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 Opening a Bank Account in Singapore

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Hansel
post Oct 12 2018, 11:59 AM

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QUOTE(Ramjade @ Oct 12 2018, 11:44 AM)
Alright. Challenge accepted
FSM SG 0.08%min SGD 10 no need to lock up USD100k with them.

Care to share what broker is that 0.12%?  Is it valid for PB customer only?
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Appreciated your confirmation !

That's right - you will have USD10 minimum comm if you don't have USD100K with them.

How abt other brokerages ?

Anymore that can challenge 0.12% with NO minimum comm and no monthly fees ?
Hansel
post Oct 12 2018, 12:09 PM

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QUOTE(Ramjade @ Oct 12 2018, 12:01 PM)
Another brokerage I am eyeing,  Exante. Not sure how reliable is it.
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What is the comm % and the minimum comm ?
Hansel
post Oct 12 2018, 04:13 PM

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QUOTE(Ramjade @ Oct 12 2018, 11:44 AM)
Alright. Challenge accepted
FSM SG 0.08%min SGD 10 no need to lock up USD100k with them.

Care to share what broker is that 0.12%?  Is it valid for PB customer only?
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QUOTE(Ramjade @ Oct 12 2018, 12:01 PM)
Another brokerage I am eyeing,  Exante. Not sure how reliable is it.
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"Sifu",...

Anymore opinions ??

Or my brokerage with '0.12% with NO minimum comm and no monthly fees' has won the best prize ??
Hansel
post Oct 12 2018, 04:38 PM

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QUOTE(Ramjade @ Oct 12 2018, 04:20 PM)
Actually no. Exante is cheaper. But I am on phone now. Can't really  check their price.
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Thank you for your help,... let me know after your call,....
Hansel
post Oct 12 2018, 04:43 PM

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QUOTE(Ramjade @ Oct 12 2018, 04:40 PM)
Bro I am on phone means I am browsing via phone. tongue.gif
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Hansel
post Oct 13 2018, 12:01 PM

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Thank you, bros,.. for contributing to my discussion here,... and bringing up Maybank KE as a possible challenger to the offer given to me,...

But Maybank KE has the $10k daily minimum balance condition,... whereas my brokerage does not.

Mine is not Maybank KE,...
Hansel
post Oct 13 2018, 01:36 PM

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QUOTE(fairylord @ Oct 13 2018, 12:47 PM)
Boss, what's the broker if not MKE, not disclosure?
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Bro,... I would like to disclose,.. but I'm still negotiating the package with them,...
Hansel
post Oct 14 2018, 06:01 PM

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QUOTE(Showtime747 @ Oct 13 2018, 02:46 PM)
I don’t get it, why a taikor like you need “no minimum commission” ?

I thought only bro ramjade is interested... just joking...biggrin.gif
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I am thinking of buying 100 units at a time of a certain counter to test out a theory....
Hansel
post Oct 14 2018, 06:35 PM

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QUOTE(kart @ Oct 14 2018, 06:32 PM)
So, this brokerage does not provide the offer of 0.12% with no minimum commission and no monthly fees, openly to the public (retail investors)? Perhaps, this special offer is only given to high net worth individuals like you, who pledge to maintain high trading volume each month, right?

Alright, Hansel. smile.gif After the negotiation is completed, kindly tell us the name of the brokerage.

Maybe, average Joes like me are not eligible for this special offer as of now. Perhaps, when our net worth is same league like you in the future, we may be qualified to obtain this special offer. smile.gif
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Bro,... don't overestimate me,...

I'll update later if successful,... thumbsup.gif
Hansel
post Oct 15 2018, 01:04 PM

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QUOTE(Showtime747 @ Oct 15 2018, 07:04 AM)
To test a theory like buying 100 units at a time, you don’t need to actually buy the stock.

You can use your own spreadsheet for simulation, or use a dummy account provided by the stock broker

Save your time and hassle to “negotiate”. Your broker must be scratching his head why you need the minimum amount
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Not all possible outcomes that a stock demonstrates can be observed by a simulation model,... I would prefer a real environment, whereby I would perform that activity to see if really the stock price can be 'controlled'.

But having said this,... it's a theory that I have in mind,... it's not necessary that I would want to actually do this. It's a way to amuse myself, with the coming mkt correction...

Doesn't matter what the broker thinks,... biggrin.gif

Hansel
post Oct 15 2018, 10:56 PM

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QUOTE(Showtime747 @ Oct 15 2018, 07:25 PM)
You want to buy/sell the last 100 unit of the day to control the price ? Like UMS now 0.68, you key in 0.80 and buy ? Can that work ?
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QUOTE(markedestiny @ Oct 15 2018, 08:27 PM)
I m guessing he would issue out multiples of these 100s throughout the trade to influence the price. That's why negotiate for no minimum.
Maybe he can clarify if what I assumed is correct.
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Bros,... I'm trying to see if I can support a price with a strong floor in this correction. But, whatever I do,... I'd have to try my best to ensure compliance, and not to influence the mkt wrongly, breaking mkt governance rules.

I believe in the SGX.
Hansel
post Oct 16 2018, 09:05 AM

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QUOTE(Showtime747 @ Oct 16 2018, 08:11 AM)
I doubt 100 units would have enough influence on a market like SGX.

Despite the small amount, from the sound of it, you are doing something artificial to influence the market for your own gain. Better be careful especially in Singapore.
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It's not just one-time 100 units,... I'd prepare a successive barrage of pockets of 100 units shares for a period of time, just like what a stabilization manager does.

Anyway, it's just a theory, bro,... I'd probably give up on this,...
Hansel
post Oct 16 2018, 01:46 PM

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Appreciated your comments, bros,... better to close this discussion,... I'm not doing this anymore,...
Hansel
post Oct 30 2018, 11:58 AM

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QUOTE(Ramjade @ Oct 29 2018, 08:21 PM)
Excerpts from the webpage of Transferwise :-


TransferWise is an authorised Electronic Money Institution regulated by the Financial Conduct Authority (FCA) in the UK.

We're required by law to protect your money by storing it in a low-risk financial institution (in Europe this is in our UK Barclays bank accounts).

That means that, in the unlikely event that TransferWise became insolvent, your money would be unaffected and should be refunded to you in full.

If our official Banking Institution (in Europe this would mean Barclays), became insolvent, your return of funds would not be guaranteed as the account is not guaranteed by the Financial Services Compensation Scheme (FSCS).

We take the safety and security of your money very seriously. We fulfil rigorous regulatory standards in UK, Europe, US, and every country we operate in. As such, millions of customers trust TransferWise with their money, we currently move over £1 billion around the world every single month.

----------------------

We have to see the terms and conditions imposed by Barclays Bank for claims by us if there is an insolvency event with TW.

Secondly, how long to settle the claim and refund the amount ?
Hansel
post Nov 4 2018, 09:41 PM

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QUOTE(Ramjade @ Nov 4 2018, 09:03 AM)
Just open account. No need to use it. But from what I gather it's USD1 (from their customer service). But it's a hassle. Unless you can do it in person. If do via Malaysia need commissioner of oath if I am not mistaken.

When the price is low enough, whatever shit that they thow at us the dividends already in excess of 7%. Of course if you buy in at IPO price then yeah,  you need to worry. I never buy IPO stuff. At the price when I buy in to get access to rights,  dividends already > 9%. With rights price my dividends is >10%. Let's consider the rights no good,  dividend is definitely >7%.

I am taking my distribution in USD so that I can buy something in USD. I ma not changing over.
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Tell me, bro,.. what is the amount of dpu that you perceive it will be at for Keppel-KBS US REIT AFTER the acquisition and the Rights Issue exercise, ie after everything has been completed ?
Hansel
post Nov 4 2018, 09:42 PM

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Guys,... yeah, try NOT to convert back your USDs into SGDs. The USD is anticipated to strengthen further in the coming months as the Feds raise the interest Rates.
Hansel
post Nov 4 2018, 10:29 PM

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QUOTE(Ramjade @ Nov 4 2018, 10:18 PM)
For me if more > 7% ok already. No need to put high expectation. The lesser expectation the better. Won't be so disappointed if it fall below expectation.
But as mentioned by Knight, because the price we buy is so low, dividend should be quite high. Quite.
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How can you tell the resultant yield you will be getting is going to be more than 7% if you do not know the estimated amt of the dpu post-acquisition and post-Rights Issue ?

So, what do you think the estimated dpu would be ?
Hansel
post Nov 4 2018, 11:25 PM

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QUOTE(Ramjade @ Nov 4 2018, 10:43 PM)
http://reitdata.com/category/yield/

I don't need to pening calculate here and there until cents. All I need to know is what's the % I am getting.
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This 'REITDATA' table informs on current annuliased dpu before any cash-raising or other corporate exercises. To judge on whether an acquisition if good for unitholders or not, we should look at the annual dpu post-acquisition and post-exercise.

You do not know how to calculate the resultant dpu to a reasonable degree of accuracy !

You are merely working on the fact that,... hmm,... since my price is low enough, and the dpu remains the same as per pre-acquisition and pre-exercise, how bad can my yield drop ? And well,.... furthermore, how FAR can the dpu drop ?

I have estimated the total dpu payout from Listing Date, 9 November 2017 till end-of-4Q 2018 to be at least 6.62c.

This 6.62c CANNOT BE MAINTAINED post-acquisition and post-exercise. It will definitely drop !
Hansel
post May 18 2019, 08:08 PM

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Congrats, bro,.....

What's your next step now, if I my ask,....

To @Jordy, steps are here,....
Hansel
post May 19 2019, 08:48 AM

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QUOTE(604weekendwarrior @ May 18 2019, 10:18 PM)
I'm still trying to figure out what the best way for me to open a CIMB account is.
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SO your objective of opening accts in SG is to be able to transfer funds easily bet SG and MY, is it ??

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