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 [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world

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TSalexkos
post Oct 26 2020, 11:11 PM

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QUOTE(Julian2103 @ Oct 26 2020, 10:47 PM)
I see, can you ELI5 how that saves me more money? And also one more question, why is it recommended to transfer 7-8k one shot instead of lower amounts for the first go?
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Transfer rm50 also can.
Julian2103
post Oct 26 2020, 11:55 PM

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QUOTE(alexkos @ Oct 26 2020, 11:11 PM)
Transfer rm50 also can.
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You mean just deposit rm50 first and then top up later? But your first post recommend to top up 7-8k eh boss
TSalexkos
post Oct 27 2020, 09:46 AM

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QUOTE(Julian2103 @ Oct 26 2020, 11:55 PM)
You mean just deposit rm50 first and then top up later? But your first post recommend to top up 7-8k eh boss
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7k is assume that u top up then straight hoot cspx.

Rm50 can't hoot sad.gif
Julian2103
post Oct 27 2020, 02:37 PM

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QUOTE(alexkos @ Oct 27 2020, 09:46 AM)
7k is assume that u top up then straight hoot cspx.

Rm50 can't hoot sad.gif
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I see. Sorry I don’t really understand. I just checked the share price it’s 341 usd per share. How about depositing 2k rm first go?
TSalexkos
post Oct 27 2020, 02:54 PM

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QUOTE(Julian2103 @ Oct 27 2020, 02:37 PM)
I see. Sorry I don’t really understand. I just checked the share price it’s 341 usd per share. How about depositing 2k rm first go?
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Can. U bayar broker 1.5gbp equi rm8 for 2k purchase. That's 0.4% commission.

This post has been edited by alexkos: Oct 27 2020, 02:54 PM
Ramjade
post Oct 27 2020, 03:02 PM

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QUOTE(Julian2103 @ Oct 27 2020, 02:37 PM)
I see. Sorry I don’t really understand. I just checked the share price it’s 341 usd per share. How about depositing 2k rm first go?
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Don't bother about investing until you can get min RM8k. You want to minimize your commission.
TSalexkos
post Oct 27 2020, 03:21 PM

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QUOTE(Ramjade @ Oct 27 2020, 03:02 PM)
Don't bother about investing until you can get min RM8k. You want to minimize your commission.
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Nvm la got 400 usd can hoot d smile.gif

Janji keep 50 year confirm huat hehe
Julian2103
post Oct 27 2020, 04:01 PM

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QUOTE(Ramjade @ Oct 27 2020, 03:02 PM)
Don't bother about investing until you can get min RM8k. You want to minimize your commission.
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Funds are not a problem. I’m just wondering why the minimum recommended is 7-8k. I understand now. Thanks guys
Ramjade
post Oct 27 2020, 04:20 PM

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QUOTE(Julian2103 @ Oct 27 2020, 04:01 PM)
Funds are not a problem. I’m just wondering why the minimum recommended is 7-8k. I understand now. Thanks guys
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Unless you use trading212
Julian2103
post Oct 27 2020, 04:26 PM

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QUOTE(Ramjade @ Oct 27 2020, 04:20 PM)
Unless you use trading212
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I registered for an account too, other than ibkr. Do you use trading212?
Ramjade
post Oct 27 2020, 04:40 PM

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QUOTE(Julian2103 @ Oct 27 2020, 04:26 PM)
I registered for an account too, other than ibkr. Do you use trading212?
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No cause I have not figure out how to withdraw money from trading212 without incurring expensive bank fees = less money coming back to me. sad.gif
Julian2103
post Oct 27 2020, 05:12 PM

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QUOTE(Ramjade @ Oct 27 2020, 04:40 PM)
No cause I have not figure out how to withdraw money from trading212 without incurring expensive bank fees = less money coming back to me. sad.gif
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Yup exactly the reason holding me back. The interface and the app and everything is just so clean and appealing though. What a shame.
TSalexkos
post Oct 27 2020, 05:28 PM

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QUOTE(Ramjade @ Oct 27 2020, 04:40 PM)
No cause I have not figure out how to withdraw money from trading212 without incurring expensive bank fees = less money coming back to me. sad.gif
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Hao to myr usd trading212?
TSalexkos
post Oct 27 2020, 05:28 PM

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No worry position can transfer ya
Ramjade
post Oct 27 2020, 05:44 PM

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QUOTE(alexkos @ Oct 27 2020, 05:28 PM)
Hao to myr usd trading212?
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Bigpay
TSalexkos
post Oct 27 2020, 05:48 PM

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QUOTE(Ramjade @ Oct 27 2020, 05:44 PM)
Bigpay
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Cheap?
Ramjade
post Oct 27 2020, 06:37 PM

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QUOTE(alexkos @ Oct 27 2020, 05:48 PM)
Cheap?
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Yes not bad. Usually cheaper than instarem. Downside is RM10k.
Julian2103
post Oct 27 2020, 07:10 PM

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QUOTE(Ramjade @ Oct 27 2020, 06:37 PM)
Yes not bad. Usually cheaper than instarem. Downside is RM10k.
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And also once withdraw back to BigPay, it will be a pain in the ass to get the money out. A lot of restrictions.
TSalexkos
post Oct 27 2020, 07:56 PM

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QUOTE(Ramjade @ Oct 27 2020, 06:37 PM)
Yes not bad. Usually cheaper than instarem. Downside is RM10k.
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ic....10k per shot? brapa commission? instarem now 0.45% one way
Ramjade
post Oct 27 2020, 08:57 PM

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QUOTE(alexkos @ Oct 27 2020, 07:56 PM)
ic....10k per shot? brapa commission? instarem now 0.45% one way
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I don't look at commission. I see how much foreign currency I get say per RM10k.

Cause that's the final amount I am getting. Who cares about Commission. Btw bigpay commission is RM8.00 I think.

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