Good morning bro Xuzen,...

Basically, for myself, some objectives of moving cash to SG is to park cash overseas so that my cash would not be under the jurisdiction of this Gov't anymore. Another objective would be to be able to invest into more instruments in an international financial centre,.. there are many other reasons, but these two came to my mind as I type this morning,...    my mind is watching the Aussie mkt and the ASX closely !!!

I don't really know much abt UTFs in Msia, I must say that first. But if I am to apply the principles of UTFs from SG, and other countries over to the Msian UTFs, then yeah, those UTFs you mentioned would be able to act as proxies to the international mkt. But you will need to pay them 'some charges' for them to act as proxies.

These charges are justified since they 'save' the investor from needing to do a lot of work going to open accts elsewhere, knowing how to use internet to transfer funds here and there, taxations rules, etc, etc,...

But your assets would still be under the jurisdiction of this Gov't. Look what happened to the exporters.

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

Not if you are a walk in customer. Besides it's only one time payment. And it will be cheaper if done via Govt instead of private.. How much are these cost compare to FSM charges over time? 

Nope no need. They told me walk in customer is alright even if you are a Malaysian.

Nope. Just take a night train to Singapore, Reach in the morning. Take another night train back to Malaysia. No accommodation cost. For food, I can survive 1 day on bread. I already planned out in case my application from Malaysia tak jadi.

Alternatively, you can get DllarDex to mail the forms to you and you mail them back.

Still cheaper than FSMOne in the long run.