Fundsupermart Singapore, Let's have a separate thread
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 Aug 23 2017, 06:16 PM
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#1
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Junior Member
270 posts Joined: Jul 2017 
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Hi there, new to FSM here. I've just briefly skim through the pages. It seems that FSM, Phillips, and DollarDex are are all options for investments.
Which is the preferred option for someone that wants to put about ~30k USD into their funds for mid term growth. |
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Aug 23 2017, 09:54 PM
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#2
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Junior Member
270 posts Joined: Jul 2017
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QUOTE(Ramjade @ Aug 23 2017, 07:13 PM) FSM SG Thanks Ramjade, gracious as ever in sharing knowledge.- no need SG bank account to open - application can be done online - the widest selection of funds - if you are feeling rich/generous and don't mind "donating free money" to them (quarterly 0.1% platform fees), Phillip SG - possible need SG bank account(best to check with their customer service) - 0% service charge, 0% platform fees - application can only be done via post/in person Dollardex - 0% service charge, 0% platform fees - no need SG bank account for application - need SG address for application - application can be done online For me, the only option is between Phillip/FSM. I don't feel particularly generous/rich enough to give free money to FSM so I choose Phillip.  |
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Aug 24 2017, 02:21 AM
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#3
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Junior Member
270 posts Joined: Jul 2017
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QUOTE(dasecret @ Aug 24 2017, 12:25 AM) What do u want to buy? FSM also distribute bonds if that's relevant to you Thanks dasecret!Both FSM and Philip has quasi robo advisory. Same pricing. I prefer this product these days. No need to headache what to buy and when to rebalance. If u r into robo advisory there's also smartly and all discussed in this thread. I still haven't got around trying them out The only thing is most of them accepts SGD instead of USD. So u would want to check if you send them USD, what's the rate they would convert it to SGD before u can buy the product u wanted. Of course u can stick to the products that r denominated in USD, but it'll be limiting ur options unnecessarily I am split either to put my next investment into Vanguard or Philip. Robo Advisory is fine by me as I am happy to automate things  Yeaps, most of the money I want to put to use is in USD, I have some SGD so I have to safe up. I definitely want to go for the best options, don't want to limit my options because of the currency. This post has been edited by simplylegendary: Aug 24 2017, 02:21 AM |
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Aug 24 2017, 11:47 AM
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#4
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Junior Member
270 posts Joined: Jul 2017
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QUOTE(Ramjade @ Aug 24 2017, 03:08 AM) Take your time to read though this blog http://www.turtleinvestor.net/. He's a pro on ETF investing. And there are more ways to buy a Vanguard fund rather than opening a Vanguard account (which I do not recommend opening account with them. But I am a noob, so don't listen to me Thanks again! )Have given up on buying Vanguard mutual since we are not allowed to, in fact U.S. citizens have pointed out that their accounts get frozen if Vanguard finds out they live overseas. Vanguard ETF will do, most likely their All World ETF. Turtleinvestor is interesting, advice is closer to home His advices to buy Vanguard index too but likes to use SPDR ETF as references in his article, I wonder why.This post has been edited by simplylegendary: Aug 24 2017, 11:47 AM |
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Aug 24 2017, 12:05 PM
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#5
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Junior Member
270 posts Joined: Jul 2017
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QUOTE(Ramjade @ Aug 24 2017, 03:08 AM) Take your time to read though this blog http://www.turtleinvestor.net/. One more thing,Looking at Vanguard's Total World Stock ETF image below, does it mean that Vanguard's returns is closely modeled to FTSE's spliced index, but actually lost out by a small margin?  This post has been edited by simplylegendary: Aug 24 2017, 12:06 PM |
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