4.5 already

I won't bother with Swiss. Cause I always pro US. US companies are superior to Swiss except their banks. Never ever bet against the US economy. If you want to invest why settle for 2nd best when you can buy the best?

It's about making your money work most efficiently..By buying Swiss stocks, you are not maximising your money working efficiently. That's why I invest only in US companies.

There are dividend tax in Swiss and there are dividens tax in US. However there are no caoital gain tax in US for us. Hence use that. Pay less tax and keep the savings and invest in. How? Buy spy or qqq etf and sell covered calls on them. Generate 1% per month tax free money. That's what my friend in sg doing. It's the safest tax free way cause you are investing in etf. There's no timing market or choosing what to buy. Yea you calmed them back from Swiss govt but you need to file a tax file with them and do it every year. Do you want easy hassle free Vs you want to file tax return for small summit dividends?

But then again the choice is yours. It's your money. That's why I only invest in US and US listed Canada companies cause US listed Canada companies, their dividends are only tax at 15% Vs Swiss at 35%. I don't bother with dividend investing in US.

If you want to do dividend investing, stick with HK, SG, UK some part of Europe and Canada. Cause  some part of Europe and Canada their dividend tax is only 15% Vs US at 30% and there's no need to file any tax return. Make your life easier. My way is  always keep it simple. Don't complicate things. Why do you want to complicate our life with more paperwork? Our life is already complicated. I don't need additional layer of complications.

To sum it up, my investment style is
1. Never bet against the US market.
2. Buy quality companies, why settle for 2nd best?
3. Pay less tax where possible.
4. Keep it simple.
4. Keep your cost low.

Totally understand where you are coming from, because I am also a pro US when it comes to investments. I totally concur with your explanations on why US markets shall be the preferred choice.

Just that I thought, US markets are larger, with more market movement, with better yield, that also meant if things go south, they tends to be one of the hardest been hit as well. So I figure on top of owning a ferarri, perhaps I shall also get a tamed Toyota Camry instead, if anything went wrong with the ferrari, i still got a Toyota aka diversification.

And I see Swiss as a rather stable and well managed market. And so ngam, I have fate with Swiss and got the opportunities to invest in Swiss, which is why it ended up as part of my consideration, as it is a rather conservative market that is hard for an outsider to tap into SIX.  But of course, you raised a very good point, the taxes are higher compared to US, so now it is up to me to really determine whether it is worthwhile to have it as my Toyota or not, or I need to find some other market for my Toyota

whats the best way to be exposed to USD short of opening a foreign curr account at banks?

If you want tax free country for dividends, HK, SG and UK.
Buy US reits on sgx. They pay in USD.

oohh good idea

malaysia bank foreign exchange really rip off one wtf..

What's the best way/platform to convert USD to MYR?

Deposit USD into TransferWise.

I checked Wise online calculator, the final amount after fees deductions are lower than what bank could give me. Hence, I'm looking for another method other than Wise.

Deposit USD into TransferWise.

How do we transfer money from our Malaysian bank account to Transferwise USD account?

There is no such option.

Long term, MYR will always be down against major currencies.

Deposit into MYR first, then use transfereise to convert to USD. You can only hold max rm10k inside TransferWise.

Unless Malaysia pursues a strong ringgit policy, which means tighter monetary policy with focus to fight inflation  , but with lower growth.

How do you deposit MYR from bank account to MYR Wise account? Is there a charge because it is the same currency?

How do you transfer from Wise MYR to Wise USD?

external demand?

If I remember correctly reading one article, it says the current devaluation of ringgit isn't caused much by lack of external demand, rather - the exporters, investors holding on to their US Dollars account , and not converting back their proceeds from USD to Ringgit.

It's the Malaysians themselves, the savvy ones, the richer ones (with extra money to invest and with investment to protect), that is having a bank run on Ringgit.

no?

You can use FPX. For me, I wouldn't just hold USD. I will make my USD work.

Hence my preferred way is
1. MYR -> fintech -> Sg banks -> Interactive broker -> USD use converted USD and invest it.