Yes. Uncle Sam bully. If malaysia straight buy US shares, 30% dividend tax kena....

So cheapest for us is to buy Ireland domiciled fund, 15% je.

CapTrader min 4eur or 0.1% whichever higher
Tradestation global min 1.5gbp or 0.12% whichever higher

Say first, pls hoot sp500 only after considering your asset allocation.

Eg. 50/50 asset allocation. Means 50% hoot equity, 50% hoot fixed income.

Alex duwan see ppl here hoot too much equity. When market downturn, Fuiyo I tell you..... Just see 2008 as lesson.

. Kantoi work too busy almost forgot this. Wait I screenshot show u from my captrader platform.

. Kantoi work too busy almost forgot this. Wait I screenshot show u from my captrader platform.

Sxr8 sama cspx. U can Google ishares core sp500

Ah roar... Hehe... I study behavioral finance. I don't want to overestimate my confidence in 2008 scenario. So 50/50 for now until I see a real recession myself.

I also got Tradestation global liao. Awaiting funding. Once approve, will upload more info.

In the mean time, huat arrrrr

Ibkr

hehe,

big budget boy = IB
small fry = tradestation
middle fry = captrader

kantoi took so long to open tradestation account. I open tradestation global account, want use their UK facility, but with USD instrument.

Money pergi to citibank NA, with funny personal account number attached just behind citibank account number.

Itu instarem bosong say can't do that, can only wire to citibank.

So now fund stuck, dunno IKBR can detect my fund or not...

already 10 days =(

inb4 GBP 1.5 per transaction or 0.12% whichever higher trap

kantoi, why no ppl mention that tradestation global needs min $5k deposit requirement?

LSE GBP SP500 mahal oh, i buy USD version, also ireland domiciled, code name CSPX

nice, then no prob for me if min 1k $

Sian, IKBR initiate refund process... Instarem transfer fail.

Why ah Tradestation global? So mafan one...

My captrader smooth.

Macam instarem dun like citibank trump with special account number....

breaking news. captrader and tradestation global (because both of them ride on IB platform) can do internal transfer.

heeh.......report more detail later.

summary report

tradestation global 0.12% or GBP1.5 whichever higher
captrader 0.1% or EUR4 whichever higher

For more frequent, smaller fund top-up, tradestation is preferred.

RM8 vs RM18.....no brainer~

1.5gbp vs 4eur

Convert cost....

yes pal, judging from likelihood that you're going to top-up next time, tradestation global is recommended.

0.02% diff....hehe.....bogleheads memang save cost until ahma also cant recognize.

all the best. share with us your journey here.

Further reading for serious index investor

1) john bogle - common sense of mutual fund investing
2) markiel - fooled by randomness
3) zweig - your money and your brain (on our tendency to be overconfident and swing to individual stockpicking)

Btw, part of my phd study focuses on the advantage of going indexing as a way to invest. Stay tuned =)