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 Global Trading Accounts, Investing in shares other than KLSE

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normanTE
post Apr 3 2014, 05:23 PM

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QUOTE(TCBiP @ Mar 31 2014, 12:33 PM)
Hi Rosdi1,

I have just opened an trading account in Interactive Brokers but have no idea how to transfer fund from my local bank (Maybank) account to IB trading account, could you please assist on this issue ? Thanks a lot smile.gif
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eh u all realise either etrade/sogotrade/ameritrade/ upon dividend collection there is 30% non-us citizen witholding tax. where as if u are buying same stock from LSE eg gsk.l british petroleum.london or hsbc.london there is no taxation for british stock. which at the moment local bank trading fees for uk stock is 0.7% or minimum 97 GBP per trade and stamp duty 0.5%

eg if u bought 100share of GSK at 1590pence = 1590 + 97 gbp + 7.95 = total is GBP 1694.

agree local share non have good track record of dividend increase and stable pricing for the last 20yrs.
china shadow banking have made many private equity to flee china stock at the moment. no doubt if u have 20-30 yrs of investing horizon will have a very bright future. i am a diversified investor
my portfolio. (anything had no miss his earning for the last 10 yrs + high dividend yeild)
bank of china 3988.hk 7% no tax
hsbc
standard chartered
coca-cola
kraft
tesco (bought recently below 290pence)
gsk
PM
unilever
shells
china mobile and petroleum
british petroleum
berkshire b class
altria group
macdonald
visa mastercard and american express.
nestle lindt7sprungi swiss reinsurance zurich insurance munich reinsurance,
burberry
LVMH
vanguard s&p 500 index funds (can only use tdameritrade to buy)

above mentioned non of the local equity can match their size or competitive advantage.

as for transfer easy la. go to ure local bank and ask for assistance.




This post has been edited by normanTE: Apr 3 2014, 05:55 PM
normanTE
post Dec 10 2014, 05:01 PM

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seriously this maybank foreign stock is pretty screw up
for the london stock exchange it will cost you 0.7% or 100gbp whichever is more
and they dont offer foreign currency account or foreign currency credit or debit card.
which is another drawback.
seriously if we are living in open market this bank will kena screw big time. ( i can guarrantee you most of the local bank cant survive with the rock bottom trading fees that foreign bank is offering.)

https://www.cimbanque.com/
https://www.sc.com/sg/ways-to-bank/online-trading.html




normanTE
post Dec 10 2014, 05:04 PM

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if for low us securities account. no minimal to start or maintain can even be 1000us

try http://www.sogotrade.com/
https://www.zecco.com/
normanTE
post Dec 10 2014, 05:10 PM

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u pandai pandai trade first with 1000usd if at all it earned to 10,000 us can keep with banking as they do come with debit card/
another fantastic broking account is
http://www.investorseurope.com/
this account allow you to access moscow stock exchange and shanghai stock exchange directly with no minimal requirement

 

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