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Sadisticnoob

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Aphorism

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Hi, i am new to FSMOne and want to trade in the US market.
Anyone knows how can i transfer USD from dbs multiplier account other than TT?

I saw people mentioning TransferWise in this forum but this is just to convert sgd to usd right? Thanks
 
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kurtgoh

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Decided to drop VT.
Current RSP Plan: VOO, FTEC, SKYY

Thinking of adding ES3 but... The annualised return isnt very good

OGIG volume isn't very high. Not sure if that'll be an issue when you're selling it in the future.

well, your choices are not bad too.

but FTEC and SKYY, aren't they the same in a way.
can just choose either one.

anyway how much are you on monthly?
 

kurtgoh

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summaries,
for world, choose VT
for S&P 500, VOO
for Tech, FTEC
for Singapore, ES3
for Reits, CFA..

i guess i will be very broke if i have such discipline to buy monthly. :s13:

currently, i am on CFA and ES3, 1K each.

next week to come, i probably will change the distribution.

probably, VT USD500
FTEC USD 500
ES3, 500,
CFA, 1k..

can eat grass...:s13:
 

thisislife

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summaries,
for world, choose VT
for S&P 500, VOO
for Tech, FTEC
for Singapore, ES3
for Reits, CFA..

i guess i will be very broke if i have such discipline to buy monthly. :s13:

currently, i am on CFA and ES3, 1K each.

next week to come, i probably will change the distribution.

probably, VT USD500
FTEC USD 500
ES3, 500,
CFA, 1k..

can eat grass...:s13:

I don't use DCA method, I just lump sum method, but every maybe 4 months ba..

okay fine, it's still call DCA method but not monthly
 

wutawa

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I don't use DCA method, I just lump sum method, but every maybe 4 months ba..

okay fine, it's still call DCA method but not monthly
Haha, i was about to counter u. As long as the indices keep moving up generally, u shall be rewarded on your disciplined saving/investment.

Next time u post your ytd networth and i eat popcorn alone :(
 
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thisislife

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Haha, i was about to counter u. As long as the indices keep moving up generally, u shall be rewarded on your disciplined saving/investment.

Next time u post your ytd networth and i eat popcorn alone :(

you eat popcorn alone in your own built in movie theatre in your glass mansion bungalow is it?:s13:
 

Aphorism

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Hi, i am new to FSMOne. Anyone uses DBS Multiplier account to fund USD to FSMOne Cash account?

I search FSMOne FAQ and it seems to say only able to do local bank USD transfer via SCB.
 

thisislife

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Hi, i am new to FSMOne. Anyone uses DBS Multiplier account to fund USD to FSMOne Cash account?

I search FSMOne FAQ and it seems to say only able to do local bank USD transfer via SCB.

hmm, i did the naive way and is to transfer SGD and then buy US stock, i didn't think so much about the FX thingie
 

teckgamer

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well, your choices are not bad too.

but FTEC and SKYY, aren't they the same in a way.
can just choose either one.

anyway how much are you on monthly?

Yeah FTEC and SKYY are very similar.
150,100 and 100 usd. So monthly 350 USD.
 

Sadisticnoob

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I see, thanks. I have USD left in my DBS account so just wanted to see if can fund the account.

in Singapore all FX transfer between different bank would incur a charge for both the payer and the payee. Thats why they only allow fx transfer with the same bank as them which is scb.
 

limster

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in Singapore all FX transfer between different bank would incur a charge for both the payer and the payee. Thats why they only allow fx transfer with the same bank as them which is scb.

Local us$ cheque deposit no charge. Asphodeli already posted he managed to deposit directly into usd settlement
 

Aphorism

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in Singapore all FX transfer between different bank would incur a charge for both the payer and the payee. Thats why they only allow fx transfer with the same bank as them which is scb.

Local us$ cheque deposit no charge. Asphodeli already posted he managed to deposit directly into usd settlement

Thanks guys. I suppose the only way to transfer USD from local bank other than SCB is to do a TT or local USD cheque deposit.

I think i will just stick to funding the account in SGD and buying US stock for now. Let FSMone handle the exchange rate.
 

thisislife

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ok, good luck to us then.

better to start transfer auto sweep to cash account next week.

i invest in ftec as well, it might be a big boom in years to come

not sure about fcom, since companies like facebook and google belongs to that communication services sector, maybe i'll keep it on my watchlist first
 

kurtgoh

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Yeah FTEC and SKYY are very similar.
150,100 and 100 usd. So monthly 350 USD.

i invest in ftec as well, it might be a big boom in years to come

not sure about fcom, since companies like facebook and google belongs to that communication services sector, maybe i'll keep it on my watchlist first

actually FSM got many nice ETF under their RSP recently..

but bullets are limited..
i'm diverting my warchest to RSP.
heard from a brother, that they are also considering IWDA:LSE.
it could be just a matter of time.

if you look at the yield under Tech, its beautiful,
 

dantom04

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It’s my 1st time using FSM. I realised I opt in for auto sweep.
After I sold my shares, it went to auto sweep.
Wat is auto sweep? Do I need to pay any fees for putting it there?
If I withdraw the funds instantly after it is there.. will I be able to get all the $ back? Or I need to pay them fees?
 
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