Everyone pay tax even overseas. Only difference is local charges you more in fees such as dividend fee, expensive comission, markup exchange rate, quarterly fees, TT fees. You can see them as a form of secondary tax by your Malaysian broker on top of the first tax by US govt.

There's only dividend tax by US govt. We don't have capital gain tax in Malaysia. Unless you are a trader full time then yes there might be some Income tax.
Dividend tax was suppose to come this year but push back to 2025 if I am not wrong.

This post has been edited by Ramjade: Dec 9 2022, 02:49 PM

I think market too optimistic.

Think long term. Don't look at short term Forex movent.

Don't look at the upside. Look at the downside. Can you stomach if the stock swing the same amount the other way?

This post has been edited by Ramjade: Jan 29 2023, 11:25 AM

The trick is buy when it's down. Majority of people scared to buy when it's down. If you want to ride the wave up. You need to buy when it's down. If it's down more, and if the drop is significant like 10%, just buy more. If it's like 1-2% drop, don't bother.

I long time never shop at shitpee already. Due to their insincere free shipping. What the hell give give free shopping and still need to pay for shipping? Better I use Lazada where free shipping = really free shipping.

When bank CEO tell you that everything is fine is usually not fine.

Govt bailout again. At this rate all banks just default and govt always there to bail them out.

https://www.cnbc.com/2023/03/12/regulators-...b-collapse.html

It's basically bailout/psudobailout. Cause even those above FDIC 250k can still get their money.

This post has been edited by Ramjade: Mar 13 2023, 12:23 PM

One simple question why are you not buying when it's down and why do you want to buy now when it's on the way up?

Only you can answer the question. I was buying on the way down and now I enjoy the ride up and continue collecting cash on the sidelines.

Why are you looking at charts? Don't look at charts unless you are trader. If you are investor look at fundamentals. If you dont know or don't want to look at charts look at fundamentals, just buy S&P500. For me very easy. When things are red, buy When things are all green, I ignore the market.

All my wealth have always been make in red market. You name it. Microsoft, amd, Tesla, abnb, BlackRock, visa , unp, Adobe, Google, crowdstrike all bought when market is red. The redder it is the happier I am as I get to scoop stocks on discount.

This post has been edited by Ramjade: Aug 12 2023, 12:41 PM

Wait for moomoo to open doors in Malaysia. It was in the news that they are coming to Malaysia.

Just use put your money into MMF tax free. You can choose Fullerton USD cash A account or CSOP USD money market fund.
Choose either Tiger or moomoo to park your money.

Wall street didn't expect fed to hold rates for longer. They thought rate cut coming.

For those with TD Singapore
27 October 2023
Beginning 27 October 2023, all remaining non-Accredited Investor accounts will be charged a monthly account maintenance fee of USD $50. Accounts with cash balances less than USD $50 will only be charged an amount to reduce their cash balance to $0 (zero). 

Current Retail Clients - Take Action

Starting in December 2023, TD Ameritrade Singapore will focus on Accredited Investors only—discontinuing services to non-Accredited Investors. We are grateful for the opportunity to have served your investing needs over the years.
If you do not wish to become an Accredited Investor or if you do not meet the requirements, you’ll need to act immediately to avoid any account impacts, such as fees and restrictions. 

You should have received an email from TDA Singapore this morning.

Otherwise, visit more information at: https://www.tdameritrade.com.sg/retail-clients.html

This post has been edited by Ramjade: Sep 26 2023, 10:07 AM

VIP club. If you are not VIP, that want you out unless you want to pay fees.

This post has been edited by Ramjade: Sep 26 2023, 10:51 AM

Just use interactive broker. Yes can transfer. I think called ACAT transfer. Takes time though.

You can pick. Ibkr, tastytrade. Tastytrsde can't find using sg bank account.

Based off some Singaporean guy. Not sure if it's true. Another rumour I heard is Charles Schwab got no license to operate in Singapore.
"Just called and spoke to one of the customer service officers.

He mentioned this accredited investor requirement is imposed on them by MAS and they are unable to transfer our account to TD Ameritrade US as it's not allowed by MAS.

He also mentioned that they will be one of the first few to inform us and other US brokerages will be restricted by this MAS regulation as well 😢"

First trade under US jurisdiction. Won't be affected if it's MAS directive.

This post has been edited by Ramjade: Sep 26 2023, 08:12 PM