Yes,.. there are quite a number of funds listed in FSM SG that are not available in FSM MY. But, with FSM MY available today, I'm not sure if FSM SG will allow Msians to open accts or not,....

That's the part that is getting harder now,... opening a Savings Acct in Sgp without the proper papers. But Standard Chartered Sgp is still accepting opening of Savings Accts by Msians. Minimum average daily balance must be SGD1000.

Good luck,....

Actually most of the FSM SG funds are regional or global funds. Not many local equity funds. FSM SG give a wide array of sector and exotic funds. That's the advantage of FSM SG over FSM MY

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

Please go open a Multi Currency Acct (MCA) with DBS. You can bank-in cash into your MCA, at no charge,.. How to open,... look for my Prince's posting in SGX Counters. He managed to open this week.

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

Sorry if you say cost is not important, why bother buying from FSM Malaysia? Better buy from agent and kena charge 5.5% right? Cutting down cost = more saving. 1.5% is in the NAV already. That one cannot save. But save where you can. i.e: Service charge. If I want to save, I will go for ETF (that's my long term plan), Right now, no account cannot do anything. Waiting for account to be approve.

Why bother paying 0.4%/pa (FSMOne) when Philips giving only 0.75% one time charge? What's 3% saving? I already calculated. For every SGD1k you park inside FSM/Philips per year for 10 years, FSM earns about SGD2200 while Philips only earned SGD750.

If you add another zero to 1k to make it SGD10k/year, FSM will earn SGD22000 and Philips only earn SGD7500 from you. SGD22000 might not be alot for you. But that's alot for me.

Further proof


By choosing Philips, one save 65.91% over 10 years which if annualized is 6.591% pa. FSM platform fees of SGD2200/SGD10k is 22% of your money. Almost 25%!!!   Compare that to SGD750/SGD10k. Only 7.5% (still acceptable)

Now tell me again cost is not important.
Cost is an important part. Never underestimate cost as it add up overtime. Eg is shown above. If people tell you cost not important either:
1) Person have too much money
2) Never do calculation enough

Ask yourself, can you repeat fund manager's performance? Do you have the money to buy stocks to make sure the broker fees is lower than UT fees? For Malaysia market, one will need min RM8k to make it worth while (Dividend Magic blog). DO you have time to monitor?

For me I answer no to all 3.

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.