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Unit Trust

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Investments

Robo-Advisors

Retirement

StashAway

FSM One

MoneyOwl

Regular Shares Savings Plans (RSS/RSP)

ETF

STI ETF

Unit Trust

Stocks Discussion

SG Budget Babe

Thinking of putting $700-$800 monthly into RSPs for DCA. Need help with my current strategy, and are there any better alternatives for growth and wealth accumulation?
Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered 1h ago
With only $700/800 per month in total to invest, think you are over-stretching (dilution) across so many platforms at the same time. Focus on one asset class/plateform build it to a certain size like $5k - $10k, then focus on the next one and/or invest every 3 months to reduce the fixed plateforms overheads. And just SKIP the STI index, horrendous performance over the last decade compared to US S&P500 etc
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ETF

Regular Shares Savings Plans (RSS/RSP)

Investments

Unit Trust

Online Brokerages

Brokerages

FSM One

How does one evaluate which regular share saving plans to go for either 200 or 100 sgd per month for overseas ETFs?
Davin
Davin
Level 7. Grand Master
Answered on 24 Feb 2020
Actually FSMOne is not new. They have lowest transaction fees for RSP but they have some hidden fees like dividend handling fees which I don't like. DBS RSP do not have exposure to other country, OCBC i not so sure. I personally use FSMOne for US ETF, so far so good.
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ETF

MoneyOwl

Investments

Robo-Advisors

Unit Trust

Endowus

FSM One

How do I invest directly into DFA Global Fund (mainly using SRS funds, without going through roboadvisors and being an accredited investor)?
Gregory Van
Gregory Van, CEO & Founding Partner at Endowus
Level 3. Wonderkid
Answered on 02 Jul 2019
Dear Anonymous, My name is Greg, Co-CEO of Endowus. A broad index fund ETF is lower cost than Endowus. If you choose to go down this route, we encourage clients to buy ACWD (UCITS - 40bps) through a low cost broker (Interactive Brokers for example) and try not to be caught by a bid-ask spread. I would highly discourage buying US-listed ETFs, given the dividend withholding tax on these products that you should not be paying from Singapore. Note that you can claim back partial withholding tax on interest from bonds, but not on equity dividends. (Example: If equity dividends are 3% and the withholding tax is 30%, you end up paying up to 90bps more unnecessarily, so what you thought was low cost actually becomes quite high cost.) I think that passive is a great strategy, but systematic, such as DFA, lets you access superior implementation which will drive better returns over the long run, and a strategy you can stick with through market cycles. An example of this implementation is Dimensional’s diversification and systematic tilts. In a single fund exposed to the entire world, there are over 10,000 securities, with a systemcatic overweight to the long-term risk premiums of small cap, value and profitability, versus the MSCI ACWI commercial index which is exposed to 2,000+ securities at a market cap weight. We expect this to generate alpha over the long-run, as it has through the long history of market data. Taking this position in the market also exposes you to tracking error (away from the commercial index), so you have to be comfortable with inconsistently winning and losing to the benchmark through your investment journey. Note that the fund level cost of the DFA fund described is 43bps, and Endowus fees range from 25bps to 60bps (all-inclusive of account creation, holistic advice, portfolio creation, intelligent rebalancing, brokerage, platform fee). DFA can be accessed through financial advisors like Endowus, MoneyOwl, Providend, though you are right in that there are additional asset based fees involved. We have run some analysis and over the long run, given DFA's long-term track record, these fees will be less that what you gain in the long-run. It is important to note that Endowus, MoneyOwl and Providend do not get paid by anyone but you, contrary to much of the industry that is paid trailer fees (distribution/sales commissions) by fund managers, which clients are usually oblivious to. This way we can stay honest to serving only you, our client.
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Investments

Unit Trust

Have anyone heard of or invest with AVIVA navigator? Should I continue to invest with them?
Aviva navigator is merely a platform, what matters more is your fund selection. You'll also want a horizon of at least 5 years before you see significant returns, so you are right in saying that it's a bit too early to tell. What fees are you referring to when you mention fees? If you were investing on the advice of a FA, you might want to seek understanding from the FA on the performance of your portfolio, as well as clarify the fees charged by him/her, because the WRAP fees are determined by the advisor, and are not charged by the unit trust. In fact, unit trust pricing already has the management fee of the fund built in, there is no way around this. I don't use navigator myself as I am from Phillip, but I do note that there are a number of fees associated with using Navigator such as upfront, switching and wrap fee, which can vary, so those might have eaten into your returns (it's stated on their website). Just want to highlight that Dollardex and POEMS are some of the platforms that charge absolutely no sales/platform/switching fees, should you choose to invest on your own there.
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Investments

Robo-Advisors

SeedlyTV S2E05

Unit Trust

ETF

Stocks Discussion

Online Brokerages

Why are UTs commonly associated with active investing when there are passive UTs?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 2w ago
Hey hello, sure this is a very common misconception. Which I hope from this explanation below, you will understand alot clearer! First I will explain the underlying assets: - Stocks (Equities, or some ownership in the company) - Bonds (Debt, where the company or govt will repay at the coupon date at a later time) It is crucial to understand more out more about the underlying assets as usually the funds comprise of some mix of the above to achive certain outcomes of the fund itself. ! Or in the case of Index funds you will learn later that they basically track the index (which is already a predetermined set of stocks or bonds) I would explain these three main types of investment vehicles common to most people: ! 1) ETF (Exchange Traded Funds) - If the fund is traded on an exchange, most of the time, if it's a huge fund size, it would be traded on the exchange mainly for liquidity so investors can get in and out of the funds easily - Hence the term "Exchange Traded" 2) Index Fund (Passive Fund) - This is a fund which comprises of stocks OR bonds - It tracks some form of index, some famous ones are the S&P500 or the Straits Times Index (STI) - This basically models after the index and buys up a portion of the index in each components, eg 506 stocks in the S&P500 or the 30 components in the STI - When you buy an Index Fund, it is likely an ETF (where it is also traded on the stock market, hence people often get confused between the two) - Thus you get the STI ETF (eg Nikko AM STI ETF, or SPDR STI ETF) or the S&P500 ETF (eg VOO, which is managed by Vanguard) - They are all managed by fund management companies but charge lower expense ratios because they have no need to analyse stocks or stock pick essentially ! 3) Unit Trusts & Mutual Funds (Active Fund) - By the way its the same thing, but differently known in UK and US - These are more active funds, where it is usually sectorial based, eg you buy into the emerging tech sector or emerging markets sector - Each fund has it's own goals and you invest knowing that you feel these analysts can do a better job than you OR the market index - Which is why it is still a popular choice for most people who want to outperform the market Hope this answers your question on Funds, and hope that you will get a better understanding on this world of finance, can be a real complicated world made by human imagination. Haha! Also these are more for retail investors, there's a whole other world of private equity which includes: - PE Funds - Hedge Funds - Real Estate Funds - And almost every other type of 'pools of money' with investment thesis to the,
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Investments

Unit Trust

Savings

For investment funds such as the Franklin Technology Fund, there are different kinds of charges and fees. How do I calculate my returns if I were to sell the fund?
CH
CH
Level 6. Master
Answered 2w ago
Yes, you are right, sales charge could be less than the stated max. but did you get those figures from the fund fact sheet or from your broker? For me, the figures in fact sheet are important for me to decide whether the fund managers are efficient, or over charging, but these are immaterial to the investor as these figures will be accounted for in the bid/ask price. to calculate the returns, you should look at your investment account and see the net liquidating value, or total assets, or similar. it should have taken into account any fees charged by your broker (your broker should have sent you invoices regurlaly or they would sold a portion of your units, or they withheld some dividends as their fees). hope this is not too confusing.
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SeedlyTV S2E04

Robo-Advisors

Stocks Discussion

Investments

Unit Trust

S&P 500 Index

Between investing directly into a Index Fund (Eg S&P500 Vanguard ETF) vs going through a Robo-Advisor, what would be the main pros and cons?
Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Level 9. God of Wisdom
Answered 2w ago
With a robo advisor you would not only invest into one single equity type. It is some kind of active management, dynamically changing asset class allocation with changing economic ambience. This has it's (managing) price and is fully dependent on the underlying algorithm(s) of the robo, with unpredictable future success of an implemented strategy possibly very much designed on past data. Passive DIY ETFing with appropriate selection (cheap, large, global diversification, ...) could very probably be at least as successful.
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Investments

General

Unit Trust

STI ETF

What does the transaction code UTCA UTCA-0119 on my bank statement refer to?
FM
Francesca M. Soh
Level 4. Prodigy
Updated 3w ago
It is a refund. Can only buy one whole unit. Cannot buy fraction of a unit.
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Investments

Investment Linked Policies (ILP)

Unit Trust

Any potential/good Prulink funds that i can look at to invest?
Andrew Goh
Andrew Goh
Level 3. Wonderkid
Answered 3w ago
I also invested in Prulink funds, recommend by my friend long time ago. I have Emerging market fund, Global Tech fund and Singapore Growth fund. When convid 19 crisis crash the stock market, all funds are down too. I believe bond and growth fund will recover very slow, so I switch out growth fund. Switch to emerging market fund. Emerging market fund and global tech fund will recover faster. After covid19, you can switch back without any charges. Side note: I found out that Poems do not have any charges for funds (unit trust). I will transfer out when market recover.
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Investments

Unit Trust

Securities

S&P 500 Index

New to traditional investing, which online brokerage would you recommend for UTs, stock picks & REITs?
Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Level 9. God of Wisdom
Answered 3w ago
POEMS, FSMOne, TD Ameritrade
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