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 All about ETFs / Foreign Brokers, Exchange traded funds

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Ramjade
post Jun 22 2019, 07:17 AM

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QUOTE(roarus @ Jun 21 2019, 11:57 PM)
That's the SSGA one. Very briefly the list is described as high yield counters that has increasing dividend payouts for the past 25 years.

For one you'll be missing out on:
i. counters that might not give returns in dividend but in capital gains
ii. or counters with relatively good yield but not consistently increasing
ii. young companies

Perhaps consider the fact that there are some regions e.g. Malaysia, Singapore, HK that you should be chasing dividends while for others it's better to go for cap gains? After all, we aren't subject to US cap gains

Looking up UDVD on Yahoo! Finance also suggests VHYD by Vanguard, it's a wider net All World High Yield instead of just US focused. Both UDVD and VHYD have volume, though the spread is subjective to one's acceptance.
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Money is not yours until is in your bank account.
With dividend stocks/ETF definitely there's a pay.
So far the dividend aristocrats have outperform the s&p500.

Ramjade
post Jul 13 2019, 07:39 PM

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QUOTE(Zegoon681111 @ Jul 13 2019, 06:57 PM)
Good evening guys, this is my first time here  smile.gif

1. I’m interested to invest in US ETF. am wondering if there is any website that provides service to track a specific etf, something like ‘my watchlist’ in FSM that will notify me when my tracKed UT’s price reaches a certain price.

2. which platform do you guys normally use to buy etf ya? how about IB or etoro?

I have an account with SAMY, and planning to go a step further.

Thanks guys!  biggrin.gif
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Avoid US based ETF unless you are a trader. Dividend tax for US is 30% vs 15% for Ireland domiciled ETF. I checked the price myself. No alert

Avoid etoro. etoro is for CFD. If you have no USD100k to spare or don't incur USD10/month in commision go with Whitelables of IB. Otherwise can go with pure IB if you have USD100k/month or incur USD10/month in commision.
Ramjade
post Jul 22 2019, 03:01 PM

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QUOTE(kimjiwon @ Jul 22 2019, 11:59 AM)
Stick with common ETF. Who ask to go and invest in reverse ETF, leverage ETF?
An ETF which tracks the s&p500 is pretty safe.

This post has been edited by Ramjade: Jul 22 2019, 08:13 PM
Ramjade
post Jul 24 2019, 01:16 PM

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QUOTE(kimjiwon @ Jul 24 2019, 08:48 AM)
Nothing is safe, common sense high risk high return
is your so-called common ETF low risk high return?
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I am not talking about common sense ETF. I am talking a out common ETF and not exotic ETFs (reverse ETF, leverage ETF)
Ramjade
post Jul 25 2019, 10:02 AM

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QUOTE(yu_wang @ Jul 24 2019, 07:13 PM)
I've tried it, not cost effective IMO. Their bank charges USD25 on receiving each wire transfer, and they charge ~USD8.80 for every stock trade. Going to try Tradestation next to see if it's cheaper.
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Agreed. Do not buy US stocks or ETF via FSM. Only use FSM for parking, buying SG stocks and HK stocks.

That's only true if you do a TT. That's TT fees. If you exchange via FSM internally no charged.

QUOTE(aspartame @ Jul 25 2019, 09:00 AM)
You mean they charge usd25 if you put money into fundsupermart account? What about withdrawal? Another usd25???
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For TT into FSM USS bank account and for them to TT money back to you.
Ramjade
post Jul 25 2019, 04:53 PM

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QUOTE(aspartame @ Jul 25 2019, 10:24 AM)
Oh u mean deposit using SGD and convert vice versa into USD as and when needed will not incur charges right? But is the forex exchange internally favourable??
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Yup. Spot rate. What more can you ask? Rate is even lower than Google's.

QUOTE(Hansel @ Jul 25 2019, 11:10 AM)
I salute people like kimjiwon who are willing to take risks investing into ETFs. At least he is not the type of investor who will wait till the prices reach near zero before investing. NO need for hard words.... look t the other side of things always. Why say uncommon ETFs ???

I don't invest into ETFs, but I have knowledge of Inverse ETFs and Leverage ETFs,... what is so uncommon abt them ?
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Normal people go with common ETF like those which track the S&P 500. If you invest in S&P500, there's no way to lose money if you hold for long term.

Uncommon cause you need to know what you are buying. Is not for common folks.

QUOTE(Hansel @ Jul 25 2019, 11:17 AM)
It is exactly words like the above in bold that make brokerages start to charge Platform Fees.  mad.gif

Sure, then you say, if they charge, then I change to another brokerage,... so, how many times do you want to run away ??? Wait till all brokerages blacklist your name, and all don't allow you to open accounts anymore.

I would rather let my brokerage earn something,... you have never experienced what the clients of SCB SG experienced  few years go when SCB were toying abt closing down their equity trading business.

Let people earn something-lar,... especially if the service is good and the people have quality and attitude for work. Otherwise,... don't invest in that country if you have negative thinking abt the brokerages earning something.

Edited by adding this : you see,... now the SG brokerages are starting to toy with charging dividend-handling fees,...the pattern is there,...becuse if investors like you,....  mad.gif

An International Financial Centre that welcomes most worldwide investors. Facility is there, currency keeps strengthening, continuously-improving regulation for the investing public to protect their interest,... what more do you want ? You don't pay tax on your investment returns, you know ???

Let people earn a bit-lar,.... It's worth it,....
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No point I pay them if their service no good right? Why pay them for them to charge me more fees (in dividend fees, quarterly management fees, higher commision) if they cannot even provide me service for US, UK, Canada market at cheap price? Is business. Does the broker give me anything in return for the money I paid them? No right? May the best broker wins. They want my money simple only. Make change. Be on par with interactive broker. They are no where at that level. Spot exchange rate, multiple market access at cheap price

Short story: SG brokers do not have quality features and yet they wish to get away with charging more than what they deserve. Is like TV vs Maxis FIBRE. Why pay more for Streamyx 1mbps (RM110) when you can get Maxis fibre (RM89) 30mbps? That's exactly how SG brokers are.

QUOTE(Krv23490 @ Jul 25 2019, 12:01 PM)
I use FSM SG but I transfer in via CIMB SG so I don't got any transfer charges. I buy HK ETFs and some occasional US stocks.

No complaints, I am aware of witholding tax but happy with it so far. I don't trade often anyways, mostly buy and hold
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That's one trick of bypassing the SGD25 TT fee.

This post has been edited by Ramjade: Jul 25 2019, 05:04 PM
Ramjade
post Jul 25 2019, 06:00 PM

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QUOTE(Hansel @ Jul 25 2019, 05:26 PM)
Then I will ask you a simple question : why did you not close ALL your SG bank and brokerage accts and go with IB only ? Why stay and complain ?

In your world, best broker is IB, right ?
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I have no issue with closing my brokerage account if they don't serve any purpose. With the maybank fiasco I told my trade representative to send me account transferred form and closure form. At the end of the day is just a tool to achieve your end goal. Why so touchy I spoke the truth about SG brokers? They are a leech. It's cold hard truth.

For now yes. Have not found a replacement for it yet. Like I said where on earth can retail investors like me without priority banking have access to spot exchange rate, more or less worldwide market at such low peice? Is like a wish come true. They make everything cheap and possible. Investing doesn't need expensive fancy looking Relationship management. Is like now everyone can invest. Something like air asia. Now everyone can fly. Sorry I have a peasant mentally so additional cost is a very sensitive issue to me especially if the additional cost does not being any added benefits.

This post has been edited by Ramjade: Jul 25 2019, 06:01 PM
Ramjade
post Jul 25 2019, 07:11 PM

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QUOTE(hyperzz @ Jul 25 2019, 05:22 PM)
IB is like Amazon among all the brokers. It's difficult for the smaller brokers to match the price or offering of IB.
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I am thinking more about it like AirAsia. Ugly interface, cheap but practical. Gets you from point A to B biggrin.gif biggrin.gif

QUOTE(Hansel @ Jul 25 2019, 06:12 PM)
Good. Don't forget to close all SG accts,.. Don't comment abt them anymore.  smile.gif

One more thing : close the DBS bank acct too. Don't talk abt brokers only.
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And why should I close? I close only what is not relevant and not useful. If is still useful why close? Wondering why are you so touchy when come to brokers? Remember they are not family members which deserve our kindness.

If you like to support them by paying them extra, by all means go ahead. I got no issue. I just wished that they will buck up and give cheaper options to retail investors. Why the need to charge so high cost? It's true as one Singaporean said, investment in Singapore is a costly affair with ETF costing an arm and leg with what they cost in the US.

This post has been edited by Ramjade: Jul 25 2019, 07:12 PM
Ramjade
post Jul 26 2019, 07:37 AM

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QUOTE(Hansel @ Jul 26 2019, 04:20 AM)
Don't deviate from the main theme by using words like touchy. Shows your immaturity towards a strong debate. Grow up.

So, you still think this SG bank is GOOD. Then talk abt the good side more, don't insult the bad side only. Remember to close all the SG broker accts. Do not hesitate, YOU carry the conscience if you leave any SG brokerage acct open.

And don't comment abt the SG brokerages anymore. Your whinings are uncalled for, if you don't like it, then leave. Why whine and bark everyday and night ?  biggrin.gif

Grow up.

By the way, you call it an ugly interface because you do not know how to use it, and your mind is not accustomed to it.
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Actually is true. I touched about SG brokers being outdated, pricey, and you straight jump. If that's not touchy, I don't know what is. Reality and truth is harsh to swallow. I know. I think is fair if we comment about the negative part of brokers? No? Recently we commented on difference in IB Whitelabels.

Like I said different brokerage for different purpose. Got nothing to do with conscience.

We are talking about brokerage here. Not bank.
The only good thing about SG custodian brokers Maybank KE Prefunded and FSM is the no fee for keeping an account with them until recently with Maybank actions. Able to participate in rights and placement as an international investor without a SG address. FSM have good parking place for money. That's the only benefit. Period.

I was comparing with POEMS, DBS V and FSM interface. Interface is of no importance to me.

This post has been edited by Ramjade: Jul 26 2019, 07:39 AM
Ramjade
post Jul 26 2019, 11:23 AM

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QUOTE(aspartame @ Jul 26 2019, 08:37 AM)
Actually I am also thankful there are ppl like you around..u keep the brokers in check.. ur biz might not be much but brokers do not like to lose market share both in terms of volume and client base ...i , for one , is not so price sensitive ...if everyone is like me or even Hansel , I think brokerage rates around the world will still be sky high.. actually the main reason was also the competitiveness of IB... but u also don’t see IB getting all the share ... in fact they are not even Top 5 biggest in US.. see? Not everyone is so price sensitive ... there are other factors to consider
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When you are poor like me, cost is always and will be your no 1 priority. This is coming from a poor guy who watches his every cent as you cannot afford to lose a single cent for no reason.Is like make sure there is food on the table first before thinking about something else.
Ramjade
post Jul 26 2019, 12:20 PM

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QUOTE(Hansel @ Jul 26 2019, 11:27 AM)
Looks like you are still not confident abt closing your brokerage accts in SG. You keep saying this and that, trying to create reasons to yourself, and to readers here in order to maintain your SG brokerage accts.

Look at me - I have full confidence in my SG accts. I don't apply IB or White Labels though I know and have read abt them. What are you afraid of ? Scared that one day IB or the White Labels will dissapoint you in some way ?

You're WRONG abt DBS being a bank only. YOU enter through the DBS site for the cheaper cash upfront acct. NOT through DBSV. Pls get your facts straight before commenting.

You are also wrong abt the SG address thing. But since you are talking so much here abt how bad the SG brokerages are, and need to close your accts soon, I won't teach you further.

I'll stop whining here, otherwise, I'll turn out to be like you...  biggrin.gif
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You need a SG account if you want to invest overseas to save cost. If you rely entirely on Malaysian account, is going to be expensive. That's a fact. So far IB fees have remain the same for almost 10 years. The first time I heard of them I google their fees. The fees then and now remain the same. Same with the conditions. The only thing stopping me then was the USD10/month fee which is too steep to bear and I did not know of white labels then.

DBS V is also include in DBS V cashupfront. I have always use DBS cashupfront and never use DBS V to buy. They have dividend fees + maintenance fee for overseas stocks. Their commission is also expensive. I got my facts right as I went through the entire pricing document. Why do you think I did not buy any foreign stocks using DBS V Cashupfront? The reason is the fees.

Show me then. I have message both DBS V and CDP, both told me need to have Singapore address before can participate in rights, placement. It's easy for you cause you already have a property in SG. For people like us, we can't even participate in rights cause of this address thingy. Unless you use a pseudo address kind of service, then yes. Can bypass CDP restriction. You have already stopped teaching me long time ago when I disagreed with you.

QUOTE(Hansel @ Jul 26 2019, 11:33 AM)
Bro,... his comments are giving reasons and ideas to the SG brokers to create more fees and costs for us ! MKE did the acid test and tried to impose those charges, and would have been successful if not for some investors who raised concerns to the regulators,...

Secondly, IB is not very cheap for buying US shares. My brokerage is even cheaper.

Don't listen wholly to him.

...added : If ever one day, the fees become too high in SG,... then it's thanks to him.....

Frankly,... I did my best to introduse a good jurisdiction for us in Msia and elsewhere to invest into,... I have nothing personal to gain from it. He bought my idea too and invested there. He opened accts there. He was lucky, he moved fast.

Today,... he is trying to damage this effort.
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Actually is not. Is Maybank got greedy and thought they can get away with it. They never thought their customers are price senstive and attempted to move out. If mass move out happen, it will be a mini bank run. Is the last thing they want. If you read in the investment grouss, lots of people are going to close account. This scared Maybank into undoing their action.

Did you checked out tiered pricing on pure IB? Please checked out tiered pricing of pure IB before commenting. Few cents per transaction. If that's not cheap, I don't know what is.
https://www.interactivebrokers.com/en/index...=1590&p=stocks2
Tell me does SG broker pricing requires one to be a priority/privilege/private banking customer first? Is it open to poor people like who cannot afford priority/privilege/private banking?

Yeah please don't listen to me. I live the low cost life. Is destroying if they are stubborn to change. Is encouraging them not to be more competitive. It's destroying if they become less competitive like what they are doing. Anyway I ikan bilis only what. My business won't have any effect on them. Introducing cheaper fees = destroying or is introducing more fees = destroying? There is a reason SG is losing out to HK market in recent years.

This post has been edited by Ramjade: Jul 26 2019, 12:34 PM
Ramjade
post Aug 9 2019, 09:04 PM

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QUOTE(Kudo2012 @ Aug 5 2019, 08:34 PM)
Hi,

May I know the differences between tradestation & tradestation global?
I received the info from tradestation ask me to transfer fund to their bank account in US, and the minimum to start is USD 500.
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I think tradestation is solely for US stocks and is not part of IB (can't see any IB banner on their main page vs global page)
while tradestation global is well... global.
Ramjade
post Aug 10 2019, 06:12 PM

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QUOTE(prince_mk @ Aug 9 2019, 10:44 PM)
Lately I sign up Sg Stashaway and put some here so that I may invest in US etf. any comments ?
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Not worth it. If you have access to IB/SCB SG, can DIY. That's one of the main reason until today I am not opening a robo account. Stashaway uses US based ETF. DIY can go with Ireland base. Save 15% dividend tax from Unker Sam.
Follow instructions on first page go or with bogle head 3 funds.

Long term wise IB cheaper than > SCB SG.
Ramjade
post Aug 10 2019, 07:12 PM

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QUOTE(Sumofwhich @ Aug 10 2019, 06:38 PM)
Regarding boglehead 3-funds, are you investing in these 3 or other equivalent ETFs?
Vanguard Total Stock Market Index Fund (VTSAX)
Vanguard Total International Stock Index Fund (VTIAX)
Vanguard Total Bond Market Fund (VBTLX)
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I don't do ETF. The idea behind ETF is you need to sell to get your money back. I prefer not to sell. Hence I choose to be buy-hold-dividend growth investing.

For me if I go with ETF investing,
1 S&P500 index/dividend aristocrat index
2 Asia Pacific index
3 Global bond index/amanah saham
Ramjade
post Aug 16 2019, 12:53 AM

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QUOTE(wencong1923 @ Aug 15 2019, 11:08 PM)
Hi all, newbie here.
May I know how to open account and start to invest?
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Read first page and last 10 page of this thread. This is fully DIY. If don't like DIY and like some one doing all the buying for you,
can use
Stashaway

This post has been edited by Ramjade: Aug 16 2019, 12:55 AM
Ramjade
post Aug 17 2019, 02:30 PM

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QUOTE(TOS @ Aug 17 2019, 02:15 PM)
Hi all.

I have a question regarding the first post, on the withholding tax "refund":
Is it still true, as of now, that 50% of the withholding tax can be claimed back from the US IRS by filling out the 1040NR form? Has anyone succeeded in doing so?

@rjb123 (Experimenting with forum feature. Others can help answer as well. smile.gif)

As a reference, another link (https://money.stackexchange.com/questions/21779/buy-us-etf-as-foreigner-a-bad-idea) also claims that partial refund of the withholding tax is possible, although the source didn't mention that it's 50% of that amount.

Thanks for the kind help.
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You need to file income tax. By filing income tax with US means you have a US tax no. Made your life more difficult in the long run with a US tax no (FATCA). Some things are best not claimed.
Ramjade
post Aug 17 2019, 03:06 PM

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QUOTE(TOS @ Aug 17 2019, 02:41 PM)
Hi Ramjade. So, by filling income tax I can have partial "refund" from the 30% dividend paid? How much of refund can it be? Is it 50% of the withholding tax as claimed in the first post?

Why would my life be more difficult?

I have heard about FATCA but not quite sure about its impact to us NRAs. Can you elaborate more on this?
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Never try. Not going to try. If you try maybe can share here.
Having a tax no with US govt means it's very difficult for you to open account anywhere in the world as most places once they know you have some connection to US govt straight will reject any of your application to open account. Hard to close account also. Good eg is London major spend so much just to renounce US citizenship. His only mistake was being born in the US. Costly and troublesome for business so they choose not do business with you.

Perks of being a US citizen (FATCA) where you can't escape the long arms of the IRS. I rather pay the 30% tax then involve with IRS of the US govt and make my life difficult in the futurre.
Ramjade
post Aug 17 2019, 08:36 PM

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QUOTE(Hansel @ Aug 17 2019, 08:26 PM)
If you are a Non-Resident, your file will begin with the letters - 'NRA' followed by a line of digits. Having an NRA file is okay, for this clearly states that you are not a resident, nor a PR nor a citizen of The United States of America.

Having a 'NRA' type of tax file is equivalent to filling-in the W8-BEN form. In North America - Non-Resident Tax Files are of NRF or NRA types,...

There is NO problem here, and when you fill-in your FATCA and your CRS forms in future, there is no difference compared to what you are doing now.

If not too sure, don't simply comment-lar, bro... I know you are trying to be a know-all,... that's up to you,..

Anyway,... I chose to counter-comment here because WHTs are starting to bite me here and there,...
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You sure? Cause if doesn't matter is fantastic. But if banks and others financial companies were to jump at the word united states and US income tax no, is no good.

Anyway as mentioned above, I will rather pay the taxes then try to claimed it back even if we are entitle to claimed. Better safe than sorry. Is the US govt. I don't want to mess with US govt.

This post has been edited by Ramjade: Aug 17 2019, 08:37 PM
Ramjade
post Aug 18 2019, 09:16 PM

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QUOTE(TOS @ Aug 18 2019, 08:20 PM)
Hi all.

I have some questions with the concerns of messing up with the US government. I understand about the concern especially with the CRS (common reporting standards) being adopted in many countries these days.

As for tax no., I believe the US tax no. id officially called TIN or Tax Identification No. As far as I know, even a TIN is required when you fill up the W-8BEN form, which concerns with the 30% WHT. So, every NRA like us who invest directly in the NYSE (dividend-paying stocks or ETFs) will be required to fill up the W-8BEN form even if we don't ask for the "50% WHT refund".

So, is Ramjade trying to say that one should not even invest in the NYSE directly? (since you already need to file a tax form with a TIN on your W-8BEN)
Referring to the bolded part, pay the tax and try to claim it back? Isn't that what I am asking here and you are against it? Now you are advocating it here? Or a typo?

As for those who suggest to buy funds try UCITS, I am aware of the benefits.

Just one concern, most USD-denominated UCITS are traded on LSE and SIX. And their markets are less liquid than NYSE. Can anyone recommend brokers in Singapore or Malaysia who deal with the Vanguard S&P 500 UCITS on LSE or the iShares S&P 500 UCITS (Accumulating class, USD-denominated) on either LSE/SIX?

I am a long-term investor, so Interactive Broker is not suitable for me as I don't have 100k USD anytime soon, nor do I want to pay 10 USD per month for commission. I am looking for something similar to TD Ameritrade, one-off commission, and can last forever. It's kind of unfortunate that TD Ameritrade only offers trading in US markets.

Thanks for the help, everyone.
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TIN is basically just income tax. If you pay tax in Malaysia, the TIN in he form is your Malaysian income tax no. Country: Malaysia.

Wben8 is so that you won't be tax on capital gains. As mentioned by people above, you can only claimed back if your country got treaty with US govt. Malaysia don't have. And to claim the dividend tax back, I believe you need to have a US income tax no.

You can invest but what I am saying is just pay the damn 30% tax. Don't even try to claimed it back even if you can (which we Malaysians can't). Forgo it. Considered it burnt. You don't want to mess with US IRS. Just let them earn the 30% tax.

Forget about using Malaysian or Singapore brokers to buy US ETF (bases in NYSE/NASDAQ/LSE). Not worth it with high commision, markup exchange rate, dividend fees, quarterly platform/holding fees. Very expensive in the long run. Why let them earn extra?

Know what you want. You want to save on dividend fees or you want to trade?
If trading US.
If buy and hold and to save on dividend Ireland domiciled listed on LSE.
Keep it simple. You cannot have both. Pick one.

Who asked you to use the pure Interacrive broker? Use their whitelabels (rebranded version of Interacrive broker). Kindly read back last 10 pages of this thread. People have been kind enough to share. Whitelabels cost USD2-3/transaction minus the monthly USD10, fee.
Pure IB cost few cents per transaction (if you use tiered pricing) but comes with monthly USD10 charges.
Your choice. I am using Whitelabels.
Ramjade
post Aug 18 2019, 11:20 PM

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QUOTE(TOS @ Aug 18 2019, 10:14 PM)
Ok, please check the facts below:

1. TIN is NOT the same as US Income Tax No.

2. You need a TIN when filling up the W-8BENN form, which is used to avoid paying CGT to the US since we are NRAs. (This is the form required for all of us to fill up when we decide to trade directly on the US market.)

3. You need a US Income Tax no. when filling up the 1040NR form to claim back the 30% WHT which is NOT possible for Malaysians since there is no tax treaty with the US. (So, basically the first post of the thread is wrong, for Malaysian investors, that is. It is not possible to claim back ANY portion of the 30% WHT for us NRAs without tax treaty of any kind with the US, correct?)

Please check the above 3 facts.

And so there is NO issue trading directly on NYSE, the TIN is NOT an issue at all. I just keep paying the 30% WHT to the US government while trading with my broker on TD Ameritrade. There is no worries about FATCA even though I trade with TD, as long as I don't mess up with the US gov by claiming ANY portion of the 30% WHT back.

The only concern here is claiming back ANY portion of the 30% WHT. If I do so, I mess up with the US gov because I will have a US income tax no by then and have to deal with FATCA.

If however, I choose to keep paying the 30% WHT (which means I only fill up the W-8BEN form), I will have no issues messing up with FATC/US gov etc., even though I will be required to have a TIN.

In short, no worries about trading NYSE on TD Ameritrade TOS platform, as long as I don't claim back ANY portion of the 30% WHT.

Correct?

As for brokers' choice (if I choose not to trade with US brokers):

I am a long-term trader who wants to save on commission and looking for platforms without ongoing charges of any kind, including custody fees, inactivity fees etc.

One single trade would be 7000-10000 USD for me (of course if the commission is low enough to account for less than 1% of the trade amt, then I will go for a lower trade amount, maybe 3-5k USD)

I know IB is a stupid choice for me, and I am aware of the whitelabels. But I don't know which is good?

I am looking for investing in USD-denominated accumulating class (so no dividend handling charges) UK/Swiss ETF (Vanguard S&P 500 UCITS or iShares S&P 500 UCITS)

I know about Captrader and TradeStation. But Captrader only trades in Euro (I prefer USD shares, so that currency is my own liability) and I can't tell if Tradestation trades in LSE/SIX (can't find the market info on their official page. I only know they trade in the "US and worldwide" https://www.tradestation.com/about/)

I also looked up eToro, but they don't have accumulating class UCITS, only a distributing one. Moreoever, it is traded in GBP, not USD https://www.etoro.com/markets/iusa.l

Any good suggestion? Or I have to relax my requirement?

Thanks for the help everyone.
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QUOTE(TOS @ Aug 18 2019, 10:17 PM)
As for ETF requirement,

If an accumulating class is not possible, please suggest brokers with dividend reinvestment plans but NO dividend handling charges or any kind of charges. TQ
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Just keep it simple OK? TIN is your income tax no with LHDN (for us Malaysisns). US call it TIN, you can call it what you want. Is a tax no for your country. Let's say you are AU CITIZEN with income tax no of 12345678. TIN will be 12345678. Country will be Australia. Understand? That's what you fill up into WBEN8 form or whatever form asking about income tax/tax residency. That's how I fill it up. Cause the broker will not accept if I leave it empty. I filled it up, give them a copy of my tax filling with LHDN.

You don't need to fill up other forms except for WBEN8 as a NRA. No issue with trading as you won't be charged CGT. Only dividend tax. Since Malaysians can't claim anything back from US govt no need to worry.

If in the future, somehow you found a way to claim money back from US govt, then is better to get a tax advisor on what to do so that FATCA will not come after you. FATCA is designed to catch Americans and for Americans. If you are filling up the wben8 form only, don't need to bother about FATCA. Bother about how you are going to explained to LHDN if your income is not tax in a Malaysia (before you use it to buy stocks/etf from your broker. If already taxied by LHDN, then you are fined unless you under declare)

If you buy accumulating ETF, you will still be slapped with 30% tax before the divided will auto be reinvested back in. Cannot run away unless you buy from LSE.

Wrong. Captrader does not trade in Eur. You can select your base currency as USD upon creating account and you still login using Interacrive broker. Sign up part only deal with Captrader. You can buy USD ETF from LSE. You can also buy USD ETF from US stock exchange. Just make sure the ETF fund is traded in USD and make sure you have USD in your account. You will be buying and selling from inside interactive broker page. Select ETF (stock code you want, punch in how much is your price and how many units, click preview, purchase, done. You cannot buy USD denominated fund using say GBP or EUR. Tradestation here is Tradestation global. Not the normal tradestation.

I dont know why you are making it complicated. Keep it simple. Hope you understand. Avoid etoro. Is CFD broker.

If you are a trader and can generate min commision of USD10/ month use pure interactive broker. Way way cheaper as each transaction only cost a few cents. If you cannot generate that amount of commision stick with Whitelabels.

This post has been edited by Ramjade: Aug 18 2019, 11:30 PM

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