| Party's over, who's leaving? |
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pinkpanda78_SG
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12-04-2010, 02:02:17 PM GMT
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Joined Since: 29-09-2006
Nationality: NA
Posts: 40 times
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Thanks to FSM for doing VERY FANTASTIC job there!!!  .. I have started the liquidation process of all my UTs..  ...
This is really awful, i need to pay sales charges to rebuild my portfolio all over again...  .. I will be wasting hundreds bucks for nothing ...
Next destination: DollarDex  ... I really hope DD won't follow FSM steps... 
last edited at 12-04-2010, 02:05:09 PM GMT
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tanjh_SG
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12-04-2010, 04:09:57 PM GMT
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Joined Since: 13-10-2007
Nationality: N.A.
Posts: 8 times
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riskbuster_IN :
Hi All
Before we shout from the roof that FSM is bad, ugly, whatever, let us also remind ourselves a few things here....
http://www.fundsupermart.com/main/research/viewHTML.tpl?articleNo=2203
Read the above link - Anybody noticed they warned us of US recession on May 17, 2007?
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Yes 'Great' article written by FSM on may 2007, but ........in that article regarding recession in the US, they mentioned that :
1.) "In our opinion, however, we do not see this happening in the next 2 years" and
2.) "Hence, we think that an inverted yield curve may not necessarily result in a recession this time."
3.)"Defaults On Subprime Loans Have Little Effect On The Economy."
4.)"As for the concerns about the subprime loan defaults affecting the US retail industry and unemployment, we believe that the influence will not be as important as some claimed"
5.)The relatively stable unemployment figures also supports our view that the US would not enter a recession.
6.)"All these indicate that unemployment in the US is still dwelling at low levels, strongly implying that the economy will not enter a recession."
7.)"From our observation and findings at the time of writing, we believe that it is unlikely that the US economy will go into a recession for the next 2 years"
8.)"Concerns such as the peaking of corporate profits, the inversion of the US yield curve and the increase in sub-prime loan defaults have not posed major problems to the US economy yet."
9.)"Although the US economy is decelerating, its growth is still intact. Perhaps investors should not be overly pessimistic, considering our positive projections of the US market's earnings growth for the years 2007 and 2008, increasing retail sales and relatively stable unemployment in the country."
That was May 2007. FSM is telling us that sub-prime is not a problem, there will be no recession in the US for the next 2 years, no high un-employment in US.
So everybody let's party and Buy, buy, buy....
Great advice from FSM in May 2007 before sub-prime hit Bear Stearns' *High-Grade Structured Credit Strategies Enhanced Leverage Fund and ** Bear Stearns High-Grade Structured Credit Fund. Then we witness the collapse of Lehman and panic in the financial market worldwide, the US recession in 2008/2009 and the rising un-employment in US .......
And you want us to thanks FSM for their advice ?
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pinkpanda78_SG
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13-04-2010, 01:21:26 AM GMT
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Joined Since: 29-09-2006
Nationality: NA
Posts: 40 times
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And now they need "platform fee" to come out with better research, article, and prediction ... hahahah!!! what a joke ...  .. like i said in other thread, fsm article is more of form of marketing and advertisement ... i stop reading fsm articles long time ago .. even the magazine is of no use to me ... lots of advertisement and interview with "fund manager" ... hahahaha ... which fund managers in the world that do not advise their customer to invest to their fund now??
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Comet_SG
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13-04-2010, 12:15:31 PM GMT
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Joined Since: 10-04-2010
Nationality: NA
Posts: 20 times
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Hi fellow investors,
For those in favor of DD, in their website FAQ: What are DD's charges, one of them is:
Transfer out of unit trust: SGD25 per set of transfers (may be waived at dollarDEX discretion)
It might be a tell tale sign that DD would like to safeguard them from an exodus of investors if they were to follow suit FS in implementing platform fees in the future...
Any comments to share?
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Jin_SG
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16-04-2010, 12:18:03 PM GMT
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Joined Since: 26-10-2007
Nationality: NA
Posts: 35 times
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Anyone knows where is the platform fee icon?
Can't find it in the top icon banners anymore.
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aristos_SG
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28-04-2010, 01:28:52 PM GMT
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Joined Since: 31-05-2008
Nationality: NA
Posts: 1 times
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This looks like a pretty amusing article too...
http://www.fundsupermart.com/main/research/viewHTML.tpl?articleNo=2294
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jaysheng_SG
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03-05-2010, 05:17:53 AM GMT
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Joined Since: 07-08-2007
Nationality: NA
Posts: 57 times
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Any Advice on which platform to transfer to?
One with reliable services and relatively lower charges than FSM?
I think the articles and research fsm giving out lately is quite ... bs. Their research team just isnt strong enough.
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mugencity_SG
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18-05-2010, 09:49:23 AM GMT
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Joined Since: 06-01-2005
Nationality: NA
Posts: 9 times
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Wow..wif some many ppl leaving..hopefully FSM can lower or waive the platform fees..
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S7831_SG
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28-05-2010, 03:33:09 PM GMT
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Joined Since: 11-07-2009
Nationality: United Kingdom
Posts: 5 times
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| I think u are stupid......u should do your homework. I didn;t pay a cent to transfer from FSM to Dollardex. ....
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garfield_HK
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03-06-2010, 08:20:14 AM GMT
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Joined Since: 11-01-2008
Nationality: NA
Posts: 17 times
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gen05_SG :
I think it is good for FSM investors elsewhere to know that FSM Singapore has decided to charge a quarterly management fee just for keeping records of your funds.
It may or may not happen in your country, but just to be alert. Read more as FSM Singapore's website. |
Hey! Thank you for information.
Here Hong Kong, HSBC also have account fee of 1.5% per year. They call FundMax.
You can see https://www.hsbc.com.hk/1/2/special/investments/prom100?WT.ac=AMH_PFS_PWS_1006_IVT_M_FUNMAX_01_E
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littleo2_SG
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09-06-2010, 03:18:51 PM GMT
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Joined Since: 28-01-2010
Nationality: NA
Posts: 5 times
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Actually, platform fee is quite a common thing in more developed country like Australia and UK. So I am not sure whether its a matter of time this concept becomes popular here.
As for the research, I guess we have to be fair to them as well. FSM was not the only one that felt that the sub-prime will not result in a worldwide recession. In fact, almost all analysts felt that same way and just keep shouting for 'buy' during that period.
If you noticed, its always the academics that are more bearish and the sell-side analysts that are more bullish. Each got their own interest to guard. Academics are bearish because reputation is very important to them; if they hit the right call they will be famous as people will remember them for giving the right warning but if they are wrong, people most probably won't remember as we are all busy making money in the bull run.
On the other hand, analysts are more bullish because it will boast the sales of their company and their own bonuses if they are right but if they are wrong, they got nothing to lose because they will most probably be retrenched due to poor sales in a bear market regardless of the call they made.
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chewlee_SG
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28-07-2010, 06:59:03 AM GMT
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Joined Since: 07-11-2003
Nationality: Malaysia
Posts: 1 times
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Hi,
Share your sentiments . Hvae been contemplating a move to ETF.
Would be interesting to share your experiences.
Appreciate reference to Web forums and/or blogs covering discussions on EFT
Cheers
reply direct:
singa.ozzie@gmail.com
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inves_SG
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05-08-2010, 03:48:31 AM GMT
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Joined Since: 26-03-2008
Nationality: NA
Posts: 23 times
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I'm thinking of moving too,... but the possibility is that later on, the other platform will start to impose platform fees too.
Best thing is not to play in funds anymore, play stocks better-lah,... No platform fees imposed and the dividend collected is better.
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nobita_SG
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13-08-2010, 04:19:44 AM GMT
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Joined Since: 05-09-2009
Nationality: N.A.
Posts: 26 times
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| sold most of my funds already. ready to move to ETF! :)
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AimHigh38_SG
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18-08-2010, 07:24:05 AM GMT
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Joined Since: 04-01-2010
Nationality: NA
Posts: 93 times
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inves_SG:
I'm thinking of moving too,... but the possibility is that later on, the other platform will start to impose platform fees too.
Best thing is not to play in funds anymore, play stocks better-lah,... No platform fees imposed and the dividend collected is better.
Hi inves_SG
I totally agree with you. That's why I did not transfer my cash holdings with FSM to Poems or DD. I've decided to move to stocks after having laid off for a long time. I'm taking the time to learn more first though.
Cheers and good luck.
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