I found the CHEAPEST way to Invest into the S&P500 ETF CSPX | Step by Step Guide

[@DemiZhuang]

🎁 Receive up to S$28 when you start your investment journey with FSMOne 1. Quote “DEMI2024” during account opening to receive S$10 cash reward 2. Receive another S$18 cash reward after you’ve made your first ETF RSP purchase Ends 31 December 2024 FSMOne Account Sign-up: secure.fundsupermart.com/fsmone/signup FSMOne Platform Enquiry: [e-mail] FSMOne Investment Advice: [e-mail]

[@nguyenmainguyen4934]

Thank you so much, Demi! I spent two weeks watching your videos and love how clear and transparent your information is. As a beginner, your guidance was incredibly helpful. After watching, I visited the FSM office and opened an account using your link. Everything is now set up for RSP and CSPX 500. I look forward to more of your videos and insights. Take care!

[@mdfauzi3039]

IBKR recurring investment is more superior for overseas investment as the fx spread is better plus no longer have to pay for fx conversion even with after we included the $1 plus fees.

[@zhengteng3959]

I saw this video after the one you did on IBKR recurring! Just wanna know did you make the switch from IBKR to fsm1?

[@JosephineTangSK]

Hi Demi, very informative content and could you share how is the setup to reinvest the dividends back to the account? Thank you!

[@mushroomtarian]

Hi Demi, for VWRA DCA, is it cheaper to buy via FSMOne instead of IBKR? Thank you!

[@ObnoxiousGracie]

Hi Demi, I follow through your step by step. However at the checkout page, the total amount was not reflected. By any chance do you know why?

[@DemiZhuang]

SGD denominated RSP? I did mentioned in the video

[@ObnoxiousGracie]

@DemiZhuang yes SGD denominated total sum was shown in yrs when you checked out but wasn't shown in mine when I checked out. Wonder why 😅😅

[@DemiZhuang]

Mentioned in the video. If it’s in SGD, there is currency buffer.

[@Shyaam666]

Hello which would you recommend more, FSM one or DBS Vickers for the S&P 500. I watched your video for both and would like to know if one is more superior to the other. Just investing for the long time horizon

[@bobafett5757]

*Your insights brilliant but want to ask is thia S&P 500 safe and guaranteed ? Also is it the same as SG Savings Bond cos I am now considering invest some of my excess cash once FD tenure expired*

[@DemiZhuang]

Nope investments are never a guarantee!

[@bobafett5757]

@@DemiZhuang Thanks for reply then what about those Endowments offer by Insurance company like 2 or 3 yrs locked in period some even 5 to 10 yrs period with yearly interest givenn some even got illness or disability and death coverage so this plan has guarantee ?

[@youbigfatdinosaur]

is this 0% fees permanently forever or a promotion for the time being only?

[@DemiZhuang]

I asked them this before too, they've offered this since 2021, strong likelihood of continuing this.

[@czsueh]

@@DemiZhuang any annual platform fee for FSM when we hold the shares under RSP?

[@soulawaken24]

Nice! Shall give it a shot when I am free. Probably will start doing the RSP into CSPX next month if I like the platform. Might even shift my VOO portfolio into CSPX in the future. Over the long investing horizon, I am guessing the difference in withholding tax should make up for any fees and currency exchange costs involved.

[@DemiZhuang]

Yeah try out the platform first!

[@ralphjoshuabatula]

Hi Demi, are you currently still using both IKBR and now FSMOne? Will you be having plans to transfer your shares from IKBR to FSMOne?

[@DemiZhuang]

Hello!! No plans to transfer my own shares over from IBKR to FSMOne. I'm maintaining both, using FSMOne to manage a sum separate from mine. If your question is asking me to choose one over the other, I'd do it on FSMOne cause it's free to invest. IBKR fee is USD$1.85 (tiered pricing) or SGD$2.38.

[@elijah8484]

@@DemiZhuanghave you compared to currency exchange spread?

[@meiyeeaw8837]

Hi Demi, thanks for sharing. But is this fsm safe? Who is the custody of the etf hold? Btw, why not splg vs cspx?

[@jamesmadison3108]

Ibkr sgd to usd rates are very good. What about fsm one?

[@Cursedxian]

Love your videos! Just recently started watching and already loving your content;)

[@DemiZhuang]

🥰

[@muhammadarsyad9813]

Hi Demi. Love your videos. Have been following you for a few weeks. Thank you for sharing on FSMOne to save fees. I just want to ask, can you create a video on Cheap dividend ETFs to invest for SG and US ? Pros and Cons ? Not many SG content creators did this topic. Would appreciate greatly for this topic.

[@raghuprasath001]

Does it work using SRS account? Also is this cheaper than Lion Global S&P 500 fund using dollar dex? Thanks.

[@chanvivian948]

Hi Demi, I just used your referral code to open an account. May I ask if I can pause this RSP at any time? And how to pause and any charges ? thanks

[@adorebeautycare]

Any fees for withdrawal or stopping the recurring transactions

[@dave08]

Is there reward if I already have FSM account but is existing user?

[@MarouenBenMessaoud]

As Usual Demi, Always Great content Videos

[@yingminlim2534]

I see local finance youtuber HoneyMoney talking about IBKR where the fees is said to the lowest in the market, can I understand why you said FSM platform is better ?

[@nigelchung86]

I am monthly buying into USA Amundi prime fund. Should I switch to this that gives dividends?

[@tinhwee30]

So what is the difference advantages of fsmone vs ibkr for investing in sp500. Sorry newbie

[@BeeLooToh-bd6eu]

Hi Demi, can I withdraw or invest the 2.5% buffer after the conversion from SGD to USD?

[@DemiZhuang]

The 2.5% will be left in SGD! You can withdraw that amount, no probs. If you don't want the buffer, just manually convert the SGD amount to USD each time after topping up before the RSP happens. Set the ETF RSP in USD too if you choose to do it this way.

[@-gohzy6134]

​@@DemiZhuangif I understand you correctly, FSMone charges no fees (commission and exchange fees). But they add a 2.5% buffer when you're using SGD as base currency. Why can't they use up 100% of the SGD to convert?

[@vijayt571]

Do you see any difference in investing ishares us index fund (ie) s&p 500 in endowus vs yours ?

[@DemiZhuang]

Endowus charges a fee on top of the fund fees.

[@masterfuture1]

Hi just wonder what stocks did u switch to fsmone broker? Also curious because I watch previous video wondering what etf do you invest still, as I think you set 800 usd per month for cspx? Just wondering as well the estate tax for above 60k, then how do you avoid it? By having more different brokers? Love to learn more from your videos! Hope you enjoy your trip to Korea as well

[@DemiZhuang]

Hello, I didn't switch. Just started a new one. Estate tax applies to US assets you own above $60,000. CSPX is on the London Stock Exchange so this doesn't apply here! Thank you :)

[@pixelbuddha7338]

@@DemiZhuang but correct me if im wrong, UK has their own estate tax(40%) for amounts above 350k too

[@samanthasong296]

Hi Demi, is it possible to set up a joint account? If yes, will you be able to advise how to go about it?

[@DemiZhuang]

Hello, I went to the sign up page and saw the option to open a Beneficiary account. You could check it out here - secure.fundsupermart.com/fsmone/signup

[@BC-hl4qh]

My assets/holdings in FSM are in my single name account. When I passed on, my beneficiary (my son) will need to claim the assets thru probate and then by liquidating the assets. Now I have a beneficiary account together with my son. When I passed on he can continue to operate this beneficiary account. No need to go through probate or liquidate the holdings since he is the joint account holder already. He will need to provide certain documents such as death certificate to FSM.

[@ukean]

For malaysia investor, which s&p500 do you recommend before they introduce cspx?

[@DemiZhuang]

VOO, Vanguards S&P500

[@ziqian2202]

Will that be also meant if using ibkr, it will breakeven at around SGD700 even with the platform or transaction fee incurred using ibkr? If incest for amount smaller than SGD700, it is recommended using fsm one which incurred zero transaction fees. Am I right to say that?

[@kdhebskh]

For RSP of less than S$700 it maybe wortth it at FSM if u prefer more frequent RSP, provided no increase in FX difference. This you can check from time to time as FX is fluctuating. Everyone condition is different, i personally dont have time to keep comparing FX rate between brokers, and confident that IBKR has the best FX rate as it has been proofen so far. Also i tend to do it less frequent with the amount of more than $1K , bad FX rate will eat up my investment at the start even before getting yield, for example S$10,000 at IBKR will get me US$26 more when converting to USD. Also at selling point FX rate is important. For S&P 500, SPY5 has cheaper Expense ratio of only 0.03% compare to CSPX 0.07%. Its also Ireland domicile. Hth.

[@clarymon]

How does FSM compare with IBKR?

[@DemiZhuang]

In my own opinion, easier to use as compared to IBKR. Fee free trade, but selling will have fees. Currency exchange rate is pretty close to IBKR. A price i’m willing to take on.

[@terencekian]

@@DemiZhuangIn the long run, will the selling fees be higher than the higher comms fee from ibkr ah?

[@lizasem4184]

hi demi, previously you were using interactive broker, why the switch?:)

[@DemiZhuang]

Hello!! I'm managing a sum of which I'm using FSMOne to DCA into the S&P500 fee free!! :) Separating it from my own.

[@Ben-gp5ty]

@@DemiZhuang Just want to ask does FSMOne charge a recurrent fee for holding the CSPX ?

[@DemiZhuang]

Nope no custody or platform fees for stocks and ETFs on FSMOne

[@thser88]

@@DemiZhuangso it’s just the fund level fees charged by the fund manager?

[@REDREDStrawberry]

Why not SPYL?

[@andrewkemp_]

Yes good point, maybe spyl is not on fsmone and this is a sponsored video? Can you explain Demi?

[@DemiZhuang]

@@andrewkemp_ It's available on FSMOne, just my personal preference to go with CSPX. Fee free applies to all ETFs RSP. secure.fundsupermart.com/fsmone/etf/factsheet/80094249/SPDR-S-P-500-UCITS-ETF-USD-Acc

[@andrewkemp_]

@@DemiZhuangok thanks, I will try this app. Ibkr only allows they ebs but fee is higher

[@bobafett5757]

What is SPYL ?

[@amirtakhtanov3088]

Hi folks! Curious if anyone here opened FSMOne account in HK? Seems like CSPX is not available here?

[@user-tx1nv1kg8u]

Hi Demi, if I want to increase or modify PSP amount from S$1.3K to S$1.6k after 3 months of investment. How do I go about? Thanks

[@DemiZhuang]

Go to account > My RSP and you can edit the RSP there

[@JohnSmith-nm2gs]

Does the promo apply to existing fsmone account holders but do have rsp arrangement ?

[@DemiZhuang]

The fee free ETF RSP, yes. The sign up reward no :(

[@unmuktyatree8200]

Thanks Demi I didn't knew about 60K USD benchmark on attracting US estate tax...

[@jrco219]

HI Demi, i have follow your ibkr guide previously. Am I right to say the difference for ibkr and fsmone is that fsm does not have transaction fee but still have to go in monthly to do manual conversion, while ibkr have to pay USD1.85 every transaction but it has the auto conversion from sgd and usd which sort of save some time and effort?

[@DemiZhuang]

Hi, you can set up the RSP in SGD on FSMOne and the conversion will be automatic. Just take note of the 2.5% buffer, leftover SGD will be in the respective cash account earning the respective % returns.It's mentioned in the video too.

[@jrco219]

@@DemiZhuang I see, so there is RSP in SGD and RSP in USD. Thanks for the response!

[@Amber-y3d9e]

When I top up my cash acc in SGD and set up for a monthly ETF RSP deduction, do I need to convert SGD to USD manually? Or will FSMone do it automatically for me when it's purchasing the ETF per the monthly set up?

[@DemiZhuang]

The ETF RSP was set in SGD? If yes, the conversion will be auto.

[@Amber-y3d9e]

Yup! Thank you Demi :) I applied for the debit card via Singpass approval but the final step I got an error saying "Exception during Add Card Controller API". :( Did the application in the FSMone app.

[@xianyuin588]

but ibkr offered fractional shares compared to FSMone. for your 1.3k , you could have get more portion of the CSPX instead letting the remaining sit there just for the 2%. and FSMone charge 8.8sgd for the transaction fees ? please correct me if im wrong. trying to learn along the way

[@DemiZhuang]

Watch the video till the end. I showed the transaction fee was $0. You can buy fractional amounts. The amount buffer of 2.5% was for the FX conversion as I used SGD to automate everything. If I chose to do the RSP in USD, the full allocation will be invested. I just have to convert currency in advance myself.

[@tfadept9906]

For FSMOne, Do you need to convert SGD to USD? or I could just buy using SGD?

[@DemiZhuang]

You can just buy using SGD. Shown how it will look like in the video!

[@kdhebskh]

Is the conversion rate good or IBKR has better rate

[@DemiZhuang]

@@kdhebskh IBKR slightly better, IBKR (1 SGD = 0.7665 USD) and FSMOne (1 SGD = 0.763828 USD)

[@andrewkemp_]

@@DemiZhuangthanks, I was going to ask this but saw this response. So assuming no fee and the spread on fx is so thin it’s better to invest on fsone than ibkr

[@kdhebskh]

​@@andrewkemp_ for conversion fee, IBKR charge 0.002%, minimum fee is US$.2 per conversion. However because IBKR conversion rate is better by 0.002672 per Sgd, so u will get USD 2.67 less when converting Sgd1,000 at FSM. The more Sgd amount u convert the lesser u get. While at IBKR converting up to Sgd 100,000 the fee remain USD2 for each conversion. Unless at FSM u only convert less than Sgd 700 each time than maybe it worth it. I assume IBKR also have better rate for withdrawal.. idk, nvr try yet.. 🤷‍♀️

[@outvest6924]

Thanks for the informative video Demi. But please check again the "Fund Account" part of the video regarding the censoring.

[@DemiZhuang]

🥲 i can’t see it.. can share w me which second?

[@outvest6924]

@@DemiZhuang 3:54

[@stevenczh]

how abt selling fees?

[@SoulandthePrincess]

Yes how about the selling fee?

[@henryng7825]

I noticed if I were to buy CSPX manually, FSM will have a fee of 20+ USD per transaction. Can I clarify it will not have transaction fees if buy CSPX via RSP method?

[@DemiZhuang]

Yes

[@267suren]

Why not VUAA?

[@ngkahfai]

Does your promo code works for Malaysia ?

[@DemiZhuang]

Ah I’m afraid not!

[@ngkahfai]

@@DemiZhuang thanks for your answer. I will explore FSMone for MY. Thanks for the sharing 🙏

[@aryanbarure1479]

Heyy im tryyna look for the CSPX in my account in MY but cant seem to find it?

[@NicholasKJable]

In MY FSMOne doesnt has LSE. ony NYSE.

[@DemiZhuang]

Malaysia doesnt have LSE

[@fld-mt8yy]

Any reason why you choose the 15th of the month to do rsp and not other dates?

[@DemiZhuang]

No particular reason but thinking from other people's perspective maybe to align with the Recurring Top up plan date too!

[@ngweiyang6154]

I had used your referral code but never receive 10sgd and 28 sgd

[@rexsongz51]

Same does it take a while to be confirmed?

[@DemiZhuang]

Exclusive promo! 🎁 Receive up to S$28 when you start your investment journey with FSMOne 1️⃣ Quote “DEMI2024” during account opening to receive S$10 cash reward 2️⃣ Receive another S$18 cash reward after you’ve made your first ETF RSP purchase Ends 31 December 2024 Crediting of the $10 and $18 cash back will be done before end February 2025.

[@TheFattywen]

Does FSM re-invest the dividends?

[@DemiZhuang]

For this particular ETF it accumulates the dividends!

[@0tosome]

The bid ask spread for CSPX may be a cost to investor

[@MrKendoex]

Can u set up auto conversion from sgd to usd?

[@DemiZhuang]

If you set up the RSP in SGD it’s automatic!

[@leonardlee5103]

Does this apply for Malaysia?

[@DemiZhuang]

🫣 Singapore. Malaysia's FSM platform doesn't have LSE I think. Just checked - www.fsmone.com.my/pricing/stocks

[@justanchua654]

why cspx over spyl?

[@DemiZhuang]

Personal choice. SPYL is on FSMOne as well - secure.fundsupermart.com/fsmone/etf/factsheet/80094249/SPDR-S-P-500-UCITS-ETF-USD-Acc

[@ngweiyang6154]

They have QQQM etf available?

[@DemiZhuang]

Yup, here's the link to search for for the ETFs available - secure.fundsupermart.com/fsm/etf

[@ngweiyang6154]

@@DemiZhuang thanks for educative video, hope to learn more from you regarding investing. I had used your referral code to open a account on fsmone

[@darrenchia304]

Min. Rsp amount is sgd 100

[@DemiZhuang]

$50

[@BC-hl4qh]

Very timely for I have been thinking of doing this but wasn’t sure of the process 👍👍. Thank you very much for making it clear for me. Unfortunately I cannot benefit from your code …. I already have the beneficiary account opened 🤨

[@DemiZhuang]

I'm glad it helps :)

[@BC-hl4qh]

@@DemiZhuang It certainly does help, save me from figuring it out. I was going to call FSM. I appreciate the good job you are doing, your kindness in sharing 🙏🙏🙏 You have a wonderful time in Korea - safe travels.

[@DemiZhuang]

Thank youuu ☺️

[@stevedice5963]

another brilliant Asian woman with a finance channel... but she's not in the USA so the info does not help

[@kohlee888]

👍

[@lioneltan6938]

Hi demi isit possible to dm you? I gt a question to ask

[@DemiZhuang]

Yup