facebookFor using cash to buy into lion global infinity US 500 fund, is it cheaper to use Endowus (0.6% Endowus fee + 0.4% net fund fees) versus FSMone (0.475% + 0.67% 0.23% fund fees + 0.35%)? - Seedly

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Anonymous

19 Apr 2021

General Investing

For using cash to buy into lion global infinity US 500 fund, is it cheaper to use Endowus (0.6% Endowus fee + 0.4% net fund fees) versus FSMone (0.475% + 0.67% 0.23% fund fees + 0.35%)?

Not sure if I’m missing out anything here.. Are there other cheaper avenues? Thanks!

Discussion (3)

What are your thoughts?

Endowus

Endowus

19 Apr 2021

Hi Anon,

You should be comparing like for like, meaning to say the total fund fees, net of trailer fee rebates for Endowus and FSMOne.

The figures should be 0.6% +0.4% compared with 0.375% +0.71%p.a. The 0.71% is the total expense ratio provided in the latest updated fund fact sheet here:

https://www.fundsupermart.com/fsm/admin/buy/fac...

We want to give our a seamless investing experience that is fuss-free with auto rebalancing, low cost that is globally diversified. Hope you can consider investing in our advised portfolios which are optimised on those fronts, thank you.

View 1 replies

Not very sure about FSM, they have too many fee structures that I don't fully understand.

are you buying in lump sum or DCA?

if lump sum, buy from OCBC better. 0.88% one time sales charge. no subsequent ongoing fees. similarly with others you have to set up an account, do KYC etc and then can buy through online banking.

if DCA, edowus may be cheaper, but also depending on your holding timeframe.

can verify using a simple excel sheet. example DCA $100 per month using Endowus, counting for ongoing fees and trailer fee rebates, over 4 years already you will have paid around $50 of fees. if same $100 per month over 4 years, OCBC fees is about $42. difference is because endowus charge base on AUM, and not per month contribution amount. and the difference will get larger and larger over the long run. caveat is anyone can change their fees anytime.

usually i will go to robos such as endowus for their advised solution. makes no sense to me to pick and choose individual funds/ETF/stocks using robos.

hope this helps.​​​

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