular performance from SG REITs would be repeated for longer term basis. The only fund with close to 10% IRR that I have is Fidelity American due to S&P 500 good performance

Correlation is the key word here

No need, after 1 year you report la what is the returns, then can roughly tell how easy/hard to reach your target of 8-10%

Welcome to the semi hibernating club
I must admit I've not been a very good TS

If you read a few pages back, I talked about MAPS offered by FSM SG which is a quasi-roboadvisor product. I went for that for its simplicity and no research needed. But of course, not everyone like the idea of 0.5% fees per annum. But since I started on FSM SG, I've not done very well managing the portfolio myself. Like you say, there's less peer support here compared to FSM MY. And I also spend relatively less time studying the super extensive list of funds available on FSM SG.

First state div advantage is the most popular fund on FSM Sg but it didn't do very well since I bought it, I think at last count my IRR is still <5%. My best performing fund is Fidelity US fund.

Anyway, my FSM SG investment is smaller than FSM My portfolio and unlikely to grow much. So the time taken to monitor really does not commensurate the effort needed. Hence I went for MAPS and so far it's doing well.

In your case, it's up to you to decide which is the way to go. I'll list down the pros n cons of MAPS

Pro
- no brainer, auto pilot
- might save you some tuition fees when starting out

Con
- minimum lump sum sgd5k which can be a bit high for some
- comes with a fee of 0.5% per annum. But I'm fussy that even free also I won't go for POEMS. So 0.4% vs 0.5% is really immaterial for the convenience

I know, not a very good accountant. Free still want to nitpick and rather pay

Basically you just need to determine your risk profile using a questionnaire and pay the lump sum or RSP amount and they will determine a portfolio within your risk profile, do all the buying for you and periodically switch for you. You get to see the amount invested in each fund or ETF and its current market value. They will also produce a fact sheet periodically for you. Not sure how frequent but I don't think it's monthly.

They allocated my investment into 20 funds which I thought is a bit overkill. But it's something I won't be able to do on my own with just sgd5k. Most funds have higher minimum initial investment than what was in my MAPS. So I supposed that can be another pro

This kind of method won't give u the highest returns. But hopefully won't be the lowest as well

Took a quick look at the asset allocation strategy for aggressive growth - 30% in Singapore local sovereign bonds for FI exposure; totally no corporate; high yield; asian and global bond allocation; I don't really like lor
The remaining EQ exposure is 20% US; 20% europe; 20% emerging market; 10% commodity

FSM MAPS charges is 0.5% per annum net. No more plateform fees; that's why I say only 0.1% incremental and feel it's more worthwhile than doing it on my own

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

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

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

Only know about them because the founder went on BFM