Will you be lurking at fbih forums from time to time n hopefully you will response when summoned.
Anyway thanks for your inputs n Yr guidance provided over the years..
I learnt alot from you too

China bond funds keep dropping, any speculation?

If its parking funds while waiting for next buy, isnt MMF safer?
Bond funds recently look unappealing, with much risk for little rewards.

Hi understand this is a Malaysia online forum but notice alot of discussion on fundsupermart. So I register to share and exchange opinions from each other.

I start investing with FSM when they first launched in Spore 2000. They only do buy/sell UT,ETF in their early days and also company has not IPO yet. Now year 2021 they have grown so much and do so many kinds of business besides UT,ETF.

As FSM long time customer, my lesson learnt is UT,ETF is really more for holding medium to long term and in between re-balance. You should be profitable provided you selected the right UT,ETF. It is not suitable for investor going for quick bucks which are more for stock/share, currency etc investment which can realize profits/losses super fast and I notice FSM also doing stock/share trading business nowadays too.

My investment strategy is CPF (aka Msia EPF equivalent) are for holding medium to long term. Cash I typically go for dividend paying UT. That means alot of UT,ETF is restricted for my case. Only CPF approved UT can I invest and only dividend paying UT can I invest.

Would like to hear from fellow members what is your investment strategy. EPF (for you all?) and cash. For Spore CPF invesment all profits goes back to CPF (until I can like a tortoise withdraw abit abit at retirement age 63?) so I tend to just switch profits to buy other UT,ETF never to realise. Cash I like the feeling to get monies every month so I target dividend paying strictly.

Lastly, keep safe everyone.

Then EPF work very similar (except you all can withdraw all out at age 55 ? we cannot monies die inside only can withdraw abit abit like monthly allowance) to Spore CPF. We have CPF-OA give 2.5%, CPF-SA give 4%. Minimum cannot invest is CPF-OA 20k and CPF-SA 40k. But 2.5,4 is definitely quite lousy so take monies out invest after meet 20k,40k cannot invest criteria.
YES almost similar,...EPF can withdraw all money you had inside if you reached 55yrs old, any additional money you have inside after age 55 can only be taken out at age 60.
they separate it into 2 a/c...1 is for age 55 and the additional one is called EMAS ...for age 60

My logic is UT I put X dollars it is X dollars worth of units. The quarterly platform fee kicked in later and by that time my UT already earn monies to pay. As for ETF it is upfront put X dollars take SGD 8.80 Flat Fee per transaction means upon buy I "lose" 8.80. Sorry to me 8.80 also alot haha.
the UT has annual management fees (af about 2% pa) charged by the fund house + the platform fees...
if to you SGD 8.80 is alot, i was wondering how much will the about 2% pa charged by the fund house will be in SGD? (every SGD1000 AUM will be SGD20??)

Understand ETF mgmt fees etc are very much lower than UT but I do research some UT do can outperform them so choosing the correct UT is crucial. I want to ask FSM Spore UT FSM Msia ppl can buy and vice versa? Because when I use FSM Spore fund selector I cannot see the UT you all mention in this forum so I think they are segregated?
YES they are separate, different entity...have to open another a/c with another country

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Actually for UT, the daily NAV price released is already net off all charges. So when we compare the performance we are already looking at those numbers without the charges.
IF everything remained the same,....if UT that charges you "invisible" 2% pa for the management fees + other fees gives you a returns of 8% pa that you can see,....
then if compared to another platform/vehicle that charged you 1.2% pa less for the management fees,...will the returns be more than your UT returns of 8%pa?


And with these numbers take to compare with ETF and if it still perform better means this UT is ok can consider.

Just recently I notice a UT that is like ETF that can be invested using CPF monies. Infinity Global Stock Index C SGD Annual Mgmt Charge 0.2%. It basically is a feeder fund into the famous Vanguard Global Stock Index Fund in US tech stock like Apple,Amazon etc that form the MSCI World Index. Then you may ask why not invest direct into Vanguard correct? Well as I say I want to invest using CPF and not a lot of UT are allowed to take CPF monies. Spore MAS has quite stringent criteria on UT that accept CPF monies.

Our Spore CPF contribution rate is quite high for both employer and employees in comparison to Msia EPF and that is why I keep wanting to use those CPF monies to invest rather than let govt take and invest and then return me the measly 2.5 and 4.

For cash I still prefer dividend paying (monthly, quarterly) UT (it may have lower returns) but as long as green color it is ok. I am retiring soon so every month got monies come in as dividends is better for me. The CPF monies stuck inside unlike Msia EPF can take all out.
can you take your EPF money to invest in Spore stock directly? can EPF money be used to invest in stocks?

I would like to ask what are the criteria you all will use to determine which UT to invest based on the fund factsheet url provided by FSM?

For me they are
- Included under CPFIS OA/ CPFIS SA, SRS (this is not applicable to non-Sporean I know)
- Fund Factsheet (this is impt becuz sometimes the fund name says Global XXX but you look into the pdf top 10 holdings all dominated by China,India,US companies)
- Fund Size
- Fund House (this is to see if there are other funds under same house so can do intra-fund switching easily in future)
- Geographical Allocation
- Fund Currency Denomination (is it USD, CNH etc)
- Launch Date
- Price History
- Fund Historical Price
- Offer to Bid Returns
- Historical Dividend/Frequency (this is not applicable for fund not giving dividend I know)
- Min Initial Amount
- Min Subsequent Amount
- Min RSP Investment
- Min Redemption Amount
- Min Holding

Was expecting answers ,...
............

.............

Someone told me the word Global is just a mandate given to the fund manager he can pick stocks around the world but he can buy 90% US IT stocks and it still satisfies the Global mandate. Same argument for Emerging Market. If that is the case, investors now need to be extra careful, do please peruse the fund factsheet in detail to know what you are investing into.

It's nice to see but I stop updating it coz it's a pain in the ass to manually update the country allocation each month.

My personal view is it is a factor but not the overall main dominating factor. Reason being typically for UT they do not just buy all the stocks that comprises of the index, if they do that then it is the same as ETF and yet they charge more fees? If that happen please just invest the ETF instead.

UT in order to outperform the index has the flexibility to invest in other stocks not inside the index and for some even invest in some high yielding bonds or other income generating instruments etc. This is why last time the some investor argument is UT is not an exact apple to apple comparison with ETF. UT need to do more work which translate to higher mgmt fees.

My past research indicates some UT typically follow 50-70% of the same stocks in the index. The remaining are in other stocks outside of the index and other investment stated above.

Again just to be fair to ETF supporters, there are quite a lot of under-performing UT throughout my 21 years of investing which can explain why ETF found many supporters over the years. The reason why I still have not entered ETF is in my earlier replies. CPF,dividend,fees criteria which maybe different for different investors. To also clarify, I have bought a few REIT aka dividend paying stocks just not ETF btw.

I think comparing ETF with UT is not a really apple to apple comparison. Perhaps ETF vs individual stock vs REIT stock is a closer comparison. They share the same fee structure each buy/sell pay fees, fractional aka odd lots selling etc.

I think I read previously,... Recent postings about poem sg or dollareex? (Now on hp not easy to google) try check it out?

I got about the same calculation as you indeed based on 0.0875%. If SC can go below 2% say 1.5% over 10 years yes SC fund actually better. That is why I say I use FSM Spore for my CPF funds (0% platform fee) and cash for dividend paying funds. Now dividend paying fund will be tricky as the url assume all get reinvested for easier calculation. If I set to 0.05% (300k above is this value) the SC must go lower to say 1% to be better. But now I have reached diamond tier so all this do not matter to me anymore.

Then stuff that cannot be so easily compared is the minimum initial investment of $100. This will be harder to compare but I get to spread out many different funds for the same X dollars in comparison to X dollars only on one fund. What if this one fund performance very lousy? The opportunity cost I incurred.

So when we evaluate an investment platform we cannot always just focus on fees purely alone. We need to factor in other features offered and if that is also attractive. Some of this feature is harder to measure and more dynamic in nature. Just to say I am not putting everything into FSM Spore as that will be very risky. That is why I still retain my poems and dollarDex accounts for future since now they improve alot.