hmmm , so investing in MY mutual fund is better for now cuz we might not know what the future lies

what are the miscellaneous fees in addition to paying the 2%commission?

First U said i've "not incorporate the spread" when i stated ETFs does have fees/costs charged

Then when i clarified YES or NO, U stated the second response.

Should have known better with such a nick.

Hope you can get your wish to access USA market. It is different because many times larger than rest of world combined and more transparent, strictly regulated.

One good read (listen) is http://paulmerriman.com/podcasts/ who specializes in Vanguard. A lot of what he says applies to all markets.

Wondering if two-way exchange conversion means no profit unless you reach the 10% level?

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This post has been edited by lukenn: May 24 2025, 01:11 AM

ermm...depends on wat type of index u meant. d main game plan for index play is , to diversified. lower risk n definitely lower return.

n buyin US mutual index funds, sometimes hav disvantage on us , d exchange rate, fees involve, problem rise when u wan claim devidend etc. jus work around wit wat u got in malaysia. there r few index funds / mutual funds dat tap into other asian / other country stocks/shares

ya, in my ignore list now, with the other genius UT seller.

anyhow, i just wanted TS to be clear that there ARE management fees & other costs involved in index ETFs, just like index mutual funds, even though it may not be apparent.

I am not bothered if you are going to response to my comments either.
I am just correcting your mistakes hoping it does not lead new investors into believing something which is wrong.
Your claims are just like some so called 'market gurus' or some 'economists' who know where the market tops or bottoms are.

It has been pointed out that US index funds beat most of the actively managed funds.
However, in the following article, the author warns:
http://www.kiplinger.com/article/investing...-opportuni.html

If what the author says is correct, then we can explain why US index funds outperform majority of the actively managed funds with the diagram attached.

Now, the question:
Why do many Malaysia mutual funds beat their benchmarks?

That is probably because not many investors buy Malaysian ETFs, thereby not able to push up the prices of the component stocks. (see post #13)

Of course, ignorant Westerners would think that internet access in emerging markets is very limited, and that information is disseminated much more slowly. As a result, Efficient Market Hypothesis doesn't hold true here as in developed markets

This post has been edited by river.sand: Sep 25 2016, 09:38 PM


Attached thumbnail(s)

Self fulfilling prophecy.

This post has been edited by troller2: Sep 25 2016, 10:25 PM

i'm confused. so you opened an account with TDameritrade asia but was able to transfer to tdameritrade US? how does that work?

1. My account was opened with TDAA (TDAmeritrade Asia), now TDASG, is a nominee brokerage account

2. TDASG is "held" by TD Ameritrade (TDA) https://www.tdameritrade.com/home.page
and
TDA's bank account with Wells Fargo Bank is under TD Ameritrade Clearing Inc.

3. Thus, when i transfer from my MY bank, i transfer to
a. Wells Fargo bank
b. into TD Ameritrade Clearing Inc account with Wells Fargo
c. specifying the Beneficiary as me with my account number with TDASG

Awesome thanks. How much does the custodian/correspondent bank charge you for TT clearing? I know maybank charges RM10 for TT but when i transfer to the US, their bank over there also charges a fee even though the brokerage themselves do not charge a fee. I hope this is clear. Thanks.

Clearing charges by receiving bank = USD20 per transaction.
Comparatively painful for miserable MYR to USD transfer

FYI - previously, with OptionsXpress, i was being charged USD25 per transaction.

IKR, i just sent some to vanguard and the clearing charged me USD23. i was hoping that TD asia will receive funds in SGD but unfortunately not. TT fees to singapore would likely have been cheaper than to the US.

btw, any idea if we need to file the 1099 as well if we already declared non resident alien with w8ben?

er.. IF U have an SG account, TDASG does accept SG payments (from what i read from my trading group la)

Dunno about U, personally, with my W8BEN done (updated yearly or +), i've not been required to file any other stuff for being A Non-resident Alien. Note, i've no whatnottaxnumber and stuff too (ie. i've not worked in US, have to USwhatevernumber, etc.).

Hi Mun Keong,

I do not have any experience in TT to oversea. Can I do it online instead say using Maybank? I have went through all the doc submission left funding only ... appreciate you can advice newbie like me.

Thanks Thanks.

pls note post# 58....i think he/she is seeking your advise....

hhehe - thanks to MUM highlighting/poking me, else it wont appear in my "NOTICE"

MyGarage88,:
1. Yup, i've done TT to US for OptionsXpress & TD Ameritrade (and TD Ameritrade SG/Asia when they offloaded all Asian customers to SG).

2. Yes, can do via Maybank online but miserable sums only MYR30K now i think
CIMB used to enable MYR50K online but now, i think due to BNM's pressure / ticking off, also MYR30K

Note - U may need very specific information on the FOREIGN TT like SWIFT Code, Beneficiary Account No. / International Bank A/C No. (IBAN), Routing No, ABA transit routing, etc.

Your overseas broker may be able to give U a sample PDF or data to use - depending on which online bank U are using to transfer.
Different banks' system, slightly different layout & terminologies - eg. for CIMB, i needed to plonk in the SWIFT & ABA in some weird field that did not say SWIFT or ABA.