SGX has a SPDR S&P500 fund. No need to go thru that many trouble, but dunno dividends got taxed or not.

Sgx trading fee cheap?

What is the ticker?

but i think IWDA/SWRD track different things as SPY.

SPY more on US but IWDA/SWRd more on whole world

I use Maybank so $25 per trade, but the units are held directly under my name in SGX CDP, no worry about broker house shut down.


SGX S27.

SPDR website

Yup taxed at full 30%, even as a Singaporean it's worth getting it via London Stock Exchange ticker CSPX for the volume, tax discount and auto invest factor.

hmm, my sg fren itu US domiciled. Trump happy eat 30% tax.

come follow me SXR8

Tak da duit lah bang

itu captrader min charge 4 EUR per trade~ so around RM20 also.

U buy one share, SXR8 around 250EUR now..... should be less than RM1,500.

Then u can cry to the world, u own the best companies in the world

achievement unlocked.

annual fee 0.07% only.

But if small capital, can do SA first. SA eat 1% rain or shine, so yummy.

I'd say once you hit the RM50,000 mark, it's time to wave goodbye to StashAway and wear the big boy's pants with an international broker.

Alternatively via TradeStation, and USD denominated funds:
i. FAST to IB's SG Citibank: free - I believe honsiong has access to SG bank account
ii. Convert SGD->USD: USD2 min - convert up to ~USD33,333 before paying more
iii. 1 share of whichever rocks your boat IWDA/CSPX/VWRD: USD56.33 / USD283.28 / USD84.34
iv. Commission GBP1.5 equivalent in USD (~USD1.95) min, or 0.12% of trade value - buy up to ~USD1625 in value before paying more

The above works well for SGD2000 bi-monthly buy in.

Bonus: Step 0. MYR->SGD - we all have a few Malaysian relatives and friends working in Singapore that sends money back every month right? Strike up a win-win rate

Sui wor... Sg xitibank can open account online?

Btw... Myr sgd transfer like that... Itu lhdn will come invite me kopi or not?

It's hard to open SG bank account after 1mdb.

You transfer straight to Captrader you think LHDN won't ajak you out for coffee? As long as you paid your taxes, nothing to worry.

This post has been edited by Ramjade: May 18 2019, 02:41 PM

Gooding Hehe... Hmm lazy go spore for this one thing... Total cost can't justify yet....

But gooding sharing anyway.

Ramjade bro what's ur method?

I managed to open CIMB SG quite easily though . Got FAST transfer enough right ?

Malaysian banks - > Instarem/moneymatch - > SG banks - > Interactive broker bank account.

Yes got fast transfer enough to fund interactive broker. But max is I think SGD30k each time only.

You open a SG Maybank/CIMB account which can do FAST Transfer. Interactive Broker’s Citibank SG account is where you’ll transfer to.

Can’t find any laws prohibiting that, afterall it’s perfectly legal to exchange money notes with your friends and family. It’s the same mechanism as Instarem/MoneyMatch - the pool of MYR nevers leaves Malaysia and SGD never leaves Singapore

So need travel Singapore... Ok... See when got time.... Maybank also can ya?

Read the link I shared. Don't even need to go down. During my time yes need to go down.

inikah?

macam gooding



liao.....

a monthly fee of S$2 will be charged if average daily balance falls below S$500 in that month.

This post has been edited by alexkos: May 18 2019, 05:58 PM

updated Q&A to acknowledge comrade @wt_vinci demonstrated money repatriated from Captrader -> TransferWire -> Malaysia Maybank with success

Original post
https://forum.lowyat.net/index.php?showtopi...post&p=92533264