QUOTE(Ramjade @ Jan 25 2017, 03:43 PM)
Reply from Phillip
Hope it does not blow itself away as well.
Fundsupermart Singapore, Let's have a separate thread
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 Jan 25 2017, 03:53 PM
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#1
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All Stars
33,615 posts Joined: May 2008 
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Reply from Phillip Hope it does not blow itself away as well. |
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Jan 25 2017, 04:21 PM
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#2
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33,615 posts Joined: May 2008
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QUOTE(Ramjade @ Jan 25 2017, 04:08 PM) FSM are losing customers to both Phillip and DollarDex because of the platform fees. Had they not introduce platform fees, but lower their SC, they might retain some of their customer. FSM thought the platform fees is their trump card because only they have a system sophisticated enough to handle platform fees. They did not expect people fight back by dropping pants. LOLWhy? Look at the interface/info from FSM compare to Phillip/Dollardex.  Btw, does POEMS sg accept Maybank iSaVvy account ? I found from the net that it's quite easy to open a Maybank sg iSavvy account. I could just go to a branch nearest to my office to open it. |
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Jan 25 2017, 04:54 PM
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#3
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QUOTE(Ramjade @ Jan 25 2017, 04:51 PM) Can give me a clearer example? I don't understand. 1 means 100%, that will include the principal. This post has been edited by puchongite: Jan 25 2017, 04:54 PM |
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Jan 27 2017, 04:42 PM
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#4
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QUOTE(AIYH @ Jan 27 2017, 04:14 PM) still they charge per quarter not per year Sorry what's meant by that ? Can fsm my fund be transferred to poems Sg ? Once poem sg approve, will transfer all global DM fund from fsm my to there, consolidate into one fund |
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Jan 27 2017, 04:53 PM
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#5
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QUOTE(AIYH @ Jan 27 2017, 04:50 PM) No la, means sell off what I have in fsm my on global/dm, restart in poems under one US fund Okay. Selling is a tough decision. Must only do it when market is quiet. |
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Jan 28 2017, 08:53 AM
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#6
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QUOTE(Hansel @ Jan 28 2017, 02:40 AM) Many of my friends are also transferring their finds from FSM SG to POEMS. They're taking advantage of the promo now,.. Is there any concern about long term sustainability issue with the current Poems Sg 0% SC 0 % platform fees ?I wonder if there is any weakness in holding ALL funds under one distributor. What if something happens to that particular distributor ? Secondly, what are the weaknesses of holding funds under POEMS compared to FSM SG, besides, of course,... the good part, being no platform fees ? Are they paid by the fund houses, that is they get paid via a split on the management fees between fund houses and themselves ? |
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Jan 28 2017, 04:49 PM
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#7
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QUOTE(Hansel @ Jan 28 2017, 04:39 PM) I've not heard of any sustainability issues with POEMS,... perhaps we shld scan the net more,... This 0 % SC and 0'% platform charge is NEW. Previously there is certainly a revenue stream based on SC. POEMS website not having enough facilities is not an issue, at least not for me,... I can use other facilities elsewhere in the net. Now everything is 0, where is the revenue stream ? Some more pay for migration from FSM Sg to POEMS ! Unless there is a split from the fund management charge ! |
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Jan 28 2017, 05:01 PM
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#8
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QUOTE(Ramjade @ Jan 28 2017, 04:52 PM) Previously was 0.75% SC. Keep in mind that they are doing brokerage business too. Using the money made from other business entites to subsidize this business ? They will have to see the businesses to be synergistic to do that ! |
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Mar 29 2017, 05:45 PM
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#9
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QUOTE(Hansel @ Mar 29 2017, 05:25 PM) 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,... That High Yield Bond Fund which I invested in has become a very low yield bond fund. So I have decided to switch out of it. 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,...   |
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Mar 29 2017, 05:54 PM
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#10
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QUOTE(Ramjade @ Mar 29 2017, 05:51 PM) Which fund was that? You have FSM SG account? I invested in the FSM MY United Asia HY Bond Fund. It is not moving up and in fact, it is going negative ! LOL. |
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Mar 29 2017, 06:02 PM
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#11
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QUOTE(Ramjade @ Mar 29 2017, 05:59 PM) For me it's still positive. Not as bad as amasia I think I am caught at the moment when USD is weak against MYR and there was a fed rate hike too.  . Amasia hardly move and was close to (-) but this fund have always been (+) to me. But not even one year yet, why fret.But no, RHB Emerging Market Bond Fund performed better for the same period. |
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Mar 29 2017, 07:43 PM
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#12
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QUOTE(Hansel @ Mar 29 2017, 07:30 PM) OK,... I guessed he got caught by some fundamental events,... sometimes must watch closely, and must understand the fund's behaviour too. Like the ones I'm holding,... I see they have strong correlation with oil price,...then I will know when to buy,.... It was a very brief duration. To be fair. But since there is no switching fees i am not staying through. Can always come back later. |
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Mar 30 2017, 07:13 AM
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#13
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QUOTE(Hansel @ Mar 29 2017, 10:51 PM) Yeah,.. good decision,... but before you go back to this HY fund, would you know what effects it ? What are its underlyings, and how does the price move ? Good point. No idea, as I guessed it was due to weakening USD against MYR and also fed rate hike. Is there a way to confirm ? |
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Mar 30 2017, 02:24 PM
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#14
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All Stars
33,615 posts Joined: May 2008
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QUOTE(Ramjade @ Mar 30 2017, 11:01 AM) I have manulife AP reits and it was performing better than amasia Xuzen won't come in here to argue with you, so you are safe.  |
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