Just want to ask how do you fund your ASX? An Australian bank account and Australian broker?

Actually I am planning to live in NZ. Australia is too crowded and the people are more racist compare to NZ

But I don't mind diversifying into ASX. BTW, I just finished my uni. No income yet. Even if got income, I can't buy property in AU (too expensive)

This post has been edited by Ramjade: Jan 13 2017, 12:50 PM

Moving to AU = buying a property for future stay. Takkan want to rent.

If you read Gen-X''s blog, he said you are lucky if you can even get 1% return. Most people get (-) returns as they have lots of fees.

So how does ASX tax affects us Malaysians? Any idea? Hansel now that DBS is charging for MCA, how do you buy your ASX?

Will try to open Stanchart this trip with their online trading. Can save a few cost SGD18 > SGD10. SGD8/transaction. There a Stanchart at MBFC too but different tower

If like that, better I go the US way with only 15% with holding tax if bought via LSE. Or the HK way where it's tax free. Anyone please correct me if I am wrong.

Did you invest directly in NYSE/Nasdaq? The tax is on the dividends.

London stock exchange

Hansel, few questions
1) Do you still deposit foreign currency notes with DBS?
2) Doesn't the SGD2/month/counter bother you? (since the shares are held with DBS custodian)

Care to share your workaround for the 2 questions?

This post has been edited by Ramjade: Feb 16 2017, 07:27 PM

Actually I want to learn this for manulife US,
How you use USD notes to buy manulife US when all banks in SG charge 1-1.5% for deposit of foreign notes. I cannot find any method around this. My next trip is coming up.

I am sticking with SGX for the time being. For ASX part I already got a plan. MIght take 3 years time.

Hell even SGD also drop to 3.155. Could be Saudi King effect

This post has been edited by Ramjade: Mar 3 2017, 03:55 PM

Hansel, Just our of curiosity, why go for ASX when AU charge 30% with holding tax vs go straight into US. Both also charge 30% with holding tax what.

One can get better results from US than AU after considering 30% tax
http://8percentpa.blogspot.sg/2017/03/2017...ngapore+stocks)

Also, not forgetting, USD is "pegged" so we will get more USD even if the real value of USD is 1USD =RM5 I don't see AU companies on the list.

Would like to hear your opinion

This post has been edited by Ramjade: Mar 14 2017, 10:42 PM

All Australian bank let you open account. On condition
(i) tourist visa (arrival date must be less than 14 days)
(ii) must be in person. No shortcut like maybank sg
(iiii) working or studying there

Not as rigid as SG and HK

Wrong. In AU, you can open account as a tourist as long as you meet condition (i) and (ii).

Condition (iii) is applicable for all countries

Where did I get this source? A blog posting in 2016 with proof. But then again don't know if we are the exempted lot because of "malaysian passport" or not. Everyone hates our passport.

This post has been edited by Ramjade: Mar 27 2017, 11:51 AM

You can open as tourist. Part (iii) applies for everyone at every where of the earth.

Don't know. Open account first before they close doors. No harm open account first. Right now AUD is more expensive vs SGD (if use RM)

Later decide as kind of broke (no more money after converting to SGD) When AUD weaken (they are too dependant on china), and it will, will look at next course of action.

I have limited ammo you know (as an ex-student)

Don't know leh. But I feel better with a AU account as money is not "held hostage" by singapore banks...

Not yet fly. I have enough ammo for one final round of change. AUD/SGD. After that I am completely broke. After all flying down to AU is a one time thing.

Then again, most people trade in US/HK without opening bank account in that country.

If opening account, I rather AU then HK as HK is like SG. Hard to open. AU is easy (from what I read).
If investment wise, I would like HK over AU as no with holding tax and according to bloomberg or something, HK markets are markets which give one of the highest return. HK broker easy to open.

Decisions... Decisions...

This post has been edited by Ramjade: Mar 29 2017, 11:13 PM