Suggest you drop he Bank customer service an email to get the right SWIFT code.

You can forget about it as you need to spend with their cards and pay bills with it unless you are in Singapore.

Go open stashaway simple or equivalent.

Because they offer 8% return in investment in form of dividends. Higher quality reits offer only about 3-4%p.a Last time higher quality reits can go for 6-7%p.a

Don't bother with syfe. Learn how to buy your own reits. It's not that hard and not the expensive to buy your own reits Vs using syfe. Using syfe is just asking middleman to do something which is very simple at a higher cost.

All sg stocks need you to buy min 100 shares and in multiple of 100s. Prior to Ibkr, recommended buy for s-reits is Min SGD4k per transaction. I think with IBKR you can get away with say SGD2k. You can buy say 100 shares at $2.00 which cost you $200+$3.75 (commision) which is equal to about 1%+ cost just for commision.

This is to lower your cost %.

This post has been edited by Ramjade: Jun 27 2021, 10:27 AM

Typo and corrected.

This post has been edited by Ramjade: Jun 27 2021, 10:27 AM

Yes can. Just follow this guide. Step by step.
https://ringgitfreedom.com/2020/10/31/openi...for-malaysians/

You are supposed to transfer SGD1.00 from CIMB MY not SGD1k from Bigpay. Then proceed to transfer SGD1k using Bigpay.

Just be honest.

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

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

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

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

Use CIMB my and transfer SGD1.00 into it. Then use bigpay to transfer SGD999 into it. That's it. Then wait. I don't believed there will be a call

I found a more efficient DIY dividend machine rather than old traditional dividend investing. It's still a kind of dividend investing but upgraded version.

This post has been edited by Ramjade: Jul 14 2021, 12:49 AM

There's none. I found out and learned it myself on YouTube. The closes is us stocks thread. But those people inside there are short term and take profits. I never take profit. I let my winner run.

I find youube better for learning about options.

Believe in your holdings. I believed in AMD and lemonade. That's why I never panic sell. Lemonade price dive to like 50% off from what I bought. Remember that. So I have been down the road.

It's not high risk if you know what you are doing.

Trust me, once you tasted options you aren't coming back to dividends.

I am still conservative in case you think anything has changed. My rules for options is very simple. Have high conviction and know why you are buying it in the first place. Do not do options for stocks you don't want to hold.

My rules of investing never change since day one. Be defensive. I see options as a superior way to generate DIY dividends Vs going dividend way.

The only etf I will ever buy is arkk and arkw. I won't bother with any etf.
My stocks and your stocks will differ in value cause I buy all the super growth stocks. All not making money but burning money one. Year in year negative profit.

So still want to follow me?

Only do covered call on stocks you want to hold long term. Don't do on stocks which you don't have hodling power as you will panic well. My stock can drop 60% in a month.

This post has been edited by Ramjade: Jul 21 2021, 05:27 PM

tadashi987You forget to add protection against decreasing RM since you can protect now your buying power over time rather than keeping money in Malaysia. What this means is your hard earned money don't get devalued so fast Vs if one were to keep in Malaysia only.

No tax from both sg and Malaysia. Malaydia and sg does not have tax on capital gains or divisneds. But have to declare to lhdn. Sg bank account basically offer you zero interest. It's not a place for you to keep cash or FD. It's just make your life easier and cheaper for invesment.

This post has been edited by Ramjade: Jul 31 2021, 09:02 AM

Have you opened your account yet? You have to add in SGD will increase agak2 3% every year against ringgit. Then add in the 0.5% interest rate.

This post has been edited by Ramjade: Aug 1 2021, 12:41 PM