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 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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adele123
post Mar 30 2022, 09:05 AM

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QUOTE(GamaX320 @ Mar 30 2022, 09:04 AM)
bought prs from fsm are entitle tax relief?
*
yes. the PRS provider should send you a separate statement to confirm anyway.
adele123
post May 6 2022, 04:59 PM

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QUOTE(george_dave91 @ May 6 2022, 03:10 PM)
Hi guys. What do yal think?:

Scenario:

Target allocation
Equity fund A (25%)
Equity fund B (25%)
Equity fund C (25%)
Equity fund D (25%)

Top up 100 monthly

Current allocation
A 20% (loss -5%)
B 20% (loss -5%)
C 30% (loss -10%)
D 30% (loss -15%)

Would it be better to top up the 100 in the fund that has fallen from your target allocation (A/B) or top up on the fund with the biggest loss to average down (D)?

*Assume all are good funds just going through a bad period.

Just a hypothetical question.
*
It depends on how much you want to stick to this 25% for A B C D. If you strongly believe in this asset allocation then you should try to restore it back. Your hypothetical example abit flawed. If C D, drop more, then the allocation should be < 25%.
adele123
post May 29 2022, 12:38 PM

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QUOTE(melondance @ May 29 2022, 01:31 AM)
May I know, is the sales charge cheaper if you sell thru RSP? But cannot instantly sell right? Have to wait specific day of the week?
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There is a note when you sign up for RSP for the ETF. you need to inform FSM to sell odd lot. but if you own board loan, then no problem. you just sell like normal. so means you are subject to that higher "sell" brokerage because it's HKD50 / USD 8.8. no information on how they sell the odd lots aside from just informing them before 15th of the month.

i'm curious how all these works too



adele123
post Mar 22 2023, 08:23 AM

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QUOTE(coolguy99 @ Mar 22 2023, 07:38 AM)
I have one bond fund with them, but not the one mentioned in the news. Should I be worried?
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Can take up the annual report or other documents for the fund you hold. It should state what bond they bought.

Since CS is overseas, in theory, if your bond fund is local only, then should be dont have. But if it's mixed of local and foreign then dunno le.

I suspect those 2 bond funds affected are for HNW customers. Suspect only.

This post has been edited by adele123: Mar 22 2023, 08:24 AM
adele123
post Jul 7 2023, 10:51 AM

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QUOTE(ccschua @ Jul 6 2023, 10:14 AM)
currently fsm pays 3.5% for parking facility, isnt this is better than putting in the bank saving account earning a miserable 0.5% ? what is the catch of parking facility in fsm.
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the catch is
1) it takes about 2 business days to withdraw from FSM
2) it's not protected by PIDM

if both are fine with you, ya, it's ok. it is not bad when compared to bank savings account.

there are other options similar to the parking facility as mentioned by someone else, with slightly better returns.

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