Hello all. If I am going to invest in CSPX directly with IBKR instead of going through TSG. Is there any minimum investment amount required to minimize the cost of the investment? Previously it was stated that for investment through TSG, min 7k is required to minimize cost. Thanks in advance for the insight. 🙏🏻

Hey guys, with the update of IBKR removing the inactivity fees and allowing us into the lowered tiered pricing part, I am planning to invest every quarter to buy 1 piece of CSPX (the one domiciled in irelend), so that will be equivalent to RM 2k transfer every quarter.

By doing this, am I really losing due to 'conversion rate and fees'? So this plan of mine is not advisable? What's a good DCA plan for a fresh grad like me to accumulate money then buy

For me, I was thinking that the time in market aspect of this plan will triumph my loss due to the conversion rate and fees

Anybody have this problem as I do? I have excess settled cash in SGD in interactive brokers. However when I try to initiate withdrawal it says withdrawal balance 0 sgd. I don't really plan to withdraw but I want to try it out once to see how simple or difficult it would be.

Thanks

DCA is the worst idea abused by the mutual fund and brokerage firm, platform provider industry. Putting each month consistently  each month generate "fees" to the bookies of these industry. That's how they make money. Whether England or Brazil winning the world cup, it's the bookies that profits each bet.

As investor, your DCA only probably few times. If you see value in the biz, u buy the stock at certain price which if fair or cheap to you at that time. Even if the price of the stocks drop, and you still see value in it, you buy more via DCA. You don't DCA each month consistenly like zombie, don't think that's how super investor like Warren Buffet operates during investing.

I think Ramjade mention for IBKR what he do was accumulated enough then lump sum transfer (save on fees?) then inside IBKR he wait for correct time to buy. He mention 10k not sure he meant 10k MYR or 10k SGD or 10k USD

Looking for advice from sifus. I want to start buying foreign ETFs and since IBKR has removed the inactive fees, I intend to use it.

From what I’ve read here, the best way seems to be open a SG bank account. Probably CIMB would be the easiest since it can be done from MY.

Then open a IBKR account with the SG bank info. In IBKR, use tiered pricing to purchase the ETF. If I understand correctly, with the funds, I should be able to buy in multiple stock exchanges across the globe.

Is my understanding correct? Also, should I have the SG bank account remunerated in USD to minimise forex charges when transferring into IBKR?

Thanks for any help.

Oh, referring to moving money into IBKR, not withdrawing. I thought the reason for the SG account is to transfer cash into it? MY acc (RM) -> SG acc (USD) -> IBKR? Or can still use wise to do MY acc -> IBKR (via transfer wise)?

If you put in 100 bucks monthly since 2015, you would have  15,507 with SPY and 13,394 with ARKK.


If you put in 100 bucks monthly since your post in August 2021, you would have 952 with SPY and 573 with ARKK.

I don't see the outperformance. 

So you are saying if a hedge fund manager gets lucky and outperforms the market temporarily you would recommend them but if they get unlucky then you no longer recommend them? Isn't that buying high selling low as well? I mean you only buy when they outperform then sell when they underperform. Unless you got a time travelling machine and can buy before they outperform the market. Hindsight is 20/20.

Like how you recommend buying ARKK when they are at their all time high and now want to sell after what she did this year. Buy high sell low. And now you are doubling down on recommending other etfs that are now outperforming the market at their all time highs. Reminds me of someone.
Also, watch section 12:59 Manager Skill vs Luck of the youtube video.

https://youtu.be/p6HrepdLSu4?t=779

Just sharing, now Webull is available in SG, meaning if u have SG bank account you can deposit SGD for investment.

https://www.webull.com.sg/

Does webull support fractional shares buy,sell?

Yes I know so I already applied. Spore forum investor also suggest this. Finally really 0 fees for US stock via fractional shares even beating Syfe as that is only 2 free while webull is permanently free. IBKR supporters into US trades may want evaluate this webull. How come new brokers don't open on Msia but only in Spore? Webull is China monies backing.

thanks bro for the info. if fractional shares is on, then it is best jor 

alexkos thanks for the thread TS

So at present is IBKR SG a better option versus TradeStation Global?

And instead of GBP will be using SGD?

wait, so I can buy SP500 in other currencies and protect myself from forex risk?

Ramjade, what am I missing. Do I buy snp 500

Just wanna diversify but I haven't done loading up on my sg stocks.

I see Nasdaq 100 performs better than s&p 500. But I've enough exposure to usd assets already.

I love dividend too.

Thanks ram. Will you please guide me where I can learn more on covered calls. IBKR has such service too?

My current broker is closing so imma porting out. Am thinking to port to IBKR, so anyone who wants to give me their referral please feel free.