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

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victorian
post Sep 3 2023, 12:55 AM

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Anyone know what does the 0% ETF RSP entails to?

Normal charge:

0.08% processing or min USD3.8 - is this waived?
0.08% processing or min USD 1- is this waived?
Rm1 for every 1,000 contract value- if I RSP RM200, how much is the stamp duty
victorian
post Sep 4 2023, 09:37 AM

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QUOTE(zebras @ Sep 4 2023, 08:48 AM)
0.08% processing or min USD3.8
0.08% processing or min USD 1

- processing fee waived
Rm1 for every 1,000 contract value- if I RSP RM200, how much is the stamp duty

- RM1 for every RM1,000 contract value, mean that
if u RSP RM200, u will be charged RM1 for stamp duty,
if u RSP RM1,000, u will be charged RM1 for stamp duty,
if u RSP RM1,001, u will be charged RM2 for stamp duty
*
Ahh was thinking to RSP 200 each time, but if the stamp duty is min RM1 then it doesn’t make sense
victorian
post Sep 4 2023, 03:06 PM

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QUOTE(Sitting Duck @ Sep 4 2023, 12:45 PM)
RM 200 with USD0.22 stamp duty / ~RM1 stamp duty is about 0.5% fee.

0.5% fee is a very reasonable seeing that UT charges more than 0.5%.
*
Thanks bro. Have you compared the latest ETF promo from FSM vs IBKR in terms of the fee?

Assuming I have 500 to be DCA into VOO every month, is FSM the cheapest way ATM?

This post has been edited by victorian: Sep 4 2023, 04:28 PM
victorian
post Sep 4 2023, 06:04 PM

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QUOTE(zebras @ Sep 4 2023, 04:49 PM)
i believe the best part is we can just set it and forget it, which allow us to invest regularly every month regardless of market low/high,
in addition to being the cheapest ATM
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I've always wanted to DCA into S&P500 because I'm lazy to time the market, but I'm always put off by the min per trade charged.

Guess this is the best time to enter?
victorian
post Sep 5 2023, 12:23 AM

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QUOTE(Sitting Duck @ Sep 4 2023, 10:54 PM)
Sorry bro. I don't have IBKR and never done a comparison.
For me IBKR is complicated (opening IBKR account, foreign bank account , transfer money, lump sum investment). I did read up the guide given in another thread but it was still complicated for me.

When FSM introduced ETF RSP with 0 processing fee back in 2021, I jumped into it immediately since it was my first and only opportunity to invest in US ETF with limited amount of RM I have.

I've no plans nor much time to study market. Just planning to DCA monthly, like a force saving.
I'm hopeful the return would be better than FD by the time I retired.

Since I'm already DCA'ing into VOO, I'm planning to apply RSP for SMH.
*
Do you have to reapply the RSP in order to get the 0% processing for your VOO?
victorian
post May 20 2024, 10:58 PM

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For Vanguard S&P 500 ETF, how do we sell all our holdings ya?

System only allows to sell unit by unit, and I have fractional left.

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