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 [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world

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dwRK
post Nov 6 2019, 07:09 PM

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Found this....

http://taxsummaries.pwc.com/ID/Withholding-tax-(WHT)-rates
dwRK
post Nov 6 2019, 07:49 PM

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QUOTE(roarus @ Nov 6 2019, 07:16 PM)
Not as quite straight forward for things that pay interest - cert of deposits (FD), directly held US treasury are exempt. Certain or all municipal bonds are exempt too. But not US treasury ETFs though
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Yes. Qualifying dividends and interests are not included. Also tax treaties details are in separate sections. Just putting it up if people wanna know the wht rates, and wanna see if can find funds in those countries.
dwRK
post Nov 6 2019, 08:52 PM

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QUOTE(moosset @ Nov 6 2019, 08:36 PM)
sigh.... now I'm also very confused liao ..... nevermind lah....

by the way, if buy SXR8, then the intraday movement is not much since half of the time, it doesn't overlap with the NYSE?
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It probably tracks futures when it doesn't overlap

Today is slow because futures is also not moving much

Usually the fireworks starts when US opens

This post has been edited by dwRK: Nov 6 2019, 09:01 PM
dwRK
post Nov 7 2019, 10:14 AM

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Yggdrasil

thinking in simplistic terms...

sxr8...0.07% expense, 15% WHT
voo... 0.03% expense, 30% WHT

by inspection voo is better right? although pay 2x WHT but save more than 2x expense. if minimal to no dividend...then voo is outright winner

so maybe only high dividend yield could swing it to sxr8...you know how to work this hypothetical threshold? my calculus fails me today bangwall.gif bangwall.gif bangwall.gif

maybe useful to assess other high dividend paying etfs...
dwRK
post Nov 7 2019, 07:20 PM

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QUOTE(roarus @ Nov 7 2019, 10:48 AM)
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Thanks. I deducted the expense 1st then added the dividend, came to the same conclusion.

On a separate note, I checked the spreads yesterday... sxr8 was 6-8 cents, while voo was 8-10 cents.

So sxr8 it is thumbup.gif

This post has been edited by dwRK: Nov 7 2019, 08:51 PM
dwRK
post Nov 8 2019, 11:18 AM

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QUOTE(-CoupeFanatic- @ Nov 8 2019, 10:29 AM)
Sifus here, want to ask.

In the first post it is mentioned that the most cost effective amount to hoot is 18k, we get the most out of our money.

This means that if I wanted to DCA in the most effective way, I must do it 18k at a time. right?
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No lah.

18k myr or 4k euro ... because he wanna minimize brokerage at 0.1% or min 4 euro per order at captrader

At tradestation global min is 1.5 euro I think so you work the maths lor

Buy as your funds permit lah imho. Hoot/dca one a year 18k not necessarily effective if bull run... if bear bear... then different story
dwRK
post Nov 8 2019, 01:10 PM

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QUOTE(-CoupeFanatic- @ Nov 8 2019, 12:45 PM)
alright cool smile.gif

but how do we know if tradestation global is really holding the assets on behalf of us? Or do we just need to take their word for it?

if they gg, our money also gg?

also, is the 7k hoot on tradestation global more cost effective than the 18k hoot on captrader?
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Take their words

Almost impossible to gg lah...ibkr holding > $150 bil customers assets...its more than 50% of Malaysia gdp... definitely get us gov bailout if happens

No. Captrader 0.1% fee vs 0.12%...but have to hoot 18k lor
dwRK
post Nov 9 2019, 12:49 PM

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QUOTE(roarus @ Nov 7 2019, 08:41 PM)
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Boss... any high income type products to recommend... ?

I was just checking ibkr margin financing, for EUR rate is say 1.5%, so if you get 3% interest / dividend... basically gaji buta1.5% right, ignore wht and price fluctuations for simplicity.

USD lending rate is say 3%... so if I need USD, best to first short EUR.USD, essentially borrowing EUR at 1.5% to sell for USD.

This post has been edited by dwRK: Nov 9 2019, 01:03 PM
dwRK
post Nov 9 2019, 09:45 PM

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QUOTE(roarus @ Nov 9 2019, 07:17 PM)
Don't get what you meant by high income products? Or you meant high yield?

Sure you pay 1.5% for EUR, but it'll be a bet that USD will not weaken against Euro. If it's that easy and certain everyone would be doing it, right?
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Yes high yield products. I briefly saw a few usd etfs that's 7-10% so was thinking the dividend more than cover the loan

The second point is instead of taking a usd margin loan at 3%... I take a eur loan at 1.5% and use that to buy usd... so effectively a usd loan at 1.5%. If usd strengthen its in my favor because I'm holding usd.

Sounds simple so I don't know if I'm missing something tbh...

This post has been edited by dwRK: Nov 9 2019, 09:48 PM
dwRK
post Nov 10 2019, 06:07 AM

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QUOTE(roarus @ Nov 10 2019, 12:40 AM)
I'm more of an investment grade guy, but you can check out iShares High Yield Corp Bonds - https://www.ishares.com/uk/individual/en/pr...-bond-ucits-etf

Don't go all out with 100% high yield for your bond holdings though, maybe 10-15% of your total bond holdings if you want to take some risk and only when your total portfolio is big enough (assuming 15% of total bond and you're on 20/80 ratio for bond/equity - it's just a measly RM15k for a RM500k port)
Hypothetically would you take out a 4.8% MYR loan, convert and dump into a 6% IDR FD? You might end up with more IDR at maturity, but IDR might've weaken at that point you'll still bleed money after converting IDR -> MYR and settling the MYR loan. Oh and don't forget you're serving the MYR loan while waiting for the IDR FD to mature. If IDR rallies instead, lucky you.
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Appreciate the feedback...just exploring, haven't crunch any numbers yet... thanks again
dwRK
post Nov 10 2019, 07:26 AM

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QUOTE(moosset @ Nov 9 2019, 11:59 PM)
3%, 1.5% means what?? Isn't this rate compounded daily?

that 7-10% is a yearly dividend yield, no? How to cover?
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Yeah need to check if it's compounded. Some high yield funds pay monthly
dwRK
post Nov 10 2019, 10:31 AM

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QUOTE(moosset @ Nov 10 2019, 10:14 AM)
then, everything in EUR???

will EUR/MYR go up or down after brexit?
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Underlying stocks are USD....so usdmyr is the main concern not eurusd...how much brexit affects eurusd, eurmyr, usdmyr dunno but there will be some impact

This post has been edited by dwRK: Nov 10 2019, 10:35 AM
dwRK
post Nov 13 2019, 05:27 AM

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QUOTE(moosset @ Nov 12 2019, 11:43 AM)
so it costs 1USD extra to invest in Irish domiciled ETF, as opposed to US domiciled. So 12 months would be 12 USD extra per ETF. sad.gif
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That would be 12 USD extra for 12 ETF...not per ETF
Fixed the logic for you... smile.gif

Also...where you get $1 extra?

This post has been edited by dwRK: Nov 13 2019, 06:10 AM
dwRK
post Nov 13 2019, 06:13 AM

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QUOTE(moosset @ Nov 13 2019, 06:10 AM)
DCA in 12 months for 1 ETF = 12 USD. No? Because extra 1 USD per trade.  icon_idea.gif
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DCA 12 times you would have bought 12 ETFs, no....so average is still $1 extra per ETF... just that you've paid $12 extra... biggrin.gif

This is always the case buying in small quantities...that's why TS says hoot maximum per the minimum commission...lol

This post has been edited by dwRK: Nov 13 2019, 06:27 AM
dwRK
post Nov 13 2019, 07:29 AM

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QUOTE(moosset @ Nov 13 2019, 06:58 AM)
US has no exchange fees? how come?
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No commission only... latest US broker war offers...

Still have to pay exchange fees
dwRK
post Nov 13 2019, 12:37 PM

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QUOTE(alexkos @ Nov 13 2019, 09:12 AM)
Gooding breakfast at Brussel at $20...

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Wah...man of the world... wink.gif
dwRK
post Nov 13 2019, 12:39 PM

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QUOTE(roarus @ Nov 13 2019, 10:39 AM)
Oh come on, for that $1 just skip that morning teh/coffee for two days in a month
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Was gonna say 4 Starbucks a year... hehehe
dwRK
post Dec 3 2019, 08:43 PM

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QUOTE(alexkos @ Dec 3 2019, 06:30 PM)
Hoot index fund but monitor daily...

Die liao lo... Heart cannot take sad.gif
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eh... you trader or investor? sweat.gif
dwRK
post Dec 7 2019, 06:51 PM

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QUOTE(alexkos @ Dec 7 2019, 05:56 PM)
Walao, sp500 naik balik!
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next week gonna be a great week
dwRK
post Dec 7 2019, 11:52 PM

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QUOTE(moosset @ Dec 7 2019, 11:15 PM)
why?
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friday usa had a good nfp report...that's why the big surge...expects sentiment to carry over a bit break ath again if no bad news comes out...

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