FSMOne web platform

[revhappy]

If I buy using Vickers cash upfront, shares go into CDP.
If I buy in FSMOne, it goes into custodian account right?

Right. 10 char

 

[theMKR]

is this cheaper than IB?

 

[lkhwee]

If I buy using Vickers cash upfront, shares go into CDP.
If I buy in FSMOne, it goes into custodian account right?

Yes. if you only want the shares to be in CDP, you can buy using Vickers and sell using FSMOne. Link your CDP with FSMOne to do that. But the cash will be in FSMOne unless you do a transfer to your bank which will take a day or two.

This it the cheapest option if you want your shares to be in CDP. Another plus pt for FSMOne is commission flat rate $10 irregardless of quantum but that requires you to have $200k investment with them.

 

[lancer6238]

Sorry to bump this old thread.

Can I set up a standing instruction to transfer money from DBS into my FSMOne cash account, so that the payment for the FSMOne RSP can be fully automated? Or do I have to transfer manually monthly?

Thanks!

 

[klanddt]

Sorry to bump this old thread.

Can I set up a standing instruction to transfer money from DBS into my FSMOne cash account, so that the payment for the FSMOne RSP can be fully automated? Or do I have to transfer manually monthly?

Thanks!

I am doing the same as well, I think you can set up a standing instruction. Or better still, you can set up GIRO via the FSMOne portal. Happy investing!

 

[MichealScott]

So I can check that how is FSMOne for buying local stocks or ETFs? Thinking of switching over from Invest saver to this

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[Sadisticnoob]

So I can check that how is FSMOne for buying local stocks or ETFs? Thinking of switching over from Invest saver to this

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Buy under custodian accounts

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[Brown24]

So I can check that how is FSMOne for buying local stocks or ETFs? Thinking of switching over from Invest saver to this

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No different from how u subscribe IS. except the fees is $1 or 0.08% whichever is higher

 

[LordDeathZ]

Buy under custodian accounts

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For RSP, cheaper than IS. At 0.08 percent min 1 dollar. More selection.

Both IS and FSM are custodian so no diff.

 

[kurtgoh]

just to re confirm,

FSMone is cheaper compare to POSB is, does it also apply when come to selling them?

 

[LordDeathZ]

just to re confirm,

FSMone is cheaper compare to POSB is, does it also apply when come to selling them?

IS dun charge for selling. FSM charge 10 dollars or 0.08 percent, depending which one is higher.

 

[kurtgoh]

i see.. FSMone seems to be good then, buy and keep..

 

[Mecisteus]

Yeah it seems FSM is cheaper if you are buying for long term.

 

[ChinoGirl]

Anyone using their auto sweep account instead of the cash account?

 

[kurtgoh]

Anyone using their auto sweep account instead of the cash account?

used to,
kept all the extra money..

until i was told, there's other better rates elsewhere..

they are only offering
CURRENT YIELD @ 1.295%

 

[Sadisticnoob]

Anyone using their auto sweep account instead of the cash account?

I'm still currently using, I like the fact that withdrawal from the account is t+1 and can use to buy stocks

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[ChinoGirl]

Thanks for your comments.

I will use it to park investment funds (auto deduct from DBS Multiplier) and earn some small interest while waiting for its next round of RSP.
I also note that the monies are not covered under SDIC unlike our local banks where deposit and savings account are covered by SDIC.

 

[Mecisteus]

Did anyone sign up for the Cash Recurring Top-Up Plan?

I understand the RSP day for ETFs will be on the 8th of the month.

Will the top up for Dec be able to make it in time for the RSP on the month of Dec?

10. When will the recurring deposit amount be deducted from my bank account?
We will deduct the amount from your bank account 3 business days prior to the 8th of the month. You will be notified via email when the payment is received.

 

[Sadisticnoob]

Thanks for your comments.

I will use it to park investment funds (auto deduct from DBS Multiplier) and earn some small interest while waiting for its next round of RSP.
I also note that the monies are not covered under SDIC unlike our local banks where deposit and savings account are covered by SDIC.

40% Fullerton cash fund, should probably be fixed deposit with various FI in aingapore

45% lion global whatever, should be placed in corporate secured bonds with various company

Only 15% the cash fund dunno what they place in.

Should be quite save bearing any serious crisis

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[itedino]

Not safe. If bankruptcy our shares gone