How to get the angpau
FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D
FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D
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Feb 5 2024, 12:20 PM
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#30641
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209 posts Joined: Mar 2013 |
How to get the angpau
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Feb 10 2024, 02:37 PM
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#30642
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1,617 posts Joined: Mar 2020 |
QUOTE(Sitting Duck @ Sep 5 2023, 10:18 PM) I'm happy with FSM and i feel that the fee is reasonable compared with UT (not IBKR). Thanks for sharing your experience.I have no bad experience with FSM customer service nor ETF RSP. Only thing to take note is probably there's a fix schedule monthly to sell partial unit (unit less than 1). and make sure you have sufficient fund in the cash account for the RSP. I think the 0 processing fee is only applicable to buy orders and not sell order. Not sure anyone has any info about fees when selling. Started RSP to VOO in May 2022 with RM200 then slowly increased to RM1000/month. So far the return is about 12% (note that the market was really good since June 2023). Btw, this is my own experience and not financial advice to invest. I'm not an expert nor certified financial planner. Just a small duck trying to save as much as possible for golden years. Thanks for advice. Probably I'm just lazy to go through the whole process. Now that there's FSM, I'm happy with FSM for now. Will explore IBKR in the future if FSM disappoints me. For now I don't want to deal with a foreign investment company and I feel safer with FSM since FSM is regulated in Malaysia. VOO has dividends right? Does FSM charge for the dividend handling? How much do they charge if there is? |
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Feb 10 2024, 08:36 PM
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169 posts Joined: Apr 2018 |
QUOTE(thecurious @ Feb 10 2024, 02:37 PM) Thanks for sharing your experience. FSM does not charge for US ETF Dividend Handling. but there is 30% Dividend Withholding Tax (WHT) by US IRS.VOO has dividends right? Does FSM charge for the dividend handling? How much do they charge if there is? CommodoreAmiga, LoTek, and 2 others liked this post
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Feb 12 2024, 07:19 PM
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4,966 posts Joined: Nov 2008 |
https://www.fsmone.com.my/bonds/ipo/factshe...reLaunchId=3740
Indicative Price / Yield 5.30% area Tenure Perpetual Years to Next Call 4Y 9M Min. Investment (Nominal) MYR 25,000 Only bought bond funds before. First time looking at bond express. Any opinions in this ? It's 2% PA higher than money market. Thanks. This post has been edited by GregPG01: Feb 12 2024, 07:20 PM |
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Feb 13 2024, 09:37 AM
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#30645
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1,362 posts Joined: Sep 2013 |
QUOTE(GregPG01 @ Feb 12 2024, 07:19 PM) https://www.fsmone.com.my/bonds/ipo/factshe...reLaunchId=3740 It’s unsecured. You sure? For high yield unsecured, I’d go for a diversified fund or etf. Secured or first lien then ok. Indicative Price / Yield 5.30% area Tenure Perpetual Years to Next Call 4Y 9M Min. Investment (Nominal) MYR 25,000 Only bought bond funds before. First time looking at bond express. Any opinions in this ? It's 2% PA higher than money market. Thanks. |
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Feb 21 2024, 02:26 PM
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703 posts Joined: Jun 2010 From: Kuala Lumpur |
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Feb 21 2024, 05:43 PM
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169 posts Joined: Apr 2018 |
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Feb 24 2024, 11:10 PM
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51 posts Joined: May 2008 |
If I were to sign up for RSP, will I still be charged on processing fees for ETF?
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Feb 25 2024, 07:28 PM
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#30649
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2,429 posts Joined: Jul 2007 |
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Feb 27 2024, 08:49 AM
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302 posts Joined: Mar 2010 |
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Feb 28 2024, 10:35 AM
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820 posts Joined: Aug 2006 |
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Feb 28 2024, 03:40 PM
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473 posts Joined: Jul 2006 |
QUOTE(woolala @ Feb 24 2024, 11:10 PM) https://www.fsmone.com.my/funds/research/ar...-details/281500The processing fee is only MYR1 for every RM1000, which is 0.1% fee if you invest RM1000 lump sum each RSP. I don't think there's any platform lower than this at the moment. There're some cons using RSP or using FSM as pointed by other sifus. I'm unsure about the fees impose when selling. So far I've not sold any of my ETF yet. Whether these fees and others applies (https://www.fsmone.com.my/etfs/get-started/stock-fees): 1. Processing fee 2. Stamp Duty 3. Exchange Trading Fee (SGX, HKEX) / Exchange Trading Activity Fee (US) 4. others? |
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Mar 11 2024, 11:37 AM
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302 posts Joined: Mar 2010 |
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Mar 11 2024, 03:12 PM
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124 posts Joined: Jun 2007 |
QUOTE(Sitting Duck @ Feb 28 2024, 03:40 PM) https://www.fsmone.com.my/funds/research/ar...-details/281500 Looking for some advise. I want to start putting money into VOO and VUSXX. Is FSM the lowest fees platform vs stashaway, versa, moomoo?The processing fee is only MYR1 for every RM1000, which is 0.1% fee if you invest RM1000 lump sum each RSP. I don't think there's any platform lower than this at the moment. There're some cons using RSP or using FSM as pointed by other sifus. I'm unsure about the fees impose when selling. So far I've not sold any of my ETF yet. Whether these fees and others applies (https://www.fsmone.com.my/etfs/get-started/stock-fees): 1. Processing fee 2. Stamp Duty 3. Exchange Trading Fee (SGX, HKEX) / Exchange Trading Activity Fee (US) 4. others? I dont mind manually purchasing it every month or quarter, but RSP sounds convinient. |
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Mar 11 2024, 04:47 PM
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Senior Member
1,315 posts Joined: Aug 2007 |
QUOTE(damien5119 @ Mar 11 2024, 03:12 PM) Looking for some advise. I want to start putting money into VOO and VUSXX. Is FSM the lowest fees platform vs stashaway, versa, moomoo? moomoo now having promotion as just launch. it should be the lowest for the next 6 months. haha Let me know if need moomoo referralI dont mind manually purchasing it every month or quarter, but RSP sounds convinient. |
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Mar 11 2024, 05:18 PM
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Junior Member
458 posts Joined: Mar 2005 From: home |
QUOTE(damien5119 @ Mar 11 2024, 03:12 PM) Looking for some advise. I want to start putting money into VOO and VUSXX. Is FSM the lowest fees platform vs stashaway, versa, moomoo? Been using the FSMone RSP buying VOO and VT since May 2022. I dont mind manually purchasing it every month or quarter, but RSP sounds convinient. The current RSP is just RM1 or 0.08% + Malaysia stamp duty. What I like fsmone is it is very easy to check the purchase history. Suitable for ppl to buy and hold like me. I also have IBKR sg, but it has so many thing, I dont really know how to use it brokenbomb liked this post
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Mar 11 2024, 06:53 PM
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#30657
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73 posts Joined: Jan 2003 |
QUOTE(buffa @ Mar 11 2024, 05:18 PM) Been using the FSMone RSP buying VOO and VT since May 2022. IBKR's recurring investment works similar to RSP, and it charged as low as USD 0.35. What I like about it is that it doesn't limit you to buy ETF, you can buy stock too.The current RSP is just RM1 or 0.08% + Malaysia stamp duty. What I like fsmone is it is very easy to check the purchase history. Suitable for ppl to buy and hold like me. I also have IBKR sg, but it has so many thing, I dont really know how to use it buffa liked this post
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Mar 11 2024, 07:28 PM
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#30658
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302 posts Joined: Mar 2010 |
QUOTE(lwlim @ Mar 11 2024, 06:53 PM) IBKR's recurring investment works similar to RSP, and it charged as low as USD 0.35. What I like about it is that it doesn't limit you to buy ETF, you can buy stock too. I think fsmone is convenient at setting up rsp into cash account from bank account so that I don even need to deposit cash manuallyJust set one time and forget it lwlim liked this post
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Mar 12 2024, 09:26 AM
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429 posts Joined: Jul 2022 |
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Mar 12 2024, 10:51 AM
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616 posts Joined: Oct 2008 |
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This post has been edited by virgoguy: Mar 12 2024, 11:53 AM |
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