Asked by Anonymous

Is Fundsupermart or Poems better for long term investments of trust funds?

New to investing, but am keen to buy some tech funds

0
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (2)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Cheng You Yi
      Cheng You Yi
      5 Answers, 7 Upvotes
      Answered 4w ago

      Hi, are you looking into ETFs (echange traded funds) or unit trust/mutual funds. For Unit trust funds, POEMs has zero sales and platform fees.

      Comments (0)
      1
      0
      Share this
    • Lok Yang Teng
      Lok Yang Teng

      Top Contributor (Dec)

      254 Answers, 349 Upvotes
      Answered 4w ago

      Edit: This comparison is for ETFs

      To compare apples with apples, we'll use SGD 100 monthly, investing in SGX. Since there are many sucessive purchases over long time, small charges including management cost can accumulate into large sum.

      For POEMS, you'll have to pay 0.12% for each purchase and 0.0075% to keep SGX's lights on. In total, charges will be 0.1275% + GST. For FSM, trading fee is 0.08% and similarly 0.0075% for SGX Access Fee. This will bring total to 0.0875% + GST. Management cost wise, FSM is cheaper. As you get more proficient and thinking of venturing into other markets, you'll have to make the comparison again, taking into account the same market/fund, currency charges, coparate action fee and dividend fee.

      Comments (1)
      1
      0
      Share this

Manage your money for free today!

Download on the App StoreGet it on Google Play
  • Quick overview
    Quick overview of your bank and card transactions.
  • Secure syncing
    Secure syncing of your bank or credit cards transactions
  • Automatic categorization
    Automatic categorization and analysis for your expenses
Seedly app