Hi Sifus,

I have few doubt and hope to get answers from the experts:

1. I read before somewhere in the thread saying that if IFast/FSMOne go bankrupt, our funds will go back to the fund house. Is this term written in any of IFast/FSMOne policies?

2. Assuming no. 1 is true, what will happen if now the fund house/bank go into bankruptcy?

3. In any financial report of a fund, under the list of equities, the quantity invested in each companies, e.g. Gamuda Bhd 2,092,300; what is the 'unit' of these quantity? How can we translate that to the actual shares/lot of that company?

Thanks in advance.

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Received an email from FSM on RSP promotion for ETF.

"Dear Valued Investor,

Great news!

We're thrilled to announce our latest ETF Regular Savings Plan enhancement and a 0% subscription fee promotional campaign from 28 July 2023 to 31 December 2024, making it more rewarding to invest with us."

I wonder what is 0% subscription fee? Isn't it always been 0% subscription fee for RSP.

I've been RSP'ing into VOO for the past year about RM1000/month. I only know there are these fees for RSP ETF:

1. Processing Fees (USD 1.00)
2. MY Stamp Duty (USD 0.22)

I don't think these are "subscription fee". Any idea?

1. Processing Fees (USD 1.00)

this is the subscription fee, i just got the answer from their customer service.

it mean ETF RSP will be 0% processing fee until 31 Dec 2024



This post has been edited by zebras: Jul 28 2023, 04:13 PM

Thanks. I tried to get in touch with their customer service but couldn't get through.

So this is only applicable for new subscription to ETF RSP and not existing one?

I'm thinking to stop RSP to VOO and start a new one to QQQ to take advantage of the promotion.

I recall QQQ and VOO are almost similar.

Is this promo for everyone or selected customers?

In the fsmone my website, under FAQs
https://www.fsmone.com.my/support/frequentl...tUniqueKey=2900


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Nice, seems like after 31 December 2024, there is no more minimum of 1 USD fee for ETF RSP. It is flat 0.08% now.

They also included AGG, SCHD, URTH ETF into RSP list.
https://www.fsmone.com.my/rsp

This post has been edited by melondance: Jul 29 2023, 04:08 PM

Probably preparing to fight the entry of Moomoo soon in terms of transaction cost

Just reached out to FSM CS and I was informed that existing ETF RSP would also enjoy this promo of 0% subscription fee.

I'll keep my RSP to VOO for time being and start RSP to QQQ once I have hit my target for VOO.

The 0.08% processing fee is also something wonderful as well. Based on my calculation, the overall cost for investing into ETF RSP would drop to about 0.25%, which is cheaper than UT.

However I'm doubtful it would really be 0.08% without any minimal amount. Maybe they just forgot to in that page.

This post has been edited by Sitting Duck: Jul 31 2023, 07:48 PM

can I know if fundsupermart share trading platform is competiive compared to M+ or Rakuten ?

can I transfer the shares from my existing broker to fsm ? each share pay RM 1 for transfer ?

Spore fsM offer sell via CDP .

This post has been edited by ccschua: Aug 1 2023, 09:26 AM

u can do a quick comparison with google sheet
and it depend on what exchange u trade on and what is ur trade amount

If it's really 0.08% flat. That would be nice haha.

Based on my latest RSP of RM1k / USD214.65, the only fee charge was MY Stamp Duty of USD0.22 (0.1x% fee) which is awesome.
Exchange rate was about ~4.65 on 15th of August.

On another side note, got an email from FSM about "AmAsia Pacific REITs".

"The purpose of the Unit Holders’ Meeting is to change the income distribution policy of the Fund to allow the Fund to declare distribution out of its capital and that FURTHER the Manager and/or the trustee of the Fund shall be authorised to do all such things necessary to give effect to the change of distribution policy of the Fund in accordance with the relevant laws, guidelines and the provisions of the Deed. "

Isn't this something that's bad for the fund that they are paying dividend even if the fund isn't performing?

I’m not investing in any mutual funds from Malaysia. Bloodsuckers…. Seriously.

Looks like the revised SC's definition is as ....

"distribution paid out from net realised capital gains
and
net realised investment income brought forward
is considered as
distribution out of capital."

This post has been edited by MUM: Aug 21 2023, 10:49 PM


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Hi, may i know how is the fees compare to IBKR for RSP of ETF, i.e. QQQ ETF

Won’t be cheap because you are paying upfront 2% FX spread 🤦‍♀️ the fees will be cheaper while they earn back from FX spread

I don't think its as bad as 2% currently. But you may check again.. Wise & IBKR transfer isn't that great too nowadays MYR to USD has variable fee of 0.68% and USD to MYR has 0.61%.

Currently, you convert RM > USD > RM in FSMOne, RM1000 turns into RM987. (Conversion only as no USD transfer is involved)

In Wise, RM > USD (Transfer), then USD > RM (Conversion), RM1000 turns into RM985. (without covering incoming Wire fee into Wise)

Even with Wise or FSMOne at those rates above it is already 1.3% minimum 🤦‍♀️ as you shouldn’t use Wise to transfer but instead use SGD route instead