rjb123, thanks for the good work. i suggest you include the topic on how to fund/withdraw from the trading account as i believe most of us are not aware of...
All about ETFs / Foreign Brokers, Exchange traded funds
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 Nov 2 2014, 07:46 PM
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2,429 posts Joined: Jul 2007 
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Dec 29 2016, 11:06 PM
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Been reading all 19 pages on ETF, funding etc...what an eye opener.
Been reading up on DriveWealth broker as well. seems like a relatively new fintech company that is a member of FINRA and SIPC, so i guess it's legal. From the practice account, there are pros and cons: Pros: 1. multiple funding options: TT only incur the cost at the bank and no charges from their side, funding using credit card etc 2. commission USD2.99/trade 3. can buy a fraction of share 4. min deposit USD50-60 (including misc fees) 5. web site seems very simple and graphical, probably good for beginners Cons: 1. only limited stocks available to trade 2. less common compare to big boys. can last long term? 3. no GTD functionality. So order last for 1 trading day only 4. withdrawal USD45 each time 5. security concern? Cant seem to find much info about this broker but seems to attract retail customers (claim to have >100k retail customers). Worth the risk? This post has been edited by jutamind: Dec 29 2016, 11:09 PM |
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Dec 30 2016, 11:41 PM
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#3
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Sorry for international TT, it's USD35 per withdrawal. I guess something has to give as the commission is pretty low
QUOTE(MNet @ Dec 30 2016, 10:13 PM) USD 45 per withdrawal? That is sucks  |
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Jan 1 2017, 09:05 PM
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anyone tried to wire transfer $ to HK bank accounts such as HSBC/Stanchart from Maybank? What are the wire charges involved?
This post has been edited by jutamind: Jan 2 2017, 03:55 PM |
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Mar 4 2017, 07:51 PM
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What does it take to open SCB SG trading account?
QUOTE(Ramjade @ Mar 4 2017, 06:53 PM) rjb123, I just realised SCB SG is cheap to buy and hold ETF. Only USD10/0.20% trade. No monthly free/custodian fee. Much better than IB. |
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Sep 20 2020, 07:27 PM
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Is there any web site that can alert us if an ETF that we're monitoring has dropped/gone up certain %?
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Dec 10 2020, 12:40 PM
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#7
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I think MoneyMatch won't allow the transfer if you tell them the transfer is for investment. I have 1 transaction rejected previously for to this reason
QUOTE(Ramjade @ Dec 4 2020, 10:32 AM) Actually wrong. That's the worse way. It should be CIMB my > instarem/money match/Bigpay/TransferWise/Sunway money > fast saver |
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Jul 13 2021, 11:55 PM
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Any recommended accumulating USD global REIT ETF that's listed in EU/UK that can be bought in IBKR?
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Jun 18 2023, 12:11 AM
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Anyone taking profit of your ETFs with the run up of stock markets in the last few months?
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Dec 24 2023, 01:09 PM
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is there any US/LSE ETF that covers semiconductor and internet ETF into a single ETF?
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Dec 24 2023, 07:36 PM
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I know there are many ETFs for semicon OR internet individually but is there any ETF that combine both semicon AND internet sectors into a single ETF?
QUOTE(Ramjade @ Dec 24 2023, 02:43 PM) |
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Dec 24 2023, 07:43 PM
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#12
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Nothing is guaranteed. Long term wise, I think the trend of the future is digitalization, IoT, AI etc which gels well with semicon and internet theme QUOTE(Natsukashii @ Dec 24 2023, 07:39 PM) Just asking.. Semicon performed well this year, do you think it will continue in the long term? Natsukashii liked this post
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Apr 13 2024, 07:04 PM
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anyone invested in healthcare related ETFs such as XLV?
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May 7 2024, 11:00 AM
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I'm contemplating to invest in either VT (using FSMOne RSP) or ISAC (using Stashaway Flexible portfolio).
I know SA has a 0.2% fee but VT comes with 30% dividend tax as well. Which is a better option cost wise? PS: Not considering IBKR. Thanks. |
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Jul 24 2024, 06:23 PM
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What is the recommended ETF for a young adult to start with monthly investing with small amount like 100-200 a month?
Currently looking at VOO via FSMOne or ISAC via SA. Not looking at Moomoo MY or IBKR at the moment as available investment amount is too small to justify the brokerage cost. |
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Jul 24 2024, 08:13 PM
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Oh ya, forgot about this stamp duty.
QUOTE(Medufsaid @ Jul 24 2024, 06:28 PM) jutamind stashaway. FSM fees is RM1 + RM1 Malaysian stamp duty. That's already 1%-2% of your RM100-200 Wah, to save until 10k, then it's going to take years before can start investing. Probably will start with SA for regular small time investment until the savings grow big enough to do periodic lump sum in IBKR.QUOTE(Ramjade @ Jul 24 2024, 07:31 PM) Collect until RM10k then transfer it. Don't bother with FSM. So is VOO a better choice to start investing or ISAC or other better ETFs?This post has been edited by jutamind: Jul 24 2024, 08:15 PM |
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Jul 25 2024, 07:59 PM
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I think if you buy from MY broker or robo advisor, then I think there should be no estate tax as the shares are held under nominee. If you buy direct using IBKR, then I guess estate tax might kick in. Just my guesses anyway
QUOTE(batman1172 @ Jul 25 2024, 01:29 PM) VOO no good. Your estate kena 40% tax then you know. ISAC better vs VOO tax wise on wht and estate. |
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Oct 14 2024, 07:07 PM
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#18
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just a follow up on this topic for young adult beginning their investing journey with very small capital (100-200 per month).
My kid has started investing in ISAC ETF using SA for the past 2 months. Is there any other recommended ETFs that can complement ISAC, though i know ISAC is already covering developed and emerging markets. Would adding IVV/VOO or QQQ adds value into the portfolio? QUOTE(jutamind @ Jul 24 2024, 06:23 PM) What is the recommended ETF for a young adult to start with monthly investing with small amount like 100-200 a month? Currently looking at VOO via FSMOne or ISAC via SA. Not looking at Moomoo MY or IBKR at the moment as available investment amount is too small to justify the brokerage cost. |
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Oct 14 2024, 08:14 PM
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Sure, totally understand on your explanation and I fully agree with you. That's why the dilemma whether I should just stick with global ETF. The "complement" that I'm looking at is more for seeking performance alpha rather than purely for diversification purpose only QUOTE(TOS @ Oct 14 2024, 07:24 PM) Think about why you buy ISAC in the first place. Owning ISAC basically means exposure to MSCI ACWI Index, which includes developed countries and developing countries, and the index is already heavily tilting towards the US markets. If you add VOO/QQQ, you are adding even more US exposure into it. Is that necessary? Is that what you/your kid wants? ------------------------------------------------------- You also need to think of the meaning of "complementing". You already got developed + developing countries. Perhaps you can "complement" by adding frontier markets? Or perhaps other asset classes like bonds and bills (or even commodities). Think about what sort of values do adding these have in your portfolio. If they don't add any value, then just stick to a pure global equity index ETF will do the job. Finance should be simple, not complicated - a good lesson for your kid to learn since young before he starts to be bombarded by structured products by his bankers when he grows up... TOS liked this post
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