Hi guys, reporting in as new investor as educated by @Ramjade. Any "starter kit" for SG funds? BTW Ramjade, since you mentioned in SG POEMS is better than FSM why didn't the members here create a POEMS SG thread instead, just curious.

This post has been edited by Steven7: Feb 20 2017, 07:50 PM

Ok thanks I will go do my homework and hopefully you can take a look at my portfolio soonafter

Haha I will bug you all for advice once I got a draft of my portfolio. BTW, FSM SG website is far more "user friendly" than Phillip UT website (I mean POEMS SG website is good but once I go into POEMS UT specific website, its so ugly)

This post has been edited by Steven7: Feb 20 2017, 08:40 PM

Ohh now I know FSM SG have this feature, but I am okay with GIRO or any other manual methods of transferring to RSP. Yeah I think the no fee in POEMS in really attractive despite its ugly platform

Yeah in fact right now I am looking at FSM SG recommendation then go to POEMS to check whether it exists there. Mind to share some highlights fund on your research?

Woah I looked at MAPS and it seemed..."simple" and effortless for people like me.

Correct me if I am wrong, so for FSM SG I will be charged 0.1% per quarter for equity/bond fund plus 0.5% per annum if I use their MAPS service. POEMS 0% charge. FSM MY charge an extra 2% SC, this is where I got confused, why is FSM SG worse than FSM MY then since SG don't even incur SC?

Interesting, MAPS is getting more and more interesting. So MAPS only charges 0.5% per annum without incurring the 0.4% platform fee?

Hmm that makes sense. Thanks!

Dumped ~20K into MAPS Balanced for about few weeks now and so far I've been taking a hit of -0.15% due to Fidelity EmEur MidEast and Africa A USD is really doing quite bad. Rest of the funds are either increasing in value or remained almost the same but this one really dropped a lot (granted its Risk 9)

This post has been edited by Steven7: Mar 10 2017, 12:56 PM

I seriously don't know, its on FSM recommended fund some more...But they only allocated 5% for that though, out of 20 funds that they subscribed for my MAPS Balanced (Growth)

Well in fact I will still be doing RSP.....might as well just dump ~20k in first. What is this Smartly tho? Why is it getting so much attention even though it didn't launch yet.

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.

Yeah I know about the abundance of robo advisors at US as I saw great reviews on them even on Quora, back then I was hoping they would set up shop here but they didn't.

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?

This post has been edited by Steven7: Mar 10 2017, 06:02 PM

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

This post has been edited by Steven7: Mar 11 2017, 10:14 PM

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.

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

This post has been edited by Steven7: Mar 17 2017, 02:37 PM

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.

This post has been edited by Steven7: Mar 17 2017, 04:30 PM

Very detailed sharing, thanks