CIMB Malaysia memang troublesome to open account.

No need wait. It's all online. Just make sure you have sgd1k inside Maybank to make your life opening CIMB sg easier.

I use excuse for investing last time for CIMB sg as well. Maybank sg 2fa support SMS authentication.

Excuse for opening cimb sg.
No need to to services. Just pay new payee.

Alternatively just call them and ask for new security device. Faster than email.

What are you doing now wiith your SGD? Hope you don't mind asking. Hopefully you don't answer me with SG FD.

This post has been edited by Ramjade: Sep 8 2021, 08:37 PM

Maybank sg app have 2fa build into them?

No he is saying Maybank sg app have build in 2fa authenticator. Hence if your physical token is lock or damaged or no battery, can still use digital token.

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

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

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.

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

Trading212. But IB is the best for UK ETF. Trading212 uses IB as backbone.

Lots of value trap in sg market (GLC) and subpar companies.

This post has been edited by Ramjade: Sep 12 2021, 11:26 PM

If I hold it means it's buy and hold. Moat can be erased with crypto. Keep in mind about that.

Do t bother with CIMB sg if you are moving to sg. It's only good if you are want to bring money back to Malaysia. Then again, if you are in sg lots of fintech can match or have better rated than CIMB sg.

One of them is singx.(highly recommended if you are in sg)..Others are world remit, revolut.

Go with dbs my account.
You don't have fall below fees.
You can use to to received foreign currency
Plenty of ATM Island wide.
I have dbs my account and I only keep SGD0.10 inside. Lol

Quite surprised that their website so outdated Vs CIMB MY site.

Last the no call. The will just send you everything via mail. Need to wait around 1 month for it everything to arrived. Keep in mind to check your email. They will send you an email.

That's was during my time.

Use CIMB sg. Forget about Maybank sg. Alternative is use TransferWise. The rates between CIMB sg and TransferWise are interchangeable. Sometimes one is cheaper than the other.

Need to be priority to open with them?

Care to share the deals you made with them? Or step by step which you take to open account with UOB?

Yes but he said need to made deals with them. So don't know deals he made. Wish he can share more.

This post has been edited by Ramjade: Sep 27 2021, 01:39 PM

Use Bigpay.

For now bigpay. Coming soon mymy card/youtrip card. Don't know when launched. I don't think merchant trade is good.

He/she wants to buy stuff. Not send money to sg. Sunway money is way better than instarem or wise in terms of rates and final foreign currency. I don't bother about inatarem anymore. They are now expensive. I dont know which one have best rates for hkd as I don't bother sending hkd.

This post has been edited by Ramjade: Oct 6 2021, 12:17 PM