FSMOne web platform

[5408854088]

actually FSM got many nice ETF under their RSP recently..

but bullets are limited..
i'm diverting my warchest to RSP.
heard from a brother, that they are also considering IWDA:LSE.
it could be just a matter of time.

if you look at the yield under Tech, its beautiful,

your brother zhun a not?

 

[5408854088]

It’s my 1st time using FSM. I realised I opt in for auto sweep.
After I sold my shares, it went to auto sweep.
Wat is auto sweep? Do I need to pay any fees for putting it there?
If I withdraw the funds instantly after it is there.. will I be able to get all the $ back? Or I need to pay them fees?

https://secure.fundsupermart.com/fsm/cash/autosweep-account

 

[kurtgoh]

your brother zhun a not?

i think he is,
he wrote here, couple of pages back.

i recall reading it if my memory dont fail me

anyway i dont see why not LSE, since FSM is already on US, HK, SGX

 

[Potato89]

summaries,
for world, choose VT
for S&P 500, VOO
for Tech, FTEC
for Singapore, ES3
for Reits, CFA..

i guess i will be very broke if i have such discipline to buy monthly.

currently, i am on CFA and ES3, 1K each.

next week to come, i probably will change the distribution.

probably, VT USD500
FTEC USD 500
ES3, 500,
CFA, 1k..

can eat grass...

For VOO do you buy from FSM or SC? Wondering if there's any big difference

 

[kurtgoh]

For VOO do you buy from FSM or SC? Wondering if there's any big difference

The price quoted from FSM, if you are doing rsp, is slightly higher as it has already factor the necessary TER.
The good thing is that the monthly buy only cost you usd1.07

 

[thisislife]

actually FSM got many nice ETF under their RSP recently..

but bullets are limited..
i'm diverting my warchest to RSP.
heard from a brother, that they are also considering IWDA:LSE.
it could be just a matter of time.

if you look at the yield under Tech, its beautiful,

you mean they releasing it under RSP or under live trading?

if live trading, i go all in liao

 

[htngwilliam]

For VOO do you buy from FSM or SC? Wondering if there's any big difference

Do they allow the shares to be transferred from FSM to SC later? FSM US$1 commission is much lower

 

[klanddt]

You can transfer out your shares to another broker of your choice

Do they allow the shares to be transferred from FSM to SC later? FSM US$1 commission is much lower

 

[starbugs]

For foreign currency reits held in FSM, e.g. Manulife REIT and Cromwell, do you guys receive the dividends in SGD? I thought the default is SGD but my recent dividend is in FCY. I prefer SGD. Must I inform FSM every time?

 

[htngwilliam]

You can transfer out your shares to another broker of your choice

Any idea how to do it?

 

[hiroki01]

I'm transferring my local DCA holdings from POEMS to FSM cos of the cheaper fees.

Can I check whether the fees for RSP are on top of the amount stated? E.g. if I'm investing 500 into ES3, should I make sure there's 500 in my cash account or 500+commissions by the 8th of every month?

Also, for those buying HK ETFs like 2800 on FSM, what's your take on whether FSM or IB is better? (I'm using IB for LSE ETFs)

 

[makav31i]

I'm transferring my local DCA holdings from POEMS to FSM cos of the cheaper fees.

Can I check whether the fees for RSP are on top of the amount stated? E.g. if I'm investing 500 into ES3, should I make sure there's 500 in my cash account or 500+commissions by the 8th of every month?

Also, for those buying HK ETFs like 2800 on FSM, what's your take on whether FSM or IB is better? (I'm using IB for LSE ETFs)

If you set your investment amount to $500, you just need to have $500 by the 8th of the month...FSM will deduct the fees from the $500 and invest the remainder...This works the same way as POSB Invest Saver and OCBC BCIP...

 

[klanddt]

Any idea how to do it?

Think the FSM guide says you contact your brokerage firm whom you wish to transfer into and ask them their process.

I understand that there is no fee from FSM end

 

[madtari]

Hi, I just started VOO under RSP. May I check how will the dividend be handled? I didn't see any option to choose to receive either USD or SGD, or to reinvest... Will it be credited into our USD account in USD?

The price quoted from FSM, if you are doing rsp, is slightly higher as it has already factor the necessary TER.
The good thing is that the monthly buy only cost you usd1.07

 

[5408854088]

Hi, I just started VOO under RSP. May I check how will the dividend be handled? I didn't see any option to choose to receive either USD or SGD, or to reinvest... Will it be credited into our USD account in USD?

can refer to question 22 of FAQ

https://secure.fundsupermart.com/fsm/advice-services/faq/2073/

 

[NubbyCat]

If I just wna buy and hold US stocks like FB, Apple, Tesla and ETFs like VOO, should I use FSM or SCB? Cause if I'm not wrong, FSM has Dividend Handling Fee..

 

[5408854088]

Hi, I just started VOO under RSP. May I check how will the dividend be handled? I didn't see any option to choose to receive either USD or SGD, or to reinvest... Will it be credited into our USD account in USD?

can refer to question 22 of FAQ

https://secure.fundsupermart.com/fsm/advice-services/faq/2073/

when the dividend comes in, you can just add it in and increase your RSP amount for the next month. then in the subsequent month will just have to adjust back. works the same as reinvesting, just that you have to do it yourself.

 

[5408854088]

If I just wna buy and hold US stocks like FB, Apple, Tesla and ETFs like VOO, should I use FSM or SCB? Cause if I'm not wrong, FSM has Dividend Handling Fee..

depends on how you plan to trade. SCB got no dividend handling fee. FSM have RSP for VOO and IVV.

https://secure.fundsupermart.com/fsm/new-to-fsm/pricing-structure

 

[TheAlphaLion]

Has anyone experienced FSMOne very very slow to transfer money recently? Early last week my withdrawal was very fast, 10 min via FAST. But on Friday, my withdrawal (of USD converted to SGD) still "processing" until 1 June. And I still have some stocks i sold on 26 May, but money still stuck in the Auto-Sweep saying "processing".

 

[klanddt]

What time did you withdraw on Friday as it matters if it is to be processed in the next business working day.

Has anyone experienced FSMOne very very slow to transfer money recently? Early last week my withdrawal was very fast, 10 min via FAST. But on Friday, my withdrawal (of USD converted to SGD) still "processing" until 1 June. And I still have some stocks i sold on 26 May, but money still stuck in the Auto-Sweep saying "processing".