Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

views
     
SUSTOS
post Jun 4 2022, 12:32 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(tadashi987 @ Jun 4 2022, 12:25 PM)
how you like the company? confident in it?  tongue.gif
*
B2C side sees competition from the chinese-backed brokers like Futu, Tiger, Webull etc with their aggressive marketing.

The only plus side for SG business is most Singaporeans/CDP account holders use FSM SG to sell their SGX-listed shares as it is cheaper than most CDP brokers in SG.

B2B side could see competition if the fund houses are able to sell more funds with other platforms (Tiger brokers, POEMS etc. for example).

I am counting on their digital bank business but they already failed in obtaining SG and Malaysia licenses...

Now focus on their Hk eMPF business for regular flow of cash first, then see how they execute their multi-year plan.

I already sold 100 shares earlier at 6.2x, still holding 100 shares at average price of 2.7x, so still have paper profits.


SUSTOS
post Sep 18 2022, 09:11 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Let me be honest with you all, iFAST is facing stiff competition from Moomoo, Tiger brokers etc. for fund management business in Singapore.

For Malaysia, POEMS is still a smaller player but Malaysians can easily move their money to Futu SG. So the total market size shrinks anyway.

It's impossible they will charge 5% when competitors are charging lower. The 5% limit is mainly to cater for financial advisor/agents.

The oligopoly is starting to break up. Good news for investors, bad news for shareholders. tongue.gif

This post has been edited by TOS: Sep 18 2022, 09:46 AM
SUSTOS
post Nov 22 2022, 04:43 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(T231H @ Nov 22 2022, 03:24 PM)
Wow, if "2 funds with average of 2.5%" meant "throwing away 5% yearly just in fees".

Then if I had 10 funds in my portfolio, it would means "Throwing away 25% yearly just in fees?
At the height I had about 20 funds, ...then 50% thrown away yearly just in fees?

That is just so unbelieveable.
*
Wrong calculation. The denominator (asset size) grows as you increase the number of funds you use to calculate the asset base from which the fees are deducted.

Assume 100 MYR with 50 MYR in fund A and 50 MYR in fund B.

2.5% fees in fund A means lost of 50*2.5/100 = 1.25, 2.5% fees in fund B also results in lost of 1.25.

Overall, you lose 2.5 MYR out of 100 MYR, which is still 2.5% not 5%.


SUSTOS
post Jan 2 2023, 05:37 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Excellent piece of write-up from FT Weekend 311222-010123:

» Click to show Spoiler - click again to hide... «


Cross-posted with other popular asset management-related threads e.g. Stashaway.
SUSTOS
post Jan 5 2023, 05:02 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Angpow packet delivered. tongue.gif
SUSTOS
post Jan 31 2023, 09:08 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(RigerZ @ Jan 31 2023, 09:06 PM)
Eh guys
No angpaus from FSM this year?
*
QUOTE(TOS @ Jan 5 2023, 05:02 PM)
Angpow packet delivered. tongue.gif
*
QUOTE(bcombat @ Jan 12 2023, 09:10 PM)
ang pow from FSM one
*
SUSTOS
post Mar 13 2023, 12:47 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
https://www.sinchew.com.my/?p=4535232

Per the article above, it seems likely that capital gains from bonds will likely be taxed (stocks are exempted).

Just to remind those who hold bond funds and bonds directly via FSM/Bondsupermart.

Supposedly, one way to avoid CGT is to hold the bonds till maturity. But if our MOF follows US-style taxation system, unrealized gains may be taxed as well. On the other hand, loses could be used to offset the gains.

This post has been edited by TOS: Mar 14 2023, 08:49 AM
SUSTOS
post Mar 21 2023, 08:54 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Bondholders should carefully scrutinize the provisions of bonds they are holding. It turns out that UBS and Credit Suisse AT1 bonds have provisions that allow full write-down of AT1 while retaining some value for shareholders while no other European banks have such provisions.

https://finance.mingpao.com/fin/instantf/20...%91%9e%e9%8a%80
SUSTOS
post Mar 21 2023, 09:51 AM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Finally it "blows to" Malaysia.

https://www.sinchew.com.my/20230321/%e7%91%...ba%a4%e6%98%93/

https://www.theedgemarkets.com/node/659947

This post has been edited by TOS: Mar 21 2023, 09:52 AM
SUSTOS
post Apr 19 2023, 07:47 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
Notice to FSM MY RHB Cash Management Fund 2 parking facility users:

A new supplementary prospectus has been issued. FSM MY users should have received the notification email a few hours back.

Key changes:

1. Benchmark is no longer Maybank Saving accounts rate but RHB 1-month FD rate.

2. Distribution, if any, will be distributed at the end of each financial year or any other period at the discretion of the Manager. Previously there is no distribution permitted.

3. Now CMF 2 may be terminated without consulting you guys first. After all, in the end, fees come first, not managing your money.

QUOTE
Notwithstanding the above, the Manager may also, in consultation with the Trustee and without first obtaining the approval of the Unit Holders, terminate the Funds at any time if the Manager deems it uneconomical to continue managing the Funds and that the termination of the Funds is in the best interest of the Unit Holders. Notwithstanding the aforesaid, if the Funds are left with no Unit Holder, the Manager shall be entitled to terminate the Funds.
4. Some other voting rights changes.

It seems like the changes are geared towards making it convenient for "private mandate" corporate users to invest in those funds. CMF2 should still be fine.
SUSTOS
post Apr 24 2023, 06:01 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
iFAST Global Bank launched today. You may link your FSM account to the UK digital bank.

https://links.sgx.com/1.0.0/corporate-annou...c21f95f092f16d0
SUSTOS
post Apr 26 2023, 02:06 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
QUOTE(frankzane @ Apr 26 2023, 01:43 PM)
No annoucement yet from FSMOne Malaysia?
*
Not yet. According to result presentation slides shown yesterday, they are focused on rolling out "chatbot" features for you guys lol laugh.gif

» Click to show Spoiler - click again to hide... «


If you try to open an account on this page, you can see that Malaysia clients are eligible for linking an account to the whole iFAST "ecosystem".

» Click to show Spoiler - click again to hide... «


Haven't tried that yet though.


SUSTOS
post Sep 5 2023, 10:20 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
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).
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).
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.
*
Thanks for supporting iFAST! laugh.gif
SUSTOS
post Nov 7 2023, 12:13 PM

Look at all my stars!!
*******
Senior Member
8,667 posts

Joined: Aug 2019
From: Penang <-> Singapore
There is nothing permanent in the world of business. wink.gif


« Next Oldest · Finance, Business and Investment House · Next Newest »
 

3 Pages < 1 2 3Top
Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.0691sec    0.31    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 07:41 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.