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.

I thought you mentioned MAPS bought funds, stocks ETFs?
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?  

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 

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?

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

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?

Ahh nvm. Somehow the system "readjust" my current holding and everything is normal now, albeit still at loss.

dasecret, AIYH what do you think of the above?

Yes, it can rise after ex dividend date

But it doesn't change the fact that the divvies are from the NAV itself, means when dividend/distribution declare, NAV/share price will drop.

In essence, the dividend itself are not extra money from the company, rather, it is a rebalance of nav/share price, your value in the stock/share will not change pre and post dividend.

So a fund which declare 6% yearly dividend is not better than a fund which do not declare dividend.

Some people use dividend as a factor to determine a share/fund strength instead of their fundamental.

One should focus on the fundamental instead of the dividend because dividend distribution alone doesn't affect your holding value at all

p/s: this does mean the monthly dividend fund is not good. The fund is good because of its fundamental, not the dividend.

Tq AIYH,...

I'll just respond with one of the monthly payout funds that I hold for which I bought when the nav dropped back when oil price dropped. The fund is the Allianz US HY Cl AM-USD, entry price USD7.79 per unit, monthly dividend payout USD0.06 per unit.

Hence, yield for me is at 9.24%.

The price of this fund is now at USD9.13 per unit.

Of course, the dpu payout and the nav can fall, with similar risks to buying stocks and REITs.

Hi guys, just came back from FSM SG MAPS Seminar yesterday, its a small group closed events (~20 people). Just some sharing, first they talked about MAPS performance since inception. For Balanced, its 3.7% return (Balanced) vs 3.2% (Income), for Moderately Aggressive its 4.4% vs 3.7%, for Aggressive its 4.7% vs 4.0. Pretty good number so far with so follow-up light bashing on jokes on Aderdeen recent years performance.

Then its fund-by-fund analysis by comparing to internal benchmark, nothing I will go into here.

Here comes the main point, there will be the first portfolios rebalancing soon. They will be moving things around by reducing allocation on markets/product they deem unattractive. For instance, they will be fixing ETF due to ETF underperformed, reducing bets on fixed income due to unattractive returns.

Some explanation on upcoming risks, such as upcoming election on German and French and how the new leader going to address immigrants issues is going to play a role, in terms of economic stability.

Okay guys, projected portfolio growth! From Aggressive to Conservative (I may have written down the wrong number for Aggresive). 9.1%, 8.5%, 7.2%, 5.8%, 4.3%.

Funny side note, someone asked about company stability during QNA as iFast were at its all time low yesterday.

P/S. The free dinner is awesome, and I gotta say, the lady who works at iFast is gorgeous af.

Edit: Tagging Ramjade, dasecret

Once they reach a quota they closed down registration already. I RSVP'ed earlier.

You mean the mistake they did last time? No I didn't.

By fixing ETF, I mean they are trying to deallocate from ETF soon, probably during the rebalancing, I told you about as they think their allocation on ETF is overweight and ETF as a whole is unattractive.

Yeap its annualized.

Bro/Sis,... appreciated yr comments,....

1) The HY funds are said to have properties closer to equities than to bonds. With a growing economy in the US, if equities do well,...theoretically, the HY funds will do well too.

2) I have reinvested the dividends I've collected over the years INTO other asset classes besides these HY funds themselves. It's not easy to calculate the returns from there, but I hold on to the concept that the faster I get my money in my hands, the faster I can reinvest them into other instruments to generate more returns.

3) The table that you showed are in SGD terms, meaning the returns have been converted into the SGD and then calculated in SGD, hence,... exchange rate effect is there. In their absolute currency terms, my returns are higher.

4) Your performance table was pulled from either Fundsupermart SG or POEMS, and the returns are in SGD terms because their investors normally convert the dividends received into the SGD. I don't, I collect my returns in the foreign currencies that such dividends were generated in,... and,... when the exchange rate is favourable, I may convert over. Otherwise, I my use the same currency cash in hand to invest into instruments of similar currencies.

Egs,... I will use the USD divvies I earned to invest into Manulife US REIT. I may use the AUD divvies I earned to invest into the ASX !

I guessed I don't have specific numerics to illustrate my returns,... but I noticed I keep getting more and more foreign currencies dropping into my different wallets.

What is the average return of a good US Equity fund ?

Check out Fidelity America/Fidelity Global Tech (this one is in Eur but 70-80% coverage of the US so it's basically a US fund).

For fidelity America, you can choose to pay in SGD or USD (there are 2 funds with different currency). For me I will choose SGD as there's no way to do online transfer from a USD/MCA account into FSM/Phillip. Heck even SG banks does not allow one to transfer USD/HKD/AUD between banks via online which I thought they can. Kind of a let down considering SG is suppose to be "advanced". They only let you transfer SGD 

It's okay, if you feel lazy, do not reply,...

I too feel lazy at times to QUANTIFY things like what you said, and especially after how you said things,.... so,.. no need to read my postings,...yeah,.. I must be 'shiok sendiri' then,...

Just wondering - anyone here have FSM investment accounts across countries? i.e. One in Malaysia and one in Hong Kong.

I'm tempted to apply HK FSM since it seems to offer wider ranges of portfolios and doesn't seem to have ridiculous restrictions for foreigners.

Thanks for the inputs! Looks like I'll be proceeding with FSM HK. I'm in a lucky situation where I have employment (STA) here so I do have valid HK account and IC so guess that'll help.

Both poems and fsm don't allow me to start RSP without initial investment

Both poems and fsm RSP can only do via bank acc DDA and their government retirement fund scheme (not like FSM MY where you can RSP via CMF)

I have the initial capital from FSM MY US part which is enough for either platform initial investment.

However, I can only choose FSM over its top up value of SGD 100 vs poems EUR 500

Stuck with platform fee, but oh well

Only MAPS can RSP via cash account, normal UT still require DDA

Somehow feel like MY platform is more flexible compared to SG

I thought you are earning SGD?

Well what to do. As elea88 said. Earning RM and investing in SGD

I just sold the First State Dividend Advantage and plan to divest into other HY bond.

I think I am caught at the moment when USD is weak against MYR and there was a fed rate hike too.

But no, RHB Emerging Market Bond Fund performed better for the same period.

For me it's still positive. Not as bad as amasia  . Amasia hardly move and was close to (-) but this fund have always been (+) to me. But not even one year yet, why fret.

I just sold the First State Dividend Advantage and plan to divest into other HY bond.

Bro,.. High Yield Bonds or High Yield Bond Funds ? Why did you not reply him/her ? It's yr money,... even if you wished to throw it into the drain also... it's up to you,... 

If you believed in High Yield Bond Funds,.. as I have been doing all these years,.. then so be it,... speak yr mind,... no need to be careful of him or her or of anyone,...   

This is just a forum,... no need to be overly careful to speak,...