Just to share:
I've transferred from iTrade to TDASG (TDAmeritrade SG - rebranded from TDAA) all my US stocks
Thus, should be do-able for SG stocks too - ie. iTrade to SG broker.

1. iTrade or HlLeB will convert RM to SGD as necessary, following their rates, to pay for BUYs.

Dividend received will remain in SGD if U opted to have multi-currency account.

2. Yes, paid iTrade to transfer but it was very negligible if I recall correctly. No need to pay receiving broker

3. Huh? Gold ETF Yearly mgmt/admin fees?
U mean GLD? That's a U.S. listed ETF, not SGX.
if I'm not mistaken, the fees are factored daily into the daily NAV, thus affecting their market bid/ask price

hmm.. similar situation U & i.

Currently holding only about 1% of my liquid assets in "paper gold", accumulated bit by bit during the slide through the past few years via PBank Gold Investment a/c - 4% charges. Haven't been accumulating for awhile since the current RM gold price is way higher than my total average cost.

Planning to have about 3% to 5% (depending on gold price's ups/downs) but future purchases will be via GLD unless it's hard to transfer $ out to my TDA-SG account. If there is still the sekatan, then PB lor (about 4% spread buy/sell).

However, my reasons for gold is not because of fear of currency crashes coz all the big boys did their version of QEs and i'm no seer/oracle to know what will go down/up. Thus, my simplistic reasoning & approach is just for asset allocation purposes - gold being a % of my "cash" - which it is looooong time ago

Dead simple reasoning & execution - i can't handle complex

This post has been edited by wongmunkeong: Jul 12 2017, 02:31 PM

GLD = US listed "gold ETF", can buy via US-linked brokerages, like TDA-SG, IB, even local brokerages that has US access

TDA-SG / TDASG = TD Ameritrade Singapore (was previously knowned as TD Ameritrade Asia or TDAA)

PB's Gold Investment A/C - fyi, if U DIY online via PBeB, lower spread /cost leh


Stock options = simple/clear to understand & execute when U map to buy/sell stocks with "promissory notes"/contractual promises AND execute simple stuff like credit spreads, naked puts, covered calls, iron condors - all these "executions" are just combination of 2 basic stuff je

Aiya, expensive this/that. It all depends on how much one can nego with brokerage AND the size & frequency of orders ma. I'm not going to bother with $1 or $9 when my order's value itself is $25K. Use the right tool for your own right situation AND your situation may not be other's situation

This post has been edited by wongmunkeong: Jul 12 2017, 07:39 PM

execution of estate plans may kill the assets' - ie. cost to execute in several countries... vs assets' value in those countries..

IMHO, look-loom / knowing is ok
BUT if executing & learning SEVERAL different stuff at the same time.. may "chow for yup moh" (mixed up until kaboom)

my masters (books) say best to master 1 area/item & structured/systemize liao
THEN
move on to another new area
NOT
before as the areas may be so convoluted & nuances missed out can cause kaboom

No absolute right/wrong ya - iKuli just thinking out loud

This post has been edited by wongmunkeong: Aug 4 2017, 10:55 AM

From my readings in IRS +Deloitte and stuff:
NRAs (non resident aliens) - stocks, bonds, financial instruments, properties amounting to >USD60K will be taxed 40% or 45% upon transfer to beneficiaries.

Solution:
Go through brokerages that are NOT following US estate laws, eg TDASG follows SG estate laws

Cheapest this/that may not be the cheapest at the end of the day OR for one's final goal(s)

Just thinking ya - no absolute right/wrong, just Wong

spot on gold bro
thus, the brokerage's setup / incorporation & follow which country's law is the AHA!
also.. i still dont get the "woohoo" on direct-SG purchases (ie individual account like MY's CDS) vs nominee /brokerage trust

IPO - so what? i always recall why people IPO, ie current shareholders wanting to IPO
i don't want to be SOLD to
i want to BUY based on my own parameters
maybe i'm just stupid..

In SG? no issue ar
AU - no idea, i dont have brokerage a/c there, sorry
US - had until i found out estate law issues and liquidated/transferred to SG BUT to my own name & passport #/etc (ie can prove i transfer to myself)

Also keep in mind, if OWNER request transfers = owner supposedly still alive, thus shouldnt be estate law issue
but if "found out" later owner kaput and it's someone else representing owner... IRS (if US la) have the legal right to go after fraudster.
eg.
just like in Malusia, i died and my wife happily go into online a/c with my userid & pwd to transfer $ out. it is by law, not legal, as all my assets are supposed to follow estate law liao.

again - above is my own reading (the right way Vs cases of ppl doing wrong way and kaboom) + practice, not lawyer here ar..
just iKuli, not a NON-expert EXPERT

This post has been edited by wongmunkeong: Aug 4 2017, 11:17 AM

why still got make so widesweeping statement?
the long term return of anything can be negative on average coz the majority of anything is less than the minority which is superior
eg.
33% of people are smarter than the other 67%, thus the average is lower IQ than the minority - so..

eg 2.
90% of businesses closes within X years of business, so dont do biz
OR
do biz with good risk/cash flow management to be the 10% and/or have plans to try 11 times (fail 9 times stats + 1 buffer + 1 succeed)?

sorry ar - sarcasm high coz too much such NON-expert EXPERT Qs in my office..

Speaking for myself, unlike others assumption, i'm using HLeBroking (Malaysia) for SGREITs. IMHO, the cost per dividend isn't much as a % if U can afford to invest in SG. I'd rather do this VS running over to SG to open a/c, transfer of $ to that brokerage, etc.

Note - for US stocks, i do have an SG account but it does not require me to run to/fro and etc.
Being effectively lazy is an art

er.. i thought it was minimum 100 units nowadays?
hehe - U look to be a bigshot, 10x

Div? no need to declare unless U just want to declare to buff up your passive income (maybe for loan or investor purposes?).


yup, and to add to that, if one has other stuff in a centralized bank/brokerage..

some youngsters think 1 way, their way, is the BESTEST ma
neber mind, those of us that knows the nuances treat him as TCSS until a nugget of truth comes out from the 100 mph mouth/typing

This post has been edited by wongmunkeong: Dec 13 2017, 04:00 PM

Personally, i do a >=SGD8K value per transaction to hit the minimum transaction cost, thus i don't buy based on units. I've also CIMB iTrade - similar for me with HLeB, it's based on the value transacted, not units wor.

U are on CIMB's iTrade or the other CIMB platform (i can't recall offhand)?

https://reits.yieldsavvy.com/singapore/2018...symposium-2018/

Just to share - in case there are interested fellow investors the link above - no, i'm not affiliated or related to YieldSavvy

Hi MK! Thanks for being a member of YieldSavvy.com; I hope it's helpful to you

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Founder, YieldSavvy.com

HLeB has multi-currency account too

looking at my net dividends (brokerage sapus a bit), my net dividend receive dropped 28.35% per unit
so, ya, the 27% drop is real.

Thank U for sharing JPMorgan's write-up Havoc Knightmare.

No upvote/thumbs-up in LYN, thus old skool TQ note

yeah - consistency AND follow-through / execution is key for any plans/methodologies.
"bulls make $, bears make $, pigs get slaughtered"

omg... if they've our data on overseas accounts via the "perjanjian pertukaran maklumat secara automatic", why the invite for interview?
just thinking - nothing to hide but what a waste of time especially if one is a worker/employee.

best of luck sis.

as far as i'm concerned, buy-sell isnt taxable for me as that's not my job/active income.
if it aint taxable, optional to declare ma - and anyhow, they already said they are on some perjanjian automatik share info thinggy.

IMHO, very grey area as to when trading (buy/sell) = work but since i'm a worker +my transactions arent high...

i'd love to have such problem bro <envy>