Test is free of charge. POEMS application is also free of charge. Most funds in SG also like Malaysia. Min 1k (but in SGD) except those US funds where it might be USD1k. POEMS insist on commission of oath for documents unless you're walk in customer. No online application. All have to do old fashion way (mail in to them). Sekarang zaman apa???

If you have OCBC/DBS SG, you can do ninja trick (different from FSM MY ninja trick ), buy at 0% SC from FSM, transfer all out (SG transfer is not like Malaysia UT where we have to sell first)

If transfer, will try with money changer SGD100-200. If can masuk, then increase But first thing first wait for bank application to be approved. No bank account, No POEMS.

Reason for trying to buy SG UT:
1. FSM MY does not have the list of funds as their SG counterpart.
2. Cheaper SC at only 0.75% or 0% (malaysia is 2% )
3. When I sell, the money won't be in Malaysia (which means the value is preserved)

This post has been edited by Ramjade: Dec 18 2016, 09:58 AM

I personally know a few platinum status people in FSM/UT through agents, not in this forum, because they believe that UT is too slow for small amount of money, therefore need to play by volume. Every small % movement is a huge amount which you can skim it off when you feel right. Could go both ways of course.

Can you open a bank account as a non-resident?

Hard but I submitted my application from Malaysia side. Let's see if it works. If not, I have to walk into Singapore. Walk in is hard as they need working permit (all SG banks but there are exception). Before this, just walk in any banks and they will accept you. Singapore tighten the rules after you know what la

That's why the test is important. That way, I can show them that I am serious about investing by passing their test even though I don't have a SG work permit. That's also my backup plan.

Test:
1) SGX test
2. SAS-ABS E-Learning

This post has been edited by Ramjade: Dec 18 2016, 10:03 AM

I am not at 93% Equities... Aligned with FSM recomendation...

Did you guys use the fsm apps in Google play?

me. I'm lovin it

Buggy piece of software, not for serious use. Only for casual fund monitoring or graphing.

Often need to enter fund name two times, then only sticks.

And then when FSM server restart, no way to remove stale cookies except delete/reinstall or root remove certain cookie files.

I don't install/touch any financial stuff with my phone other than TAC.

Mobile financial apps are usually written not to remember the user name and password, ie every time one has to relogin.

If you use a mobile browser to login, and it usually is set to remember username and password, that is more terrible than an app. If one steals your phone he will be able to relogin using Chrome or Firefox, but cannot relogin using the apps.

The same happens to many of the Internet banking apps.

In other words, apps are actually safer ( if the apps have been written following safety ).

This post has been edited by puchongite: Dec 18 2016, 01:34 PM

Not enough features to justify it, space is limited I can get more info with the website, why would I need an app

This post has been edited by wodenus: Dec 18 2016, 02:42 PM

That info Is available in FSM website, u can find there

Yes possible as an OCBC premier banking customer, but apparently the rules are gonna be stricter come 1/1/17. In order to have an SG account, need to transfer about $200K and all will be sorted by the RM there.
I was considering earlier but due to multiple responsibilities, I had to delay the transfer. Still considering though. However OCBC SG has many products that promise returns which are not too bad , but then again, it's a bank we are talking about.

This post has been edited by drbone: Dec 18 2016, 03:35 PM

deleted

This post has been edited by drbone: Dec 18 2016, 03:29 PM

Can some explain to me why it is necessary to have a Sg bank account ? How about just TT money and invest into money market and then later move to your target funds ? When selling, dump it back to money market.

Wait a minute ,.... How to bring back the money later ?

try this...hope the answer is hidden indirectly in there....
https://secure.fundsupermart.com/main/home/...strictions.svdo

You can.



Keep TT, the TT charges and bank rates will kill you.

For me, I am not bringing that money back. Unless really needed. That money stays overseas.

This post has been edited by Ramjade: Dec 18 2016, 04:50 PM

That's why i say TT into money market first a lump sum, no need to do so many times.

TT rate is much worse than from Malaysia bank account to Sg bank account ?

Guys, with China's boom in Information Technology sector and the emergence of giant tech companies modeling western's one, what do you guys think about CIMB-Principal Greater China Equity Fund? I was quite skeptical about China but a lot of recent articles convinced me to try it.

This post has been edited by em0kia: Dec 18 2016, 05:06 PM


Attached thumbnail(s)

IMHO, I think china is a bit scary. Look at all the news article. Property bubble, capital control, international china shopping spree sanction, china's fx reserve falling rapidly, the weakening yuan, Latest seizure of US underwater drone...

No harm putting 5-10% in it. Btw, TA tech does invest in china tech.

This post has been edited by Ramjade: Dec 18 2016, 05:13 PM