maybe and hopefully this event can help you decide .....

WHAT & WHERE TO INVEST 2022
22 Jan 2022 , 10AM - 4PM

more details on topics covered and registration,...
https://www.fsmone.com.my/wawti-2022

QE is still on going but on reducing bond buying total monthly

Equity’s will still goes up but on still on slower growth don’t expect blockbuster double digit gains anymore

If your equities are making take profit and keep your base while using the profit to generate dividends on those value/cyclical funds

If your are not worried at all of risk just keep those performing funds

+1

i had the same though as you too.

but where to move the extra funds to ?

So many dividends funds around you just need to do your due diligence

Check Yr letter box, for possible FSM Ang pow envelope inside

Hopefully Ang Pow with CASH

please wake up from your dream.

Before reaches you it wil be stolen for sure

Better off getting extra dividends, 0% sales charges or extra units in account instead

Hey guys I'm planning to use FSMOne to purchase some ETFs. I know IBKR is lower transaction fee, but if I'm making trades around RM10,000, the USD8.80 feels like it's an acceptable tradeoff for the convenience (no need open overseas account and do Wise to IBKR etc.)

Or are there other better local platforms available?

strictly talking about local SC-approved platforms, FSMOne seems to be the best option (disclaimer - I haven't started myself yet because i'm waiting on Rakuten Trade, more on that later).

MIDF Invest is a close competition (USD8 for <USD 1,000/trade) but the rating on Google Play Store suggests that the interface is quite buggy.

Very far in 3rd place are the bank-related platforms like HLebroking & Maybank which has a USD25 min trading fee

Rakuten Trade is introducing US trading on their platform really soon so i'd wait for (hopefully) a more competitive fee structure from them before settling down on FSM.

This post has been edited by encikbuta: Jan 11 2022, 04:09 PM

Thanks that makes sense, I'll wait for Rakuten trade's offering before making a decision! Will watch this space: https://www.rakutentrade.my/fees

Just wait for these few days as news about fees will be about then

Be prepared to pay extra for stamp duty as compared to buying through IBKR

Hi guys,

Under the Domestic Ringgit Borrowing declaration, should I choose YES or NO?

Thanks.

according to BNM,

3. If a resident individual has more than one (1) housing loan or vehicle loan,
is the resident individual deemed as having domestic ringgit borrowing?
 Yes.

Note:
 Domestic ringgit borrowing refers to any borrowing in ringgit obtained by a resident
from another resident excluding one (1) housing loan and one (1) vehicle loan.

more ....
Frequently Asked Questions (FAQ)
Investment in foreign currency asset by a resident individual
https://www.bnm.gov.my/documents/20124/6036...rency+Asset.pdf

edited: highlighted some metric criteria to let people see clearer and hopefully they can avoid telling others the wrong info

This post has been edited by MUM: Jan 13 2022, 12:42 PM

for FSM One US stock trading, can we do it by using app?

If you have any loans being serviced then it yes

Yes you can but need to make sure deposit and convert your cash account to USD 1st

Is there any fund in FSMone that do inverse S&P 500? Something like put option/short. Profit when S&P index goes down

This post has been edited by mois: Jan 13 2022, 11:51 AM

Not sure abt inverse etf of s&p500 in fsm, but I read fsm mention abt inverse etf (for klci) just few weeks ago in an article titled,
"Want to hedge your portfolio amid market volatility? Consider this inverse ETF"
https://www.fsmone.com.my/etfs/research/art...s-inve?src=etfs

Ok thanks. May I know what is the consequences of ticking "YES" (tick YES to be safe, even though might not have)?

I only have ONE housing and car loan. Supposedly not qualified for "YES"?

"IF" according to this article by BNM
https://www.bnm.gov.my/documents/20124/6036...rency+Asset.pdf

From FSM FAQs
https://www.fsmone.com.my/support/frequentl...tUniqueKey=2665
https://www.bnm.gov.my/fep

not sure about UT trusts or investments with FSM,...but i think i did read in Stashaway thread,....some investors mentioned that they were given British pound currency a/c instead of the usual US currency a/c.,...when they had "ticked" as having domestic ringgit borrowing

This post has been edited by MUM: Jan 13 2022, 06:40 PM


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