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 USA Stock Discussion v8, Brexit: What happens now?

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Ramjade
post Jul 31 2020, 12:37 AM

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QUOTE(farid_cool @ Jul 30 2020, 06:35 PM)
How to know if USA stock is sharia compliance or not?

Thanks.
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You need to understand the business of the company. Then make your own interpretation.
There's no official way as white people don't care about shariah stuff. So they won't out there shariah compliance.

Even if it's shariah compliance will you still buy if it's doing business in Israel? Many US companies have business dealings with Israel. Something to think about.
Ramjade
post Aug 30 2020, 11:41 PM

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QUOTE(theberry @ Aug 30 2020, 10:44 PM)
i am using trading212 now because it support frictional option.
i am still finding other platform which got frictional purchase and no the monthly minimum 100k balance one + bank withdraw option laugh.gif
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The answer to your question is interactive broker.
Ramjade
post Aug 31 2020, 09:11 PM

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QUOTE(theberry @ Aug 31 2020, 08:35 AM)
waiting IBKR liteĀ  innocent.gif
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Good luck with waiting for IBKR lite. Unlikely to come. No incentive for them to do it. They need to do in US so that they don't lose marketshare to Rohinhood.

This post has been edited by Ramjade: Aug 31 2020, 09:14 PM
Ramjade
post Sep 3 2020, 09:11 PM

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QUOTE(tiptop007 @ Sep 3 2020, 08:28 PM)
what's the best/easiest way to buy US stocks from malaysia?
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These links below are about overseas brokerage.
https://forum.lowyat.net/topic/3396549
https://forum.lowyat.net/topic/4744515
https://forum.lowyat.net/topic/4843925
Ramjade
post Sep 3 2020, 09:29 PM

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QUOTE(yehlai @ Sep 3 2020, 09:22 PM)
Can use HLIB to buy?
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Can. You pay more in commission. You pay mark up exchange rates (banks mark up so they earned a profit from you)
You pay dividend fees. You pay platform fees.

If you willing to give hlb free money, by all means go ahead. The coms not cheap. Some goes up to USD20-50/transaction. The conversion of RM->USD already eat up like 2-3%.

This post has been edited by Ramjade: Sep 3 2020, 09:30 PM
Ramjade
post Sep 8 2020, 11:45 AM

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QUOTE(protectsj @ Sep 8 2020, 10:43 AM)
Hello guys~. would like to confirm something here, hopefully sifuss will help me up.
*im new and currently pending bursa CDS and CIMB broker account activation*

1. do you guys really buy round lot of NASDAQ/NYSE stock? (thats alot of money and i really wonder how people do it) or most of you buy odd lot of share?

2. any 1 using cgs cimb broker account? can the broker account trade NYSE/NASDAQ/KOREA/JP market with just a click?
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There's no lot lot stuff in US market. US market is based on number of shares. You can buy one share.
If your broker support fractional shares can use that feature.

Majority of us here don't use Malaysian based broker.
It's either Interactive broker or TD.

I will stay far away from Malaysian based brokerage. Reasons
1. Very expensive commission
2. Markup exchange rate.
3. Platform fees
4. Dividend fees.

Malaysian brokerage only good fit malaysian stock. If you use Malaysian brokerage, your cost easily 5%.

My recommendation
1. Interactive broker or whitelabels of it if you don't have USD 100k or cannot generate USD 10/month in trading commission.
2. Trading 212 - you need to figure out how to deposit and withdrawal money.
- support fractional shares
3. TD

More info
https://forum.lowyat.net/topic/4744515
https://forum.lowyat.net/topic/3396549
https://forum.lowyat.net/topic/4843925
Ramjade
post Sep 8 2020, 03:55 PM

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QUOTE(protectsj @ Sep 8 2020, 12:09 PM)
as my understanding the broker fee with itrade is around 0.388 ~0.4% (acceptable range for me) or am i missing something?
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Your call. I am only paying 0.12% or USD 1.50/transaction.
If you use pure IB, you pay only USD0.35/transaction.

You haven't factor in
1. Exchange rate when you exchange RM into USD via CIMB
2. Quarterly platform fees
3. Corp action fees.
Ramjade
post Sep 15 2020, 08:47 AM

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QUOTE(icemanfx @ Sep 13 2020, 08:08 PM)
It seems number of home loan delinquency is on the rise in the u.s, u.k, Australia, etc, and could cause after shock like 2008.
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It feels eerily similar to 2007. Govt drop interest causing house price to shoot up. Then when housing pop financial crisis starts.
Ramjade
post Sep 17 2020, 10:49 PM

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QUOTE(tadashi987 @ Sep 17 2020, 10:39 PM)
try to searched but still a bit blur

AFAIK RDS.B and BP plc both has no witholdings tax buying thru NYSE, so there are no differences purchasing from NYSE or LSE right? is there any hidden charge that I not aware of?

tagging on sifu which i think will know first tongue.gif

Ramjade
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No. But not sure if the one on US is ADR. If it is, I think there is a recurring fees.
Ramjade
post Sep 30 2020, 08:28 AM

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QUOTE(yehlai @ Sep 30 2020, 03:46 AM)
Hi guys, this is what HLIB charge for US share
is it alot higher than IBKR and TD Ameri?

Buy for mid to long term, not trader
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Of course it's expensive.
Pure IB only cost usd0.35/transaction for tiered pricing.
Hong Leong brokerage is at least usd24-40 if I am not wrong.
Not to mentioned markup exchange rate, quarterly platform fees, dividend fees.

I refuse to share my profit my brokerage. Less paying fees, more money inside the pocket to invest.

This post has been edited by Ramjade: Sep 30 2020, 08:29 AM
Ramjade
post Dec 16 2020, 09:23 PM

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QUOTE(kelvinlym @ Dec 16 2020, 07:23 PM)
user posted image

TD Ameritrade was added by our "beloved" SC in the Investor Alert List today. LOL.
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QUOTE(wongmunkeong @ Dec 16 2020, 08:36 PM)
https://www.sc.com.my/resources/media-relea...-as-at-16122020
funny as heck - TD Ameritrade, now part of Charles Swabs, is HUGE and serving several countries.
SC dunno aiming for what, listing them
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Cause Malaysia don't like foreign brokerage. Especially if it involve foreign currency.
Ramjade
post Aug 9 2021, 10:41 AM

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QUOTE(lfw @ Aug 8 2021, 06:55 AM)
dear all, do you use FSM MY or Tiger SG to trade/invest for US stocks? which one do you use and which one is better? kindly share your thoughts, thank you!

i am a newbie and intend to try out Tiger broker and not too sure is this a wise idea  hmm.gif
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QUOTE(thecurious @ Aug 8 2021, 08:01 AM)
Costs wise, Tiger is more feasible and cheaper. It has some nice sign up perks as well.
Seen the prices of FSM MY when it launched but the fees are kinda on the high range.
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Correction. Tiger is not cheap if you compare against interactive broker (exchange rate and commission). Now with abolishment of interactive broker USD10/month inactivity fees, it's even no brainer to use interactive broker. Open tiger or Moomoo for free real time price. That's all. Don't use them for buying, selling or storing your investment.
Ramjade
post Aug 15 2021, 02:09 PM

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QUOTE(danmooncake @ Aug 15 2021, 01:36 PM)
Well, have you try the options approach?

For my core stocks holdings, I just  to use options to sell the Covered Calls.
This way, I'm not giving up on the stocks itself but use the option premiums as extra income
and not just depending on capital gains.

Some of these growth stocks do not have dividends, so the covered calls will keep earnings coming as passive income.

If the underlying stock get called away, next just sell the PUT option the next cycle, hopefully, the next dip will
get down to the exercise price again and you'll get the underlying stock again.

Keep repeating...every week/month, the cost basis of the stock will get lower and lower. It works well for stocks with low volatility.

The only caveat here is you must have at least 100 shares of that stock and Options must be available for that security.
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Been doing that. Love it. But sometimes if get call away, price never dip anymore. So your puts strike price will continue to go up. sad.gif
Ramjade
post Aug 15 2021, 02:37 PM

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QUOTE(danmooncake @ Aug 15 2021, 02:33 PM)
Yes, that happens too but for stock that continues bullish movement, I also try the 'in-the-money' short PUT approach.
The risk is if it goes down at expiration, you could end up paying more at the higher strike price.

The thing is, I would never marry to one stock. There are plenty of securities out there with options play.
The only thing is finding one with the right price 'coz that how much I have to put up as collateral.

Also, earnings doesn't matter to me anymore with options.

Have to use Technical Analysis as the tool gauge future price movement within a range.
Time is my best friend here.  As it gets closer to expiration, I love to see the options premiums imploding.
That means I will likely get to keep the credits that I've collected. brows.gif
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You do weekly or monthly, or leaps?
Ramjade
post Aug 18 2021, 11:12 AM

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QUOTE(tadashi987 @ Aug 17 2021, 11:29 PM)
interesting! is there any other ETF which similar strategy? wondering what is the risk considering to normal ETF, lower or higher?
also wonder since this ETF distribute dividend from such strategy, is the dividend subjects to withholding tax?
is this an ETF that somehow resemble what ramjade you are practising?
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Don't bother. Buy your own s&p500 etf and do covered calls on it yourself. Cheaper and better yield.
Ramjade
post Aug 22 2021, 03:37 PM

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QUOTE(icemanfx @ Aug 18 2021, 11:43 PM)
On Michael Burry vs Cathie Wood, #retailers support could be the deciding factor. will #retailers/robinhood support mamma cathie aka money tree en masses.
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QUOTE(ozak @ Aug 20 2021, 10:48 AM)
Michael burry might we won't for this coming bet against Cathie. Looking at Fed .

Cathie ETF is risky as most of the investment is growth and overvalue future forecast earning stock. Growth stock will be stress longer.

Growth will be slow down. People start focusing on a more solid company with show real earning, profitable, low PE and oriental stock. Google, apple, amazon, Intel....  No more meme and speculative stock.
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QUOTE(zacknistelrooy @ Aug 20 2021, 05:05 PM)
He might have closed the position or late to it if he is just building it up.

Zillow is down 50% from peak
Honest Company also down 50% from peak
Penn National Gaming another down 50% from peak

Slew of other spec stocks all down 50% from peak

Hasn't been reflected in the indices except IWM and even then it is barely obvious.
If the FED really starts tapering then this trade has a chance.
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Good let it drop. Looking to pickup things on the cheap. Numbers don't lie. Especially with all the growth stocks triple beat. Something not all companies can do.
Ramjade
post Oct 5 2021, 12:40 AM

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QUOTE(tadashi987 @ Oct 4 2021, 10:33 PM)
no worry u have the sale tonight again  brows.gif
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Tonight good sales.
Ramjade
post Oct 5 2021, 02:52 PM

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QUOTE(xander83 @ Oct 5 2021, 02:20 PM)
Next week we shall see because it is now time browsing and shopping  rclxms.gif
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Give me more deals drool.gif
Ramjade
post Oct 6 2021, 09:31 AM

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QUOTE(danmooncake @ Oct 6 2021, 02:11 AM)
WTH... the bears just can't hold this down for another day?  doh.gif
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Hopefully it's bull trap.
Ramjade
post Oct 29 2021, 09:18 PM

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QUOTE
* Income tax is levied on residents of Malaysia on income derived from foreign sources and received in Malaysia from January 1, 2022

https://www.malaymail.com/amp/news/malaysia...earning/2016977
Does this apply to overseas job or investment? I read it as job but maybe I just want to read it that way. sad.gif

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