Enjoying her dividends from ASx kua.... that's what ASx products are good for. Zero monitoring cos nothing for you to monitor

Anyway, you got change SGD or not... still hovering 3.11. I really don't think can hit 3.08 since USD:MYR is already lowest since Nov16

No. I think 3.10 is possible. I will settle for 3.10.

KL money changer rate may not reach 3.10 also cos they always hold the rate. Happened to AUD, XE rate already 3.34 but they hold it at 3.39; even buy rate is at 3.37

Bro I am living example of people not living there/working there/studying there who have SG bank accounts. FSM SG is one broker which doesn't need any SG bank account and application can be done online.

If you have priority banking, it's very easy to get one. If you don't (like me), then need to work harder. Not impossible but hard la. Up to you whether you really need an account or not as mentioned FSM SG does not require you to have a SG bank account. They are broker + UT seller + bond seller. Will I use them for UT? No. I use POEMS SG. Save 0.1% on quarterly platform fees.

This post has been edited by Ramjade: Sep 26 2017, 12:27 AM

But without a Singapore bank account, how do we transfer money to buy and sell unit trusts from FSM SG?

You can TT straight into FSM SG account. But when you want to withdraw, a bit more tricky lor, probably have to TT the SGD (or change change into USD) back to a Msia bank foreign currency account

As what dasecret said below. This is because FSM have it's own cash account for holding your money. If you don't want to spend money on TT, use moneymatch. It's our own Malaysian Transferwise. Exchange rate is on par with money changers minus the fees.

To withdraw ask FSM to do a TT. No choice unless you have SG bank account where you can use one of their fintech (singx, transferwise) to transfer money back at cheaper rates and not so expensive fees.

If you have maybank malaysia, one can even open account with maybank SG via post.

Regarding your question, of course I have. Last time was ar 3.085. That's why I know what was the lowest rate.

Now with moneymatch, I don't even need to travel down to SG as the rates are same/better with moneychanger. Will be doing one-two more times travelling then I am done.

Thank you for the info, sis.

Thank you Ramjade. The sentence in bold is interesting.

This post has been edited by Vanguard 2015: Sep 26 2017, 10:14 AM

I gave xuzen homework on how to open everything without needing to step foot into SG not sure if he did it. Here you go
https://forum.lowyat.net/index.php?showtopi...post&p=84349022

Basically is you go download Maybank iSavvy pdf form online (look for the latest date). Fill it up, go to the selected Maybank branches which process application for iSavvy (is listed on the form), buy a bank draft (pay to yourself in SGD, min SGD500) from Maybank Malaysia, go to the counter which do iSavvy application, submit all required documents, now you seat back and contact Maybank SG after 3 weeks to esquire the status of application. If all goes well, you will receive your welcoming package in the mail box by 4th-5th week.

I also awaiting 3.08!!!

today 3.10 if RM up few more days.. 3.08 might be possible. i am monitoring closely.

Where did you get 3.10? Today good day to buy as everything red.

oops 3.113. not yet 3.10..
saw wrong column.

red? what is red....

Semua market red. Asia, india china, us

Fear of War ...

Thank you again. I will look into this.


FSM Malaysia has a Cash Account where we can buy in AUD, US, SGD and RM. I wonder what is the exchange rate they use.

Maybe another relevant question is, if you buy SGD on FSM Msia, can they transfer/TT it to FSM SG?
If cannot then no point also

That cash account is for you to buy buy foreign currency bonds.

I don't think so. It is more for the purpose of buying into the Bond Express, etc. in FSM Malaysia.

Avoid FSM SG at all cost. 0.1% quarterly platform for all funds vs POEMS SG/Dollardex at 0% platform fees, 0% quarterly fees. Both POEMS and Dollardex have more or less the same fund as FSM SG.

Use FSM SG tools that are available for free and buy from POEMS/Dollardex.

This post has been edited by Ramjade: Sep 26 2017, 11:52 PM

Dividend is an illusion.

Let's say the fund gives out 5cts per unit, on the ex-date, you go and check, the NAV pun drop 5 cts.

Don't believe? Go check and see....

The above is another Xuzen's " Maggi mee: cepat dimasak, sedap dimakan™ " version of answer to a tough question.

Xuzen



This post has been edited by xuzen: Sep 28 2017, 11:05 AM