FSMOne web platform

[sohguanh]

Thanks for the clarifying.

The RSP program seems a good fit for folks wanting to DCA!

Flaw is if you want to sell not through their RSP program you pay full fees. And if you got fractional not supported directly by that ETF itself you need go via their RSP program.

 

[angelichound]

Flaw is if you want to sell not through their RSP program you pay full fees. And if you got fractional not supported directly by that ETF itself you need go via their RSP program.

I agree, the chances of ending up with fractional shares is high.

Seems like liquidity is reduced when one takes on this RSP

 

[reddevil0728]

I agree, the chances of ending up with fractional shares is high.

Seems like liquidity is reduced when one takes on this RSP

it's more like a certainty no?

but why is liquidity reduced?

only the fractional part might be more illiquid no?

 

[sohguanh]

I agree, the chances of ending up with fractional shares is high.

Seems like liquidity is reduced when one takes on this RSP

The program is encouraging investors to do long term investment not trading purpose. If one want to take advantage of the low fees to access foreign exchange and use it for trading instead need to rethink your strategy. FSMOne is listed in SGX it of cuz know how to do their business and one of them is not to let customers abuse the program to their advantage.

 

[Needmysleep]

..

The remaining $65 should be in ur cash acct. You should do proper checking first or ask fsm1.

Yes , my bad . Should RTFM

I think it's answered in their FAQ (question 7):

https://secure.fundsupermart.com/fsm/advice-services/faq/5820/?rank=1

There's a 2.5% buffer because of FX.

Look at question 13 too.

Makes sense now

 

[twosix]

Yes , my bad . Should RTFM





Makes sense now

Another thing, LSE has higher fees than US listed ETF. You can consider buying VOO instead of those listed on LSE to lower the fees when selling the RSP.

 

[CrashWire]

I agree, the chances of ending up with fractional shares is high.

Seems like liquidity is reduced when one takes on this RSP

Fractional shares are negligible in the long run if you are accumulating an ETF, which is what the RSP is supposed to be for.

Another thing, LSE has higher fees than US listed ETF. You can consider buying VOO instead of those listed on LSE to lower the fees when selling the RSP.

For long term investors, this is a bad idea because of dividend withholding tax and estate tax.

 

[twosix]

Fractional shares are negligible in the long run if you are accumulating an ETF, which is what the RSP is supposed to be for.


For long term investors, this is a bad idea because of dividend withholding tax and estate tax.

The taxes apply to all US traded counters. Aapl, goog, etc... so r u not buying them because of the taxes? I also a long term investor.

 

[limster]

Fractional shares are negligible in the long run if you are accumulating an ETF, which is what the RSP is supposed to be for.


For long term investors, this is a bad idea because of dividend withholding tax and estate tax.

Another thing, LSE has higher fees than US listed ETF. You can consider buying VOO instead of those listed on LSE to lower the fees when selling the RSP.

One way to know if VOO is good for MM/SSI investors is to see whether there is an active discussion thread about it in MM/SSI. If it is so good, surely people will be discussing it.

On the other hand, there is a thread titled 'IWDA/VWRA/ISAC - Some of Best ETF' that is 123 pages long

 

[wutawa]

One way to know if VOO is good for MM/SSI investors is to see whether there is an active discussion thread about it in MM/SSI. If it is so good, surely people will be discussing it.

On the other hand, there is a thread titled 'IWDA/VWRA/ISAC - Some of Best ETF' that is 123 pages long

This is a very bad way.

 

[reddevil0728]

The taxes apply to all US traded counters. Aapl, goog, etc... so r u not buying them because of the taxes? I also a long term investor.

i think is talking about us domiciled ETF vs Irish domiciled.

 

[yslvlys]

i think is talking about us domiciled ETF vs Irish domiciled.

Ya so I think twosix is saying the lower fee of VOO may offset or almost offset fully the lower withholding tax of the Irish domiciled equivalent. So in the end the differences of Irish vs US domiciled versions of VOO may be insignificant to definitively motivate someone to buy the LSE ETF version

 

[reddevil0728]

Ya so I think twosix is saying the lower fee of VOO may offset or almost offset fully the lower withholding tax of the Irish domiciled equivalent. So in the end the differences of Irish vs US domiciled versions of VOO may be insignificant to definitively motivate someone to buy the LSE ETF version

note the estate tax though (yes u can by left, but default should look at by right)

 

[twosix]

note the estate tax though (yes u can by left, but default should look at by right)

so u dun buy aapl, goog, voo etc because of the estate tax? shortsightedness if u ask me. haha.

 

[reddevil0728]

so u dun buy aapl, goog, voo etc because of the estate tax? shortsightedness if u ask me. haha.

i not talking about individual stocks.

i talking about 2 passive etf tracking the same index.

 

[twosix]

.................................. haha..

 

[reddevil0728]

.................................. haha..

i know got by left la. but the quiet part shouldn't be said out loud

it's a IYKYK kind of situation

 

[sibeiTrolled]

Comparing stock picking vs etf is already unfair.

Now bring in stock picking vs Irish domicile ETF for estate tax is really just damn weird.

Let's just keep the comparison clean and easy

For estate tax, by left or by right, up to the person to decide since anyone can come with with extreme bias examples that highlight flaws with other side

 

[yslvlys]

note the estate tax though (yes u can by left, but default should look at by right)

If plan to ownself liquidate everything to get cash or put in bonds then estate tax doesn't matter right? So are there any significant savings of CSPX vs VOO? CSPX 15% WHT on dividends vs VOO's 30 %. but VOO lower fees.

 

[reddevil0728]

If plan to ownself liquidate everything to get cash or put in bonds then estate tax doesn't matter right? So are there any significant savings of CSPX vs VOO? CSPX 15% WHT on dividends vs VOO's 30 %. but VOO lower fees.

That works if u can predict your death.