Banking and infrastructure. You many wonder to consider Lloyds bank

This post has been edited by Ramjade: Feb 22 2017, 11:02 PM

Just change don't wait. Too bad I am overseas.

1) Fee is FOC
2) No. Unless you buy foreign listed share on ASK, HKSE, LSE, NYSE, etc. No fees for SGX shares
3) Cash upfront (CU) non promo
SGD18/0.18% whichever is higher/transaction
CU promo
SGD10/0.12% whichever is higher/transaction + SGD5 rebate per transaction (promo is valid until end of june)

Fees
- SGX fees
- Clearing fees
- GST (0% as we are foreigners)

Keep in mind that once you use DBS V CU to buy, you will need to use DBS Vickers Cash account to sell thus incurring SGD25/0.25% whichever is higher/transaction.

You cannot use DBS V CU to sell.

That's why aiming for SCB when I am qualified. Transfer everything to them without incurring any fees (SCB will abosrb the transfer fees).

Will use DBS V CU until promo is over then switch over to Maybank KE Prefunded as Maybank KE Prefunded let you sell at SGD10 (promo rate)

Btw gark according to DBS V, I don't have any broker assigned to me as my account is an online account. Haiz...

This post has been edited by Ramjade: Feb 25 2017, 08:53 AM

elea88
i) do you have any broker assigned to you?
ii) so how about the selling part?

Maybank KE will charge you SGD10.70/transfer best if can get SCB as transfer in is free but they closed their doors.

Keep in mind selling limit is valid for 3 days only. Of course they can assign you the limit based on how much you transact with cash upfront. But I feel DBS V is very troublesome.

This post has been edited by Ramjade: Feb 25 2017, 09:05 AM

[quote=elea88,Feb 25 2017, 09:04 AM]
[quote=Ramjade,Feb 25 2017, 09:03 AM]
Maybank KE will charge you SGD10.70/transfer.

[/quote

u mean transfer in shares to MAYBANK KE?

[/quote]
elea88Yes. The above is for KE Prefunded account. See my reply above. Just edited.

This post has been edited by Ramjade: Feb 25 2017, 09:11 AM

Will do that since no point buy but cannot sell. Need to contact to increase limit some more.

To apply from here need to sahkan with commisioner of oath.

Too hard. USD10/month.

Form my point of view,

I had no choice that time when opening account. To have SG bank account must have DBS Vickers or else they won't entertain your request to open account.

The way I see it the advantage of having CDP account
1) Able to attend AGM and makan besar
2) ABle to vote during AGM
3) Share is in your name

Keep in mind that 1) and 2) need you to travel to SG. For people like me who is unable to travel frequnetly, no point having CDP account.

One thing I have learned through reading ETF investing, keep your cost as low as possible as every saving is practically extra bullets for you to buy.

Any recommendation?

A sifu told me to always plan even though you are young. Save, research, invest, plan in case you so that your love one will not suffer much.

This post has been edited by Ramjade: Feb 25 2017, 11:47 PM

Sell and put where? Bring back RM? I don't think so. Worse come to worse, HK REITS (tax free), ASX (yield more or less same with SG after tax)

This post has been edited by Ramjade: Feb 26 2017, 10:11 AM

Well for Sifu Hansel, he perfer shares to be CDP because he wants to attend their AGM. For me, I don't really care about the AGM as long as the counter is performing, don't really want to look at it.

No. If buy via DBS V CU, you cannot sell through Maybank KE Trade Prefunded Account. You will have to have Maybank KE Cash account, link it to CDP then you can only sell using Cash account incurring SGD25/0.25% commission.

Ex date is the day they pay you or (eg most reits pay on 28/2) or is it the day they announced how much are they going to pay us?

Keep in mind that if you filled up and post over, you will need commsioner of oath to verify everything. Better to apply when you are down in Singapore. Less hassle.

Ex date is the day they pay you or (eg most reits pay on 28/2) or is it the day they announced how much are they going to pay us?

I would like to attend however I need to be rational
(i) Can I take leave from work?
(ii) Will I get back and don't feel tired and ready to start work the next day?

Hence for me, attending is NOT IMPORTANT unless you are already establish and can take leave anytime you want. Is it worth getting fired from work just to attend the AGM?

This post has been edited by Ramjade: Feb 26 2017, 06:56 PM

- Nevermind - found my answer -

This post has been edited by Ramjade: Feb 26 2017, 07:05 PM

That's why for now read forum, blog, reports. That's the next best thing one can do. Btw, please check your PM. PM you awhile back.

This post has been edited by Ramjade: Feb 26 2017, 07:35 PM

Can always queue in the night or in the morning what.

I am just hoping the US rates does not have much impact on SG rates. However SG import their interest rate from US I am always late to the party. From FD, Amanah Saham, FSM, not S-REITS

I apply in person at MBFC. Yes. you can apply via POSB/DBS.
https://internet-banking.dbs.com.sg/ibAPL/C...ount_stp_ib_btn
https://www.posb.com.sg/personal/investment.../vickers-online

I am going to move to Maybank KE (not qualified for SCB) as I find that DBS V is troublesome (I am using cash upfront account). Reasons:
(i) If you want to sell, you need to email/call them for approval of limit. By the time they approve your application via email, the price could drop.
(ii) When you sell, you can't use cash upfront account but you need to use cash account which will incur charges of SGD25/0.25% (whichever is higher) vs cash upfront at SGD18/0.18% (whichever is higher)

I think this is for Priority customer? Yes? If you can qualifty for Priority service, better suggestion would be SCB SG. SCB SG is still accepting priority customer. No brokerage fees (min fees) and custodian fees for priority customer (you only pay clearing fees, . Best part is according to prince_mk, all your stocks holding are counted so you don't need to buy anything from them. However it's not under CDP and hard to attend AGM.

This post has been edited by Ramjade: Feb 27 2017, 09:20 AM

Surprisingly to buy Manulife US REITS from SG using USD is hard. They don't accept direct transfer of USD. They will require you to TT the USD to them even though the USD is in SG itself/drop them a cheque (for MKE). For DBS V, need to visit any of the DBS branch. Like WTF



This post has been edited by Ramjade: Feb 28 2017, 07:34 PM

You can pay using SGD but why bother paying the bank extra money? Sifu Hansel said he used USD changed from Midvalley to buy Manulife (and he uses DBS which means it's possible).

I have already found a cheap way to bypass DBS MCA/other banks foreign currency notes charges (need large amount of USD for it to be effective. If use small amount of USD, better to deposit via counter and pay them the fees)

Elea pay in SGD. Sifu Gark does not hold Manulife US.