Right,... so rjb123 deposits GBP notes into IB from his UK Account which is free, since that account is based in the UK (whose natural currency is the GBP), but if he deposits USD into that account, he will have to pay USD50 fee, because the USD would then be foreign currency in the UK,... Is my understanding correct ?

Tq rjb123,....

Pertaining to the above, I would understand you would be able to transfer over funds from a Sgp bank acct in SGD into the IB SGD Acct,...

But my question is : are you able to give SGD cash by hand to the IB employees at the IB Office in Sgp to be deposited into your IB SGD trading acct ?

YES,... bro,... all my doubts are cleared. Your second sentence : They don't even accept transfers from accounts in a different name, happened after the 1MDB case started blowing-up,... yes, my private banker warned me of this !!!

In some past postings when a forummer said to me,... capital controls has been in existence even before 1MDB started, yes, I would agree,.. but back then,...before the 1MDB fiasco started, your second sentence has not been enforced yet !

After that 1MDB case blew up, MORE enforcements were put in place,... and more restrictions against capital movement were enforced,... That's why I said,... thanks to 1MDB. Now I/we am/are heavily inconvenienced.

Bro,... you really don't get my msg's,... it's okay, if really one can learn so fast,.. then the concept of time needed to build experience does not qualify anymore. anymore,...

Bro,... I'll reply this subject topic one more time,... I'm aware this applies to everyone today,... but if you read my writing earlier,.. I'm not talking about this ruling being applied to whom,... but I was talking abt this ruling being started to be enforced since when,...

Anyway,... I'd like to reiterate here,... the point that I'd like to make here is if one can indeed find a bank which can accept foreign currency notes being deposited in without charges (just like DBS earlier), it really saves a lot of cost in our investing plans. But DBS has closed her doors. Hopefully the other bank can open her doors now.

Bro,.. I have not traded at Bursa,... Maybank Securities asked me not to bring my funds back !

1) YES,... at most is you wasted the time.

2) You just lose on transport for once, then the moment you earn your first and second divvies, you would have covered this expense ! Then subsequent divvies will be for you to enjoy,...

Bro,.. are you sure of the above ?? I checked earlier and discovered the shares are kept with a trustee. Even if the custodian should wrap up, the beneficial ownership of the shreas still remained with the purchaser.

Bro and bros,... I think we are,.. relatively,.. smaller players,.. not worthy for our central bank to go after,... so, I think, no need to waste time being too careful,... it'll be an overkill. Furthremore, even if we bring down or out more than USD10K per trip per person,.. I think nobody will notice lar,... provided we don't do it long term.

Bro,.. your mother's friend's husband is not totally right ! See below for counter-comments :-

1) buy gold as gold is priced in USD. It will "protect" your worth.

Counter-comments : Gold has no income tied to it. Owning gold makes one wait for appreciation. If you keep the gold at home, either the thieves or the MACC will come and search you out. If you noticed those who are raided by the MACC, they will have gold either in their hse, or in their office or at the kampung hse.

2) keep SGD/USD cold hard cash/or open a bank account in SG and keep cold hard cash there.

Counter-comments : Keeping SGD/USD cold hard cash at home ? This banker must have advised those people caught by the MACC.... Everytime the MACC raided some suspect's house, surely they will find foreign currency cash in the house. SOmeitmes it's good also that MAS restricts Msians opening accounts, then these people will not be able to siphon the funds out so easily anymore.

Keeping cold hard cash in a bank account in Sgp ? Earning the FD there ? Well,... everybody knows he interest rate there.

I think 'better I become the banker'.

Frankly,... if our RM is not as it is,.. we really don't need to think abt investing outside !

I understand what you said bro,... but I still stand on the position that one must still try, but try carefully !

Bro,... if you are thinking of succeeding in investing elsewhere, then it's okay to change now, and pls do not worry abt what might happen to the MYR in future. Even if the MYR should strengthen in future, you would have earned to foreign currency dividends overseas. If you worry abt the exchange rate, and worry abt what to invest in, worrying abt so many things,.. you will never start,...

If you intend to benefit (or profit) from the exchange rate, then yes, if you take the view that the MYR will strengthen again in future, then you put yr MYR into FD or PNB Fixed Price funds now, while waiting for the time to convert after the MYR regains its so-called strength.

What I read from what you wrote is you wished to succeed in overseas investments, then focus outside, bro,... change yr money now,...if you're keen on SGX, go buy some SG REITs now,...start earning the dividends. Then you will have a better feel when you see SGD dropping into yr account.

Guys,... just a thing here if you are not already aware,... since this is an ETF thread,... if you have a DBS account, you can just subscribe to one ETF via the DBS/POSB ATM ! It's as simple as that,...

Everybody can buy it,.... just need to have an ATM Card and press a few buttons at the ATM. Yeah,.. need to have some money too,....

Well, this is one quick option that I thought of at the moment,... you can always consider to just walk to the ATM and buy this ETF when the timing is right, I'm not asking you to go buy now !

Appreciated the clarification, bro,...

Bro,... just a opinion here : don't make things too complicated,.. you are gaining knowledge day by day,.. you are experimenting day after day,.. soon, you will be very confident. ETFs are not suitable for you,... go for the bigger fishes.

This is quite informational, sl,... Tq. But, the prb is if you still have the ITIN now, yo may hove prbs opening accounts elsewhere in the world due to FATCA rules. Do you have such prbs ?

...tq for the reply,... When you filled-in the FATCA forms, did you reply 'Yes' to the following questions ?

1) Are you a US Resident ?

2) Are you a US Citizen ?

3) Do you have a US ITIN ? ...followed by giving them the number.

Tq sl,...

Perhaps we should take this offline,... don't wish to dilute this thread which is for USDMYR talks,....