For the funding institution, do I need to enter the branch name or just the name of the bank?

"Hang Seng Bank" or "Hang Seng Bank East Point City Branch"?



This post has been edited by TOS: Oct 9 2019, 08:08 PM

Ok, manage to get the TWS platform installed and entered the Demo account. The interface is too overwhelming to me.

I just want to look at 2 things: https://americas.vanguard.com/institutional...QUITY##overview

and https://www.blackrock.com/americas-offshore...ts-etf-acc-fund

Will the web version be simpler? I am not a day trader.

Thanks.

Hi,

Just want to ask how long does it take to deposit your money in Tradestation Global after submitting the deposit notification online and how long does it take for you to withdraw your money and show up in your bank account successfully.

Thanks.

Thanks.

Looks like they are very efficient.

Have you checked out the Accumulating option VUAA?

I have been tackling this for some time too. But due to Brexit, not sure how UCITS regulation will be affected. Things are a bit fluid for the UK now.

Accumulating option means all dividends are automatically reinvested for you, just like mutual funds offered by eUT/FSM in Malaysia pay you dividend, but FSM/eUT reinvests the dividends automatically, so lower NAV but more units in the end.

In their case, the Acc option will mean no distribution is made at all, so the NAV just goes up as usual.

I personally prefer ACC over Distribution since if the fund is losing money it can theoretically still pays out dividend, which comes from your original capital. So, say you invested 100 dollars, fund loses 10% and investment value drops to 90 dollars but they can still pay out say 10 dollars of dividend for you which means you now get 10 dollars but the NAV per unit drops as well resulting in you having 80 dollars invested plus 10 dollars cash. You end up "investing less".

Of course this don't happen often if the fund and its underlying securities do well, especially in the long run, but some investors who don't know this are fooled by mutual funds (especially the ones offered by the 2 "chinese" banks in Malaysia. You know which two I am talking about. ). I always visit the branch and the UT agent keeps telling me their funds pay dividend every year. But they never mention how terrible their fund's performance are when it comes to actual returns.

Some even tell me the commission I pay them goes into the fund to "buy during the dip".

That said, if funds have ACC option or have features that automatically reinvest dividends, you are good to proceed and all that is left is for you to check your risk profile, underlying securities prospects, all kinds of analysis etc,, all the usual homework stuffs every investor does.

This post has been edited by TOS: Sep 24 2020, 10:48 PM

Er, I think you mean "unlike" instead of "like".

As said before, the fund can still be distributing dividend even though it's losing money, so accumulation works for me best (Of course, provided that I have faith in the fund in the long run.) That said, even with ACC fund, you can still withdraw anytime you like. So, I still prefer ACC over DIST, to prevent "evil" UT providers not reinvesting "dividends" automatically for me and save me the grunt work of having to monitor such small and insignificant matter.

Other investors may have their own preference. It differs from person to person.

Yes, dividend paid out of company already net of the 15% WHT, even though you don't get any "dividends from fund". So, the "reinvested/accumulated dividend" is net of 15% already.

No extra units/shares, since dividends already accumulated via increase in NAV per unit, it's factored in. Since no distribution, that means only NAV increase, you count your returns by comparing earlier NAV and final NAV to determine your return, easy and straightforward.

Wah margin already lol. Congrats on the milestone.

Careful later you get margin calls during downturns...

Indeed. Ramjade's point is just for reference. You need to know your risk profile well. He is taking more risk than others now, going into margin some more.

Decent blue chips with low volatility like S-Banks or S-REITs (their indices as well) or just S&P 500 give you good risk-adjusted returns too.

Only you know your expectations well. Others can only provide advice at the side.

Yup, S-REITS are Singapore REITS. I checked on SGX ETF screener and also come to the same conclusion with you, only one ETF tracking S-REITs by Phillip.

I am aware that you have been asking SREITs-related questions in the SGX counter and SREIT thread, not sure if you missed my reply in the SREIT thread to your question.

I have replied you below:

https://forum.lowyat.net/index.php?showtopi...post&p=99611743

As for your question, ETF is basically a tracker of a basket of stocks, in this case, REITs. Judging from the REIT sector as a whole, in low interest rate era, most income-seeking investors will use REITs to substitute their bond holdings in their portfolio, more so given that bonds have large denominations that are out of reach to most retail investors.

However, you also have the option of buying the individual REITs yourself, instead of being bounded by the index. The main reason is that some investors prefer to invest in more mature and stable blue chip REITs rather than having a stake, albeit small, in those small REITs in the index.

Small REITs are less liquid and they may not have strong sponsors (there are exceptions). High leverage can also be of concern. But with the high risk you bear, you can earn higher returns compared to the mature solid blue chips. Corporate governance is a new issue with small REITs recently, exemplified by the doomed ESR-Sabana REIT merger and the Lippo Trust's issue.

So, if you don't want to have exposure in not so mature REITs, you can buy individual REITs yourself, on the other hand if you just want to follow an index and opt for passive investing, the Phillip ETF is one way to go. The index which the ETF tracks is already heavily tilted towards blue-chip REITs whereas those small REITs account for very little portion of the total NAV. S-REITs are quite oligopolistic, in some sense.

At the other end of the scale, some investors actually like heavy exposure in small REITs and small stakes in mature large-caps to smoothen their portfolio. In this case, the ETF won't suite your needs as what you want is the exact opposite of what the index consists of (heavy in blue chips, light on small-caps). In this case, you have to manually purchase the REITs and build up your own "manual ETF" yourself.

In the end, it all depends on your risk profile and your preference. I have mentioned some further thoughts in S-REITs in my reply to your post in the S-REITs thread (see link above).

This post has been edited by TOS: Jan 19 2021, 11:55 PM

Huh, quite surprised they block TDA. While I never heard of the others, TDA is certainly legit and an established firm, merged with Schwab not long ago. It's website is blocked in Malaysia too, though the Singapore one is working. TDA is also licensed with the MAS.

The reason for blocking is: "Dealing in securities".

Looking at this, I am worried that IBKR might get banned as well, for the same reason.

You already convert into margin account?

Are you sure?

https://www.sgx.com/derivatives/products?code=all (Select options for type)

https://www.interactivebrokers.com/en/index...p?f=1562&p=asia (Check Singapore column)

https://www.tradestation-international.com/...8-3e1e7627-35ee (Check SG's column)

Yes I know. Index options, commodities options and forex options are available though. SGX market isn't as deep and wide as HK or US yet.

Given your sophisticated knowledge, you can try DLCs or futures too. Individual stock futures are available on SGX. Why didn't you go for them? You want the underlying dividend from options as futures don't pay dividends?

Thanks for the kind words Ram.

Let me remind readers that, options are derivatives, whose values are derived from underlying securities/commodities/assets.

Options ≠ Shares or Bonds. With high returns comes high risk. Caveat Emptor.

This post has been edited by TOS: Feb 28 2021, 02:23 PM

Well, I didn't ask you to buy Singtel, Sembcorp, Keppel.

I suggest iFAST, Nanofilm, Micro-Mech, VICOM, SATS.

Just to add on that there are other brokers too, Moomoo, Tiger, Prosperus, FSM SG, Saxo or even the local Stashaway (for ETFs) etc.