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crystalnox

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kurtgoh said:
anyone receiving the dividend from FTEC?

mine, is a joke.. if i understand correctly.. so no dividend at all :s13:


Securities Name : Fidelity® MSCI Information Technology Index ETF
Holdings as of Record Date : 8.663
Ex Date : 19 Jun 2020
Record Date : 22 Jun 2020
Payment Date : 24 Jun 2020
Payout Date : 25 Jun 2020
Declared Dividend Rate : USD 0.196
Payout Dividend Rate : USD 0.196
Gross Payout Amount : USD 1.70
Net Payout Amount : USD 0.00
Tax Rate : 30%
Tax : USD 0.51
GST : USD 0.08
Handling Fee : USD 1.11
Remarks : Cash Dividend/Distribution with Tax
Click to expand...
Bingo, so don’t use a broker that charges a dividend handling fee especially if you’re buying small amounts.
 
wutawa

wutawa

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It just U$1.70. Wait till u increase your holdings, then u can feel the real pain. :)
 
kurtgoh

kurtgoh

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crystalnox said:
Bingo, so don’t use a broker that charges a dividend handling fee especially if you’re buying small amounts.
Click to expand...

FSM is the only one that allows RSP for these ETF..

wutawa said:
It just U$1.70. Wait till u increase your holdings, then u can feel the real pain. :)
Click to expand...

any advise?

will there be such a scenario, the dividend is > the handling fee and customer had to top up the remaining ?
 
wutawa

wutawa

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kurtgoh said:
will there be such a scenario, the dividend is > the handling fee and customer had to top up the remaining ?
Click to expand...
No such scenario. Customer will just receive the remaining balance after deducting US govt tax, SG govt tax & fsm fee when the dividend is more than the fsm fee.
 
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A

Andrew833

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kurtgoh said:
anyone receiving the dividend from FTEC?

mine, is a joke.. if i understand correctly.. so no dividend at all :s13:


Securities Name : Fidelity® MSCI Information Technology Index ETF
Holdings as of Record Date : 8.663
Ex Date : 19 Jun 2020
Record Date : 22 Jun 2020
Payment Date : 24 Jun 2020
Payout Date : 25 Jun 2020
Declared Dividend Rate : USD 0.196
Payout Dividend Rate : USD 0.196
Gross Payout Amount : USD 1.70
Net Payout Amount : USD 0.00
Tax Rate : 30%
Tax : USD 0.51
GST : USD 0.08
Handling Fee : USD 1.11
Remarks : Cash Dividend/Distribution with Tax
Click to expand...

You mean you hold 8663 shares? oh is 8.663
Holding so much yet after deduction left with $0 :eek:
I'm thinking of doing FSM RSP for US ETF :s22:
 
Last edited:
kurtgoh

kurtgoh

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Andrew833 said:
You mean you hold 8663 shares?
Holding so much yet after deduction left with $0 :eek:
I'm thinking of doing FSM RSP for US ETF :s22:
Click to expand...

haha, i also wish..
its 8.663,
FSM RSP allows frictional amount for US ETF.

can consider, monthly only US1.07
 
silverbomb

silverbomb

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Is there custodian fees or charges for fsmone RSP to hold our US stocks? Any fees for redeeming when the time comes?
 
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jaljaljal

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Can i check what is the cheapest way to convert to USD to buy US ETF RSP? Is it through converting at transferwise?
 
Last edited:
Sadisticnoob

Sadisticnoob

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jaljaljal said:
Can i check what is the cheapest way to convert to USD to buy US ETF RSP? Is it through converting at transferwise?
Click to expand...

use the FSM converter. the spread is around 0.25%- 0.3%.

If u tt in USD to FSM account, most likely there will be charges.
 
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