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Anonymous

02 Mar 2021

General Investing

Which is better for Unit Trusts, POEMS vs FSMOne?

Looking to lump sum invest into UTs. Currently looking at these 2 options.

The POEMS Cash Management Account seems like the best option but just wondering if there’s any caveats?

Wanted to do the cash plus account but realised there’s a quarterly maintenance fee thus not suitable for me.

Anyone has any advice?

Discussion (8)

What are your thoughts?

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There is no reason to choose a platform which charges you a quarterly fee unless you prefer the UXUI of one platform over the other.

By the way, FSMOne does charge a fee for Cash/SRS investments into funds:

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

There is also another pretty unknown Unit Trust Provider called DollarDex. They don't offer stocks like POEMS and FSMOne but specifically for investing in Unit Trusts, DollarDex does not charge a single penny.

https://www.dollardex.com/platformfees/

Their UXUI seems laggier but for a cheap cheap price of nothing, I can't argue

Off topic, but my advice is to abstain from unit trusts, they seem mostly obsolete in ETF times.

Scientific evidence shows that they are too expensive plus on longterm mostly underperform their benchmark

indices.

somethings here:

https://seedly.sg/questions/what-is-your-genera...

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POEMS

02 Mar 2021

Dear,

We offer 0% transfer in fee, 0% platform fee and 0% sales charge for “Buy” orders, “Switc...

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