No problem.

Use POEMS 2.0,... more graphics and more user-friendly,...

BTW another direct competitor to Smartly has surfaced, https://www.stashaway.sg/

For FSM MAPS subscribers, the aforementioned portfolio rebalancing *could* be underway.

Your Portfolio Manager is conducting portfolio action on your FSM MAPS Balanced (Growth) portfolio. It will take approximately 7 working days from the day you receive this notice for the process to be completed.

So weird, all the funds are green but the overall position showed a 0.46% loss. I supposed that's the rebalancing exercise

How's your portfolio doing?

Yes exactly the same as you, total gain/loss is in red while all funds are green. I suppose that's rebalancing exercise too.

P/S: Will be going to their office on Monday again for another closed-door MAPS review session.

Just realise on top of MAPS, they have another product with is advisor based
https://www.ifastgm.com.sg/igm/home/pricing-structure

It doesn't state how much is the setup fee though

Steven7, might be suitable for you. Personalised service by the SYTs

Lolwut? I am very content with MAPS already la, SYTs always welcomed tho

BTW I think my port rebalancing has finished.

Oh one more thing! Just received an email from Smartly saying they are finally ready for launch, will start the member onboarding on June. Although personally I prefer StashAway just by looking at their tech (occupational hazard)

This post has been edited by Steven7: May 15 2017, 07:45 PM

To be honest I'm pleasantly suprised with MAPS returns so far. My ROI is about 5.8% with a portfolio <6 months old. I thought it won't be as good since they put in so many funds. Hopefully they keep up with the good returns

Sometimes the tech is important, it shows the general attitude to quality or commitment to the users. Since you are the pro, I'll probably try with stashaway. Thing is both sites don't show their planned allocation, very hard to determine if it's something I'd want to go for

Ikr? Its really worth the 0.5% fee huh I bought 2 different MAPS portfolio so you can imagine the number of funds I have in FSM SG.

On that note tho, during the quarterly review session the portfolio manager did mention things will start to slow down soon, in fact he will be afraid and start taking defensive measures if the market continues to rally (a sign of bubble popping). During the talks and even Q&A session he is quite insightful tho.

Yeah personally I do feel tech is important, but I only had the chance to peek into both platforms' tech stack on the surface level since its not officially launched yet. For instance, on https://www.smartly.sg/fees the $ slider don't even work, font inconsistencies here and there. Even though I am not a front-end coder but still I couldn't stand it. But who knows, Smartly might have a better "algorithm" in determining allocation.

BTW I don't see a planned launch date for StashAway yet anyway

How's the HY bond doing?

Just realise First State Div advantage suddenly came back alive and made 12.82% YTD while Fidelity America is slowing down; lost 2.73% YTD

That's why I'm resorting to MAPS, I don't do enough homework on FSM SG funds

I divest to Sg reits and ASX. No time monitor Sg UT.

I am going to start soon. Going to follow sifu xuzen recommendation for US sector to use global tech.
How do you use Morningstar SG to select funds?

This post has been edited by Ramjade: May 16 2017, 09:05 PM

I mainly use FSM tools last time to select funds, but long time didn't buy already. Now just slowly sell the non-performing ones and move into MAPS and maybe later try out one of the robo advisory using ETFs

I am kind of apprehensive towards ETF investing because:
1) we are getting average results
2) ETF weightage is not diversified. Take STI. A big chunk of it of the component are banks. A ETF with equal weightage to all stocks give better results than regular ETF (according to a study done)
3) ETF investing decreases value
http://fifthperson.com/passive-index-inves...ation-of-value/

I actually had to check before I can answer this question, I don't log on to FSM SG regularly

Well, so far US ETF is slightly red and NM multi cap opp. The rest are still hanging on in green. I guess it's a good thing they completed the rebalancing. The US ETF allocation was 10% when I started, now it's about 7-8% only

Gotta say I was surprised this came from you since you are always focused on fees.

I too think ETF will snowball to a level that the returns would no longer be sustainable. In fact, the next great crash could be due to over expansion of ETFs. But that's just my own little theory, no evidence to back it up for now

Some fees we can control. Some we cannot. For those fees that we control
1) brokerage fees
2) platform fees
3) service charges
4) dividend fees (most brokerage charge their customer on foreign dividend)
5) inactivity fees (again charged by some broker)

For thoae we cannot control
1) management fees
2) trustee fee

Control what we can. I am not a fan of ETF cause if a fund manager can beat the ETF, why bother with lower returns via ETF?
Eg. Kenanga Growth Fund vs KLCI. KGF beats KLCI hands down every time (even with management fees as it's already in the NAV). Will I invest in an ETF based on KLCI or KGF? Of course I will choose KGF. Times like this management fees cannot be save. I will gladly pay the fees and buy KGF over any ETF based on KLCI. Maybe you can say jagoh kampung which maybe is true (valid for malaysia) but not the US (as majority of US fund manager cannot beat the S&P500).

Same with asia pacific ex japan. Would I buy an asia pacific ex japan ETF or would I buy a fund which beats the asia pacific ex japan index? Of course I will choose the fund over the ETF.

It's those pesky platform fees, service charges which get under my skin.
They don't help to boost the return but diminish it unlike management fees.

You are not the onky one saying that. Other financial bloggers are saying the same thing.

This post has been edited by Ramjade: May 19 2017, 12:26 PM

I agree on you on the rebalancing part, but still, the damage is quite severe on my Aggressive port, gains that took months to accumulate disappeared in 2 days (>50% drop in gains compared to 2 days ago)

Yeah, Brazil market is really freefalling but that's due to Temer scandal, and I guess your port also have some exposure on Brazil too?

Hope the number of scandal/crisis would just stop

This post has been edited by Steven7: May 19 2017, 02:49 PM

Another round of portfolio rebalancing for FSM MAPS holder.