FSMOne web platform

[kurtgoh]

I got RSP for VT but not VWO...

yeah, i know.

have you look at
FIDELITY® MSCI INFORMATION TECHNOLOGY INDEX ETF NYSE:FTEC

the fund performance looks promising
holdings are stable and good
dividends are not bad

 

[y2kbug]

anyone on RSP under FSM for the following:

VANGUARD TOTAL WORLD STOCK INDEX FUND ETF SHARES NYSE:VT

FIDELITY® MSCI INFORMATION TECHNOLOGY INDEX ETF NYSE:FTEC

dividend is subject to a 30% withholding tax, is it?

 

[kurtgoh]

dividend is subject to a 30% withholding tax, is it?

thats a really good point which i have overlook totally..

this is why we need a forum, share and discuss .

i guess the dividend will have to subject the 30% but let me confirm with FSM on this.

 

[kurtgoh]

ok, confirmed.

it is subject to 30% withholding tax.

 

[Sadisticnoob]

ok, confirmed.

it is subject to 30% withholding tax.

Huh i thought it is confirmed lol

Sent from HUAWEI INE-LX2R using GAGT

 

[Sadisticnoob]

I have been using FSM one for about 2.5 years now. If anybody need help I can help.



1. Dividend handling fee
SGX : No fee for SGD denominated stock,
for USD-denominated stocks (e.g HK land , HPH trust USD) there is a 3 USD charge

HKEX: No handling charges.

Amercian: 30% witholding tax on gross dividend if you pay singapore taxes plus an additional 2.50 usd (+ gst) on the gross dividend.

 

[Sadisticnoob]

Some examples

Sent from HUAWEI INE-LX2R using GAGT

 

[wutawa]

Is it really worth to use fsm for overseas stocks?

 

[kurtgoh]

I have been using FSM one for about 2.5 years now. If anybody need help I can help.

1. Dividend handling fee
SGX : No fee for SGD denominated stock,
for USD-denominated stocks (e.g HK land , HPH trust USD) there is a 3 USD charge

HKEX: No handling charges.

Amercian: 30% witholding tax on gross dividend if you pay singapore taxes plus an additional 2.50 usd (+ gst) on the gross dividend.

great, good to have you and willing to share.

i'm kinda new to FSM RSP, currently enroll on the CFA and ES3.
the fee is good, only $1.07, regardless of amount for RSP.

I'm actually keen in the NYSE: FTEC & VT too, thinking if its feasible since there's 30% tax imposed.
new to this 2 ETF and not much write up online on them too.
the charges is also USD $1.08 with GST

For HKEX, is there any withholding tax?
i read there's none, just to re confirm.
but the choices in FSM RSP counter under HKEX are very limited and not attractive

under FSM, how does
Total Expense Ratio & Management Fee, really works?

 

[kurtgoh]

Is it really worth to use fsm for overseas stocks?

depends,

FSM is only good to me if you are doing RSP.
refer to my earlier post.

as for ad hoc buy, i'm still with SCB,
as the fee is the same with FSM.
just they will give some cash credit back if you hold saving account with them.

 

[Slowdown]

Do you have a multi-currency acct with SCB? I only have a Dash acct with them and I always buy SGD stock. I did wonder how to cash out in USD from SCB.

At least I know FSM can issue a USD Check to my designated bank acct which is mutlicurrency.

depends,

FSM is only good to me if you are doing RSP.
refer to my earlier post.

as for ad hoc buy, i'm still with SCB,
as the fee is the same with FSM.
just they will give some cash credit back if you hold saving account with them.

 

[wutawa]

Do you have a multi-currency acct with SCB? I only have a Dash acct with them and I always buy SGD stock. I did wonder how to cash out in USD from SCB.

At least I know FSM can issue a USD Check to my designated bank acct which is mutlicurrency.

U can refer to my very nice diagram.
https://forums.hardwarezone.com.sg/...bank-online-equities-trading-5287938-349.html

 

[tiertime]

ok, confirmed.

it is subject to 30% withholding tax.

isnt it same if buy from another broker ?...

if buy SG Stocks from DBS Vickers then the dividend no withholding tax meh ?

 

[tiertime]

i have some cash inside the cash account... tmr public holiday right, if i transfer out now, when it it reach my Bank account ? anyone can advise ?

 

[makav31i]

i have some cash inside the cash account... tmr public holiday right, if i transfer out now, when it it reach my Bank account ? anyone can advise ?

2 to 3 working days...

 

[tiertime]

2 to 3 working days...

they had improved their system, i received in less than 10mins via FAST

 

[highsulphur]

Qn. The shares held in custody by FSMOne is ring-fenced but what about cash held with them?

 

[makav31i]

For anyone interested, FSM RSP for ES3 this month is at $2.5971...

 

[Slowdown]

I also did my first RSP deduction in FSM this month. Can I see each month how many units were purchased (sort of like history transaction) or that each month I have to calculate by taking the BEFORE and AFTER balance? I am referring to within the FSM portal or app.

Thanks.

For anyone interested, FSM RSP for ES3 this month is at $2.5971...

 

[makav31i]

I also did my first RSP deduction in FSM this month. Can I see each month how many units were purchased (sort of like history transaction) or that each month I have to calculate by taking the BEFORE and AFTER balance? I am referring to within the FSM portal or app.

Thanks.

Go to "My Historical Transactions", it will show you the Investment Amount, Transacted Price, Quantity and Total Fee...