I will reply you here.
1. Open CIMB Sg account.
https://ringgitfreedom.com/banking/opening-...for-malaysians/
2. Open interactive broker account one you are able to login to CIMB SG account.
https://www.interactivebrokers.com/en/home.php
3. Enable trading permission for UK market
4. Open up Sunway money account
https://sunwaymoney.com/
5. Use Sunway money to transfer RM to SGD into your CIMB Sg bank account
6. Use FAST transfer to send money to IBKR SGD bank account using CIMB sg.
7. Convert into the currency you want Interactive broker
8. Buy Ireland based S&P500 ETF off London Stock Exchange.
Why Ireland etf and not US  based etf?
Go for Ireland based etf cause you save 15% on dividend tax vs 30% if you buy US based ETF directly.
If you want to go for options down the road, go with US based ETF namely SPY.
More info kindly read this post and the ringgit freedom blog.

Avoid lifebalance steps or recommendation for ETF. Not cost effective and lousy. Use the above steps. Anything you can ask here or ask in
Interactive broker thread
Or
https://t.me/sgIBKRcommunity

Unlike him who don't want you to talk about ETF investing, I am all ears if you want to ask about EFF investing

Btw, he reported my post in the insurance part for pointing out that he's wrong and his steps are expensive and inefficient.

I will reply you here.
1. Open CIMB Sg account.
https://ringgitfreedom.com/banking/opening-...for-malaysians/
2. Open interactive broker account one you are able to login to CIMB SG account.
https://www.interactivebrokers.com/en/home.php
3. Enable trading permission for UK market
4. Open up Sunway money account
https://sunwaymoney.com/
5. Use Sunway money to transfer RM to SGD into your CIMB Sg bank account
6. Use FAST transfer to send money to IBKR SGD bank account using CIMB sg.
7. Convert into the currency you want Interactive broker
8. Buy Ireland based S&P500 ETF off London Stock Exchange.
Why Ireland etf and not US  based etf?
Go for Ireland based etf cause you save 15% on dividend tax vs 30% if you buy US based ETF directly.
If you want to go for options down the road, go with US based ETF namely SPY.
More info kindly read this post and the ringgit freedom blog.

Avoid lifebalance steps or recommendation for ETF. Not cost effective and lousy. Use the above steps. Anything you can ask here or ask in
Interactive broker thread
Or
https://t.me/sgIBKRcommunity

Unlike him who don't want you to talk about ETF investing, I am all ears if you want to ask about EFF investing

Btw, he reported my post in the insurance part for pointing out that he's wrong and his steps are expensive and inefficient.

I will reply you here.
1. Open CIMB Sg account.
https://ringgitfreedom.com/banking/opening-...for-malaysians/
2. Open interactive broker account one you are able to login to CIMB SG account.
https://www.interactivebrokers.com/en/home.php
3. Enable trading permission for UK market
4. Open up Sunway money account
https://sunwaymoney.com/
5. Use Sunway money to transfer RM to SGD into your CIMB Sg bank account
6. Use FAST transfer to send money to IBKR SGD bank account using CIMB sg.
7. Convert into the currency you want Interactive broker
8. Buy Ireland based S&P500 ETF off London Stock Exchange.
Why Ireland etf and not US  based etf?
Go for Ireland based etf cause you save 15% on dividend tax vs 30% if you buy US based ETF directly.
If you want to go for options down the road, go with US based ETF namely SPY.
More info kindly read this post and the ringgit freedom blog.

Avoid lifebalance steps or recommendation for ETF. Not cost effective and lousy. Use the above steps. Anything you can ask here or ask in
Interactive broker thread
Or
https://t.me/sgIBKRcommunity

Unlike him who don't want you to talk about ETF investing, I am all ears if you want to ask about EFF investing

Btw, he reported my post in the insurance part for pointing out that he's wrong and his steps are expensive and inefficient.

One quick way is to check the Irish ETF/UCITS providers' website and inspect the list of UCITS offered. I list some examples below, with S&P 500 UCITS in the second link of each AM respectively:



Usually people will focus on liquidity of ETFs/UCITs, so Vanguard and Blackrock's ETFs/UCITS are more popular.

---------------------------

Yes, Sunway Money offers a better rate than many other FX fintech providers at the moment. The spread against interbank market is around 0.3-0.4% for large sums (a few thousand SGD) and around 0.5% for smaller amount. But take note that unlike Wise, Sunway Money's transfer is not instant. Sunway Money seem to have a tendency to "speculate" on FX rates by withholding the transfers a few hours to see if the FX rate moves in their favour before releasing it to you. So sometimes, you will need to wait till the next day to receive you money if you initiate the transfer at late afternoons of 4 to 5 pm. If transfer is initiated in the morning, you should be able to receive it by afternoon within the same day.

1. Malaysian banks -> Sunway money -> deposit SGD into CIMB Sg -> Open IBKR -> follow the steps listed into the article on how to deposit money into IBKR.
https://investmentmoats.com/money/fund-with...rokers-account/
2. Once SGD inside your account, convert it into USD via IBKR app.
3. Login to IBKR enable trading permission for UK market.
4. Search for CSPX
5. Key in price you want and wait.
https://investingintheweb.com/education/inv...n-sp500-europe/

You want to have more SGD per RM you convert?
Yes. Then you use Sunway money. You get more SGD per RM.

You want to give banks free money?
Yes. Then don't use Sunway money. You have lesser SGD to invest cause banks took some money from you.☺️
See guide above.

But Ireland domiciled ETF if you want to save on dividend tax.

Frankly I will buy US etf and sacrifice dividend tax. Why?
I can do covered call on it. Once I have 100 units, I can do cover call on it and generating say USD20-50/week on my investment. This USD20-50 x52 weeks (there's 52 weeks in a year) is more than what the US govt tax on my dividend. In simple English I am getting paid more with extra Vs what the US govt is taxing me.

I can't do covered call if I buy Ireland demociled ETF..

I am just stating that why I prefer US version over Ireland version. No need follow me.

You can follow Ramjade's guide from step 1 to step 5 listed. IBKR is geared towards professional and institutional investors, so the interface is daunting for newbies, but you will enjoy services with better quality/privilege as a result (such as the ability to execute orders in different exchanges/ECNs, which is important for European stocks/ETFs as the fees can vary from 1.25 EUR to 4.4 EUR minimum for several hundred EURs worth of order).

You may also consider using the desktop Trader Workstation portal: https://www.interactivebrokers.com/en/trading/tws.php

And no, you don't have to follow his "options/covered call" approach. Options are not for everyone, certainly not for someone new to investing. The premium on options are paid and earned precisely because you are taking positions and views on the underlying ETFs/indices/stocks' volatility. It's not free money and there is no free lunch in financial markets.

---------------------------

You can buy domestic onshore ETFs listed on NYSE Arca or offshore UCITS. Either one is fine. Onshore ETFs enjoy local regulatory protections and are usually more liquid than their offshore counterparts. However, there is usually dividend withholding tax (30% for US) which most people hate and hence they go offshore.

One important risk with offshore UCITS is that you are subject to European laws and in particular, Irish law. Ireland is a famous tax haven. The US-Ireland double-taxation agreement currently allows you to save 15% dividend withholding tax on US stocks/ETFs while offering the "accumulating" share class for long-term investors. That said, as long as you understand you are bound by European laws, that's good enough for a start.