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lee82gx
post Dec 12 2020, 10:30 AM

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QUOTE(Ramjade @ Dec 11 2020, 11:46 AM)
Traditional index. Not arkk and certainly not cxse.
Traditional index contain all the junks inside. AIrplanes, banks, ford, oil companies.

Ark have everything I like inside and non of the junks. Same with
You want a min 20%p.a
With growth you need to sell.
So traditional etf won't cut it.
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Hi, many thanks for the various points you bring.

Are you saying with even funds like cxse and ark, you are actively selling at what you think are highs and buying at what you think are lows?

How do you determine both, can you share if your are so kind?

lee82gx
post Dec 12 2020, 11:14 AM

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QUOTE(Ramjade @ Dec 12 2020, 10:36 AM)
Just DCA into them every month. That's how index investing works. DCA.
Good thing about arrk and cxse none of the junk inside.
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So in particular, the statement about "with growth you need to sell" you do mean individual stocks right?
lee82gx
post Dec 12 2020, 01:05 PM

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QUOTE(Ramjade @ Dec 12 2020, 12:53 PM)
Growth and index investing require you to sell to get your money back. You don't need to do that for Dividend investing.
Selling part for Dividend investing is just bonus. Cause you are still getting paid just to hold the stock.
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I think I get it now. You mean eventually to profit / realise the gains, I'd have to still sell it someday. Whereas for the dividend funds / stocks etc i should gear myself up for the frequent receiving of dividends and set up for it accordingly.
lee82gx
post Dec 13 2020, 04:54 PM

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Is there any downside to transfer Rm1k a month to Tradestation global vs all in RM12k in 1 transaction?

I mean I know the currency fluctuation risks, but in terms of costs involved via Instarem or Sunway money, is there any hidden costs other than the few RM?

12k in malaysia right now can get me RM20 interest by end of the year tongue.gif lol. If possible I want to just use my salary / monthly income to fund, rather than dig some FD or existing instruments.

I just started, I have a brokerage / trading account in Etrade and want to use it to buy ETF.

This post has been edited by lee82gx: Dec 13 2020, 04:56 PM
lee82gx
post Dec 14 2020, 11:27 AM

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QUOTE(Ramjade @ Dec 13 2020, 05:36 PM)
Yes. If you use like Sunway money cost is I think fixed at RM1.00. But if you use like instarem, it's based on certain percentage. I have not test whether instarem cost is the same. This is because they are generally more expensive than other platform (I noticed it from last year)

Your choice. For me once I have minimum RM12k I convert and never look back.
You can consider using pseudo bond like stocks overseas to park money. One very good stock I use is parkway Life REIT. This is because IB does not give any good interest at all.
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QUOTE(polarzbearz @ Dec 13 2020, 10:02 PM)
I won't recommend rm1k/month DCA via TSG/IBKR into ARKK. Even if you're only making 1 trade per month the fees will still add up in the long run. Take for example:
IBKR-TSG
- every month RM1000 is allocated for overseas
- convert MYR into SGD via TransferWise (approx. ~0.6% transferwise or ~RM9 gone, based on google rates vs. actual amount received via transferwise),
- commissions to do spot-rate exchange within IBKR (2 usd per conversion or ~RM8 gone)
- trade commissions (approx 1.5USD per trade or ~RM6 gone)
= basically RM23 in fees per trade (approx 2.3% in fees)

Via TSG-IBKR you'll be paying (2.3% upfront "SC equivalent" + 0.75% annual mgmt fee), whereas from FSM you'll get (1.5% upfront SC + 1.85% annual mgmt fees).

You'll have to really do some maths and compare it upfront before making that decision to DCA via international brokers (unless of course if it has 0% commissions) - every amount will yield different result/savings. Take another scenario as an example:

Stashaway
- every month RM1000 is allocated for 30% Risk index fund
- convert MYR into USD (0.1% spot-exchange rate or ~RM1.5 gone. super rough calculations)
- buy into various ETF's with 0 commission
= basically RM1.5 in fees, maybe slightly more but yeah approx 0.1~0.2% per trade?

General rule of thumb - the higher the amount you transfer out (in a batch) of Malaysia, you'll achieve better results due to savings on fees/commissions. Hence why most opt to only transfer when they have more than rm5k (or even better, above rm10K-30K) to achieve economics of scale.
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Thanks both of you for replying and helping out.
I think I may yet do the lump sum transfer.

FYI, because I happen to already have an Etrade brokerage account (which I honestly neglected due to no bullet years ago).
ETF is commisions free
If I successfully transfer in via Instarem or Sunway Money (I have not yet successfully done so as of 14th Dec 2020, because both of my accounts are not yet fully approved and set up). Then it is still a Forex cost via their platforms.
perhaps it is less than 2.3% / RM1k.

So I guess I will take both your notes.

Edit - I just got my instarem approved. Now trying a RM200 transaction.

Edit - Just got the transaction arrived into my etrade. I transacted on Sunday 13th Dec 2020, now is Tuesday 15th Dec.

This post has been edited by lee82gx: Dec 15 2020, 05:39 PM
lee82gx
post Jan 6 2021, 10:57 PM

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any thoughts on ONLN as a proxy for AMZN?

The single unit of AMZN at 3000USD is kinda pricey and makes me sweat three buckets before pulling the trigger. Take into account my portfolio is only around 5k USD at the moment. I still want to buy ARKK, CXSE, AAPL as part of my DCA portfolio...

lee82gx
post Jan 7 2021, 07:27 AM

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QUOTE(Ramjade @ Jan 6 2021, 11:49 PM)

You can buy other stuff than amzn. Shopify, SEA, scottish mortgage trust

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thanks will take a look but I'm mostly interested in AMZN for their peripheral services, not so much just directly shopping. Of course the irony is the ETF ONLN is about online shopping.
Scottish mortgage trust is 1unit 1240GBP? Isnt that exceeding 1 unit of AMZN though unsure.gif

QUOTE(Yggdrasil @ Jan 6 2021, 11:53 PM)
QQQ has around 10% of Apple and 10% of Amazon.
You can combine that with other ETFs.
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This is could be an option.
lee82gx
post Jan 7 2021, 09:52 AM

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QUOTE(Ramjade @ Jan 7 2021, 08:48 AM)
No. UK market is priced in penny. So 1 unit is essentially GBP12.4
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Aah...its a shame, I can't buy LSE shares from via Etrade. I'm supposed to have a TD Ameritrade account in process, but its not yet open, who knows Jeff Bezo's already pass away by the time its open.
lee82gx
post Jan 13 2021, 11:30 PM

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any thoughts on KGRN?

Is it just due to NIO? I mean, I'm not even sure whether NIO is deserving of the gains or just another desperate search for the next TSLA?


lee82gx
post Jan 31 2021, 09:01 PM

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QUOTE(sherynchans @ Jan 31 2021, 03:52 PM)
You are definitely bullish with ark. I do like ark with their disruptive idea. Where can I track their performance vs indexes?
Thanks for your suggestion. I am still collecting bullet for this portfolio.
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If im not mistaken arkk does not track any benchmark by choice. But you can compare to tech benchmarks etc:

https://www.morningstar.com/etfs/arcx/arkk/performance



lee82gx
post Feb 24 2021, 08:19 AM

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QUOTE(rexus @ Feb 24 2021, 07:47 AM)
Anyone managed to get some last night?
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Yeah. But still red overall. My gains built up over late last year is now almost gone.
lee82gx
post Feb 24 2021, 10:20 AM

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QUOTE(rexus @ Feb 24 2021, 08:50 AM)
Same redness for me as well but didn't manage to get.

Hopefully more opportunities arise
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hang on, long game is still long time to go.

Even with small amount of cash, I was not sure which one to buy when all so red.
lee82gx
post Feb 27 2021, 12:09 PM

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QUOTE(EUPH0RIA @ Feb 27 2021, 10:49 AM)
anybody own more than one ARK ETFs?
im currently invested in ARKF. thinking to buy ARKK or the upcoming space ETF, ARKX next.
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I have arkk and arkw. In the red, but see above ramjade post.

At the same time, I am not bullish on space exploration. What can a normal human being profit from sending a few billionaires to space?

There, I said it. Cathy can bite me later.

 

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