Then I'll ask 1 question

Have you removed the forex gains from MY funds?

Or, add forex gains to the USD or SGD denominated funds in FSM SG

It's not so easy to compare due to forex factor

Er talking to me or xuzen?
If me, when you are in SG, look at SGD. Don't look at RM. Later if you need the money, then only look at how much you make with the depreciation of RM.

Same thing apply for USD, etc.

Btw to answer your question that day
Yeah. Can work part time not in any special field but part time in say McD/KFC/etc. But I am choosing not to as once I start working, it will be hell busy. No time for all this FSM/LYN. So better for me to read up and start my investment now.

Er talking to me or xuzen?
If me, when you are in SG, look at SGD. Don't look at RM. Later if you need the money, then only look at how much you make with the depreciation of RM.

Same thing apply for USD, etc.

Yes,... bro Ram has a strong point there.

I've opened an acct in FSM SG LONG BEFORE they set up shop in Msia. My experience has been with the SGD all along.

One thing I noticed is with the SGD being strong always, whatever dividend that I earn, when converted into the SGD is always 'lesser relatively',... I noticed during times when the SGD is weaker, then only will I get more SGD divvy.

Hence, I supposed if we invest using the RMin FSM MY, we will GET MORE RMs when the RM depreciates.

Wait a minute,.. does the base currency get converted directly into the RM, OR does it gt converted into the SGD first, then only into the RM< since FSM is SG-based ?

To make a long story short, if you buy in SG with an SG Account, you are earning the SGD. If you buy in AU, with an acct in AU, you are earning the AUD. Hence, things depend on which currency you wish TO EARN.

More or less amt from the proceeds should not matter,... After all, we will still need to convert to any currency that we wish to use later on. It may not necessarily be the MYR that we will convert into.

What if you need to use AUD later ?

Then we use SGD to convert and transfer using Transferwise. (Note to self: open account with them).
With SGD, there's a chance that we can gain against AUD/USD/whatever currency you will need.

I cannot say the same for RM  

Then I'll ask 1 question

Have you removed the forex gains from MY funds?

Or, add forex gains to the USD or SGD denominated funds in FSM SG

It's not so easy to compare due to forex factor

Good day to you good sister,

I will attempt to answer you question objectively. I shall use two example for argument sake that is TA GTF and RHB AIF. From friend Ramjade's words, TA GTF is the daughter of Henderson Global Tech fund denominated in SGD, whereas RHB AIF is the daughter fund of Schroder Asia Income fund also denominated in SGD.

Lets take RHB AIF.

Three years ago on 31/3/2014: SGD 1,000.00 = MYR 2,595.23

Today rate as of 31/3/2017: SGD 1,000.00 = MYR 3,167.04

RHB AIF 3 years annulized return is 12.66% p.a.

Schroder AIF 3 years annulized return is 5.00% p.a.

Lets say you participate SGD 1,000.00 into SAIF 3 years ago, today value shall be SGD 1,157.63, convert it to MYR as of today rate = SGD 1,157.63 x 3.16704 = MYR 3,666.24

Lets say you participate MYR 2,595.23 into RHB AIF 3 years ago, today value shall be MYR 3,710.95

RHB AIF wins motherfund.

=============================================

Lets take TA GTF

Three years ago on 31/3/2014: SGD 1,000.00 = MYR 2,595.23

Today rate as of 31/3/2017: SGD 1,000.00 = MYR 3,167.04

TA GTF 3 years annualized return is 18.78% p.a.

Henderson GTF 3 years annualized return is 13.28% p.a.

Lets say you participate SGD 1,000.00 into  HGTF 3 years ago, today value shall be SGD 1,453.65, convert it to MYR as of today rate = SGD 1,453.65 x 3.16704 = MYR 4,603.77

Lets say you participate MYR 2,595.23 into TA GTF 3 years ago, today value shall be MYR 4,349.16

TA GTF loses to mother fund.

=============================================

What is the takeaway message here?

Forex is too unpredictable. Some daughter fund wins mother fund, other loses to mother fund.

The final say is that there is no room for generalization.

My personal take is, investing is already a risky business, hence do take in more unnecessary risky. For example, if you are not a resident of S'pore, it makes no sense to buy an asset that is denominated in SGD because you are introducing another element of risk aka unpredictability into the equation.

Xuzen

Thanks for the lesson.

The above is not a Maggi Mee®: Cepat dimasak, sedap dimakan™ lesson. Glad you understand it.

Xuzen

Good day to you good sister,

I will attempt to answer you question objectively. I shall use two examples. And for argument's sake I shall take TA GTF and RHB AIF. From friend Ramjade's words, TA GTF is the daughter of Henderson Global Tech fund denominated in SGD; whereas RHB AIF is the daughter fund of Schroder Asia Income fund. Both the mother funds are denominated in SGD.

A) Lets take case for RHB AIF.



Lets say you participated SGD 1,000.00 into SAIF 3 years ago, today value shall be SGD 1,157.63, convert it to MYR as of today rate = SGD 1,157.63 x 3.16704 = MYR 3,666.24

Lets say you participate MYR 2,595.23 (eqv to SGD 1,000) into RHB AIF 3 years ago, today value shall be MYR 3,710.95

RHB AIF wins mother fund.

=============================================

B) Lets take the case for TA GTF


Lets say you participated SGD 1,000.00 into HGTF 3 years ago, today value shall be SGD 1,453.65, convert it to MYR as of today rate = SGD 1,453.65 x 3.16704 = MYR 4,603.77

Lets say you participate MYR 2,595.23 (eqv to SGD 1,000.00) into TA GTF 3 years ago, today value shall be MYR 4,349.16

TA GTF loses to mother fund.

=============================================

What is the takeaway message here?

Forex is too unpredictable. Some daughter fund wins mother fund; other loses to mother fund.

The final say is that there is no room for generalization.

My personal take is, investing is already a risky business, hence do take in more unnecessary risky. For example, if you are not a resident of S'pore, it makes no sense to buy an asset that is denominated in SGD because you are introducing another element of risk aka unpredictability into the equation.

Xuzen

p/s Data are obtained form Xe.com website for forex data, FSM MY for both RHB AIF & TA GTF, FSM SG for SAIF and HGTF.

Great comparison, numbers don't lie and that's why I like to lay everything down

Now... can we ask for another slowcook menu item? 

So with the above FX consideration; are the selection on FSM MY still trumps FSM SG?

I get what you mean by introducing another element of risk by investing abroad; but I guess the intention of most here is trying to mitigate some level of country risk or political risk. For myself, it was just an opportunity presenting itself at that point. I'm not actively doing it anymore, the amount I have in SGD is not substantial enough for me to sustain my living if Msia really "collapse" (whatever that's supposed to mean)

This sister ar...     

You don't read izzit. I already state my conclusion, one cannot make sweeping generalization. There will be winners and losers. You want, you need to calculate each fund one by one. That is why to me, it is a waste of time, and I better stick to FSM MY for the time being.

Xuzen

U not tempted with the 0% SC 0% platform fee meh 

There are more choices in SG, be it platforms or funds; but sometimes too many choices make it confusing also la

U not tempted with the 0% SC 0% platform fee meh 

There are more choices in SG, be it platforms or funds; but sometimes too many choices make it confusing also la

Serious boh? Zero sales charge and zero platform fee? Can it also include wrap account; meaning: Unlimited switches such as ten switches everyday will not kena charge a single cents wan....

Xuzen

Serious boh? Zero sales charge and zero platform fee? Can it also include wrap account; meaning: Unlimited switches such as ten switches everyday will not kena charge a single cents wan....

Xuzen

Yup. If you choose FSM SG, you get 0% service charge + 0% switching fees + 0.4% platform fees. I think is cheaper than your wrap account?

If choose phillip 0% service charge + 0% switching fees + 0% platform fees. Ho boh?

Yup. If you choose FSM SG, you get 0% service charge + 0% switching fees + 0.4% platform fees. I think is cheaper than your wrap account?

If choose phillip 0% service charge + 0% switching fees + 0% platform fees. Ho boh?