I use this meyhod
https://forum.lowyat.net/index.php?showtopi...post&p=92207301
So you use FXCONV?


This post has been edited by Ramjade: Jul 30 2019, 01:15 PM

Any idea how to use Fxconv via web trader instead of client portal?

I don't do S&P500 as it forces you to sell to realise your gain. Imagine if is a bear market and you are force to sell.

I focus on dividend and dividend growth investing. Come rain or shine, money always enter my bank account. Price goes up, I sit and watch. Price drop I scoop up using my savings + dividend received. Hence generating even more money yearly.

Don't care if it beats s&p500 as long as I am not forced to sell when I don't want to sell.

This post has been edited by Ramjade: Aug 2 2019, 06:03 PM

Correction. Reits and Dividends aristocrat. Reits forced by law to pay out. So rain or shine definitely have to pay something

Yes. Not worth it. Better if DIY. Higher returns. Buying S&P500 is very different VS DIY reit ETF.

Welcome to investing. Index investing aren't fool proof as the underlying is still stocks. So if stocks price drop, index will follow. After all, investing in index/etf means you are getting market return ma. These few days market damn bad. Good shopping spree. Reason why I don't do DCA. Keep money for time like this

This post has been edited by Ramjade: Aug 7 2019, 08:55 PM

10% drop already want to jump floor? Give me a 30% drop
Mega sales

CKI infrastructure, GA pack, ICBC
Cromwell EUR reit
I got so many more to buy but no money.
Tradestation global but login using Interacrive broker?

What tip you want? I don't give buy or sell tip. I buy and hold. Sell if fundamental changes.
My tip keep your cost as low as possible especially if you are like me, poor fag. Be patient. Keep money. Avoid FOMO. Rising DPU does not lie. If you FOMO, you will never have money to buy.

This post has been edited by Ramjade: Aug 8 2019, 04:13 PM

If you use tradestation global, just transfer SGD into their SG virtual bank account.
I have SG bank account so just do transfer like IBFT.

Not sure if Interacrive broker receive transfer from 3rd party like instarem.

If you don't want to open Tradestation global, can go with FSM SG. But that severely limit you to only SG and HK market compare to worldwide with Tradestation global (interactive broker)

You can do it using Malaysian broker also but be prepared to pay higher cost (higher commission, dividend fees, quarterly fee, markup exchange rate)

This post has been edited by Ramjade: Aug 9 2019, 08:19 AM

Transferwise borderless account.
- IB doesn't accept money from transferwise (USD)
- not sure about sending to tranafwise

This post has been edited by Ramjade: Aug 9 2019, 09:00 PM

To open US bank account you need to be on US soil and is a must to have Social Security Number.

SG is my main port. I convert to RM-> SGD. From there I convert to the SGD into whatever currency I need.

My US bank account (transferwise) is to received cashback from shopping on US website.

When you transfer, you need to pay the current holding broker some transfer fee.

So if you want to buy, pick a broker and use that broker to buy. Don't ever transfer.

Yes. Don't need TWS.

Convert at in house exchange rate as mentioned by dwRK (more expensive by about 3%)
Higher commision charged per transaction. Say (USD10 vs USD3)
- I am not sure how much maybank charges.
X% of dividend fees to be paid to maybank
Possible quarterly platform charges.

If you feel like paying them all the above charges, by all means continue to use them.

A little hassle to by going the SG route to save lots of money in the long run. But worth it in the future.

This post has been edited by Ramjade: Aug 25 2019, 02:12 PM

I edited my post.

Depends on which market you want to buy. Read back a few page about why Captrader is cheaper than tradestation and why tradestation is cheaper than Captrader.

Cash. Do not use margin unless you are OK with borrowing money and invest.
There's 2 tradestation, tradestation and tradestation global. If you want the Whitelabels of Interactive broker use tradestation global. Fnd it with USD5000. That's the criteria. Travel to KL only if you want an Instarem account (they only service Klang valley. Not sure if they service Penang or JB.

You will find many problems using Malaysians banks to transfer to the virtual bank account no given by interactive broker. Main reason is interactive broker deals with Forex. Since Malaysians govt doesn't like forex so most Malaysians banks don't let you deal with interactive broker.

Cheapest options is direct instarem > Interactive broker. Apparently there are some currency you can't direct Instarem. For me I use the following method Malaysian banks > Instarem > SG banks > FAST tranafer (IBFT) to Interacrive broker virtual bank account in SGD > convert to whatever currency I want using interactive broker own exchange (at spot rate - cheaper than money changer at cost of USD2/conversion)

A little bit of inconvenience to save on those pesky fees for long term. SG banks not problematic when come with dealing with interactive broker unlike Malaysian banks.

Hope this answer your questions.

This post has been edited by Ramjade: Aug 25 2019, 08:43 PM

Yes. If you don't want to open SG bank account, can only use instarem for EUR. IB doesn't accept USD from instarem. Later when you want to sell, maybe costly send money back from interactive broker > Malaysia.

Take a 3 days leave and go down to KL to open an account with instarem. Yes to save significant money. Avoid USING any Malaysian banks to transfer money. Cimb SG - > Cimb MY as rates not bad but not Cimb MY - > Cimb SG.

Sign up online. You don't need KL address. Then for meeting with instarem part, do as what alexkos did. Meet them at KL central, then went back to perak I think. Tell them where you want to meet them. Their office? KL Sentral? Some shopping mall in KL? Your pick. You pick the place, date and time.

Up to you. One day enough? Penang to KL is not near. How many hours you need to travel down to KL? They operate during office hours only. If you settle everything already with them, how are you going to go back? Can you work the next day? Won't you be tired with the travelling? If one day enough for you then so be it.

For me I email/chat with them. They don't support east coast state so no choice need to meet them in Klang Valley.

This post has been edited by Ramjade: Aug 26 2019, 10:02 PM

But definitely won't be in your name. IB is very particular that the originating bank account must be in your name.

So far only leeway is for EUR.
People said BigPay is more expensive than instarem.