Today is 228 an important memorial day of Taiwan. Also this is the last day of our quarter. I ended the quarter closing one day earlier due to the 228 public holiday in Taiwan. As no one in business today in Taiwan, I left office at lunch time. Too many holidays that makes it so hectic in the last month of this quarter. What an exhausting month!! Last Saturday night I even played mahjong for the first time of my life!! It is really time to take a break and get ready to restart.
Seize the chance of half day leave from office; I started to study the UT in Singapore. I was trying to do some study though never get myself a good timing to do so. Today I did a lot of homework. Starting from DollarDex and Fundsupermart, I found that there are more than these 2 online fund distributors actually there are several global ones available in Singapore. I even found a local fund discussion forum. People share good information and various experience here. It is very helpful. Unlike in Taiwan that we are used to buy funds via internet banking, people have different ways of investing here. These fund distributors offer attractive sales charge rate and online transaction platform, credit card & CPF payment methods and detailed market and fund performance report, which the banks such as DBS and OCBC, HSBC can hardly compete with. I also found that the fund investment and discussion seem to be very limited to those people working in securities firms; it does not seem to be a popular investment channel for the public here yet. But after checking the sales rate, it is no doubt that I should take the platform thing more seriously. For the online transaction, it only costs 1% to 2.5% for sales charge. On the other way, the banks and insurance companies may charge their customer 3.5% to 5%. Besides, the online fund transaction is not even available in local banks. Considering the initial cost of investment, the difference of 2.5% of the total investment can be a great amount of money. In addition, a rather real-time performance report and varieties of funds to choose and switch are important keys to make an investment successful.
This is a small gain today. Still there are so much to explore. I would find the weekend and keep up with the rest of study.
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