QUOTE(moosset @ Mar 12 2020, 01:39 PM)
until ibkr shows us formula for calculation and we find errors...got to assume both are equally accurate. [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world
[DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world
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Mar 12 2020, 01:54 PM
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#101
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Mar 12 2020, 08:00 PM
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#102
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Mar 17 2020, 08:51 AM
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#103
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Mar 17 2020, 03:13 PM
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#104
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Mar 17 2020, 04:38 PM
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#105
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QUOTE(moosset @ Mar 17 2020, 03:31 PM) oh I see. So, even though on the left it's -1%, on the right it's -12%, it's still the same. ah ok... I see the you problem now...lolkinda hard to imagine; because if you bought the ETF on the left, you lost 1%. The ETF on the right lost 12%. I thought the percentage would move in tandem. sxr8 crash n bounce up closing -1% at midnight (eu market close.)..spx crash, bounce up, crash again closed -12% at 4am ( us market close)... this is where you got confused looking at the daily % data... overall... sxr8 crashed -32% from peak whilst spx -30%... THIS is what you wanna see... if you look closely at say hourly charts...they track also until closing This post has been edited by dwRK: Mar 17 2020, 04:45 PM |
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Mar 18 2020, 10:47 AM
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#106
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QUOTE(moosset @ Mar 18 2020, 09:10 AM) Thanks for the reply! they TRACK each other when they overlap...they don't have to MATCH...I'm not sure.... at 11pm, both markets were still running. maybe trading was halt or maybe my screen wasn't up-to-date. Nevermind lah.... Buffett said, no need to understand this also can trade. you're expecting price movement to match...market don't work like this... if sxr8 is a very efficient market...it will track closely and sometimes match...if inefficient it can be a wild ride...where the buy/sell spread is large and price jumps around much |
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Mar 18 2020, 11:27 AM
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#107
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QUOTE(moosset @ Mar 18 2020, 10:59 AM) ah, I realised the problem now. bingo both these percentage of change are based on the previous day closing price. The % of change from 10pm to 11pm for both may be the same, but NOT for the % of change based on previous day closing price, as they both closed at different trading hours. Am I thinking clearly now? I ald mentioned this nia...post 854 This post has been edited by dwRK: Mar 18 2020, 11:29 AM |
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May 5 2020, 02:09 PM
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#108
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May 5 2020, 08:33 PM
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#109
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QUOTE(Julian2103 @ May 5 2020, 06:28 PM) Seems a lot less troublesome to use Etoro to buy s&P500 though. Ive been researching and cant find much info on this. Sifus can enlighten? New fintech broker...I know some friends open there...I never find out moreyou go check it out lor... open account play with demo see you like it or not ... I'm sure don't have to fund it... if dun like just abandon |
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May 6 2020, 04:17 PM
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#110
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QUOTE(tadashi987 @ May 6 2020, 05:44 AM) etoro is somehow still fishy for me no fishy smell lah...lol I quick scan last time it's all mentioned in their account, restrictions etc...1) etoro is defaulted to CFD and you need to REQUEST afaik, in default, all malaysia account opened through etoro is parked under regulation of Australian Securities and Investments Commission (ASIC). in such, all trade are default in CFD, you can know that when u try to place order, there is no option at all ![]() so there are netizen from etoro group mentioned, if you dont want to trade in CFD, you need to talk to their CS to SWITCH 2) etoro spread is crazily high looking at the same pic, QQQ last price is 217.66, but the spread is so high that you need to buy it with price of 217.93. it means that once your order is matched, you are already losing (217.93-271.66) per share. I am not sure is this because of CFD trade can try 1) open account and request etoro CS to switch your account to non CFD account 2) then you try check again if the order book price spread is still crazily high, if yes, better stay away from this I done all these research previously and finally switch to tradestation global thou more troublesome, but at least make me feel much safer regulated under Australia and UK should be quite safe all cfd brokers have higher spread... it's there they park their commission...so it's normal cfd brokers also served a different market... e.g., you can buy 0.01 lot of qqq... long on 500:1 leverage... get wiped out like 80% of ppl... lol anyways... all brokers got pros and cons... find one that match your own requirements ah... |
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May 6 2020, 04:47 PM
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#111
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QUOTE(tadashi987 @ May 6 2020, 04:30 PM) understood, my concern is that usual investor e.g. Julian2103 wont know the bid spread is to high that contribute to their commission, also normal investor account opening first intention is to trade normal investment with closest bid spread according to market. np.That's why every time people talk about etoro, they never knew they are trading CFD, let alone the high bid spread. also a lot etoro paid "influencer" like to promote etoro can be used to trade normal share but they never bother to further elaborate that 1) you need to write to CS to switch your account regulation 2) never tell your account is default opened as CFD enabled only account 3) never bother to explain the bid spread logic behind so a lot people fall for it and that's why i felt such marketing is very fishy and a bit unethical in my sense, personal two cents they started as cfd broker...main selling point is copy trades... real stocks came later I think... default to cfd, account restrictions etc all in the fine prints... most ppl don't read carefully ah... also don't research the various broker... ask in forums who good who bad then just blindly follow... also lose money time need to blame somebody always broker kena...spread suddenly jump high, execute delay, execute wrong price, cs lousy,... then go on social media simply hantam... hahaha |
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May 7 2020, 09:47 PM
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#112
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QUOTE(mr_tuzki @ May 7 2020, 12:53 AM) Yeah eToro is regulated, not a scam. Just that it's not the usual brokerage, more for social copy trades. I play crypto fees roundtrip can be up to 0.5%... so 0.09% is super cheap...lol... all relative ahAlso interface is very simple and easy to use. Fees are high, the spread is 0.09% buy/sell. I had eToro but have switched to IBKR. Imo, if just wanna dabble a bit, not investing too much, eToro is fine. But if doing serious trading, high NAV and frequent trading, better use a full fledge broker which has a huge number of features (order types, margin, options, performance reports, etc etc) ...but agree on your points... |
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May 27 2020, 09:51 PM
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#113
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Jun 10 2020, 12:03 PM
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#114
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QUOTE(Chounz @ Jun 10 2020, 11:42 AM) Would like to understand the protection as well. tsg is UK company so $ is covered under UK law...does not matter where tsg holds your $Since TSG is actually using Interactive Broker, shouldn't the protection apply to both TSG and Interactive Broker? why need transfer to IB directly? Can't really read the complete article in the link provided as the website need to subscribe. rourus meant to transfer "account" over to ibkr...ie, open new account with ibkr US...so that your $ is covered under US law |
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Jun 10 2020, 02:51 PM
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#115
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QUOTE(alexkos @ Jun 10 2020, 01:34 PM) QUOTE(Chounz @ Jun 10 2020, 02:00 PM) hahaa, that's my understanding as well.... y'all sign up with tsg... so legally everything is tsg lah...ibkr is only subcontractor to tsg... providing custodian and trade routing service... you can also say tsg outsourced to ibkr... hahaha i always thought as long IB is protected then should be fine... |
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Jun 10 2020, 05:57 PM
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#116
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Jun 10 2020, 09:03 PM
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#117
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Jul 7 2021, 08:29 PM
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#118
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Jan 17 2022, 12:24 AM
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#119
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