maybe he has 1 share... so IB give him 1 finger... lol... dunno man

quite sure his Swiss share is held by ibkr Europe somewhere not ibkr USA...

Hansel

https://forum.lowyat.net/index.php?showtopi...ost&p=102419542



So IB is wrong?

aiyoh...

I remember saying it's about to peak liao in 1-2 weeks... be careful best to take some profits... now give back a few BMWs liao... nvm lah haha

How much is your banking fees to transfer out from IBKR ? This is banking TT fees, NOT that USD10/withdrawal which is charged by IBKR for administrative work.

You keep saying spot rate,... we will compare one day,... I also have spot rate from my broker and from my prvate bank,... but okay, let's leave private bank out.

I'll refer to your question here : Is can you add at such miserable yield? Just answer me this.

Then I will reply : Why you never bought earlier ? Why you never took the trouble to study and the risk to enter earlier ?? That's your own fault.

Okay,... let's say I have not bought any of the above and everything is so expensive today,... then it's my fault again if I never bought around March last year and it would again be my fault if I couldn't find another gem at today's price. Right ? It's not the mkt's fault.

I forgot abt my forex pair for a few months. What news to see constantly ? So long as I know the macroeconomy is in my favour, I can forget about it.

You sure you can forget abt your Options after you entered a position ? Your counterpart can always close his position earlier with American Options. You will need to observe closely and take mitigating actions if he closes his position before the Expiry Date.

Ohh,... okay, nvr mind,... I will chk,....

No idea. Cause I don't withdraw anything except once to test water. I withdraw once before, it was free. Convert to SGD and withdraw to CIMB sg. Free.

You are not answering my question yet. I did buy last year. But last year was a fluke. It ain't going to happen again. Can you add at such miserable rates going forward? This is the question assuming yield not going to back to the the good old days. Assuming you are starting out again like many of the people, can you add at such miserable yield? For me, no. It ain't worth it to get 3-4%p.a

Something need to tell you, unless your options is worth lots of money very rare for it be exercised early. Why? Because there's extrinsic value left. My options are all the type that expired weekly. If they want to exercise, long time already exercise.

This post has been edited by Ramjade: Oct 8 2021, 07:56 PM

have to check T&C... ideally tax obligations are the customer's... so for an international company with multi national customers... they should have a way to manage taxes properly...

I am not a lawyer though. PM Hansel but no reply... Maybe need to give him some room to relax.

Don't bother so.much.with dividend tax. Just buy and experiment. If they taxxed you too muh, go the options way as I told you via.PM. Dividend tax solved.

If you really want to claimed your tax, you need to open an account with the tax agency of that country. Do anual filling to get back your money. You need to think how to open tax profile in that country if they don't have online account opening. Do you really want to fly there just to open an account? How much is the air ticket and the accomodation going to be?! Can you make back the air ticket, accommodation by filling for rmtax refund? Something to think about. Even the thought of filling up more paper work already make me more headache. Hence I take the easy way out. Let the govt earned the money since they are so desparare for it. I get "cashback" for the dividend paid by doing options. Learn options and keep things simple. Less headache.

lawyers can't help... need international tax agents...

anyways... I'm quite sure IB is correct... in that they buy for you in their name... and Hansel is also correct... in tax treaties and tax obligations...

hence to get back what is owed with ibkr... you have to file a claim and pay a fee...

had you bought Swiss stocks with a Malaysia broker... the 15% wht would be correctly used

ps... there is no need to fly any where like Ramjade suggested... lol

This post has been edited by dwRK: Oct 8 2021, 11:19 PM

Different people of different ages have different risk profiles and asset allocation.

You are a young fella starting out, You can afford to take the highest risk. If i were you, i will invest 30% of my assets in BTC.

Olde farts like me may be very happy with 4% returns. Which i am not BTW.

Ok, so IB is not correct lah. In the end it is the beneficiary's country of origin (Malaysia) that matters for tax treaties consideration. I find it not very fair that I need to pay fees if the law of Switzerland etc. already establish a treaty with Malaysia. The cost of getting my fees exceed the amount that I can claim back, not economical... Ridiculous

It is like the treaties are there for no reasons and useless.

This post has been edited by TOS: Oct 9 2021, 05:27 PM

biggest known problem for nominee account. that is why broker selection is important "for your needs"... also IB didn't force you to sign up...

fee is usually to discourage baseless claims... also low cost brokers need to cover extra work... lol

anyways... UK, US, MY... all looks like 15% wht with Switzerland... so really dunno the story

Anyone hold Propnex (OYY) here? any view?

Asset light business model, strong ROA/ROE and in net cash position. But net profit margin below 10%, only around 5-6%, entry barrier rather low with other competitors like property guru, 99.co etc. in the market.

It would be nice if you have friends in SG to tell you the real estate agency market over there.

Don't bother. If you want asset light stuff go for SAAS. Adobe, Microsoft/Google, docusign, Crowdstrike, shopify. Please don't waste your money. You will thank me 5 years later.

Yesi maybe I am bias as I have some money invested in them but I put my money where my mouth is.

This post has been edited by Ramjade: Oct 10 2021, 02:43 PM

I was away from my desk for two days.

Let me reply at midnight now.

To ur first para, then you are in trouble. When you need to withdraw one day, you will be surprised with what you do not know. You have not tested one full cycle of your investment activities.

Let me comment on : you did buy last year. But you have not bought enough. So, you are bitter abt life, and hence, started to say Options is the best for everybody. And everybody shld forget abt dividend stocks. Tell you what,... I know abt Options too,... I know abt Selling Covered Calls to collect premium, but I still wouldn't say Options is for everybody and everybody can forget abt dividend stocks.

I 'continue to start out everyday', identifying dividend stocks STILL WORTH going into. Why am I doing this ? Cos I know I can't pour everything I have into one or two stocks and destroy my wealth if these stocks fail. Diversification is the utmost principle of investing. And I don't like to average-up. Averaging-up reduces my margin of safety and my profit margin. Hence, I will always have 'new stocks' to work with, including today.

You just don't know how to uncover hidden gems.

To your last para,.. weekly options ? Such a short timeline,... then you are earning peanuts for the risk you are taking. The risk/reward ratio is not worth your effort. Lots of work to watch for counters, and lots of work to read if anything has changed before you start a new weekly position.

Tell you something,... I am still topping-up on a dividend stock, TODAY, that is worth it,... 6+% yield at current price. I just queue at 'Good Till Max' and everytime it touches my lower price, it will get matched. There are always gems to be uncovered.

Bro, why should I withdraw if I don't need the money? I already know I can convert to SGD and withdraw. Already tested that can withdraw to CIMB sg. So no withdrawal issue on my part.

I did buy but I left some backup cash for in case it dip further. You never know if it will become like 2008.

I don't buy so many stocks as it's diworsification. I prefer to concentrate my holdings to stuff I believed in. Sometimes you have to average up. No choice. Hard lesson learned. Same I hate to average up but I have seen my mistake. Stuff I assume exoenst became more expensive. Hence I got no issue average up now.

Actually selling weekly options for me is quite good. You have thetha working with you rather than against you. You want your options to expired worthless. Yes by going more time you can repair but so far from personal experience, weekly is better for me. Actually not much work. Put in order on Monday. Monitor the news and price. Once a week "work". The once a week work 1200% my cashflow Vs dividends.

There are plenty if 6% companies left. Question is how many you want to own? I know some guy owning like 200 companies including junk. You want to own junk or quality? I prefer quality over quantity.

All the best with 6%p.a dividend. Honestly speaking. Cause what work for you wont work for me.
For me, I am never coming back to dividend investing after enjoying the returns from selling options. There's just no way.

This post has been edited by Ramjade: Oct 11 2021, 02:01 AM

Adobe, MS, Google and Shopify already matured while only collecting dividends atm

Crowdstrike and Docusign especially the former would be the growth instead

With those counters rather do ETFs and average down for better diversification and save on trade cost for long term holdings as there many pick to from as it is gonna be super competitive with more and more new choices coming in

Look for LATAM techs as they are still undervalued and more potential growth with the exceptions of Mercadeo Libre