Not sure whether should i depo more at this rate..

It's the rate from Thursday

Last Update : 30 Apr 2015 at 17:55:01
Disclaimer : Rates displayed are indicative for the day and subject to change without prior notice. For the latest Currency notes and Remittance rates, please refer to your nearest Maybank branch.

What long term stock u all bought?

i actually bought some usd for stocks payment on thu 30/4.
but it was by phone to the broker in cimb, estimated 3.533/3.545 in the morning.
i have yet to see the actual becos of the holidays.

stocks for keeping... yeah, good idea to share.

since this is ETF thread, i'll start the ball rolling.

i have a bit of these most/more liquid US ETF's:

SPY (S&P500)
XLV (healthcare)
QQQ (tech)
OIH (oil services)

3.55-3.60 is probably a fair rate to deposit, imo.
now, usd relatively weak with rising oil price->stronger rm.
but i can't see oil price rising much more so soon.
and we never know if usd will strengthen bigtime soon->oil price drop->weaker rm!

recently at what price u deposited in USD?

like i just mentioned, will know actual for 28/4 purchase only next tue due to holidays. estimated 3.545.

will be buying again next week to commence with IB, yet to see...

What you mean?

I can directly know the conversion price immediately when I TT to US.

Yes, you will know if tt to foreign brokers. Cash first, then u buy stocks.

I was refering to paying up something at local brokerage. Some local brokers allow t+3.
Not sure if all of them offer it, but there is a possibility to choose rate at stocks buy date or t+3.
For later, it is not known immediately, only estimates, need to wait for update from back office.
Local brokerage offers this advantage but big disadvantage is much higher brokerage fees.

That is why I am going IB as well. More for trading since low brokerage fees.

This post has been edited by AVFAN: May 3 2015, 12:54 PM

Its good choice to direct trade. save cost.

thanks to you and rjb, my ib account has just turned active.

Already funded?

wired at 10.30am, ib email acknowledgement at 3pm.

rate at cimb was 3.6310.

kinda high to me since cash rate and normal rate should be about 3.61 today.

tt rates always higher?

Normally TT rates are better than Cash rates iirc, with Maybank at least. Although I transfer from FCA so don't pay attention as not converting any currency

Looking at CIMB website their rates seem better than Maybank though.

so, it means if i had tt'ed today at mbb, it may have been 3.650 then!

i will check this up when the next opportunity arrives.

happy to say i completed my maiden trade on IB, had a tiny profit.

anyone looking for USD stocks investment or trading, i will suggest Interactive Brokers (IB).
https://www.interactivebrokers.com.hk/en/home.php

bumped!

at this time, may are interested to trade/invest in foreign equities.

Good day to all =) I am interested in opening account with Interactive Broker ( IB ), however there's a few things that I would like to clarify before I proceed

Under application form, I have reached W-8BEN form, this is needed as I am Malaysian and that's for tax purposes right? And may I know what are the methods of transfering money that is safe? Normally how you guys transfer the minimum 10k USD over for opening account? I have read the instructions on IB but still abit puzzled over it, plan to get into emailing them or chat but get a few guidance from sifu here

Thanks for all the help

W8-BEN form exempts you from CGT (Capital Gains Tax) on US stocks. Withholding taxes on dividends still apply (30%)

Deposit just wire from Maybank FCA to their Citibank account in USA. Always arrived on the same day so far - no problems

if u like, u can read my experience and help from others esp rjb starting post #59.

IB's been good fun, go for it!

Seems like a lot useful info and tips in opening IB as i needed from forummers,great helps,thanks, rjb123 ,is it okay if i used CIMB to transfer instead of Maybank as you suggested?

So, money transferred from my bank will converted according to that day rate right? So now it needs to be around 40++k

This post has been edited by dragonfire88: Aug 12 2015, 05:00 PM