are you sure is instant?

Yes i can confirm is almost instant. Less than 10 mins the money is recieved.

Lol should I say no?
Try it yourself then you know.

Not all banks.

close

This post has been edited by chaxiupao: Oct 24 2025, 10:29 PM

It have always been my default choice. The cheapest rate among others. Speed is usually few hours during working hours.

Can we apply Maybank SG account in Malaysia like CIMB SG ?

This post has been edited by dark_elvin: Jul 12 2021, 10:10 PM

Yes, but steps a bit different from CIMB SG's account opening.

https://forum.lowyat.net/index.php?showtopi...post&p=97251606

The link shows my steps, true as of last year.

Please don't use Maybank SG... Withdraw any amount out from your broker, if not using FAST, just direct TT like IBKR/TSG, then you get charged 10 SGD per transaction... CIMB SG waived this amount.

Bro,... you trying to takeover Bro Ramjade's job and make him redundant ? VSS ?

Where got? sifu always on top of me. He already write options on NYSE. I am still collecting dividends from OCBC...

Talk about OCBC, I checked last year my purchase price of 9 SGD, if MAS dividend cap lifted, my dividend yield is a staggering 6% p.a. this year, beating all local ASNB fixed price fund!

Anyway, I think sifu don't have Maybank SG account if memory serves.

Sifu 'action a lot' only here and there ,... he's going to get burnt one of these days playing options.

Yes,.. all you mentioned abt OCBC is absolutely correct. You are also watching the dividend cap lifting,... ... what do you do, huh ? At yr age, I would be working hard at my job rather than being so updated with all these news. Looks to me like you read news every minute.

Not if you know what you are doing. Don't be greedy. Pocket small change (USD10-20/week x4-5) and never underestimate small change. Overtime small change build up. I am still conservative in investing.

Options definitely pay more than dividends and I am not going back to Dividend investing. I always for making money work more efficiently for me.

This post has been edited by Ramjade: Jul 13 2021, 10:59 AM

Still studying at uni. not yet working. Now all adults WFH, I also LFH (learn from home). It has been like that for almost 2 years. I will be returning to HK in a few months time when new semester starts.

I read news daily, not as frequent as every minute. Current research project requires programming and some reports writing, so rather flexible for me. You must be in court daily, so no time to read news haha

totally agree. know what you are doing is the key. Some strategies like covered calls, cash secured puts and vertical spread are what i've been doing to pocket the premium every month.

.. all said is right,.. I have experienced this personally too,... till the tide turns suddenly and if you happened to be 'inside a contract' at that moment, then everything changes. Dividend investing is safer,... and taking profits is a lot more lucrative if one wishes to profit.

But I will agree with the indicated : play only with small changes. If you lose, it won't be damaging. For me personally,.. too many small changes is a ot of work for too small a return. I like to buy something and leaving it there to continue earning profit, at the same time, collecting regular cash.

I let it expired worthless majority of the time. Buy 100 shares. Sell weekly covered call on it. Collect USD10-20/counter. Let it expired worthless. Rinse and repeat every week. Basically buy and forget about it except for selling covered call options on it weekly. Don't touch the mother share.

This post has been edited by Ramjade: Jul 13 2021, 12:15 PM

If the direction of the mother share reverses suddenly while you're still in the contract ? Whatever premium you have collected upfront would be affected.

Tq for the clarification, bro,... yep, you made good use of your time, and I did not have the pandemic 'helping me' when I was at your age.

Come I give you my real life scenario/story or what happen to me.

I bought lemonade at 110. It went down to usd60+ and now back to usd90+. All this while I continue selling options on it, collecting premiums every week and no issue. Never get assigned. Like I said be patient. Don't be greedy. The trick is slow and steady . My premiums for lemonade was about usd20/week. No issues.

Next, my AMD I bought at USD76, it went up to usd94 when my strike was 91. I just buy back at a loss. Yes this I make a loss and not ashamed to admit it. I could just let it assigned and buy back again or buy back. I choose to buy back but it happen once out of like 20+ week I have been doing it.

So again, so what if price move against you? What premium affected? I continue to collect premiums regardless of price movement up, down, sideways still collecting money every week. Move up or move down not a problem for me as my horizon is long term. Stick to plan of collecting usd10-20/week. Do not do anything. Do not touch mother share. Continue to collect premium. Once premium + savings + dividends reach enough to buy the next 100 shares, rinse and repeat.

This post has been edited by Ramjade: Jul 13 2021, 01:37 PM

close

This post has been edited by chaxiupao: Oct 24 2025, 10:29 PM