I'm a new investor and I'm getting like different answers from different people. I want to invest into S&P 500 ETFs. There are people who say use IBKR and get Irish Domicled because less tax, but I also got people telling me that I can just use FSM to buy US ETF's as they're not taxed.

So I'm really confused at the moment.

but i am more concerned of is the ease of getting my money back 15~20 yrs later without any inconveniences from BNM or LHDN....

taking into AMLA & FSI taxes may be changed for the worst (tighter) by then...

The tax they are talking about is tax on dividend I think. What is dividend you can google for answer. Not all ETF has dividend. In fact US are mainly for capital gain you want dividend you sell some shares to simulate as dividend.

The reason why IBKR is so supported is you buy US stock pay 35 cents fee for each trade whereas using FSM it is a whole lot more. So DCA using IBKR is cheap. Use FSM alot.

Yes. That's right. If you buy us stuff you get 30% tax in dividend.
But if you buy Ireland domiceld etf from LSE, your dividend tax only 15%.

If you are not trading not an issue buying LSE. But if you are trading best is go buy spy.

Thank you for the info!

This post has been edited by siles1991: Apr 9 2022, 01:35 PM

Referring to the gomen's plan to impose tax on all foreign income (which would include ETF capital gains), although the tax is now exempted until 2026, will we see less people wanting to invest in such overseas vehicles as a result?

Sos: https://www.aseanbriefing.com/news/malaysia...sourced-income/

Sure capital gains will kena tax after 2026??
I thought only "income"... Will kena?

Definitely not. The power of diversification and the lure of the dollar simply means there will be fierce opposition to the imposition of such FSI taxation scheme in 2026.

This post has been edited by TOS: May 1 2022, 10:30 PM

Hmm.

When it says "all types of income" I interpreted it to mean any source of earnings, capital gains included.

Google and found this,....
"If the income stays overseas, it will not be taxed. What should be highlighted here also is that this will only apply to income. Gains that are not taxable in Malaysia will not be subject to tax," he says.

https://home.kpmg/my/en/home/media/press-re...o-malaysia.html

What are not taxable?

"The provisions will only affect gains that are “income” in nature. On this note, foreign source gains that are “capital” in nature will not be subject to tax. Foreign source capital gains should include proceeds from the disposal of foreign stocks, foreign properties, foreign assets, foreign currencies, foreign investment papers, etc, if these assets had been held as long-term investments. "

https://www.crowe.com/my/insights/taxabilit...-sourced-income

Ah. Many thanks for this.

Since I'm in the ETF thread, how do foreign ETF dividends work? Do they automatically reinvest? Or they get deposited to your trading account?

Or does it depend on the individual ETF....

This post has been edited by RigerZ: May 2 2022, 12:29 PM

Googled and found this,...
"Exchange-traded funds (ETFs) pay out the full dividend that comes with the stocks held within the funds. To do this, most ETFs pay out dividends quarterly by holding all of the dividends paid by underlying stocks during the quarter and then paying them to shareholders on a pro-rata basis. They are typically paid either in cash or in the form of additional shares of the ETF."
https://www.investopedia.com/ask/answers/05...ks-held-etf.asp

Do ETFs pay dividends?
Most ETFs pay dividends to their fund holders either half yearly or yearly. You are advised to refer to the distribution policy in the prospectus or offering document of the ETF.
https://www.bursamalaysia.com/reference/faq...ge_traded_funds

I am fairly new to ETF but based on my limited experience for US listed ETF most are not going for dividend they are for capital gain. However I notice there are some ETF that pay dividends and the platform I am using is dividend auto reinvested. If one is going for dividend paid out to cash acct US has a 30% tax and some actually have refund of that based on what I read but it seems to vary among readers as some get some still waiting for sky to drop

To summarize US listed ETF just use it for capital gain less headache to think of dividend they give will come or not. SGX listed ETF Iike REIT based ETF I confirm is monies come into cash acct

Just sharing, now Webull is available in SG, meaning if u have SG bank account you can deposit SGD for investment.

https://www.webull.com.sg/

Awesome. Webull is one of the best alternative to robin hood in the US.

And they are not like moomoo or tiger where Free is not free. For webull, free is really free.

gonna switch from IBKR to Webull?

Has anyone here sign up for webull yet? Ok or not?

I trust ibkr more than webull. Maybe use webull for trading and ibkr for long term buy and hold? Cause I can just buy say usd1k of Tesla and trade it to earn money without commission.

I already sign up pending approval will update in the new thread called Webull Spore. US 0 comm and fractional shares support is the major attraction factor for me. The promotion AAPL fractional shares if I get it is icing on the cake.

Dear all, a very noob question, how do I know the currency of the ETF i'm looking at in IBKR? Thanks a lot