Instarem used to be cheaper. But I heard they bumper the fee up by 0.5%. That's why it's more expensive now.

You need to think how are you going to withdraw the money

Depends. Sometimes only one of them (Instarem/Bigpay/Transferwise/Moneymatch) is cheaper at that particular moment.

QQQ
iShares S&P 500 Information Technology Sector (Ireland domiciled)
https://uk.finance.yahoo.com/news/cash-king...L92MiBXTBRY7Tpr

Thanks for the head up. Will check.

This post has been edited by Ramjade: Jun 28 2020, 09:11 PM

Very interesting Ramjade. I need to do more research on QQQ (NASDAQ) and iShares S&P 500 Information Technology Sector.

I was hoping SGX offers technology sector ETFs. Unfortunately, there are none in SGX. I rather buy ETF/stocks in Singapore, as I have a local broker there.

If you want pure tech in US, you can consider VGT (Vanguard Information Technology ETF).
Note that it's highly volatile despite having 500+ constituents. Then, again, high risk, high return.

This ETF is usually enough for diversification because they have operations internationally.
E.g. Microsoft, Apple, Adobe all sell their products overseas.

if u bullish on tech why not u direct buy 3x leverage tech etf?

3x is too much. It's possible to lose up to 60% if all 3 circuit breakers are triggered in a day.

Also, it's not meant for holding overnight because of decay.

Forget about sg market. They have nothing good except reits and banks.

This post has been edited by Ramjade: Jun 29 2020, 08:14 AM

How to make money on ETF? Will you get dividends or you only make when you sell?

Depends. Some etf give dividends. Some etf reinvest the dividends automatically.
Majority of people buy etf is for capital gain tax.

3x leverage too high risk for me. Not comfortable with that. My investment style is buy and hold, not trading.

It appears so. I have invested in their REIT ETF in SGX. Otherwise, SGX doesn't offer much. Looks like I need to consider opening an account with interactive brokers to get cheaper access to foreign markets. These technology ETFs are quite tempting, as they even outperform S&P500

Note that the past doesn't mean the future.
If we are in a Tech bubble, it might not recover.

Hi everyone,

Investment newb here. Looking forward to learn a ton from abg2/kakak2 investment otais here.

Right now I'm trying to open a TS Global account but somehow stuck in terms of providing a valid ID (one that lists your DOB). Apparently my driving license and NRIC doesn't count as they do not display the DOB (tried explaining to them that my DOB is in the IC number itself but, yeah no comment from them).

Hence, only a passport would do. Mine has just expired in April this year, & if I can help it, I don't want to make a new one right now.

I'm wondering if you guys also used your passports to validate your DOB to the folks at TSG?

Thanks.

This happened to me. They don't believe or understand whatever you say about IC.
Not mistaken, passport is required to verify identity as international investor. IC can only be used to verify address.
You can try your luck with birth cert.

Better just use passport.

The next problem is the IC doesn’t have your signature. Your passport should have your signature.
Address usually need to be verified with ur phone or utility bills, or bank account statement.

No need.
I just provide them with credit card statement and ok already

huhu, glad I'm not the only one LOL.
I see. I might have to get a passport then.

Yeah. They did mention that. Think I might just need a passport then.

This, I already provided. But they want to verify DOB, which won't be present in credit card statements (at least on my statements I don't see it).



Thank you for the responses guys. Really appreciate it.

Hello, may I know if anyone here signed up for a Charles Schwab account? Are all US ETFs indeed commission free or only applicable for Schwab issued ETFs? Thanks.

Only their own house etf is zero commission

Hi, i am new to this.

have anyone used FSM(sg) for ETFs ? what are the procedures? thanks a lot

Avoid FSM for US stocks.
Use interactive broker (if you have >=USD100k in cash or stocks). If you don't have USD100k, use whitelabels of interactive broker (tradestation global).
Alternative use trading212.

This post has been edited by Ramjade: Jul 4 2020, 12:52 PM