2% is free money too

Is not laughing at him. It's a compliment.

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

how are the girls over in fsm gonna get paid to handle your paper work eh bro? kesian those girls girls.

Being in a talk-cock forum, this came to my mind, but I think the fee is too insignificant to actually perform this:
Before the platform fee date, sell all bonds move into CMF. After the platform fee date, buy in again. Since bond funds have 0% sales charge.
But bond being bond, the price shouldn't move too much in 1 week.
The loss of leaving and re-entering the bond market a few days later? It is something for the person who is even thinking about this trick to ponder.
IF the rate of appreciation continues, probably it is the loss in terms of number of units per same RM value.

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

Given the generally slower performance of bond to equity of higher risk, just go full equity so you get the 2% charge instead of platform fee, plus better reward.

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

oops. I didn't know that, probably because my investment is too ikan bilis I didn't bother to read the platform fee structure. For RM1000 at 0.05% it is RM0.50 per quarter. Let's take into consideration of the appreciation in value, so one year you might be paying RM3 for platform fee (no basis assumption). 2% sales charge of RM1000 is already RM20, which is about 4-5 years worth of platform fee. Correct me if my scenario here is not making sense.

Equity u r giving 2% money

Okay sure..gonna do more research before finalizing the %. BTW in fact I am working in SG now, do you think I should go for FSM SG instead of stick with FSM MY since the funds offered are different.

Same as what I'm thinking. How many yrs the platform fee before equals 2%. In the end penny wise pound foolish.

TAke best of both.

No, you should go for poems SG.

FSM SG is worse that MY if you ask me.

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

Huh, glad to know, may I know why is FSM SG worse? POEMS SG, yes I have heard of them especially on their RSP but I was hesitating as I do not know anyone who can provide me advice on the Singapore front.

So what you will suggest is to abandon FSM MY and go for POEMS SG in full force?

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

We based Malaysia 1 very little have FSM sg so no point to compare.