FSMOne web platform

[reddevil0728]

nao more than 10% so can buy nao?

I think a lot of supply, so sure can buy.

 

[Moowoow]

I hold privatised xinghua shares, forgot to execute the corporate actions instruction to fsmone previously, was told need to wait a while more, so far more than 2 months already no news, anyone same situation as me?

 

[reddevil0728]

I hold privatised xinghua shares, forgot to execute the corporate actions instruction to fsmone previously, was told need to wait a while more, so far more than 2 months already no news, anyone same situation as me?

Did you reach out to them and ask how?

 

[Moowoow]

Did you reach out to them and ask how?

OK will ask them again

 

[5408854088]

ES3 transacted price: 2.8789

CFA transacted price: 1.1050

 

[reddevil0728]

ES3 transacted price: 2.8789

CFA transacted price: 1.1050

Any meaning to this?

 

[direbmem]

For RSP of US ETF, FSM would auto convert SGD deducted from my cash account into USD? Or I would need to convert to USD on my own for FSM to deduct in USD?

 

[limster]

For RSP of US ETF, FSM would auto convert SGD deducted from my cash account into USD? Or I would need to convert to USD on my own for FSM to deduct in USD?

It all seems rather complicated to setup an automated plan. and automating it removes the flexibility we currently have to decide not to do RSP for a particular month by keeping that currency's account empty.

So for now, I'm still doing my RSP funding manually.

https://www.fundsupermart.com/fsm/advice-services/faq/3236/

 

[reddevil0728]

It all seems rather complicated to setup an automated plan. and automating it removes the flexibility we currently have to decide not to do RSP for a particular month by keeping that currency's account empty.

So for now, I'm still doing my RSP funding manually.

https://www.fundsupermart.com/fsm/advice-services/faq/3236/

But the fees will be different

 

[lancer6238]

It seems like FSMOne now has the feature where it would auto-convert the desired currency from SGD when you subscribe to a non-SGD ETF RSP.

https://secure.fundsupermart.com/fsm/article/view/rcms217540/what-s-new-on-fsmone-com-december-2020-hello-enhancements

I've not tried it, but it seems like it would really allow for an automatic, hands-off RSP. Not sure if existing RSP would have to be terminated, and reapplied to do this, and when the currency conversion would be done (maybe on the 8th when they earmark the funds?).

Currently, I have to manually convert the funds from SGD to the desired currency before the 8th every month.

 

[limster]

It seems like FSMOne now has the feature where it would auto-convert the desired currency from SGD when you subscribe to a non-SGD ETF RSP.

https://secure.fundsupermart.com/fsm/article/view/rcms217540/what-s-new-on-fsmone-com-december-2020-hello-enhancements

I've not tried it, but it seems like it would really allow for an automatic, hands-off RSP. Not sure if existing RSP would have to be terminated, and reapplied to do this, and when the currency conversion would be done (maybe on the 8th when they earmark the funds?).

Currently, I have to manually convert the funds from SGD to the desired currency before the 8th every month.

I am collecting dividends in HK$ so half the time, there is spare HK$ sitting in the account. I would like the RSP to 'use up' my spare HK$ first before going to the S$ account to take the S$ for the HK$ RSP.

Based on the above webpage, you can only select 1 'source' of HK$ (for example). So if you select S$ account, it will go straight to the S$ account to get the money, and ignore any excess HK$ you have? I might be reading the writeup wrongly, pls share if you have a different understanding.

 

[lancer6238]

Based on the above webpage, you can only select 1 'source' of HK$ (for example). So if you select S$ account, it will go straight to the S$ account to get the money, and ignore any excess HK$ you have? I might be reading the writeup wrongly, pls share if you have a different understanding.

Yeah, I have the same understanding as you. So in your case when your HKD$ fluctuates and you want to maximize the amount used, I guess you'll still have to manually change the RSP amount.


This new feature might be better suited for someone like me who have a relatively stable amount of cash in all accounts, and want a "set it and forget about it" RSP.

 

[direbmem]

Strange why need to set up DDA to auto RSP? We can just set up a standing instruction to fast transfer SGD mthly to the cash account right?

It all seems rather complicated to setup an automated plan. and automating it removes the flexibility we currently have to decide not to do RSP for a particular month by keeping that currency's account empty.

So for now, I'm still doing my RSP funding manually.

https://www.fundsupermart.com/fsm/advice-services/faq/3236/

 

[direbmem]

Do you know what is the forex rate used? Competitive? With this we can just fast transfer the mthly sgd amount to our cash account for the RSP right?

It seems like FSMOne now has the feature where it would auto-convert the desired currency from SGD when you subscribe to a non-SGD ETF RSP.

https://secure.fundsupermart.com/fsm/article/view/rcms217540/what-s-new-on-fsmone-com-december-2020-hello-enhancements

I've not tried it, but it seems like it would really allow for an automatic, hands-off RSP. Not sure if existing RSP would have to be terminated, and reapplied to do this, and when the currency conversion would be done (maybe on the 8th when they earmark the funds?).

Currently, I have to manually convert the funds from SGD to the desired currency before the 8th every month.

 

[reddevil0728]

Do you know what is the forex rate used? Competitive? With this we can just fast transfer the mthly sgd amount to our cash account for the RSP right?

You can see the fx rate used on their website.

 

[Heiji_Hattori]

Submitted W8-ben online form, how long it will get activated?

 

[Heiji_Hattori]

Submitted W8-ben online form, how long it will get activated?

It took few hours to get activated.

 

[lancer6238]

Regarding the dividend handling fees, is it deducted only when there is a dividend paid? For example, if the dividend is paid annually (for a US ETF RSP), then the fee is incurred annually?



And if the dividend paid is less than US$2.50, then they will deduct the excess from the USD cash account?

 

[5408854088]

It took few hours to get activated.

yes they are fast. the form will be pre-filled too.

 

[5408854088]

Regarding the dividend handling fees, is it deducted only when there is a dividend paid? For example, if the dividend is paid annually (for a US ETF RSP), then the fee is incurred annually?



And if the dividend paid is less than US$2.50, then they will deduct the excess from the USD cash account?

deducted only if dividends are paid. if dividend is less than the minimum amount, they will only take whatever is that amount, will not deduct excess from your cash account.