job creation for the jobless.i call time wastage someone else call time usage. what to do. one day trip to sg to generate rm20...

Forget about me tavelling. That's my choice.

The topic is what are you guys going to do if they remove the sales charge and start charging platform fees. Keep in mind that's how FSM SG started. First 2% SC, then insurance, start cutting SC, then implementing platform fees for everything.

You do know that many companies in the world moves away from one time charge to anmual charge? (microsoft, Adobe)

Up to you guys. You guys prefer to give free money to FSM every year, be my guest. I will not pay them platform fees if I can help it. Platform fees might be negligible but it's still cost and cost adds up over time. Like a drop of water can fill a pail over night. Maybe FSM MY should do away with service charge and start implementing platform fees for all funds? That's a nice idea. Recurrent annual income. Don't need to do anything, sit back get money from your customers. Guaranteed cash flow annually.
FSM charge you 2% for equities. 0% for bond but they have platform fees of 0.04% per quarter which this few pages have been about.

Some say platform fees of 0.2% is negligible but up to you. For me, 0.2% is still profit over time.

We malaysians don't have access to low cost index fund. Only choose low cost index fund if available funds cannot beat the index. Otherwise, choose funds which can beat the index.

Where to check the index?

To be fair, the part on travelling to SG to save some TT charges, is his personal choice. I don't think too many people who chose to open trading account in SG will take that route, ie one can still perform trading of SG stock/unit trusts without travelling to SG.

What index fund you are looking for? All ETFs are traded on exchange. Depending on what ETF are you looking at and in what currency, you can check them out via Google finance/Yahoo finance.

You can try Bloomberg if you want to see the index.
Eg. MSCI AC Asia Pacific Index

For ETFs, just google the ETF.
Eg iShares MSCI Pacific ex Japan ETF (this is the one is traded in the US which will cost 30% tax on withholding dividend)
Eg iShares MSCI Pacific ex-Japan UCITS ETF (this one is traded in the UK which with only 15% withholding tax)
xuzen, puchongite the savings is actually higher. I am being too humble  The savings is about x% (single digit) for each trip. And no I don't go down there just to avoid platform fees. There's totally wasting time and money If you have the choice between not paying platform fee and service charge vs paying for platform fees and not the service charge, why choose the latter.

What is the definition of beating the index?

Based on the MSCI AC Asia Pacific Index, if in 2008, my portfolio is -30%, do i still consider beating the market?

And how about Malaysia Index, where can we check that so that we can compare it to Asia Pacific Index?

Thanks 

Eg of beating the index


Eg of not beating the index


For Malaysia (Taken from Bursa Saham)

hi guys, may i know is there a page in FSM website that states all the costs for investing via FSM? I am reading a book currently and the author recommends low cost index funds over mutual funds for the reason that mutual funds often possess a lot of hidden charges.

Off-topic warning 
aiya - when i was younger & stupider (now still stupid but then was stupidER ), more crazy stuff to "save $" but paid in time/health/relations

the young-uns will learn - sooner or later, there is a "price" to be paid for everything.
nothing is free in this world, except maybe your parents' love/care (note the "maybe" heheh)

He is more worried of being taken advantage of by the other party even though the business transaction is beneficial to both parties.

The kiasu person would rather bypass the net benefits he would get and not let the other party gain anything if he perceives that the other party is gaining it at his expense.

so if we do away with the platform fee or whatever fee, who's going to pay for fsm staff pay, their server maintenance, their security upgrades, their promotion and events. if they don't earn anything from our transaction just tutup saja. there is no free lunch on this planet.

that's why I always give tips to waiters when there's no service charge because I came from a dirt poor family. I KNOW what if feels to be below the rung of society. what harm can you do by sharing part of your work/service/clientele to people serving you?

it pisses me off when cheap skates thing they deserve free lunches just because they are your customers.

yup, they are entertaining kopitiam posts. 

Keep on defending... no travel cost involved lar, since going to Sing anyway.  That's what folks used to say: "Did not fall down, just bending down to pick some sand.

It is a 0.05% per quarter fee and it is calculated daily. Can earn back in 2-3 days as a bond fund could easily have a daily increment of 0.02%.

Also the platform fee was implemented as they took away the service charge of about 1%... it was a cost reduction, and it is appropriate for those investors with very, very short term objectives.

============

Kiasu mentality

Kiasu literally means 'scared to lose'. But it actually means scared to lose to another party.

A kiasu person will have difficulties in forming partnerships or joint-ventures unless he has the lion share, as he is more concerned about the benefits the other party would gained rather than the benefits he could gained in the business partnership or in any other business transactions.

He is more worried of being taken advantage of by the other party even though the business transaction is beneficial to both parties.

The kiasu person would rather bypass the net benefits he would get and not let the other party gain anything if he perceives that the other party is gaining it at his expense.

I think they still earn AUM fee from various fund houses based on their total AUM from us?

Er how about long term then? Say 5-10 years? 

LOL. Now you are trying to pretend you learned nothing after lepak so long in this forum...

You were the one who give advices to newbies that you learned a lot from forums and don't have to read books...

So what is it? You still newbie or a OKU moron with learning disability?

I think you better stick to those fix-price funds with zero anything fees.

===========

BTW to the other students and yet-to-join-the-rat-race in this forum, why PRS ???

BTW to the other students and yet-to-join-the-rat-race in this forum, why PRS ???

LOL. Now you are trying to pretend you learned nothing after lepak so long in this forum...

You were the one who give advices to newbies that you learned a lot from forums and don't have to read books...

So what is it? You still newbie or a OKU moron with learning disability?

I think you better stick to those fix-price funds with zero anything fees.

===========

BTW to the other students and yet-to-join-the-rat-race in this forum, why PRS ???

  for the Rm500/RM1000 gov allocation.. 

No no. What I meant is for those long term people with bond allocation since you said platform fees is for short term people. So what about those long term people holding some bond funds. What choice do they have? Takkan want to switch all to equities meh? 
Correction. Plus for RM3k tax relief. You want to pay less income tax, then buy PRS.