FSMOne web platform

[makav31i]

ES3 - SGD 2.8680
CFA - SGD 1.1550
FTEC - USD 80.6799
VT - USD 77.6399

i notice, the quantity for US Market is not rounded off.
for example:
FTEC 8.663 units
VT 9.0022

anyone knows this?

That's why I say previously that the good thing with FSM is you can invest in fractional shares, that's why I edit the amount each month so that it can be fully invested down to the last cent...

 

[makav31i]

FSM noob here.

I am using the FSM apps trying to buy ES3 with CPF-OA...But don't see CPF-OA option in Account type or Purchasing Power...Any advice?

CPF can only be used for Unit Trust with FSM...

https://secure.fundsupermart.com/fsm/advice-services/faq/7197/

Can I use my CPF or SRS funds to pay for my stock orders?

No, all payments for stock orders have to be made from your cash account or Auto-Sweep Account.

 

[kurtgoh]

That's why I say previously that the good thing with FSM is you can invest in fractional shares, that's why I edit the amount each month so that it can be fully invested down to the last cent...

sorry bro,

i dont understand this.

take mine as an example.

FTEC 8.663 units
VT 9.0022

so if 1 day, i were to sell,
i can key 8.663?
thats funny

 

[makav31i]

sorry bro,

i dont understand this.

take mine as an example.

FTEC 8.663 units
VT 9.0022

so if 1 day, i were to sell,
i can key 8.663?
thats funny

Sell ETFs RSP
1. To sell your ETF RSP units, please submit your instructions before 15th of every month. If the 15th is a business day, the transaction date for the ETF RSP Sell Order will be on next trading day. If the 15th falls on a non-business day, the transaction date will take place on the second trading day after the 15th.

2. Your ETF RSP sell orders will be executed collectively together with the sell orders of other clients.

3. The normal FSMOne processing fees for sell orders will apply.

4. You may sell all your ETF RSP units here. Please refer to the table below for the supported lot sizes through Sell ETF RSP.

5. Board lot units can also be sold through Live Trading at any time.

6. Partial sell of fractional units is not allowed; you can only choose to sell all your fractional units e.g. if you have 100.1234 units, you can sell 10.1234 units but not 10.1111 units.


So you can sell 0.663 FTEC in the future if you want as 1 lot size of FTEC is 1 share...You can trade those full lot size anytime you want so long market is open...

 

[iMac]

CPF can only be used for Unit Trust with FSM...

https://secure.fundsupermart.com/fsm/advice-services/faq/7197/

Can I use my CPF or SRS funds to pay for my stock orders?

No, all payments for stock orders have to be made from your cash account or Auto-Sweep Account.

Thanks for the info.

I read somewhere that STI-ETF is one of the few ETF can use CPFIS. Really shame if FSM doesn't allow that.

 

[kurtgoh]

Sell ETFs RSP
1. To sell your ETF RSP units, please submit your instructions before 15th of every month. If the 15th is a business day, the transaction date for the ETF RSP Sell Order will be on next trading day. If the 15th falls on a non-business day, the transaction date will take place on the second trading day after the 15th.

2. Your ETF RSP sell orders will be executed collectively together with the sell orders of other clients.

3. The normal FSMOne processing fees for sell orders will apply.

4. You may sell all your ETF RSP units here. Please refer to the table below for the supported lot sizes through Sell ETF RSP.

5. Board lot units can also be sold through Live Trading at any time.

6. Partial sell of fractional units is not allowed; you can only choose to sell all your fractional units e.g. if you have 100.1234 units, you can sell 10.1234 units but not 10.1111 units.


So you can sell 0.663 FTEC in the future if you want as 1 lot size of FTEC is 1 share...You can trade those full lot size anytime you want so long market is open...

ok, i got you.

thanks.

this is the first time i come across such

 

[iMac]

Anyone please advise how to purchase this ES3 using CPFIS-OA ?

As FSM dont give me the option? Which other way/platform I can turn to?

Thank you.

 

[_dXter]

Anyone please advise how to purchase this ES3 using CPFIS-OA ?

As FSM dont give me the option? Which other way/platform I can turn to?

Thank you.

I use DBS vickers as my broker for CPF-IS account which is also with DBS.

 

[Pocoyoz]

very lag today

 

[MichealScott]

Anyone linked their FSM to CDP? May I know what's the point of doing that?

 

[platee]

Anyone linked their FSM to CDP? May I know what's the point of doing that?

So that you can sell at cheaper rates. But it's stupid that you still must mail them physical letter

 

[makav31i]

Anyone linked their FSM to CDP? May I know what's the point of doing that?

Point is for you to sell your shares in CDP via FSM...

 

[iduncheckmail]

Point is for you to sell your shares in CDP via FSM...

Hahaha. Pek cheh right ? All these dumb8ss questions .....

 

[chickenessence]

It's a cash management product. You let them manage your free money so they can use it to invest and in return they give you higher interest.

Sorry, bring up old discussion.
Since auto-sweep invest your money if u opt in. Does that mean the risk come with it then? Potentially the amount with auto sweep will decrease if the General market doesn’t do well?

Any comments? Just want to understand what’s the benefit to go with auto sweep.
My understand is may not have to do currency exchange when buying, let’s say USD stock? Is that correct?

 

[makav31i]

Hi all... newbie in investing..

I am 24yo, I am totally clueless about investing and the terms but i have been wanting to get into this for many years.. don't have time to go read up on the terms and strategies due to part time studies, just want to go into investing with my own feeling. I am more interested in ETF/index..

My main issue is I don't know where to start.
I can't decide between IB or FSM..
I have min 10k for IB accounting opening. So that one is no issue.

But just want to confirm the following

1. IB Cash Deposit fee is at 1% with min USD 50/SGD 65?
So everytime i put in money it's already a SGD 65 loss?

info from this website

2. i am more interested in US/HK mkt, currently looking at IWDA/VOO or EIMI.

VOO is in FSM
IWDA and EIMI is in IB.

Should i enter both or just choose 1 platform?

3. I am a super small investor, low salary worker ~3k SGD.
But am planning to invest about SGD 1k per month.

My concern is for IB is the cash deposit fee and the monthly USD 10 maintenance fee (not a major issue).

For FSM, it's more on the dividend handling fee of USD 2.50..

Can't really decide on which one to enter..

Also I have signed up for SC Online Trading account, but expecting it to take a long time to be activated. Thinking now is quite a crucial time, so wanna get started and be ready with account for my initial buy in asap.

If i were to sign up for IB, probably will enter with IWDA/EIMI mix.
If FSM, will go with VOO and other HK ETF in Retirement Savings Plan scheme..

Please help

TIA~

To be honest, either stick with IB or SCB as both allow you access to LSE and US and HK...FSM is only if you want to use their RSP or buying and selling SGX listed shares...

 

[ciscube1]

Is there any tax on the dividends from HK stocks and ETF? For US, there is a 30% tax.

To be honest, either stick with IB or SCB as both allow you access to LSE and US and HK...FSM is only if you want to use their RSP or buying and selling SGX listed shares...

 

[makav31i]

Is there any tax on the dividends from HK stocks and ETF? For US, there is a 30% tax.

It depends on the tax treaty between Singapore and the country that the ETF is domiciled... Regarding tax, it is the same with any brokers, if they have to withhold tax, they have to do it...Not like you go with certain brokers you have to pay Withholding tax and you won't get any Withholding Tax with another for buying the same stock...

Only difference is whether the broker charges any fees like dividends handling fees, custodian fees and etc...Like I say, other than you intending to utilize FSM RSP or invest in SGX, it is better to go with IB or SCB if your plan is to invest in LSE as it is not available on FSM... Between the two, I would say to go with SCB just because if you decide to invest every two months or every quarter, it is cheaper than the $10 minimum activity fees a month with IB...

 

[MichealScott]

So that you can sell at cheaper rates. But it's stupid that you still must mail them physical letter

Point is for you to sell your shares in CDP via FSM...

Thanks guys. At first I thought my FSM shares will be under CDP once linked but I think it is not..Ya...Still must mail the letter..

Hahaha. Pek cheh right ? All these dumb8ss questions .....

FYI, I tried searching the FAQs but it came up nth. So I don't think it is that dumbass. But I hope you are happy living your life criticizing ppl.

 

[chrisloh65]

I didn't see any tax on dividends imposed so far on HK stocks.

Is there any tax on the dividends from HK stocks and ETF? For US, there is a 30% tax.

 

[peppermint7]

Thanks guys. At first I thought my FSM shares will be under CDP once linked but I think it is not..Ya...Still must mail the letter..

If u want your shares to be held in CDP,
For cheaper rates for trading in Singapore market. Usually what we do is buy from DBS Vickers Cash Upfront. After shares go into CDP. We can sell via FSM (select sell via CDP).

Once $ goes into FSM. We transfer the amount back into our respective bank.

Any shares bought directly via FSM is held under custody. NOT CDP. Though u can request for manual transfer to CDP. With a fee if im not wrong