may I enquire what bank you bought?

Don't forget FSMOne has the highest conversion rate amongst its peers eh. On top of their platform fees

I don't think there are platform fees for ETF or Equity Unit Trust

That is processing fee not platform fee right?
There is a separate platform fee for bond funds.

FSM RSP is actually RM1 + RM1 (stamp duty). that's U$0.42.

not just that, current S&P500 annual dividend yield is 1.27%. you are losing out on RM19.05 annual savings per RM10k if u picked USA-domiciled etf funds

There's RSP for VUAA in FSM Singapore or in fact any LSE ETF on RSP? I checked the ETF Focus List and i dont think i see VUAA is a part of this list.

pushing the thread, hows everyone in FSM doing nowadays?

I've been doing RSP for VOO, SMH and QQQ using FSM which allows me to purchase friction of a unit. The cost of RSP (buying) is about 0.1% per RM1000. The 0.1% includes every fees and charges.

Has anyone compare of RSP between FSM and Moomoo?
I think Moomoo also allows the purchase of friction on a unit.
Just wondering whether I should switch my monthly RSP to Moomoo if the cost is lower.

The fees structure listed in Moomoo website is quite complicated.
https://www.moomoo.com/my/pricing
1. Platform Fees (does this apply to fractional shares?)
2. Charges for Fractional Shares Trading
3. Stamp Duty (does this apply to fractional shares?)
4. Settlement Fees (does this apply to fractional shares?)
5. ADR Custodian Fees  (does this apply to fractional shares?)

Anyone can share the cost per RM1000 for fractional shares in Moomoo?

I also heard that Moomoo app is pretty good with lots of information and news. One of the reason why I am thinking of switching.

Thanks.

Hi all Sifus here,
Can some one advise me on this fund ?
"AHAM World Series - Global Disruptive Innovation Fund - MYR Hedged"
I am still holding 15K (rm) and facing " - 55%  " lost in my portfolio. I hold the fund for almost 3 years!
Shall i cut lost now ?  or  wait for better NAV ?  ( wonder this fund can perform or not ?? )

@ramjade Do you know what are some good UT right now available in EPF with high US exposure?

I know previously have global titans fund but not sure about right now

I recently tried FSM RSP, RM500 invested.

Currency conversion totaled USD111.01 (ETF including processing fee RM1 and MY stamp duty RM1) and refunded cash value USD0.21. Total USD111.22 for my RM500.

However, total investment (USD111.01) was shown as RM493.18. I'm wondering where the ~RM5 went.

Customer support said there are "currency exchange fees". Now, I don't mind that, but they aren't being very transparent about currency fees in the first place.

Anyone see the same thing?

To be fair, DIY IBKR via Wise will also see money lost to conversion and transfer fee.

How about ETF? I see quite alot of ETF available inside.

does this include ETFs on LSE?

ETF portfolio recovering.. should've top up more when tariff wave peak haha

If it does come, I will use it to RSP VUSD.
Will do calculation to compare FSMOne RSP to VUSD and RM > SG bank > IBKR >  USD > VUSD. See which one is cheaper.

Not all of your RM500 is invested into ETF on FSMOne. A small portion remains in USD and isn’t invested into the ETF, so it’s not directly comparable with the IBKR 117.71 number

This market is really competitive nowadays with so many trading platforms.

If they can earn enough from FX conversion rate, I think it is possible to offer free RSP. If not, RM1/0.15% whichever is higher will suit most people anyway. Some more they have office in Penang, KL and JB. The customer support is actually good as well.

I have used FSMONE in parallel with IBKR since 2021. FSM also offer instant withdrawal for RM and you can deposit with FPX.

Is it worth the extra hassle and a broker without local office just to save an insignificant amount of fees?

my first RSP through FSMONE. though the selling fee is ridiculously high but that should help me from selling it half way.

Can anyone explain how the 30% dividend withholding tax for US ETF works?

For example the ETF give me 100 usd in dividend but I'll only get 70 usd?

can i reduce or avoid it? any strategic tips?

thanks

jutamind use autosweep. someone calculated that for MYR cash auto-conversion to USD for RSP, FSM will charge you twice the forex fee compared to you manually converting to USD inside FSM