One of the way is to hoot in Stashaway first 0.8% p.a. until enough to "move" to DIY ETF be vary on the # of transactions you want to perform though... you can't diversify like in SA considering the commissions charged by TSG / IBKR.

why not allocate plus since its from the fund house directly ?

any reason why csp1 gbp is more favorable than cspx usd ?

maybe one reason is because you need to be the lucky half of the population that doesnt have issue with their buggy app.

This post has been edited by thecurious: Mar 14 2021, 04:00 PM

Seconded, Allocate Plus app feels like some first year uni-student project.

You can use sg bank to transfer money to TD in SGD but not sure how is TD exchange rate.
No TT fees if you have sg bank account. It's vital to have a sg bank account.
You don't need to be invested fully.


It have always been cheaper. Instarem was cheap when I was using them. Now not anymore. It's been so long since I used them.


You don't need to diversify if you know what you are doing.

I rather use versa. Customer support us top notch.

Do you mind elaborating on TD SGD deposit? I am using CIMB SG, but I saw their faq DBS/POSB Electronic Transfer is limited to DBS/POSB only. Everything else seems like TT to me.

so is TD cheapest now? if yes i update first page

I forget you guys got no dbs/posb account.
You don't need to be invested fully.

alexkos
It have always been cheaper. Instarem was cheap when I was using them. Now not anymore. It's been so long since I used them.

polarbearz
You don't need to diversify if you know what you are doing.

no6
I rather use versa. Customer support is top notch.


This post has been edited by Ramjade: Mar 14 2021, 08:57 PM

I don't think commission free trading on TD applies to Ireland domiciled ETF since they are listed on LSE.

The issue is not with the app because the app itself it is only for deposit taking and fund display information

The problem lies in how does AHAM uses A+ to collect deposit and executing your funds and settlement upon redemption

So as long as the back office is able to cope and doing well in business hours, the app should be better

1stly all basic functionality is improving as currently they are migrating all their legacy into all in one app which gonna takes the next few years to grow

True TD only supports US market. One does not have access to UK market if use TD

I used to think that too. Then I realised I could just sell options in the etf I am holding hence creating my own "dividend" which is tax free. Yes I have been doing that. Feels nice to get paid weekly even if it's USD40-50/week.

seems like you are lucky enough not to have deposit issue.
cant say the same for everyone though.
They do need some years to get it running decently.

To each of their own I guess.. as long as we're comfortable.

Nothing to do with the deposit issue as simple the deposits goes through

The problem lies with trade settlement of the AHAM which have to trace manually to which depositors portfolio which takes time as the trace to deposit is not smooth at moment which I suspect go to with their coding setup

You can’t fault legacy system to migrate a newer based will take time because isn’t still tested hence a lot breakfix unlike Wahed, Mytheo or Akru which uses the same deposit platform through FPX which will goes through perfectly fine only to be hindered by trade from deposits issue

You can go ask ironman16 as he is already fix all the mounting issue from day 1 on A+

Just because you dont face a particular issue, please dont assume other people dont face any other issues using the app.

I did follow the thread from the very start for a time until decided not to waste time waiting for their buggy app to work.

And we as users can fault them for not having a proper app/system in place as they have decided to launch it as a full app.

That being said, I have no more interest in using the app so I dont plan on asking more details on that. I simply gave a comment on why people would not want to use the app.

Hi guys, newbie here, plan to invest ETFs passively , just apply for TSG account, waiting for approval. had gone through this thread, good information given guys, thanks a lot. just a few question to ask through, hope someone can let me know

1) As for now, the best approach to fund your brokerage effectively is still Malaysia Bank - transferwise/instarem/bigpay - SGD Bank - deposit into TSG right ? same as well with withdrawal by going through it reversely right ?

2) The reason of going for SXR8 is because of lesser, 15% only withholding tax. How do I find any other ETF that has similarity advantage of this ? i had went to justetf website to try seach for it but not sure how to filter it.

3) saw on another thread, say that

On US ETFs you'll get Withholding tax deducted from Dividends at a rate of 30% - although half of this can be claimed back as long as you submit a 1040NR form by April 15 the following tax year.

is it true ? cause from what I understood I though this 30% tax sure cannot escape one if Invest in Us domicile ETFs. anyone here had done this and had claim back the half of the dividend , can share to me your experience ?

Thanks for the help guys. Really appreciate it!

Also, May I know , why the magic deposit amount to TSG is RM7k ? what is the calculation/rational behind to show that deposit this amount will be most cost effective?

the only info that I know deposit from SGD account to TSG , the fee is gonna be 2usd right... so why RM7k though ?

sorry if this sound like a noob question. Hope someone can clarify for me. Thanks.

1. MY bank -> transferwise/instarem/bigpay/sunwaymoney -> Cimb SG -> Interactive broker (IBKR)-> Convert into USD/GBP via IBKR
Withdrawal will be Sell on IBKR -> Convert into SGD via IBKR -> CIMB SG -> Cimb Malaysia
You don't deal with TSG anymore apart from first initial opening account. After that it is IBKR all the way.

For me I never bring my money back. I treat it as a one way ticket. If you keep transferring the money back and forth between Malaysia and IBKR, your forex cost will keep adding up. Keep your cost low at all times!!

2. Google the ETF you want that track any particular index you want say S&P 500 Ireland domiciled, Nasdaq Ireland domiciled, Dividend growth Ireland domiciled, etc
Alternatively, JustETF -> ETF screener -> Equity and select which one you want) -> Fund Domiciled -> Ireland/Luxemborg (but Ireland is the most popular one) -> ETF listing -> London

3. You cannot claim as Malaysia does not have any tax treat with US.

You can invest using say RM1k but the cost is very high as shown below.
USD2/conversion + GBP1.50/EUR1.75 -> commission you pay to buy and sell ETF. You want to try keep the expense under 0.5%
(8.22+RM8.60/RM8.59 = RM16.82/RM16.81)
RM16.82 or RM16.81/7k x 100% = 0.24%

RM16.82 or RM16.81/1k x 100% = 1.682%!!!

Keep your cost low!!!

This post has been edited by Ramjade: Mar 18 2021, 05:11 PM

Kindly read through this whole thread. Answer is no. But you need to declare to LHDN when you filled for income tax that you have overseas bank account.

This post has been edited by Ramjade: Mar 18 2021, 05:23 PM