Cannot use intarem bcoz at IB u need to fill in the fund origin bank acc

Ramjade, may I know what currency did you transfer to assuming that you used MYR to pay?

GBP

Interested to get into ETF. Doing some study.

Checked the withholding tax on dividend with USA, from the doc from our LHDN, it says dividend withholding tax is NIL. See below.

http://www.hasil.gov.my/pdf/pdfam/DoubleTa...eementRates.pdf



Maybe something I overlooked?

What is meant by "limited agreements" in the table?

Thanks.

P/S For the Ireland brokers, can someone share the broker names you are using and whether you have received dividends from the ETF, how much is taxed? Thanks.

This post has been edited by plumberly: Nov 18 2018, 03:00 PM

The WT is taken at source - if you buy a US domiciled ETF that’s 30% of the Dividend, Irish domiciled ETF it’s 15% of the dividend

It doesn’t need to be a different broker - the important part here is the domicile of the ETF.

I use Interactive Brokers .. you can buy Irish ETF on LSE, or Amsterdam and some other exchanges also.

Noted and thanks.

Now I think I got it. Just look for ETF created/run by companies in Ireland, like below:



Your 1st page this ETF thread is very good. You mentioned Ameritrade as your broker. Now using IB? In what areas is IB better?

Thanks.

I used TDAM originally because of the fee free ETFs, but since that changed to TD Ameritrade Asia In SG I don’t think that exists anymore.

IB has access to basically all markets worldwide and lower fees. But higher minimums and inactivity fees

I think AT still has the fee free EPF from what I read last week (not any ETF you like but the selected 300 ETF). I don't like the general impression I get so far from reading these USA brokers' web infor. Said A but they meant B. Have to be careful in reading their docs. Eg 300 free fee EPF is not really the case, stated somewhere else that need to buy x amount to qualify and also must be within x weeks after opening ac. Also, one page says account deposit of US$x k while another page says US$0! First impression is indeed misleading!

This is contrary to the impression I have on the USA as a highly developed country with everything in near perfect order. Ha.

Back to ETF topic.

As a rookie in ETF, going through the learning steps. Appreciate your help (and other friends here as well). Compiling my learning points and I plan to share it here so that other beginners will have an easier time to get walking and then running on ETF.



Please PM me pointers and I will compile them in a decision flowchart for sharing later.

Many thanks.

P/S On expense ratio, is that set for the life of the fund or can that be changed later?

PP/S Question on ETF dividends. Say ETF AA has companies X, Y & Z which give dividends of 1, 2 & 3 million for ETF AA.

(1) ETF AA will then distribute the 1+2+3 million dividends to the ETF AA shareholders?

(2) Can ETF AA itself give dividend (not from companies X, Y & Z)?

(3) If ETF AA allows dividend reinvestment, this will be after the 30% dividend tax deduction?

(4) Say I terminate this ETF AA after 10 years, any fees I should be aware of? Capital gain tax, sell fee, etc?

On TDAM - you’ll have to read TDAM Asia specific content, being based in Malaysia that’s who the account would be with. I haven’t logged in for far too long (really need to - busy with life and my broker accounts have been gathering dust!)

I wrote replies to the other questions but somehow my phone refreshed and they got deleted, will do it again when I get to a PC!

Anyone looking to buy anything ? I think I might slowly build up S&P 500 portfolio . 3140 on HKEX vanguard

@ramjade thanks to your sharing, i have managed to transfer MYR to USD at TransferWise via Instarem with a loss of 0.275% (instarem fee plus forex loss). apparently, the cost of transferring my USD from TW to IB (US account) is USD1 fixed via wire transfer but it is slow; my first ever transfer will take one week. i will then be converting my USD to Euro via IB to purchase some VWRL ETF.

Krv23490, have you considered VWRL, Vanguard FTSE All-World UCITS ETF which has much bigger and diverse portfolio and ireland-domiciled? may i know why you chose to buy at HKEX?

Good point on reading the correct Asian web site rather the American version.

Gathering dust? Not really, must be overflowing with dividends and capital in the accounts!

Look forward to your reply.

Cheerio.

ETF baby here. Why buy more ETF now when the economy is so volatile? One day up, next day down, one week up, next week down.

Don't time the market?

Yes, with volatile market now, I still prefer to stay put, wait and see.

For my learning, why convert RM to US and then to Euro? Why not RM to Euro straight?

They don't accept RM? Has to be in US?

Surprised to learn some months ago that when you use credit card overseas, say you buy A in France, the card will charge the Euro X in US Y and later convert that US Y to RM Z.

Crazy system. One way to globally increase the demand for US $! Should do without that artificial demand for US$.

Thanks.

Thats a good question! Because i just signed up for FSMone. HKEX seems to be the cheapest !

Which broker would you recommend?

True, you can keep on waiting, but when will you go in ? Emerging markets already down 15% YTD so i think maybe its time. To each their own. As always , some will say its catching a falling knife , if you can see the bottom, please do share with me too!

TW also gives EUR borderless account that you can deposit. In this way, you don't have to convert twice.
You can fund your IB account in EUR from your TW borderless account. Just remember to leave the account number blank when you fill up the IB deposit form.

By "accident" when looking at something else, noted that FSM also deals in ETF.

Any one using FSM for ETF? Appreciate your view.

One major concern (for me) is when you buy, the ETF will be under FSM name and not yours. Just that FSM will record it as that ETF belongs to you. Yes, under trustee etc, but I have my concerns.

Cheerio.

Instarem doesn't allow me to send Euro using MYR at the moment else I would have skip USD and save the conversion loss. Instarem also doesn't allow me to send directly to IB so I need TW. I am one of the unfortunate ones to have to earn my salary in MYR...


if anyone has cheaper method of transferring Euro to IB from MYR, i am all ears...

TW charges 0.63% if i convert my usd to euro then transfer to IB. converting at usb to euro at IB is cheaper and fixed cost. correct me if i'm wrong.

my deposits path is as follows:

MYR -> USD via Instarem -> TW

TW -> USD to IB -> IB converts USD to Euro


this is the most cost optimised path that i can figure out. please correct me if i'm wrong.