Sounds like your promo period ended for your earlier RSPs.
QQQ RSP was probably started later than your VOO and SMH during a different promo.

This post has been edited by thecurious: Jan 18 2025, 01:15 AM

Don't bother. You get better rates with Tiger or Moomoo sg. Don't bother with Moomoo MY.

Just use IBKR. Don't give FSM the chance to charge you additional fees.

There was another promotion in 2024 to extend the 0 processing fee till end of 2025. I probably shouldn't have made the assumption that promo covers existing RSPs even though FSM had similar promotion in 2024 which covers existing RSP.

https://www.fsmone.com.my/funds/research/ar...-details/296380 - 0% processing till end of 2025.

https://www.fsmone.com.my/funds/research/ar...-details/277900 - 0% processing till end of 2024 which covers existing RSP.

Both T&C are the same, even though both promotions did mention "The promotion is only valid for new ETF RSP subscriptions.". However it seems like the promotion in 2024 covers existing RSP and 2025 would not cover existing RSP. Should have terminated and re-subscribed the RSP .

Anyway, even with the processing fee and MY stamp duty, it's still 0.2% of the cost with I think it's still acceptable for me and I think it's still lower than many other MY authorized platform.

Anyone know how much momo's fee is in % for every RM1000 RSP? Is it lower/higher than 0.2% per RM1000 investment?

This post has been edited by Sitting Duck: Jan 18 2025, 03:08 PM

Anyone received FSM angpao already this year?

i received mine yesterday, nice koi design

https://www.fsmone.com.my/funds/research/ar...-details/314362

no more ang pao from FSM as i've withdrew all my funds from them.

Sarawakian here. I'll always receive them AFTER CHINESE NEW YEAR FOR THE PAST THREE YEARS.

Emailed them to complaint they sent me a second batch WHICH ARRIVED AFTER CHINESE NEW YEAR WITH THE ORIGINAL BATCH

I wonder if they can send from their Sabah branch office.

This is the result of competition. You can never imagine a month long of 0% for so many products few years back.

Even in Klang valley, I receive like few days before CNY. So imagine if post to East Malaysia.

they always have month long of 0% on jan every year


updated:

seems like this year promotion is really longer than few years back

This post has been edited by zebras: Jan 20 2025, 12:14 PM

Ever since people are more aware of investment brokers like ikbr and moo moo, they have shifted from UT to stocks to ETFs.

No brained FSM is now facing competition

nevertheless, it is good for investors,
very little US UT that beat US ETF,
should invest in UT on malaysia or emerging market for equity
and in ETF for US equity

I only use fixed income for fsm and switch the fund out for sspn and prs to maximize returns via tax relief.

KAF core income seems to be focused only on domestic stocks and is doing very well. Any views about KAF core income’s prospects in 2025?

While waiting for responses on,
"Since KAF core income seems to be focused only on domestic stocks, then what are the views of KAF core income’s prospects in 2025?"

I googled "malaysia stock market performance prospects for 2025 prediction"
https://www.google.com/search?q=malaysia+st...le-gws-wiz-serp

Not sure about 2025 prospects, but I bought KAF Core on July 2024. It's -5.5% so far for me

seems like LSE ETF RSP is coming this year

Thanks for the update. Finally can switch from buying VOO to CSPX.

I think it's LSE ETF only, not LSE ETF RSP. My last check last year was that LSE ETF RSP is not available on SG Fsmone yet