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 All about ETFs / Foreign Brokers, Exchange traded funds

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tadashi987
post Nov 20 2019, 01:57 PM

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It seems now Firstrade now accept Malaysian registration?
but i think they only have major US ETF, and it is not easy to fund the account like Tradestation/IB, whereby we need to fund to their US account
tadashi987
post Dec 4 2019, 10:43 PM

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Does anyone know how to check on TradeStation / IB client portal - dividend payout for accumulating type ETF bought?
tadashi987
post Mar 14 2020, 07:19 PM

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Found something useful for those who is holding US ETF / Stocks directly, google keyterm = US ETF estate duties

with US complicated tax system e.g. estate duties, capital gain tax
It's basically asking Malaysian to avoid US ETF / Stocks if possibble.

Non-US investor's guide to navigating US tax traps

Estate Duty for Non-US Resident

user posted image

This post has been edited by tadashi987: Mar 14 2020, 07:21 PM
tadashi987
post Apr 16 2020, 03:05 PM

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Sorry to spam same question through different threads, just wanna try my luck in case any sifu from here can help

Hi guys would like to enquire, i found out that some ETF are available in an exchange (checking through IB ETF list in the exchange), but through TradeStation Global, i can't find the ETF in that exchange but it is only available in another exchange, why is this so?

Is it because TradeStation Global doesn't offer to trade that ETF in that particular exchange, even though it is offered by IB?

Example:
EQQQ1 is shown to be available through LSE ETF LIST, checking through IB website

https://ndcdyn.interactivebrokers.com/en/in...567&exch=lseetf
user posted image

However, when search through TradeStation Global web client portal, it is not available but only offered through another exchange which is SIX SWISSS EBS

user posted image
tadashi987
post Apr 16 2020, 03:24 PM

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QUOTE(Yggdrasil @ Apr 16 2020, 03:18 PM)
Use IBKR app/client to trade. Don't use browser or TradeStation Global's website.
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Nope it is actually IBKR client, i checked through IBKR client but cant find the ETF
tadashi987
post Apr 16 2020, 03:36 PM

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QUOTE(Yggdrasil @ Apr 16 2020, 03:24 PM)
What are you looking for? You can buy EQQQ in London or Milan.
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I was looking for EQQQ1 which is based on USD currency in LSE haha

This post has been edited by tadashi987: Apr 16 2020, 03:36 PM
tadashi987
post Apr 16 2020, 07:54 PM

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QUOTE(Yggdrasil @ Apr 16 2020, 03:24 PM)
What are you looking for? You can buy EQQQ in London or Milan.
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BVME ETF withholdings tax
https://ibkr.info/article/2091

Maybe I will go with LSE thou it is traded in GPx because it seems the BVMR has this withholdings tax which I tried to do research and still remain vague, not sure if non Italian resident would being charged


tadashi987
post Apr 17 2020, 11:11 AM

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QUOTE(Yggdrasil @ Apr 17 2020, 10:40 AM)
Have you found the answer? I can't seem to find the ETF using another account. Weird.

Edit: Whoops I forgot that EQQQ.MI is EQQQ INVESCO NASDAQ-100 DIST BVME.ETF
BVME is Milan Exchange.
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Nope I can't haha, try to grind online for the tax info but it seems there are too few information to confirm on that.

Guess I have no choice but to go for EQQQ.L which is based on GBx pence sterling
tadashi987
post Apr 17 2020, 11:43 AM

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QUOTE(Yggdrasil @ Apr 17 2020, 10:40 AM)
Have you found the answer? I can't seem to find the ETF using another account. Weird.

Edit: Whoops I forgot that EQQQ.MI is EQQQ INVESCO NASDAQ-100 DIST BVME.ETF
BVME is Milan Exchange.
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Some info i can get online

Page 23

user posted image

I think the leveling is at such that

LEVEL1: EQQQ underlying US-based company pays dividend, US treaty with ireland-domiciled fund e.g. EQQQ -> Charge 15%
LEVEL2: EQQQ listed in Italy BVME, for the remaining 15% of the dividend, does Italy Exchange charges witholdings tax?

Italy’s New Capital Gains Tax Regime for Nonresident Companies

QUOTE
As of January 1, 2019, the effective tax rate for capital gains — applicable to the sale of “qualified” Italian shareholdings held by nonresidents without a permanent establishment in Italy — will increase from 13.95 percent to 26 percent. These taxes can be avoided under double tax treaty (DTT) provisions generally stating that, for (non- real-estate) companies, capital gains on disposal of shares are taxable only in the seller’s country of residence. There are, however, DTTs between Italy and other countries (including Brazil, China, France, India, Israel, Saudi Arabia, and South Korea) that derogate from this general rule and do not grant treaty protection under specified circumstances.


Italian regulations on capital gain taxes

QUOTE
Italian tax laws impose the withholding at source on ETFs that are collective investment schemes (UCITS). This designation is applicable to the ETFs currently listed on the Italian Stock Exchange Market ETFPlus.

Withholding rate of 26% for ETFs listed on the Italian Stock exchange market (IBKR market symbol: BVME.ETF) is taxed at source.


So in the end, after reading all these, i just felt it is getting more and more complicated for us to confirm on how Italy define "qualified" for witholdings tax on BVME listed Irish-domiciled ETF.

Personally feel Italy tax system is as on par with US's ones which is foreign investment unfriendly. rclxub.gif

This post has been edited by tadashi987: Apr 17 2020, 11:49 AM
tadashi987
post Apr 17 2020, 12:54 PM

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QUOTE(Yggdrasil @ Apr 17 2020, 11:54 AM)
Italy doesn't change anymore WHT.
I wasn't taxed beyond that.
BVME is EQQQ.MI because it's Italy Exchange in Milan.

Btw the link you put is for companies not us.
I don't think there is capital gains tax too because it's not an Italian stock.
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Noted for that, good that your holding from Milan and proved that rclxms.gif
tadashi987
post May 3 2020, 12:08 AM

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QUOTE(simplylegendary @ May 2 2020, 08:52 PM)
Hi, this question probably have been asked to death, but here goes. I always bought four US-domiciled ETFs through Dollar Cost Averaging. They are VOO, VTI, IWF and VNQ. Lately I just realized that my dividends are withheld 30%. I have questions below

1) Is there any offshore/overseas equivalent ETFs that I should buy over their US equivalent
2) It's the dividend that they withhold but not the capital gain right?

I buy them through Singapore's brokerage iOCBC, if that's any help, since I work and live there nowadays even though not PR and not Sg citizen.
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for (1)
You can use justetf website ETF screener too
JustETF ETF Screener
tadashi987
post May 23 2020, 10:53 AM

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just realized that nowadays ETF has long expanded to kinds of active management like mutual funds in US

there are active managed ETF like ARK series etc, thou the structure is different compared to mutual funds.

https://wealthtender.com/insights/investing...vs-mutual-fund/

This post has been edited by tadashi987: May 23 2020, 10:54 AM
tadashi987
post May 25 2020, 04:12 PM

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QUOTE(sl3ge @ May 25 2020, 03:28 PM)
Hi,
Anyone using Firstrade?
is it good..
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opened an account before

I would the drawback of all these no commission brokers are the funding part which u need to do TT to their oversea bank.

(unlike TradeStation Global which u can fund through SG bank)

TT aint cheap
tadashi987
post Aug 29 2020, 10:02 PM

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QUOTE(pigscanfly @ Aug 29 2020, 09:42 PM)
If I opened an account with TS Global, can I make trades on IBKR Client Portal? I find the user interface of the TS Global desktop app very non-user friendly. If I trade using IBKR Client Portal, the commission fees will be charged according to TS Global?
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Yes for both questions
tadashi987
post Sep 21 2020, 09:16 PM

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QUOTE(JJkian @ Sep 21 2020, 04:29 PM)
Anyone using fsmone singapore? What is the cheapest way to transfer money to fsmone singapore?
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cheapest = exchange with ur sg working friend


second way:
https://forum.lowyat.net/topic/4857608

access bigpay, instarem, transferwise, sunway money, key in the amount you want to transfer, see how much u will get in SGD, then that's the cheapest.

AFAIK should be sunway money cheapest



tadashi987
post Oct 3 2020, 11:35 PM

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QUOTE(JJkian @ Oct 3 2020, 10:32 PM)
Has anyone use sunway money for foreign remittance? How does it compare to instarem in terms of fees?
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yeah pretty good, i just tried it two days back for MYR to SGD

their disclaimer mention it could take up to 4 days for the remittance but i got it done same day. Done it before 4pm tho
tadashi987
post Oct 6 2020, 11:29 PM

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QUOTE(rocketm @ Oct 5 2020, 12:14 AM)
Hi guys,

I would like to ask advise from you guys.

I plan to use my small amount of USD in Paypal to buy ETF, about USD400.

If I only buy 1 unit and keep it in long term, probably 5 or 10 years+, will the ETF value grow at least 50% in capital?

Or if invest in ETF need to consistently top up to average it down?

I have invest using Wahed so plan to buy ETF that focus on distribute dividend. I am thinking of either VIG or VYM or SPYD.

Can you guys let me know is there anything wrong with my approach and ETF selection?
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ur questions are too vast to be answered.

5 or 10 years+, will the ETF value grow at least 50% in capital?

there are tons of ETFs, bad ones, good ones, look at their performance at yahoo finance and do your own due diligence and decision

if invest in ETF need to consistently top up to average it down?

to DCA (Dollar cost averaging, consistently top up to average it down/up) or to lump sump is still a dispute
i would say if u dont have large capital, just continue DCA, if u have one large capital, for me i would wait a crash to lump sump in, just my own preference

I have invest using Wahed so plan to buy ETF that focus on distribute dividend. I am thinking of either VIG or VYM or SPYD.

cant relate Wahed with ur intention to go with distributing ETFs
but be noted that income distribution of ETFs domiciled in US subjects to 30% withholdings tax. Please do your own research

tadashi987
post Nov 17 2020, 08:53 PM

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Convertibles

is anyone here looking at or holding convertible ETF?

seem to be a ETF which hold asset having exposure to both bond and equities

This post has been edited by tadashi987: Nov 17 2020, 08:53 PM
tadashi987
post Dec 4 2020, 12:47 AM

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QUOTE(dynames41 @ Dec 3 2020, 11:41 AM)
Hi all, it's been a while since i last visited here.

For IBKR/TSG funding is cimb click > fastsaver > ibkr is still the best method around? Or are there other more efficient cost-saving routes out there?

Apologies if this was already been made clear before, but the pinned msg still recommend the above method.  sweat.gif  sweat.gif  sweat.gif
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AFAIK it is still the best way smile.gif
tadashi987
post Dec 4 2020, 10:38 AM

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QUOTE(Ramjade @ Dec 4 2020, 10:32 AM)
Actually wrong. That's the worse way.
It should be CIMB my > instarem/money match/Bigpay/TransferWise/Sunway money > fast saver
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oh ya i mistaken sweat.gif i read it as local bank -> instarem > cimb click, my bad doh.gif

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