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> All about ETFs / Foreign Brokers, Exchange traded funds

aspartame
post Jan 20 2019, 10:50 PM

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QUOTE(Ramjade @ Jan 20 2019, 10:22 PM)
If you are investing over long term, RM60 adds up. If one time, then can close eye.
Sometimes, such money need to be spend to get more savings down the road.
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It is precisely because of investing for the long term that this RM60 can be considered a once off cost and thus negligible. This RM60 is a once off cost for every RM10k invested.
Ramjade
post Jan 20 2019, 11:04 PM

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QUOTE(aspartame @ Jan 20 2019, 10:50 PM)
It is precisely because of investing for the long term that this RM60 can be considered a once off cost and thus negligible. This RM60 is a once off cost for every RM10k invested.
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I think you misunderstood me. One off means you won't be paying it again. However because one is transferring money to overseas broker on a regular basis, is not a one off event. Is a recurrent event which makes senses to reduce recurrent wastage.
aspartame
post Jan 20 2019, 11:16 PM

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QUOTE(Ramjade @ Jan 20 2019, 11:04 PM)
I think you misunderstood me. One off means you won't be paying it again. However because one is transferring money to overseas broker on a regular basis,  is not a one off event. Is a recurrent event  which makes senses to reduce recurrent wastage.
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It does not matter whether you transfer out 1 time @ 100k or 10 times @ 10k each time, the total transfer out is still 100k and you pay extra once off RM600 for every 100k .... and so on and so forth ...
Ramjade
post Jan 21 2019, 09:09 AM

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QUOTE(aspartame @ Jan 20 2019, 11:16 PM)
It does not matter whether you transfer out 1 time @ 100k or 10 times @ 10k each time, the total transfer out is still 100k and you pay extra once off RM600 for every 100k .... and so on and so forth ...
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The question is why bother to pay extra when the extra saved can be used for investment? No point paying extra when you get no benefits out from it.
aspartame
post Jan 21 2019, 09:17 AM

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QUOTE(Ramjade @ Jan 21 2019, 09:09 AM)
The question is why bother to pay extra when the extra saved can be used for investment? No point paying extra when you get no benefits out from it.
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Yes, if it is very convenient to do so but he was talking about taking a day and a trip to KL or whatever just to open account to "save" RM60....time and effort is also worth something
Ramjade
post Jan 21 2019, 12:45 PM

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QUOTE(aspartame @ Jan 21 2019, 09:17 AM)
Yes, if it is very convenient to do so but he was talking about taking a day and a trip to KL or whatever just to open account to "save" RM60....time and effort is also worth something
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10x of transferring already incur RM600 which can buy a decent meal.
Is just one day. Can make appointment, go early morning, come back at night

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