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 All about ETFs / Foreign Brokers, Exchange traded funds

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Ramjade
post Oct 28 2016, 11:39 PM

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QUOTE(wongmunkeong @ Oct 28 2016, 11:24 PM)
in English, again...
US exchanges minimum stock buy/sell = 1 unit of stock
One
Satu

Min cost = 1 * the price U bid for the ETF lor

how much simpler to translate 1 unit of stock = minimum ar?
no such kaka as top up lar dei - buy or sell, minimum = 1 unit of stock
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Wow I thought it's like FSM where we will need min RM1k to buy. From what I understand TD Ameritrade Asia have lesser commision free ETF compare to their US counter parts.

What's your opinion about optionsXpress as a broker. It's quite popular among Singaporeans.
Ramjade
post Oct 29 2016, 12:03 AM

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QUOTE(wongmunkeong @ Oct 28 2016, 10:48 AM)
er.. from your link shared
"... IB does not withhold taxes on proceeds from security sales. We are required by US tax law, for example, to withhold US taxes on dividends paid by US corporations to foreign persons at a rate of 30%.."

IF U are a Malaysian:
I'm just pointing out the normal withholding tax of 30% on DIVIDENDS.
just be careful bro - if you filled the "Form W-8BEN" for IB (in reality for IRS) "wrongly", U may get a surprise.

+ i don't think it has relations to "..I guess I just have to undeclare any profits or never withdrawal from my IB".

be safe - everything is getting more automated/electronics/data driven these days, thus much much easier to filter & zoom in by big brother.
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What surprised is that? Please share. notworthy.gif
Ramjade
post Oct 29 2016, 09:48 AM

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QUOTE(rjb123 @ Oct 29 2016, 09:41 AM)
Last time I checked I didn't see any commission free ETFs at all in TDAM Asia, I'll check again next time I log in.

But yeah you can just buy 1 stock / ETF. The commission free ETFs Maden TDAM great for buy and hold!

Again for longer term stuff (which is all I have at the moment) I've gone with the Ireland domiciled equivalents which aren't traded on the USA exchanges (avoids half of the 30% Witholding tax on dividends!)
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Care to share the link of that Ireland broker?
Also, does it have more or less the same selection as TDAM or better?
Ramjade
post Oct 29 2016, 01:50 PM

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QUOTE(rjb123 @ Oct 29 2016, 01:26 PM)
I meant Ireland domiciled ETFs, I trade them though Interactive Brokers - not a broker in Ireland. They're traded on different exchanges ( i.e. LSE) which Interactive Brokers has, but TDAM / Asia doesn't.
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To maximise profit and for holding long term say at least 5 years, do you recommend US based/Ireland based ETF?

Also what's your opinion about optionsXpress as a broker. It's quite popular among Singaporeans vs TD Ameritrade Asia in terms of cost savings.

Also, you mentioned
QUOTE
I think 500-1000 USD probably isn't worth it to be honest

You need to consider the fees for depositing funds etc too - if you were to deposit $10,000 or $500 your TT charges will be about the same, eating up either 0.5% or 10%!

So if I am buying ETF for long term holding, I need >USD10k for it to be worth it?

QUOTE(wongmunkeong @ Oct 29 2016, 12:36 AM)
eh - Uni student. U really need me to "draw out colon" (literal Cantonese translation) ar?
poh poh.. ardi su te..
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Er, cannot understand cantonese.

This post has been edited by Ramjade: Oct 29 2016, 02:11 PM
Ramjade
post Nov 10 2016, 05:06 PM

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QUOTE(wongmunkeong @ Nov 10 2016, 03:49 PM)
Compared to the response from OX (OptionsXpress) SG - it was incredibly much clearer + more "action-able".

OX just responded that they aren't tax blah blah and to consult my own tax expert blah blah
alo - in Malaysia la, i did check lar - and unless my pockets are real deep...
BTW - i did poke US' IRS too via email heheh - same kaka, they asked me to contact on of the listed tax accredited advisers blah blah..

if i had millions of USD in US ok lar tapi... more than $60K, less than worthwhile to do the above.. 
the feeling of being between a rock & a hard place / devil & deep blue sea cry.gif

AND have to worry about it coz my sis & my investments - if i solo, ok lar my own problem... but my sis piggy back on my trades & investments..
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Maybe Hansel can help you.
Ramjade
post Nov 10 2016, 10:40 PM

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QUOTE(rjb123 @ Oct 29 2016, 09:45 AM)
I think 500-1000 USD probably isn't worth it to be honest

You need to consider the fees for depositing funds etc too - if you were to deposit $10,000 or $500 your TT charges will be about the same, eating up either 0.5% or 10%!
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So if I am buying ETF for long term holding, I need >USD10k for it to be worth it?
Ramjade
post Nov 10 2016, 11:59 PM

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QUOTE(wongmunkeong @ Nov 10 2016, 11:57 PM)
simple concept:
1. TT charges to US brokerages is about USD20 per transaction

2. Thus, if U transfer USD500 that's 20/500 = 4% just for TT charges by US brokerage firm (excluding cost of MY bank doing TT)
VS USD5000 = 20/5000 = 0.4%
This is only the FUNDING part, excludes commissions & fees when buying/selling

3. Thus, who said doing ETFs for long term holding need >USD10K ar?
Jumping through a lot of conclusions?
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USD10k is just a thought. I don't know how much is the min to make it worth it.
Ramjade
post Nov 11 2016, 05:47 AM

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QUOTE(rjb123 @ Nov 11 2016, 02:50 AM)
You can come up with a plan - how much you plan to invest, how often you plan to deposit

Then spend an hour and work out 2-3 or whatever different scenarios to see what the difference is. Foreign brokers have higher minimums and more expenses for transferring funds - but much cheaper trading charges, less spread on foreign exchange, and the ETFs tend to have much lower annual fees than your UT equivalents.
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I am not looking for cheao trading charges. I am looking at long term of buy and hold (>10 years)

QUOTE(rjb123 @ Nov 11 2016, 02:47 AM)
Normally even more than $20 when you take into the account the charge at the receiving side too!

I don't think any amount is too small to start - but the numbers don't make sense if you're only funding with $500 or so each time due to the charges. With brokers like IB once you have the account open you can also fund internationally, like local deposit from a Singapore account which doesn't cost anything.
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Looks like ETF is expensive for the average person like me. sad.gif About the 30% tax by US, does that mean for all dividend gain, I will be taxed 30% of that amount?

Also, you mentioned about Ireland domiciled ETFs. Are those ETFs invested in the US stocks but based in Ireland?

This post has been edited by Ramjade: Nov 11 2016, 06:14 AM
Ramjade
post Nov 13 2016, 05:19 AM

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I have been reading those last few pages (about 5-7). It looks like IB is the way to go. Regarding the min usd100k, does that take into account your total amount in the ETFs or just how much you have in your funding account?

Also, are those Ireland domicile ETF a mirror image of say Vanguard Total Stock Market or are those Ireland domicile ETF based on companies in Ireland only?
Ramjade
post Nov 13 2016, 09:20 AM

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QUOTE(MNet @ Nov 13 2016, 09:01 AM)
Its 10k usd not 100k
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I was refering to the min amount so that they will waive the inactivity fees.
Ramjade
post Nov 13 2016, 11:25 AM

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QUOTE(AVFAN @ Nov 13 2016, 10:37 AM)
for IB, min deposit/holdings is $100k if u want fee waiver.

if not, min is $10k; $10pm charge but waived if trading charges can cover.

there is no escape for tax on dividends on any stock or etf, whether IB or any borker - it is a US tax law on all.

us residents even have to pay capital gains tax.

if u wish to avoid the $10 pm, only want to hold long term, u can always buy with local brokers. save that, save TT charges but pay much higher brokerage fee every time u buy or sell.
IB is a good one to have overall, esp for trading and regular buy/sell.

it is secure, efficient and cheaper than most if not all.

the thing is i am quite sure it is difficult to open with them now.

not becos they don't accept but more like local banks will not want to approve yr TT for the startup.

some people here already reported banks not approving some months ago.

given events last fri, it will be even more so.

but will have to read of a new experience by someone if he post it here soon.
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Well I am planning to buy Ireland Domiciled ETF and just hold it. Not going to do that. (buy from local broker when you can save cost)

It's ok. Money will not be funded by RM but SGD as I am going to open one SG account next year. But for now ETF is still out of my reached as it's too expensive. Can't just cough up USD10k. but I have to act fast as Hansel said doors are closing.


QUOTE(langstrasse @ Nov 13 2016, 10:42 AM)
What would be the reason for local banks refusing TT's ? Is there a law against this ?
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Just wait few months. When condition recover, faster "exit" before capital control is imposed some more.

This post has been edited by Ramjade: Nov 13 2016, 11:27 AM
Ramjade
post Nov 13 2016, 05:14 PM

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QUOTE(prince_mk @ Nov 13 2016, 05:07 PM)
Boss

I wan to build my savings in us etf. That s y it s crucial to have a acc which muh cheaper in long term run.
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People invest in ETF because it's cheaper than UT in the long run.

However for those who have no money, ETFS are out of reach. sad.gif
Ramjade
post Nov 13 2016, 05:50 PM

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QUOTE(prince_mk @ Nov 13 2016, 05:29 PM)
Perhaps you switch some of your FD into here.

What say u ? I might let go some Asx.
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Already thinking. I think will remove half of it and park in SG. From there allocate small amount to SG UT. There are a few I am looking at.

Then maybe every month set aside 50% of my future salary for Singapore. First thing first, must get a Singapore account.

QUOTE(AVFAN @ Nov 13 2016, 05:33 PM)
Anyway, given last fri events, i would think its much harder now to tt money to foreign brokers for investment n stocks trading.

Will have to wait for the typhoon to blow over.
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Fully agree. Wait for capital control to be lifted. Can be few months. Btw. It's good to convert MYR > USD while the control is in place as we will be getting more USD right? If control is not in place, we will get less USD. What's says you?

QUOTE(prince_mk @ Nov 13 2016, 05:40 PM)
TD Ameritrade Asia - min usd3500

But i got to email enquiring on any monthly charges due to inactivity.

I wan to start small with something new. Cannot simply throw much.limited bullet and got typhoon blowing over now.

So, are u still stick to local brokerage ? Or u have started with TD Ameritrade Asia?
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I am looking at IB. Why? USD120 = RM540 is still cheap considering that Maybank 2 Cards Premier is still more expensive than that. Don't know. Plus funding from Singapore will bring down the cost significantly. Well we will see...
Ramjade
post Nov 13 2016, 06:32 PM

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QUOTE(prince_mk @ Nov 13 2016, 06:31 PM)
What would u suggest

I m new. Not sure which one is cheap.

What are u using now
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Based on this blog, I think IB is the cheapest.
http://www.dividendgrowthinvestor.com/2015...estors.html?m=1
Ramjade
post Nov 14 2016, 06:55 PM

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QUOTE(prince_mk @ Nov 14 2016, 06:52 PM)
noted boss.

currenly I m still browsing which brokerage acc to sign up.

IB is good but I don't trade US stocks / etf so regular due to lack of bullets. most of time I buy Sg reits.

Ramjade has suggested a website with comments.

I prefer a reliable one, an easy to cash out.

any suggestion ? OptionXpress ?
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Sifu wongmunkeong said no good. Don't know why. He didn't go into details.

Care to share again why OptionXpress is bad?

This post has been edited by Ramjade: Nov 14 2016, 06:58 PM
Ramjade
post Nov 15 2016, 06:07 PM

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QUOTE(prince_mk @ Nov 15 2016, 05:49 PM)
Just checked with TD Ameritrade Asia, inital amt is usd3500 but no need maintain this amt at all time.
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They don't have ireland based ETF which means you will kena the 30% tax.
Ramjade
post Nov 15 2016, 09:22 PM

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QUOTE(prince_mk @ Nov 15 2016, 09:14 PM)
its okay. I keep them as growth stocks.

what other option do I have ?
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Look for one which give you access to London Stock Exchange
Ramjade
post Nov 15 2016, 09:41 PM

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QUOTE(prince_mk @ Nov 15 2016, 09:24 PM)
Ramjade,

TD Ameritrade Asia doesn't not have access to LSE ?
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See this
https://the-international-investor.com/comp...ne-stockbrokers
https://the-international-investor.com/inte...ock-broker-list

From that list, the only choice you have are TD Direct Investing (Luxembourg), IB, Saxo, Not sure if the US stock based broker accept foreign customer or not. Also not sure if this TD Direct Investing (Luxembourg) will let you open or they will force you to open a Asia account.

Those with international account = no need to convert SGD is IB and TD Direct Investing (Luxembourg)

This post has been edited by Ramjade: Nov 15 2016, 09:42 PM
Ramjade
post Nov 15 2016, 10:00 PM

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QUOTE(prince_mk @ Nov 15 2016, 09:56 PM)
boss,

what brokerage are u using ?
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He already mentioned few pages back, TD Ameritrade for the tools, IB for the funds.
Ramjade
post Nov 15 2016, 10:45 PM

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QUOTE(prince_mk @ Nov 15 2016, 10:42 PM)
Any recommendation for commission free ETFs platform ?
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The asian version apparently was stripped down compare to the US version. Not sure about the Luxembourg version.
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