QUOTE(Steven7 @ Mar 17 2017, 04:12 PM)
Hi guys was wondering where should I park my MYR as I currently am working in SG and has already a FSM SG holder subscribing to their robo-advisory service. But I still have quite a bit of MYR left in the country and not considering converting it to SGD due to the bad rate, but was wondering should I throw in to FSM MY and bear the 2% SC (which FSM SG has 0% SC) or is there any better option?
Note: Not bumiputera, else would throw all in to ASB.
Answer to your note - There are ASx funds that allows non-bumi to invest in, they are usually fully subscribed but you can still try your luck to place your orders. Especially now there's online portal to do it. Look for the Amanah Saham thread and the folks will guide you accordingly
As for FSM MY, personally I'd go for it. Yes, they charge one off sales charge for equity funds, but that means no platform fees. So long run it can work out to be cheaper. There's also switching ninja trick that makes sure you only pay sales charge once for every ringgit you invest in equity fund. but it's tedious la
Unfortunately FSM MY does not offer robo advisory yet, so you will need to figure out what fund you want to invest in and buy them accordingly. There's a list of favorites among the forumers here. Crystal ball's prediction is particularly popular. I can list you mine too but I take no responsibility if you lose money following my recommendation