I think this year, ...funds roi are going up for most of my ut funds, much better performance than 2021, 2022....
Hope it last and continue to go up since Covid19 ended..

I am putting some of my need to use money in AH fixed income after exiting my AH equity funds to collect some credit points

https://www.fsmone.com.my/funds/research/ar...m1-pr?src=funds

is this now the cheapest way to invest in US ETF for long term?

Is there Irish domiciled etf like SMH?

IMHO, this is really a good strategy by FSM Malaysia. It allows small investors to get in and/or people who want to invest very frequently and regularly. RM1  is way better than USD1.

Yes. I know that US ETFs dividends are taxed at 30% vs Irish domiciled 15%. Spread between Irish domiciled ETFs are wider vs US ETFs though, less liquidity, lousier pricing and some may have larger minimum amount /disallow fractional shares.

So ultimately it depends on the person's budget, frequency of trades, the amount size and so  on. For me, I haven't tried a regular plan yet but may be tempted to do it here/partially here.

Brokerage is cheap but you have factor in FX spread 🤦‍♀️
Yes it is cheap but the FX spread is high 🤦‍♀️ that is where is they earn money
Yes US ETF are taxed 30% unless your brokerage is willing to claw back WHT is eligible hence why it is recommended Irish domiciled ETF for tax efficiency
You got burned by their aggressive portfolio is it? 🤦‍♀️

Their portfolio management is inconsistent hence why

How did you get burned by FSM (don't need to answer if you don't want to)? Yes, am aware of Vuaa. Guess you prefer Cspx due to the narrower spread.
Dammm...forgot about fx spread. Yeah, most likely not worth it if thinking of the conversion. Thanks for the reminder. Guess FSM regular plan is out then

Well let’s verify with fact
I just tried with FSM cash account
5000MYR I can get 1059.70USD
Wise (if use IBKR you gonna use Wise to convert SGD anyway), I get around 1060.69USD
FSM spread is not that bad and almost on par with WISE per se

Wonder, can we convert 1 huge sum from RM to USD, then slowly/regularly FSM takes from there (the USD converted already) each time its time to invest. If so, can convert 1 shot when the exchange rate is good. Not sure how it works for FSM
I think have to see what funds you invested. If there's China funds or reit funds, then can understand the red figures. 

Err...getting confused. You are converting to USD1k+. How come suddenly got  USD390.88? Also why got processing fee USD3.8? I thought processing fee just RM1?

check in jap.

lost money in "managed portfolio" from FSM MY on "conservative portfolio". Don't know what crap they're investing in.. probably bonds before fed raise interest rates. lol.

.

I just sold my StashAway not long ago, all red. And bought SG bank stock. Best decision ever, i dont have to keep seeing those red, and the SG bank stock are green now. And at least i can get those cold hard dividend from bank stock, if they ever go red too.

Usually people will go for the 3 main bank. DBS, OCBC and UOB

I bought UOB and OCBC, cause not enough for DBS that time.

Hi Peeps,

Just would like to get a 2nd opinion

Nearly all my UT has recovered except 1 which are still in the red (China) UT

Considering that it was a slow and painful recovery pre/post Covid, i am now considering to sell all my fund with the war impending.

Appreciate some thoughts or debate on this.

Thanks

Thanks for sharing.

Do advice if there are any other vehicles which does provide a better return than UT.

because investing in unit trust is the easiest and brainless way to invest, there is noone to blame except the fund manager .

Appreciate your help in providing examples. But after decades I too have come to understanding that Mutual funds are few and far in between in those able to outperform indices.

1.Principal Islamic Tech-  A very short tenured fund - track record is uncertain. Purely from a returns perspective, yes outperforming index. But frankly you buy any Mag 7 in a basket and you will outperform from 2022 onwards. It was a greatly timed opening. Not to mention the fees you pay Principal for helping you buy the exact same thing from Franklin templeton for much much less fees. This fund is a great rent seeker.

if you want another example - United global tech fund. Super outperform Nasdaq / SPY500 during launch but now is stagnant. Same as ARKK.

2. TA global tech - A favourite, but again just the equivalent of QQQ over 3 years and 5 years and 10 years.

Unless you are looking to trade your unit trust after a year which is weird since you pay what up to 5% in fees, it washes away all your small gains.

Holding it long - you pay 2% fees every year which again cumulates to a lot of fees.

Nooo. That one is special for Moomoo sg only. I think tiger also got access. You cannot open moomoo sg as Malaysian anymore.

FSM earn 0.20% pa. Panai.

Now that Wise increased their transfer fee for ACH (USD local to USD international), if FSMOne do let us access LSE ETF (to avoid paying 30% WHT), it wouldn't make much sense to use IBKR anymore...
Furthermore, after doing currency conversion MYR > USD > MYR, it seems like Wise only a tiny bit cheaper than FSMOne.