Good Q.

Well, as long as i'm alive, my sis knows i wont songlap anything as i've built up my reliability/trust-factor with her + i share monthly trackings with her in detailed Excel as well.
Simply put - if U have seen a fler going through hell, losing more than 50% of net worth and yet that fler keeps his word & repayments - can trust boh?
+ every single cent also track in Excel & report back / available anytime for "auditing"

When i kaput, my Will takes care of her portion as my assets-liabilities list is updated every half-yearly or earlier if there are major changes, with my Will's Executor
+
i email my sis & wife my assets-liabilities list too,
and each of them have access to my Will (details) + know which Trustee is my Executor

heheh - it's about creating & maintaining trust & transparency with those U trust.

PS / additional thoughts:
If U are beginning to build such trust only OR want something more than blood:
Create a contract between U guys + length of contract / invested + auditing / reporting process + IF failure to... THEN.. clauses

of course no clauses on market fuggups lar heheh that is beyond 1 human's crystal ball gazing

This post has been edited by wongmunkeong: Jan 20 2017, 03:25 PM

er.. a) iTrade foreign investing platform has access to US ETFs leh

b) CIMBC25 & CIMBA40 = CIMB's own created ETFs (think Vanguard's VNI VTI etc in US) listed in KLSE & SGX

(a) vs (b) are different animals leh

eg of iTrade with Vanguard's VTI


This post has been edited by wongmunkeong: Jan 20 2017, 04:25 PM

i'll be the devil's advocate here heheh.

The best way to learn "to swim is to be thrown into the deep blue sea".
With losses happening when younger and with LESS $ to lose VS when one is older, the long term impact, if one doesn't give up & keeps learning + doing,
VS
those skeddy cat until older, then gungho go in.

Definitely the "IF willing to get back on the horse" is the make or break in any bad situation

This post has been edited by wongmunkeong: Jan 20 2017, 08:42 PM

Also, perhaps fire fire aim?
ie just do it with a local brokerage first, after a few years, if want to move to TDAA or IB, can move leh

that's what i did with my US stocks with iTrade

there's no such thing as perfection except perfectly dead.
things change, new options pop-up, etc.
thus, shouldnt wait for all planets to align - only caveat, please have an emergency fund else one may need to rob one's investments at the wrong time. been there, done that - feel stupid, thus...

er.. not all if talking about US listed ETFs.
TD Ameritrade SG doesnt + last time i was on OptionsXpress (signed up via SG) also doesn't.

This post has been edited by wongmunkeong: Oct 20 2017, 11:21 AM

TD Ameritrade SG = domiciled in SG leh, thus, not just "branch" leh.
i clarified coz of the impact to my estate planning if US-based & follows US estate laws for Non-Resident Aliens like me.

hm.. best to get from horses' mouth / broker

This post has been edited by wongmunkeong: Oct 20 2017, 04:05 PM

Bro - TDAmeritrade SG does NOT accept third party fund transfer.
I've checked with TDASG & MoneyMatch.

FYI - since end 2016 i've not pumped in $.
I was using CIMBClicks & Maybank2U - both online, too lazy to go physically to counter
Thus, nowadays dunno have issue or not online

Investment lor
really mar - for stocks and stock options.
i dont do forex trading

oo Danke danke for the sharing bro.
was planning to inject more capital to my TOS to prep for lelong bwhahah

i'm no sifu ya, just sharing:
i used to do this before centralizing to TDAmeritrade SG.

On iTrade's platform, U buy/sell in USD but if U dont have USD, it'll ask for MYR (FX conversion guidance shown). Thus, when i pay, i pay in MYR if i do not have USD with iTrade's "multi-currency account".

AFTER U have USD with iTrade (eg. via dividends or from selling off a US listed ETF), U can use that to pay.

It's similar to HLeB (now HLiB) - for US, SG, HK, etc. denominated stocks in their foreign trading platform. The problem i had with HLeB's foreign platform was no ETF (NYSE-ARCA) online, thus had to do via calls.. urgh. Thus, i went for iTrade specifically for US-listed ETFs.

This post has been edited by wongmunkeong: Dec 10 2018, 02:08 PM

knowing what i know now, and if i reset/restarted life, i'll go with iTrade for US ETFs first then as i make more in investments+ACTIVE INCOME, then only go IB and others.

i'm not with IB, was with OptionsXpress & now TDASG - coz i dont trade in/out much.

oo.. keep in mind, ALL DIVIDENDS get raped 30% by US' IRS if U are like me - non-resident alien (NRA). capital gains aren't taxed currently by either US' IRS or MY's LHDN (unless trading is your main active income)

This post has been edited by wongmunkeong: Dec 11 2018, 02:15 PM

yeah considered but.. i'm linking stock options to US-listed ETFs & stocks to juice the returns when held (selling CALLs at worthwhile returns VS (dividends pa -30%, inclusive round-trip cost)
OR
getting some returns when hunting for purchase price i want (selling PUTs at prices i want to buy)

have yet to dig deeper on how to do equivalent with Irish ETFs +have to open new platform (TDA SG dont play that)

yup, minimum cost per trade = USD25 but as U do larger sized orders, it goes down to about 0.42% - around USD5955K value order the last i used them, eg. USD$59.55 stock *100units

as for Forex, if U guys can look up the historical rate online, U can VS. the data i have:
27/08/2015 4.257500
thus, my CVX USD4864.41 was settled with MYR20,710.24

hope the above helps

This post has been edited by wongmunkeong: Dec 12 2018, 09:20 PM

Hi ya, i'm interested but may i know more?

if using KWSP/EPF:
1. minimum $30K?
2. self directed or managed?
3. front load % =?
4. yearly mgt fees % = ?
5. only Bursa listed ETFs?

how long have U had the paper a/c? if i'm not mistaken, those days, it was limited to 60D or 120D.
then gotta re-apply
those days la - 2013-2014 XD.

may i understand why QQQ?
if tech or new economy companies targeted, U may want to revisit Vanguard's ETF - VGT. I think Vanguard itself will explain why i'd prefer VGT to QQQ if i want exposure to a specific pool of tech / new economy companies

note - not a push / recommendation ya, just sharing personal thoughts as i've tech/new econ +properties +value ETFs lined up to shoot at XD

This post has been edited by wongmunkeong: Feb 18 2021, 10:14 AM

TL;DR version - buy full replication ETFs XD
right? i just jumped to the conclusion and whys