20k in RM? I thought max we can TT per day is 10k?

TT from counter, outbound fees also RM10?

Just for everyone's info, Hong Leong foreign share trading only does NYSE Nasdaq and Amex.
So if you want VOO which is on ARCA, go for another broker.

maybe money laundering concerns?

So the only way around this is to find a friend/relative staying in a country in the "approved countries list" and to use their address?

guys, its actually pretty easy to invest in oversea. doesnt need to use our local bank to invest. jus use wire transfer / telegraphic transfer to oversea investment bank / broker. jus make sure its regulated.

jus need to fill in few forms n photocopy utilities bill n ID n etc. but usualy  there is certain minimum capital needed in order to open acc.

wongmunkeong,

Come on....  As long as the beneficiaries has the user id and password, he / she can wire / transfer the money back to some where else before declaring someone is death.

Dreamer

wongmunkeong,

Come on.. 

1) Technically, there is a time gap before a person is death versus LEGALLY DEATH.  And, especially between country.

2) My spouse are told to move money out if I am in any possibility of dying..

Dreamer

wongmunkeong,

Come on...

1) There is a plan A, B, C and so on...

2) That is plan A.

3) There is always plan B like will and living trust and so on..

4) Then, there is plan C like what to give away and how to give away some portion of your money before you ended up with estate tax and so on...

<<then a high possibility of legally losing half of a chunk at the end game.>>

5) Seriously, I do not think you actually have spend enough time studying this subject.

Both of my children have investment in mutual fund now.

Dreamer

P.S.: For those kind of stuff and if a person has enough money to worry about, a person will engage professional to deal with it.  This is the kind of stuff that I use professional help.  And, it is not the kind of stuff that you can advice a person in a forum.

wongmunkeong,

You really have one track mind...

1) There are multiple kinds of accounts and assets.  For bank account and stuff, the best way is to get the money out immediately.

2) Then, you have house, mutual funds and others..  Those, you have to deal with beneficiary, trust, will and so on..

3) So, there are multiple kinds of accounts and assets.  A person PLAN AHEAD and engage professional to set all those stuff ahead of time.

So, where the heck did I say that I ONLY do one thing??

<< Note that my post to our fellow forumer was just to be aware of estate / death taxes before growing the amount to large to move / restructure easily.>>

Those kind of stuff are TOO COMPLICATED to give anyone advice anyhow.  For anyone in Malaysia with SIGNIFICANT ASSET, that person will not keep everything in Malaysia.  So, the person will have to deal laws from multiple countries.

Dreamer