Fundsupermart Regular Savings Plan

[infinitylub]

Anybody here invest via RSP at Fundsupermart before?

Can I know how does it work?

Example, if you invest $100 every month, you choose the funds you want to invest or you throw $100 every month and the fund manager manages them?

 

[anfielder]

Anybody here invest via RSP at Fundsupermart before?

Can I know how does it work?

Example, if you invest $100 every month, you choose the funds you want to invest or you throw $100 every month and the fund manager manages them?

you choose the funds you want to invest in.

But why do you want to use FSM? They charge platform fees, and the unit trusts carry hefty annual management fees.

Buying ETFs through POSB Invest Saver would be far superior.

 

[infinitylub]

I noob, now gathering info stage. Know some of the basic terms but the real game starts only when I really invest in it. Unit trust package some of the overseas equities as well. I want to start a $100 RSP, not sure I should consult IFA agent or not because I know some of them uses iFast which is like FSM.

 

[limster]

read up on "PLATFORM FEE".

 

[derazor]

How to buy those funds with minimal platform fee then ??

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[Mecisteus]

Check Dollardex or Phillip Securities. They may have 0% promo for regular savings plan.

 

[samwize]

Anybody here invest via RSP at Fundsupermart before?

Can I know how does it work?

Example, if you invest $100 every month, you choose the funds you want to invest or you throw $100 every month and the fund manager manages them?

You choose the fund to invest the $100. The fund has a fund manager, and it is up to him to buy equities/bonds/whatever for the fund.

So in a way both your questions are yes

 

[derazor]

Only sg bond and etf . Sigh

you choose the funds you want to invest in.

But why do you want to use FSM? They charge platform fees, and the unit trusts carry hefty annual management fees.

Buying ETFs through POSB Invest Saver would be far superior.

Posted with Nokia 3210 HardwareZone Forums app

 

[derazor]

Anyone can help to reply thanks

How to buy those funds with minimal platform fee then ??

Posted with Nokia 3210 HardwareZone Forums app