If it is really MAS rules and not broker specific, I don't know what are they playing at. Is like they are trying to make normal Singaporeans unable to invest overseas and "force them to invest local or use local brokerage". Just speculation.

You can consider tastytrade too. IBKR only charges you. USD0.35/transaction and USD2.00 per currency conversion.

If you wire USD no fees la. Cause your bank already makan the spread at least easily lose 2% to the banks.

IBKR won't cause trouble cause it's their rice bowl (international clients). What will cause trouble is maybe Malaysian govt will try to be like China.

Alternative to ibkr is tastytrade or firsttrade.

You need to change your trading permission and goals. It must have include speculation and must put few years of trading options even if you don't have years or else you won't get approval.

For interactive broker there are trading permission you need to apply.

This post has been edited by Ramjade: Sep 27 2023, 04:48 PM

Now new news. CS got no license to operate in Singapore for retail investor. Only AI license. Since no license and since they bought TDA, means TDA now also does not have license to operate for retail investor in Singapore.

I stand by what I said. No brokerage can beat IB. No tax on bonds.
I don't have any experience with other brokerage except Maybank ke, DBS Vickers, FSM, moomoo, tiger. In terms of cost and market access IB still win.

This post has been edited by Ramjade: Sep 27 2023, 07:07 PM

Bro AI thing is only sg govt rule. It affect brokerage in Singapore. As long as your brokerage is under MAS (LLC and not .com.sg) you won't be subjected to MAS rules on AI.

That's why I don't know what is MAS trying to do with TDA. Is it TDA fault or is it MAS fault. No one knows.

For me, my IB is under UK govt jurisdiction and I am happy with it. It's not open via .com.sg

Also I don't think unlike Malaysia and Singapore where you need to have priority banking firepower to buy bonds.

This post has been edited by Ramjade: Sep 27 2023, 07:31 PM

Got first trade. Got tastytrade.

If rules change, I change my Ibkr to US version. I malas want to change to US version currently. Don't fix it if it's not broken.

If you want more safety against tax, maybe can consider interactive brokers Ireland.

This post has been edited by Ramjade: Sep 27 2023, 07:45 PM

No way MYR can appreciate vs USD. Don't hope.

abcn1n
Nah for you to hear on Costco.
https://www.acquired.fm/episodes/costco
3h podcast on Costco.

Enough for Santa rally.

Avoid BCA. Buy JP Morgan or TD or RBY. Better banks than Bank of America.

Royal Bank of Canada.

I won't even touch high yield stock. I focus on low yield, high dividend growth stock.

What makes you think interest rate at 5% won't break something? Also they may pivot by holding rates at higher for longer as inflation looks sticky.

Depends on what you choose la. Railroad, visa/mastercard, Costco, Microsoft extremely stable.

This post has been edited by Ramjade: Jan 29 2024, 07:34 AM

Taking profit is trader mentality. If you invest for long term, don't bother with taking profit. I already have few bagger in US market. Not going to take profit. Let it run. Water your flowers. Don't pull out your flowers.

If you itchy hand, once reach 100% profit take it and let the remaining run.

This post has been edited by Ramjade: Jan 29 2024, 12:16 PM

It's nothing. BAU.

Got. It's call QQQ or QQQM
Depends on what you want. If you want and willing to do options to recoup back your 30% dividend tax SPY.

If you don't want to recoup your dividend tax and willing to pay 15% dividend tax then VUSD or CSPX. QQQ equivalent based in Ireland. You need to research yourself what is Ireland version of QQQ

This post has been edited by Ramjade: Jul 30 2024, 11:03 AM

50% unlikely. Maybe 20% max.

Follow the rules.
1. Do options on stocks you want to hold.
2. Be conservative. Do not be greedy. It better to pick pennies than dollars. Pennies will become a dollar with time. You can continue picking pennies long into the future Vs picking a dollar up one time.
3. Hodl quality companies. Eg of qualities stock can be seen via Adam khoo and Mr Fired Up Wealth. Don't do on rubbish stocks. This is guard yourself as if you are somehow stuck, no issue. Quality will always recover.

Btw Hansel, both of them have track record of beating the S&P500 for few years already. So you know they are real stuff.

4. It's not always win but make statistics your friend.
5. If you know how to use greeks, use them.

These are what I do. Very easy to replicate.

If uncomfortable with individual shares , go SPY, QQQ etf. Same concept. Don't be greedy.

This post has been edited by Ramjade: Apr 20 2025, 08:46 AM

I am not there yet but kinda of true the above statement and what dwRK said. From ITM, it swing to OTM hence expired worthless

To do the bolded part, need to study more or pay an ex investment banker USD3k to learn from him. Yes it can be done. Making money regardless market up or down. Even if it swing like 20% up and down. No issue. But like I said, I am not there yet and I won't be there as I am not going to pay that banker and I am happy with what I got.

This post has been edited by Ramjade: Apr 20 2025, 08:44 AM