hahaa this one I agree.
invest 1k USD everymonth without fail for 30 years. that's the important part. I'll pay the fees and let someone else do the work for me while I go fishing.

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.

plus the transfer fee out from wise

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

then just use their ETF RSP which is only RM1 or 0.08% now, noone force u to pay for other fee

Have you factored in the other fees 🤦‍♀️ which is stamp duty which you have to pay for no reason because there is no stamp duty buying in IBKR

yeah, i agree with you on the point that FSM still charges the stamp duty despite with its ETF RSP offering, which might make it less competitive
but let not stray from my main point.
I was just amphasizing about misleading "rate" presented by WISE, which it gives the wrong impression of offering a close-to market rate without any fee/spread.

if you have Wise, you can try it out.
You dont get to see the charging of their fee on their landing page until you log in and start converting, people tend to just use the landing page rate to compare against others players,
which is not a apple-to-apple comparison

It mislead people into thinking that WISE rate is much better but in fact the margin and spread are just being presented in another form

anyone going?

https://www.fsmone.com.my/wawti

Nothing to special to go 🤦‍♀️ basically it is just marketing and most of the funds are underperforming still in the current market 🤦‍♀️

my epf fund investing in KAF core income fund returning 27% this year

This post has been edited by zebras: Dec 13 2023, 02:57 PM

if now go in would it be too late?

Already kena by Affin Hwang World Series - Global Disruptive Innovation Fund 2 -3 years ago. Still thinking whether to continue hold or switch fund.

This post has been edited by virgoguy: Dec 13 2023, 04:41 PM

Go to the event to find out? I saw kaf fund manager is in the speaker list.

Global disruptive fund feed into ARKK ETF, I wouldn’t invest in that

This post has been edited by zebras: Dec 13 2023, 05:00 PM

Hi sifus,

I have a question about the platform management fee calculation.
Based on the link, it says 0.5% per annum, charged on quarterly basis.
https://www.fsmone.com.my/managed-portfolio...et-started/fees

So for one quarter, wouldn't it be 0.5% / 4 = 0.125%?
According to the invoice, my best performance fund is AmBond.
If I have 1883 units, then how fsm come up with this number?

While waiting for responses, from your provided link, i found this. Hopefully it can provides you with some added info, while you wait for value added responses.
Under FAQs:
How do I calculate Portfolio Management Fee?

This post has been edited by MUM: Dec 14 2023, 06:19 AM

I have reached out fsm contact person and cleared out my misunderstanding.
It is calculated based on the portfolio value, then the management fee will be deducted from the best performing fund after converted into unit.
In a simple manner: portfolio value * 0.125%
In the correct manner: sum of (portfolio value per day * 0.5% / 365) for one quarter

This post has been edited by mastermindsos: Dec 14 2023, 12:17 PM

At least they improve 5 year track record but before 2018 was bad

At least you recover a bit but still lose 2/3 from ATH 🤦‍♀️

ya still losing -65%. That why I am still thinking whether it is worth to hold on or just switch it out for other fund

If you can be patient why not because ARKK should be recover give it another 10 years

At least they did recover this year but your timing seriously buying at the high

You could sell it and DCA into one of those ETF in the likes of VT or VOO. Might make more money even after paying 30% WHT on dividends. Unfortunately they don't sell VWRA or CSPX.

The most promising sectors and markets to invest in 2024

https://www.fsmone.com.my/funds/research/ar...-2024?src=funds