Depend on how many bond fund you have which have platform fees. Say you have 5 bond fund which have platform fees, so you kena charge 20x/year. Lol.

You don't need to drop bond fund. Just reduce the % and increase the others.

Unofficial FSM help page for english reader.
FSM MY should give us free platform fees for our services. Lol

Not satisfying? I think you bought the wrong fund.
Manulife US, India, REITS are some of their best fund.

Actually is wife to be.

He said he is saving money for marriage.

I think the best balanced fun is xuzen fund.Not too risky and I think is better than this.

From what I remember

RHB Asian Income Fund
Affin Hwang Select Bond Fund
Amasia REITS
Manulife India
TA Global Tech
-*not sure if he added Manulife US or not.

xuzen, do you hold manulife US or you just hold TA global Tech?

Tell that to Manulife AP REITS. This fund gave me 3.2% return in 3 months vs Amasia which only give 1.xx% after 6 months+! Both same amount just different buying time.

You could also use this simple allocation.
http://www.turtleinvestor.net/asset-allocation/

Replace STI with Nikko SG Dividend Class
SG Bond etf with Affin Hwang Select Bond Fund
REITS with either Amasia/Manulife
VWRD with Manulife US.

Precisely. Thinking of keeping max RM10k in malaysia. Not sure where want to put. For me, I feel market is kind of expensive to enter. One part want to choose United Asian HY bond/Affin Hwang Select Bond but this will incur platform fees and I don't like to give FSM free money. So most likely an equity fund. Decision decisions....

It's just principal. Take some broker for eg (international ones). They charge you just for keeping the stocks you buy with them while another broker charge nothing. Both have same brokerage fees. Doesn't make sense why?

A one time service charge is better. With platform fees, even if you don't buy you kena charge. What kind of nonsense is that?
Every new subsequent purchase will also kena charge. So you will kena charge double. Old fund + new fund
In the long run, platform fees > service charge.
Think of a water container with a pin hole leak. The water is your money and the pin hole leak is your platform fees. Overtime, water is loss via pinhole leak but you don't see it (cause it's too little but it's real)

I am never a supporter of platform fees. I avoid them where possible unless no choice (see my stock eg above)

I rather FSM charge me one time service charge for bond funds than platform fees.

This post has been edited by Ramjade: Feb 20 2017, 07:00 PM

Service charge, exit fees (come up with exit fees like RHB Islamic/bond funds). Make them hold the funds for min 1 year like RHB. Anything less than 1 year, kena charge. Also included in compulsory charge for switching between different house (some house can switch for free). Put in a 0.5% switching fees for all house.

Not possible as they charge you platform fees on how long you are on the platform. So say you buy today. Four days later you sell even though it's month away to platform fee charge, you will still kena platform fees. If you can do this, teach me.

This post has been edited by Ramjade: Feb 20 2017, 07:06 PM

No. This part cannot put into equity. The only thing I can think of parking into REITs fund or just grit my teeth and pay them the service charge

I did a comparison before about why platform fees sucks compare to service charge. I use 10 years period but this was for SG part where their service charge was only 0.75% (Phillip SG) and FSM SG platform fees was 0.4% pa. So cannot really compare with MY part when their service charge is 2% . However for discussion, the one with the platform fees ended up paying more after 10 years compare to the one with 0.75% service charge.

That's why when Philip SG counter FSM SG (FSM SG make the SC 0% but charge platform fees) with 0 SC, 0 platform fees, lots of people jumped ship.

Follow puchongite advise. Avoid FSM SG at all cost. That'w what I am doing. I didn't even bother opening account with FSM SG after finding out they are going to charge platform fees vs Phillip SG (that time was 0.75% SC for POEMS. Now it's totally free ).

Since you are working in SG don't need to put in FSM MY. I am transferring my money to POEMS SG. Reasons:
(i) wider selection of ufnds
(ii) funds perform better than MY counterpart
(iii) cheaper (0% SC, 0% platform fees, 0% switching fees)

Reason for keeping some in FSM MY:
- Emergency use other than what I have in Maybank eGIA-i

Use info rom FSM SG and buy from POEMS SG. FSM SG information is better.

Wrong. Why pay platform fees when POEMS give 0% SC, 0% platform fees, 0% switching fees? Use FSM SG for their info. Avoid buying anything from them.

Agreed.

This post has been edited by Ramjade: Feb 20 2017, 07:25 PM

See reasons above. Btw I think if we want to discuss SG UT, let's head to FSM SG thread.

FSM SG 0.1%/quarter platform fees
POEMS SG 0% SC, 0% platform fees, 0% switching fees

Why should I pay FSM MY if the funds they offer are not as good as their SG counterpart? Also 2% SC vs 0% SC is a lot of differences. Doesn't make sense to me.
Your choice. If you buy funds from FSM SG, you wil get less support as the FSM SG thread is almost dead. No activity unlike FSM MY thread. However if you want to cheaper option over long term, go with POEMS SG. Do your own research. I started from here. Learn more or less everything I know from this thread, took the SG govt exam for UT investor and passed it.

Once you get the basic, it's more or less the same thing. The only person active over in FSM SG thread will most likely be me, AIYH and dasecret unless more of you guys joint us over there (Avengelice, xuzen, puchongite, T231H, etc)

I am still coming back to FSM MY thread for info (remember it's universal)

For me, buy from POEMS SG, use info from FSM SG.

Here's FSM SG thread: https://forum.lowyat.net/topic/3757612

This post has been edited by Ramjade: Feb 20 2017, 07:41 PM

If you want to maximise returns, always keep an open mind and think out of Malaysia. By limiting one to Malaysia funds/market, one limit one's opportunity. That's why right now, I am looking beyond SG.

1) SGD will appreciate over time against MYR. That's the cold hard fact.
2) I am not removing the stuff in SG unless necessary (forecast min 5 years holding)
3) If SGD drop drastically, will change more SGD
4) If SGD keep rising, just keep until I have lump sum, change/TT one shot.

So the only risk I can see is my MYR will get me less SGD over time. So time is if the essence for me here.

Just last month SGD was only 3.12x. Now it's already 3.138. So much difference in one month. After you get SGD, you will start earning SGD which will help to cover your forex risk.

Hope this answer your question.

This post has been edited by Ramjade: Feb 20 2017, 08:59 PM

50+ years of history is all I need + the fact SG govt policy towards foreign company + HK is making it hard for US companies to set up shop, so more US companies will flock to SG.

He's holding warp account. He will kena charge x% p.a depending on how much he have. Think of it as higher version of platform fees.