Anonymous

11 Jul 2020

∙

General Investing

What are the additional charges for FSMOne RSP?

Other than the sales charge, are there other charges (i.e. platform fees, custodian fees etc) to FSMOne RSP? Does that mean i can do DCA for a few years and then just leave it untouched?

FSMOne Fundsupermart

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Tan Wei Ming

11 Jul 2020

Founder and Writer at Frugal Youth Invests

If you are investing in US ETFs through FSMOne, there will be dividend handling fees of minimum $2.50 or 1% whichever is higher. I don't think there will be corporate charges so the only thing that we have to worry will be dividend handling fees.

You can leave it untouched. It is just another method on how to buy those ETFs using FSMOne.

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FSMOne Fundsupermart

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Are there any additional fees when doing RSP with FSMOne? If I choose to RSP 100/mth, will I just pay $100 or?

What are the fees and charges associated with FSMOne Fund RSP?

If I buy $100/mth for CQQQ (listed on NYSE) on FSMone RSP, how much is the sales charge? Is it SGD 1 or USD 1?

Im thinking of consolidating my POSB Invest Saver $400 and OCBC BCIP $500 into 1 RSP to minimise charges. Should I park it under FSMOne given its low fees? Should i invest in 2/3 ETFs or just 1?

With regards to FSMone's RSP foreign currencies ETF, would FSMone auto convert SGD to the respective currencies for the RSP or do I have to manually convert money to the respective currencies?