Opened tiger broker, got a free Apple share; will do the same with MooMoo broker soon

I open moomoo and get the share yesterday... But waste 6usd for repeated 1 share buying to fulfill the requirement.. 6usd exchange 155 usd still worth it I think..

Seem like tiger waive more fees.. Jus asking is it OK to have 1 apple share each from 2 diff platform..sorry with this mood question.

Dont worry, its not a mood question, thats the plan in my head too

You mean your SGD is still sitting in the bank, not working?

deposit 2k then can withdraw?

bought a handful of SIA and some other SG stocks, with mixed result

you can, but to withdraw the free apple share, you need 10 trading transactions.

Now comes with restriction. Nice bundling marketing.

That is no longer "free" AAPL.

I have sg broker account but didn’t invest yet. My sgd is still mainly in StashAway. Do you think it’s better to invest in the stock market? Thing is I don’t have much time to monitor the sg market hence I opted for StashAway instead

sg stashaway return is like 1.2% p.a, comparable to some 1 month FD here.
For monitoring, I dont monitor much, just buy and forget.

Of all thing Sia. :X

You don't need to monitor if you buy the right company. Take it from me. My investment are all buy and hold and I have left it on auto pilot for 7 years+ (no monitoring)

This post has been edited by Ramjade: Sep 11 2021, 08:30 PM

SIA okay marr, positive return, though not as good as yours lah.

Did you buy anything else on SGX? REITs/banks?

Whats best investment in Singapore, say via Moomoo platform? Slow growth low risk.

Banks, REITs (large cap, mid or small caps depending on your risk appetite), conglomerates (the Jardine family), some tech counters mainly involved in chips/semiconductors like Venture/AEM/Micro-mech etc. Banks and real estates certainly slow growth low risk, chip counters can vary from year to year, medium growth would be a better word for me.

There is no "best" investment per se. It varies from one investor to another.

Forget about investing in sg market. You want slow growth, low risk, go buy apple, microsoft, Costco, Lockheed Martin and home depot in us market.

If you die die must buy sg stocks, mapletree commercial trust, mapletree logistics trust, frasers logistics trust, elite commercial trust.

sgx itself, ocbc, sats, keppel dc reits, sembcorp...

I have heard about 30% withholding tax in US, mind to share how you navigate that?

Via moomoo can get those US markets. Futu.SG executed by Futu.US

But yes I’m screening mode at the moment.

Throw away sembcrop. Lousy. Better choices available exist such as CKI HK, CLP HK, JLEN Plc, TRIG Plc, HICL, plc (note all 3 plc are debt free and giving around 5%p.a dividend)., Brookfield renewable, Brookfield infrastructure, Fortis, Algonquin are way better anytime anyday compare to sembcorp. Have your pick.
Throw away SATS also. Reason is even with monopoly in sg, before pandemic have very weak pricing power. Better alternative like Shenzhen international. I thought sats was good company but one Singaporean showed me they are actually lousy despite having monopoly.

No way to avoid. Bite the bullet. One way I am doing to get around the 30% tax is buy 100 shares of the company. Then sell weekly covered calls on it. When you sell a covered call, you get paid for the contract. Premiums you get paid are tax free as it's counted as capital gain tax. There's no capital gain tax on foreigner from US side and there's no dividend or capital gain tax for stocks from Malaysian side.
Give you one eg.
I owned 100 visa shares. Yes the visa card company. I do covered calls on it and getting paid USD 50-70/week tax free. In one year time, that's is USD2600-3640.

Assuming one visa share price now is USD224.91 and you need 100 shares to do what I am doing, cost would be USD22491. USD2600-3640/USD22491 x100% = 11-16%p.a tax free. Yes you get to keep the whole 11-16%p.a and US govt is not taking a cut from it. More than any dividend you get paid. Best part is if your share don't get sold away (assuming the current market price is below the strike price of your contract), you can rinse and repeat in weekly basis. That's why I don't bother doing dividend investing anymore. With dividend investing, I was limited by
1) companies I can buy
- die die must buy dividend paying companies last time. Not anymore.
2) geography
- I can now i vest in US companies and don't get tax 30%
3) slow growth
- I can now have both high capital gains and high DIY tax free dividends

You can do it on any company like Microsoft, Apple, Google, SEA ltd (owner of shopee).

Keep in mind tiger and moomoo are not ideal platform to do the above. If you really want to do what I am doing, go open interactive broker, TD, or first trade.
Interactive broker
Can use your sg bank account and deposit SGD
Spot exchange rate (real time without any markup)
-better than what any priority Banking with banks/money changer can give you.
Very cheap cost for buying shares at USD0.35/transaction.
Multiple markets (US, Canada, UK, Europe,HK, SG, AU)
One free withdrawal a month
Expensive commision for options
- around USD1.00-1.50
Lousy interface
No free live data. Need to pay for it.

TD
Nice interface
Cheap comission for options at USD0.70
Free live data if you have USD500 or more with them
Unable to deposit SGD unless you have DBS SG
Higher markup for currency conversion Vs interactive broker q
Only have US market.
Long waiting time to open acocunt around 3 months.
USD25/withdrawal. No free withdrawal.
Banned by Malaysian govt as they deem it as illegal platform.

First trade
Everything is free (zero commision on stocks, options)
Free live data
US based which means you will lose money when you transfer money to them or from them (as you can only use banks)
US35/withdrawal.
US market only.

2. Buy Ireland domiciled etf from London stock exchange and get taxed 15% Vs 30%.

3. Buy stocks in tax free country like
SG, HK, UK.
Accept 15% tax cut and buy stocks from country like Canada, Germany, France.

Hope the above help you.

This post has been edited by Ramjade: Sep 12 2021, 08:02 PM