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.

Bigpay is always cheaper than instarem. Only problem slow and limited to RM10k only.

i an not expert but I use IBKR.

See reply below
Warren buffet is outdated. Cathie wood is the new next gen Warren Buffet

You can use the USD to buy stock. Just make sure the value don't drop below USD1k.

Instarem cannot be use to transfer USD

This reply. Below. Way higher cimmisimn like USD25-50/transaction Vs USD0-1.50 per transaction. No platform fees, no dividend fees, no hike up exchange rate if you are using interactive broker.

All etf bought from LSE does not have stamp fees. Forget about all th m and just buy ARK.

There are 5 ark funds. Have our pick which one you like. If I am not wrong 2 of the ark funds have beaten the s&p500 for last 5 years (could be more)

Why bother with Etf giving 5-7%p.a when you can have one giving 15-100%p.a?

If I am etf investor I will just buy ark. Some more with recent sell down, even better for me to buy ark. Ark does what no etf does. Buy big when market is red.

S&P500 contains lousy of old comapnies. Eg. intel, Boeing, IBM, General motors, General electric, Wells Fargo
They are big but lousy companies. I wouldn't even put my money into them. Big does not mean good.

This post has been edited by Ramjade: Mar 8 2021, 11:35 AM

It's USD2500 to open acocunt. Then how are you planning to buy s&p500?

Tradingview is just a website. If you are overseas investor forget about SC cause their ban is more political than correct.
They banned TD cause it's a overseas broker.

This post has been edited by Ramjade: Mar 9 2021, 04:55 AM

Just dump money into versa.

Alternatively buy pseudo bond like stocks like microsoft, pfizer, railway company

Nope. Only way to cut down is
1) use pure IBKR hence you are charged USD0.35/transaction only.
2) Use TD (zero commision)

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.

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

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.

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

Possible. Just keep all your receipts, pay your tax.and don't try to cheat the govt on your tax. I keep all 7 years of receipts that I claim in my PC and online categories interactive different l year. Malaysia law allows us to.invest overseas.

https://www.bogleheads.org/forum/viewtopic.php?t=187514