Eh? I thought processing fee would be 0% until end of the 2024 or all new and existing subscriptions. Based on the picture, seems like new subscriptions after 30th September would no longer enjoy the 0% processing fee 

Edited: Just spoken to FSM customer service, and got this reply "The promotion will only applies to those ETFs that you have applied earlier. Those after the campaign will not eligible to the 0% processing fees".

So it applies to ETF RSP applied earlier, which is awesome 

Anyone has any other good ETF under RSP list to recommend apart of VOO?
I was thinking to add SPY or QQQ but both are almost identical to VOO.

How about arkk and arkf? Or the lady boss is just full of hotair?

Anyone know what does the 0% ETF RSP entails to?

Normal charge:

0.08% processing or min USD3.8 - is this waived?
0.08% processing or min USD 1- is this waived?
Rm1 for every 1,000 contract value- if I RSP RM200, how much is the stamp duty

Thanks bro. Have you compared the latest ETF promo from FSM vs IBKR in terms of the fee?

Assuming I have 500 to be DCA into VOO every month, is FSM the cheapest way ATM?

yea. i believe the reason they're diversifying so much into other areas like bonds, stocks, ETFs, insurance coz unit trust funds tak laku already. anyway, i don't really care. personally, i'm getting older and just prefer something more steady like EPF. all the other excitements from the ups and downs of investments, can leave to those kids/teenagers. 

Has anyone used Bond Express to purchase bonds before? How's your experience?

In the case of coupon payments, will they be sent to FSM cash account or direct bank transfer? How soon are these payments effected?

1. How long to cash out to bank account?
2. Any interest rate earned on cash balances?
3. Can set instruction to automatically trf to bank account?

Hi may I ask about the bond platform fees of 0.045% per quarter.

I just purchased a bond today. I see that the platform fees are notified on 15th of the quarter month (in this case October 2023) and then charged on the 25th.

Will I need to pay platform fees this time then?

What happens if got zero money to pay the platform fees? They will do forced selling?

Nothing 🤦‍♀️ compared to KWEB, MCHI or FXI

The cheapest way is still ikbr through Irish domiciled etf. Non Americans who don't have tax treaty with America get 30% tax on div. Irish domiciled get 15%

You need to calculate properly because it is still 0.08% 🤦‍♀️ rm1 is just a bait only

Don’t factored in cash conversion only 🤦‍♀️ factored including the final cost of trading instead as it will be higher 🤦‍♀️
Red figures for managed portfolio not due to China or REIT 🤦‍♀️ the whole entire portfolio selection is horrible because horrible funds that they pick which underperforms badly particularly China and US funds 🤦‍♀️ the only one which is still green is their bonds and healthcare funds which constitute about less than 20% of entire aggressive portfolio

Processing fee is not fixed 🤦‍♀️ it is starting at rm1 and it goes up based on trade amount

https://secure.fundsupermart.com/fsm/cash/f...-exchange-rates

No need to compare as it is already at least 1% 🤦‍♀️ higher live rates 🤦‍♀️ and no doubt it impossible to be lower than Wise

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

Yes but conversion fee is not high as FX spread 🤦‍♀️ which ranges from 1.5% upwards

It seems like Wise does successfully 'trick' people by offering better rates, but incorporates the margin into the fee layer 

for FX, people need to understand that the simplest way of comparison is how much you received after conversion, not merely about the rate itself.

Don’t forget FSM will used that method 🤦‍♀️ to incorporate other fees which many don’t realised as well as it is still cheaper to buy in IBKR