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All about ETFs / Foreign Brokers, Exchange traded funds
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Ramjade
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 Jul 24 2024, 09:12 PM
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QUOTE(jutamind @ Jul 24 2024, 08:13 PM) Oh ya, forgot about this stamp duty. Wah, to save until 10k, then it's going to take years before can start investing. Probably will start with SA for regular small time investment until the savings grow big enough to do periodic lump sum in IBKR. So is VOO a better choice to start investing or ISAC or other better ETFs? Moomoo can buy fractional shares. I think. Depends on what you want. If you want to save on dividend tax, cspx or it's equivalent from LSE (Ireland based). If you want to do options like me SPY, QQQ. You will recover > the 30% dividend tax charged by US govt. That's what I did. I saved until 10k then only move the money overseas. Rinse and repeat. This post has been edited by Ramjade: Jul 24 2024, 09:18 PM |
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Ramjade
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Jul 25 2024, 08:34 PM
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QUOTE(jutamind @ Jul 25 2024, 07:59 PM) I think if you buy from MY broker or robo advisor, then I think there should be no estate tax as the shares are held under nominee. If you buy direct using IBKR, then I guess estate tax might kick in. Just my guesses anyway Regardless where you buy, you will still get estate tax. Cannot run away from US IRS. |
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Ramjade
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Jul 27 2024, 12:25 AM
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QUOTE(TOS @ Jul 25 2024, 09:34 PM) If you buy Irish/Luxembourg-domiciled funds/ETFs then there will be no estate tax, IRS doesn't chase all the way until the Level 2 stage. There is only 15% WHT on the dividends paid by the Irish ETF to IRS. If you buy VOO/QQQM or other US-domiciled funds, then 30% WHT on dividends plus estate tax for those NRAs holding above 60k USD. Yes ireland no estate tax. But if you buy voo likely kena estate tax. |
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Ramjade
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Nov 7 2024, 08:13 AM
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QUOTE(boyboycute @ Nov 6 2024, 09:30 PM) Unker trying to help you but your delusion is very deep seated already. No amount of medicine can save you liou How much you EPF give over 30 years? 5%p.a compounded How much s&p500 and Nasdaq 100 give over 30 years 9-10%p.a compounded. One is self cleaning. One is not. Self cleaning here means lousy companies not making money are automatically remove. I am not talking short term. You are thinking short term. |
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Ramjade
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Nov 7 2024, 08:52 AM
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QUOTE(dwRK @ Nov 7 2024, 08:50 AM) like that you move your reply here... but he is just trolling ppl... no constructive discussion... calling himself unker in the 3rd person... like this will gain some form of seniority and respect... lol... Mod nowadays damn fussy.😅 I don't want to earn holiday. |
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Ramjade
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Nov 7 2024, 12:16 PM
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QUOTE(togekiss @ Nov 7 2024, 11:34 AM) not sure if it's better to dump in one shot like RM10k into ETF or DCA RM500 each time coz there's always fees for each transaction in IBKR. exchanging from MYR to USD also not so favorable these days coz USD getting stronger. That's why I say know what you are buying and why are you buying. You must have conviction and think long term. Not short term. I have been changing USD since the days of 4.0 all the way to 4.8. I will continue to change regardless of exchange rate. The move up really boosted my portfolio. How long it can sustain, who knows. I will keep changing my weak RM to USD. Then see if got anything cheap to buy. Relative cheap also ok. No need to have super cheap. I always convert min 10k per shot. This post has been edited by Ramjade: Nov 7 2024, 01:52 PM |
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Ramjade
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Nov 7 2024, 05:51 PM
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QUOTE(togekiss @ Nov 7 2024, 05:47 PM) Yes, I'm using WISE. but not so much of withdrawal as I've just started my investment phase into ETF. So it's basically using MYR to change to USD through wise, and then have it transferred to IBKR. From IBKR, to invest into ETF's let's say every 100 USD you invest, you get charged by IBKR as well. So I'm thinking, it's probably cheaper to just invest a larger sum of USD to save on the fees. As for withdrawal, a lot of people are talking about opening a SG bank account. But we don't know what will happen in 10 years or 15 years time. Perhaps then, IBKR would have tied up with a Malaysian bank to allow withdrawals or something. Just open a sg bank account and bypass wise altogether. When I started I don't even use wise. Like I said I collect until 10k then do a transfer. As long as Forex is haram in Malaysia, you can keep on dreaming. This post has been edited by Ramjade: Nov 7 2024, 05:53 PM |
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Ramjade
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Nov 7 2024, 07:24 PM
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QUOTE(togekiss @ Nov 7 2024, 07:23 PM) Ooh, so transferring money using SG bank account into IBKR is cheaper than WISE to IBKR? Yes of course. Wise is expensive. Hearsay rhb multicurrency is cheaper than wise. But I don't have rhb not do I know how to get the good rates from rhb. This post has been edited by Ramjade: Nov 7 2024, 07:24 PM |
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Ramjade
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Nov 8 2024, 07:57 AM
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QUOTE(rankiba @ Nov 8 2024, 04:12 AM) RHB multicurency not necessarily better, I have to fight my RM for lower pips then baru better than Wise. I read that it's all online. There no need for human intervention. |
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Ramjade
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Nov 8 2024, 10:15 AM
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QUOTE(rankiba @ Nov 8 2024, 09:59 AM) Yes it is, daily limit 30k, but I do bigger amount that's why every pip counts  It's not FPX. Got such limit? |
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