just wondering what are the differences between wrap account and FSM managed portfolios

That much people says...

Anyhow its individual decision to follow or not..
Think for your own..

His wrap account have high plarform fees. So on top of service charge, kena charge platform fees some more. I think in the range of 1%+. The more money he have inside, the more FSM says thanks to him.

just get a certified wealth planner do take over your portfolio but with a caveat that you still have full control. that's what xuzen is doing. xuzen ready to offer your services to them?

also

topped up

2k KGF
1k RHB EMBF
1k TA GTF

switched all Selina to Manulife Reits

Sold all Kapchai fund.
-Will use this fund to rebalance my portfolio

This post has been edited by Avangelice: Aug 2 2017, 05:44 PM

Hi all! Newbie here in both UT investing and LYN. I am new to FSM as well, i joined in April 2017 after I came across the FSM website on one fine afternoon LOL.
Anyway, I really wish I have found this LYN thread sooner, as I actually did learn a lot by following the discussion on this thread ! Thanks ppl!

Sorry if this might be a noob question =/
I have some concerns which i really need to get out of my chest and would prefer knowing you guys opinion..

I really like the services FSM offers, and can't help but to see it as one of my savings (+ investments of course) vehicle for the long-term.
Since we are all going to be in it for the long run and probably putting most my retirement life savings with a third-party, I would like to know what are the biggest (worst) probable risk which I may need to consider before I continue pumping my savings into FSM? At this point im not so worried about the returns of fund...this is more about the security of our savings and what is the worst case scenario that might happen..

I know of course a "meteor-strike" hitting FSM hq is a risk lollll, but anyone can advise this noob here some kind of more 'probable' risk we should take note of?
E.g. What happen in the case of hack? I am quite worried of this. Or to put it other way, is there any other event which may make me lose all my capital?

Sorry, kiasi investor here as well and sorry if my post came out bad or confusing. This is my first post here lol so dont attack me lahh all sifus

Appreciate you all punya thoughts!
Thanks thanks

1% okay ma, without sales charge and switching fee

The worst thing, what will you do if say your holdings plunge 30%?

Please be advised that FSM is a subsidiary of a company called Ifast corporation, a Singapore financial company that spans from Malaysia, Hong Kong, Singapore and India.

also when you do purchase a fund with fsm, the trust is placed under their name if anything were to happen they have a back up system to aid you. remember you are buying funds FROM FUND HOUSES NOT FSM. FSM is a platform.

you can read more about it here
https://www.fundsupermart.com.my/main/faq/introduction.tpl

as for hacks, they need verify that the bank account is under your name and your name only so even if someone were to hack into you fsm account and conduct a sell all process, they won't be able to get your money.

ramjade your short reply needs to be improved lah.

This post has been edited by Avangelice: Aug 2 2017, 05:54 PM

Very valid concern.....
But for me....i am more worried abt that happens to my epf n banks a/c n so is my mortgage status......
I am sure they hv back ups n back ups n firewall n hack simulation test out.
Well that is me n my thinking of course

Do you switch alot?

Is true what. Everyone is euphoric when the market goes up. But what will you do if it plunge by 30%? Cutloss stay at the side? Pump in more? Do nothing? These are some of the things someone need to prepare for.

lol he asking about fsm as a platform provider bro not unit trust profitability vs risk.

Good time to bet on India as they just announced stimulus action.

"India cut interest rates to the lowest since 2010 to boost an economy struggling to recover from Prime Minister Narendra Modi’s cash clampdown.

The benchmark repurchase rate was cut to 6 percent from 6.25 percent, the Reserve Bank of India said in a statement in Mumbai on Wednesday."

wish I can buy more but as of now it's taking up 15% of my portfolio even after conducting a profit skimming.

😭😠damned ...i just added 8% into india today ....with transaction date tomorrow....which would me i would be buying high n with ruppee most probably affected so will the return

Regret not...i think Sensex is RED today.....😊

not so much, but....

i kinda jealous with the "ninja trick"

I just bought India too and Asia ex japan.

Next event to look to is apple iphone 8 launch which will have some affect on TA global Tech.

Like Ramjade mentioned....there is tis 1% pa to consider abt....
Btw...fsm do have credit point system.....isn't that enough for not frequent moving around?

credit point system is for intra switch only... according to FAQ

for example: yesterday, i switch from AmREIT (I give up on this poor performer) to AHSB.
got 2 days delay for transact date for AHSB.
i heard WRAP account doesnt have transact delay for switching

I also did a last minute topup on CIMB AP DIF and CIMB Greater China.
i been cash heavy for few months since i didnt topup for few months.



This post has been edited by john123x: Aug 2 2017, 08:32 PM