Sg is one of the worst place to be. Portugal, Canada are good place to stay Portugal low tax.
Finland very good life balance.
Canada high tax but good life

You do know that sg PR cannot buy a hdb? They need to buy a 5 year old flat. One HDB easily sgd300k. Good luck.

For rising family no. Have you seen the kids at sg? All work and no play. 6 year old already for tuition and all kind of classes.

My friend was in sg. He told me the parents there want to hire him to teach their children sports and play games. Can you believed that?

It's not about over liberal. You want to have best work life balance. Do you want to overtime work say 10h a day or do you want to work say 8h 4 days a week? Your choice.

I do not hate sg. I am just saying they are old fashion Vs HK (unable to move USD around) or us (no fingerprint verification for withdrawal). Also ask yourself do you want to be kiasu and kiasi? I cannot imagine living that kind of life. Imagine go out makan and put tissue on the table cause scared someone take your seat.l

This post has been edited by Ramjade: Oct 30 2021, 09:35 AM

Theoretically it should be taxed as it's a source of income. But that's where the line foreign income isn't clearly explained. Is it jobs or does it involve investment? We will know on Jan 2021. If they ask to pay, just pay only. But I like what you are thinking. If it never arrived back in Malaysia, is it counted? But you never know. Govt all around the world no money already. It's a global stuff. Govt around the world trying to claw back the money they gave out. More prominent in Malaysia. Have you seen the other tax?
1) tax on all imported stuff
2) tax on courier service

The two tax will.increase inflation and cost of living as everything we use is imported.

But I am more interested in the foreign income tax.

But the thing is I never withdraw my money back to Malaysia at all. So I am eligible to be tax since the money never come back to Malaysia at all.

This post has been edited by Ramjade: Oct 30 2021, 09:39 AM

Er, isn't it obvious, it is up to us to declare, pay and fill for refund and keep the records. They want our money but refuse to do the heavy lifting. I am so gonna vote opposition in this coming election. I never voted. But

This post has been edited by Ramjade: Oct 31 2021, 11:50 PM

He don't mind giving free money to brokerage. Hehe...
Btw moomoo is better than tiger. If you can deposit in sgd50k can earn free apple share. Based off my friend who used both. I didn't open moomoo caused they asked for passport.

According to elea88 very easy to get money out from sg using their will. Based off her research.

This post has been edited by Ramjade: Nov 4 2021, 12:03 AM

Bro, you can get the free share, sell it and cash out straight away. I know of one Singaporean guy doing that with his wife. Instant I think 10% ROI. There's no penalty for doing it. Back when it only required SGD2500 of deposit. That guy did the above but still keeping the moomoo account. #truestory

You can then close account if you don't want to use them and withdraw all your money. Again no penalty.

That's what some people in the US do. Farming free cashback from new sign up credit cards and free stocks from brokerage.

When people give you free money, take it. Don't turn down free money.

It's not ethical but hey the company is the one throwing out free money.

This post has been edited by Ramjade: Nov 4 2021, 01:01 AM

For reits, use FSM. I do not know how tiger or moomoo handle rights. But FSM is very easy for rights issue. All online.

Theoretically moomoo and tiger should also be online. But moomoo, tiger beats in term of interface, tools and fees.

If you don't want to fly into Singapore,
1) open cimb sg account online.
2) open moomoo/FSM online.

Bro, I planned to open moomoo not to get free shares. I open it cause my sg friend who use TD, Interactive broker said nice things about them. I planned to get it for two reasons
1) free real time data for share price.
2) free real time price for options

I have tiger but tiger real price sort of only works on shares. And I got free Starbucks share from it. Never sold.

Like I said, hit and run. After get the free shares, sell it, cash out, close account. Mo penalty for hit and run.

For credit card, apply for it and don't use it. After 6 months cancel. I read of one guy in lowyat forum doing that for Maybank visa signature. Every 6 months reapply cause don't want to pay annual fees.

For me, I only apply credit cards that I only use. Unless they are like US where they give you free USD2k to open new credit card account then maybe I will farm credit card. But Malaysia have no reach that stage yet, so no incentive for me to farm credit card with lousy welce.bonus.

Read all the terms and condition and fees before signing up for something. That's what I did. I make sure no platform fees, no yearly fees, no penalties before doing hit and run on brokerage.
Btw moomoo platform fees is when one carry out transaction only and it's not quarterly. And fees is still cheaper than local brokerage.

For me, only thing I farm is credit card cashback. Reasons
1) it's stupid to pay in cash
2) banks giving you free money take it
3) I use it on groceries, petrol so if I use cash, I won't get anything back.
4) I pay on-time and in full and banks never make money from me.

Let's wait until 2022.

Unlikely they let you claim.l. Govt no money already.

Agreed. Use to squeeze every drop guy. Now realised investment gains > small fees. But I still keep my cost low.

This post has been edited by Ramjade: Nov 4 2021, 10:43 AM

I wished you were right but it seems like we will be taxed.




https://www.theedgemarkets.com/article/prop...says-tax-expert
https://www.thesundaily.my/business/tax-mat...vival-AY8515064

This post has been edited by Ramjade: Nov 5 2021, 06:19 PM

Just bring back the min amount so won't kena tax. I am sure there's a threshold say only RM10k/year. And only if you really need it.

Actually no. Majority of those invested in EPF only want better performance than FD.

Just go with cimb sg. It's the easiest one for Malaysians to open as it is all online. No need to visit SG. Wrong. The best way to send money to SG is using Sunway Money. Don't bother with MY banks -> banks unless you want to lose 2-3% upfront. However, I do recommend using Cimb SG -> Cimb MY as they have the best rate.

If you are just going to buy reits, be prepared to cough up cash every now and then for rights issue by reits. If you are not ready to cough up cash for rights issue, then you need to think is reits really for. It's inevitable.
Go with FSM SG. They deal with rights issue very well. Can even apply for access all from online. They are not useful for US stocks, unit trust. Avoid them totally for US stocks, unit trust.
Saxo all marketing and fees. Do not recommend them at all. Avoid.
PhillipCapital, OCBC Securities, UOB Kay Hian all fees only if you are using custodian account (quarterly platform fees)
DBS Vickers only useful if you want to open DBS account. Otherwise, not useful.
Standard Chartered high forex fees, they restrict you by preventing you from buying some US reits listed in SG. Hard for Malaysians to open. I will give it a skip.
Tiger, moomoo good for farming free shares and get instant 10% return by getting free shares. Keep in mind you can cash out the free shares after getting them and close account. No penalty. They are useful for US stocks if you don't want to use Interactive broker. I personally use Tiger for real time price for my US stocks as Interactive Broker does not have real time quotes and I am too cheap to pay for them. I do not know how they handle rights issue as I never use them for rights issue. I just use them for free real time US stock price.

Interactive broker, Highly recommended for US, HK, UK, AU, Canada, Europe stocks over anybody else. Super cheap commission and spot rate conversion (real time forex rate without any markup) and no platform or inactivity fess. Where can you find a broker which give you spot rates for converting your money and access to so many markets? Highly recommended.

Don't bother about CDP if you are buying reits. Why? If you don't have SG address and don't have access to a SG atm machine or access to a relationship manager, you cannot participate in rights issue. That's why I reocmmend FSM SG only for reits.

If it's too long, quick and short version to have
1. Cimb SG bank acocunt
2.Sunway money
3. Cimb Malaysia bank acccunt
4. Moomoo - for real time US stock price
5. FSM SG - for reits
6. Interactive broker - for other overseas holdings except sg reits.

Keep in mind I am writing this as someone who doesn't have priority/private banking in SG/SG address. Just your regular poor Malaysian. So if you have priority/private banking in SG/SG address, the above quick and dirty tutorial might not be suitable for you.

Wrong. Even as a nominee/custodian account, you get to attend the AGM. Only need to inform your brokerage that you want to attend. But like you said need extra work.
Wrong. You don't need a SG address. I registered with a Malaysian address.

Unless you are a whale or hold substantial amount say 5% of the reits holding, your voice doesn't matter.

This post has been edited by Ramjade: Nov 9 2021, 03:25 PM

The rules never change. It have always been that since I opened account. No one told me that I cannot participate in rights if I have a Malaysian account as you "must manually key into atm" for rights if using CDP. Very old fashion considering nowadays eveeubtik g can practically be done online.

If use CDP account, you need someone to press the ATM for you. Like I said , if you want to participate, just do so with FSM. Totally online and so easy. No need to queue up at ATM. Save time. Unless you are like Singaporean who love to queue.

This post has been edited by Ramjade: Nov 9 2021, 04:08 PM

If you are non DBS customer and no access to relationship manager? Only way is press ATM button. From what I saw in the chats with Singaporean investors.

I jumped shipped from reits already. Never monitor them already. Too slow.

It's all automatic. CRS form that you sign. That's the one.

Ok.

Investing is an art. You cannot follow blindly by the books. Very good example. Tesla, bitcoin, ether

This post has been edited by Ramjade: Nov 23 2021, 06:37 PM

Bro, you haven't see US reits yet. My favourite prologis is I think only 1%.

Now you know my pain? That's why I said sg govt very old fashion. In this year and age still need person to have sg address for rights. Very old fashion when you it can be done online.

For rights or placement just use FSM SG. Can be done via online unless it's private placement. Actually not true. If you catch a REIT at very low price, any rights or placement basically no impact.

This post has been edited by Ramjade: Dec 11 2021, 03:47 PM