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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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tadashi987
post Apr 14 2020, 12:05 AM

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QUOTE(Ramjade @ Apr 14 2020, 12:03 AM)
Change to GBP first before you can buy.
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Thanks thumbup.gif
tadashi987
post Apr 16 2020, 03:04 PM

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Hi guys would like to enquire, i found out that some ETF are available in an exchange (checking through IB ETF list in the exchange), but through TradeStation Global, i can't find the ETF in that exchange but it is only available in another exchange, why is this so?

Is it because TradeStation Global doesn't offer to trade that ETF in that particular exchange, even though it is offered by IB?

Example:
EQQQ1 is shown to be available through LSE ETF LIST, checking through IB website

https://ndcdyn.interactivebrokers.com/en/in...567&exch=lseetf
user posted image

However, when search through TradeStation Global web client portal, it is not available but only offered through another exchange which is SIX SWISSS EBS

user posted image
tadashi987
post Apr 22 2020, 12:21 AM

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QUOTE(moosset @ Apr 21 2020, 01:55 PM)
do we need to fill out and submit the W8 form?
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QUOTE(Ramjade @ Apr 21 2020, 02:22 PM)
Of course.
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QUOTE(kart @ Apr 21 2020, 10:08 PM)
Ramjade

To whom should we submit the scanned W8 form (with our signature)? Interactive Brokers, or Tradestation Global?

Thank you for your clarification. smile.gif
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Do we submit our W8-BEN form when opening tradestation global account, I have forgotten about that

I tried to search on my client portal > sidebar > Report / Tax Docs
or
Account Setting but can't find anything about W-8 Ben form, nor there is any information if I have submitted ones before cry.gif
tadashi987
post Apr 22 2020, 12:33 AM

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I think i found the solution

user posted image

still thanks all anyway tongue.gif
tadashi987
post May 6 2020, 05:44 AM

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QUOTE(dwRK @ May 5 2020, 02:09 PM)
they are broker...can buy normal stocks n etf
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QUOTE(Julian2103 @ May 5 2020, 06:28 PM)
Seems a lot less troublesome to use Etoro to buy s&P500 though. Ive been researching and cant find much info on this. Sifus can enlighten?
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QUOTE(Ramjade @ May 6 2020, 12:13 AM)
Didn't know that. I always assumed they are cfd broker. Somehow I trust trading 212 more than Etoro.
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etoro is somehow still fishy for me

1) etoro is defaulted to CFD and you need to REQUEST

afaik,
in default, all malaysia account opened through etoro is parked under regulation of Australian Securities and Investments Commission (ASIC).
in such, all trade are default in CFD, you can know that when u try to place order, there is no option at all

user posted image

so there are netizen from etoro group mentioned, if you dont want to trade in CFD, you need to talk to their CS to SWITCH hmm.gif your account to etoro UK or etoro (Europe) which is under other Regulation, by then only u can trade in non-CFD

2) etoro spread is crazily high

looking at the same pic, QQQ last price is 217.66, but the spread is so high that you need to buy it with price of 217.93. doh.gif
it means that once your order is matched, you are already losing (217.93-271.66) per share.
I am not sure is this because of CFD trade

can try
1) open account and request etoro CS to switch your account to non CFD account
2) then you try check again if the order book price spread is still crazily high, if yes, better stay away from this hmm.gif

I done all these research previously and finally switch to tradestation global thou more troublesome, but at least make me feel much safer whistling.gif

This post has been edited by tadashi987: May 6 2020, 05:47 AM
tadashi987
post May 6 2020, 04:30 PM

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QUOTE(dwRK @ May 6 2020, 04:17 PM)
no fishy smell lah...lol  I quick scan last time it's all mentioned in their account, restrictions etc...

regulated under Australia and UK should be quite safe

all cfd brokers have higher spread... it's there they park their commission...so it's normal

cfd brokers also served a different market... e.g., you can buy 0.01 lot of qqq... long on 500:1 leverage... get wiped out like 80% of ppl... lol

anyways... all brokers got pros and cons... find one that match your own requirements ah...
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understood, my concern is that usual investor e.g. Julian2103 wont know the bid spread is to high that contribute to their commission, also normal investor account opening first intention is to trade normal investment with closest bid spread according to market.

That's why every time people talk about etoro, they never knew they are trading CFD, let alone the high bid spread.

also a lot etoro paid "influencer" like to promote etoro can be used to trade normal share but they never bother to further elaborate that

1) you need to write to CS to switch your account regulation
2) never tell your account is default opened as CFD enabled only account
3) never bother to explain the bid spread logic behind

so a lot people fall for it and that's why i felt such marketing is very fishy and a bit unethical in my sense, personal two cents whistling.gif


tadashi987
post May 16 2020, 12:18 PM

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QUOTE(nguminhuang @ May 16 2020, 11:13 AM)
4 euro =RM 18 , that is my 6 months stashaway fee, that why i still stick to SA.
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I DCA quarterly, one quarter a cup of Starbucks for me, I think it is ok hehe
tadashi987
post May 31 2020, 01:09 PM

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QUOTE(scriptkiddie44 @ May 31 2020, 09:26 AM)
How do I find the QQQ ETF without the high withholding tax?
I only see EQQQ BVME / LSE on IBKR for EQQQ is this 2 having lesser withholding tax?
Anyone can advise?
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Correct, EQQQ is domiciled in Ireland so WTH is 15% compared to QQQ 30%

https://www.justetf.com/en/find-etf.html?qu...&sortOrder=desc
tadashi987
post Jun 1 2020, 10:33 PM

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QUOTE(scriptkiddie44 @ May 31 2020, 08:12 PM)
Is is EQQQ:LSEETF ticker? or which ticker symbol you go for?
EQQQ only having EQQQ:BVME and EQQQ:LSEETF on IBKR
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u see the ETF EQQQ naming is same so they are same ETF, just they're listed in different exchanges

Borsa Italiana (BVME)
LSE (London Stock Exchange)

for question of which exchange to go for, up to you, factoring in commission charge of TradeStation is different for different exchange.
i remember BVME is cheaper

QUOTE(zenquix @ May 31 2020, 11:04 PM)
Can't comment as i didn't go for it. the price of EQQQ:LSEETF  looks weird on IBKR though so i won't touch it.
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EQQQ:LSEETF is priced in GBx pence steering (British decimal coins)

so the pricing figure is big

18,800.00 GBx = 188 GBP

if u were to buy EQQQ:LSEETF, just convert to GBP and buy, TradeStation aka IBKR will handle the GBx:GBP hassle without any charge

thou I dont like pricing in GBx, personal preference

This post has been edited by tadashi987: Jun 1 2020, 10:34 PM
tadashi987
post Jun 10 2020, 11:56 PM

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curious to know, do we receive any email or acknowledgement from TSG when the dividend amount is debited into our TSG account?
tadashi987
post Jul 28 2020, 09:46 PM

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QUOTE(freshgraduate2020 @ Jul 28 2020, 09:43 PM)
Should I time the market and wait for a possible election crash?
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dont think anyone could possibly answer this, we ain't have crystal ball here sweat.gif

This post has been edited by tadashi987: Jul 28 2020, 10:45 PM
tadashi987
post Aug 6 2020, 12:21 AM

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not sure if anyone here opened TradeStation Global (TSG) joint account after personal account?
tadashi987
post Aug 9 2020, 11:59 PM

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QUOTE(pigscanfly @ Aug 9 2020, 11:52 PM)
Which stock exchange charges lower clearing fees? Any advantage to purchase ETF on XETRA vs LSE? I heard LSE charges stamp duty.
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not sure on clearing fee, i dont think i paid any clearing fee on US stocks, just brokerage fee, through TradeStation Global
brokerage fee is different charging from TradeStation Global on different exchange

u can check the charging from their website

https://www.tradestation-international.com/...0-6ebf4fb9-d1f9

This post has been edited by tadashi987: Aug 10 2020, 12:11 AM
tadashi987
post Aug 24 2020, 08:00 PM

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QUOTE(freshgraduate2020 @ Aug 24 2020, 12:10 PM)
It is scary to invest at so high price. I know it's wrong to time the market. But it's just scary for me... Idk how to describe that.
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if u practise long term DCA there is nothing to be scared
tadashi987
post Nov 28 2020, 06:25 PM

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QUOTE(squarepilot @ Nov 28 2020, 04:12 PM)
0.75% annual management fee for an active ETF that is what i read on their website. true?
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yeap
tadashi987
post Nov 28 2020, 07:40 PM

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QUOTE(alexkos @ Nov 28 2020, 07:07 PM)
kuat mahal....fun manager eat all
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if fund A give u 8% percent return, management fee 0.25%
fund B give u 20% percent return, management fee 0.75%

u do the math cool2.gif
tadashi987
post Nov 29 2020, 09:58 AM

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QUOTE(alexkos @ Nov 29 2020, 05:42 AM)
Wah... 70% some more! So whr do I sign up? I ask 50% per year enough
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https://www.fsmone.com.my/funds/tools/facts...c=global-search

merely for ur reading
tadashi987
post Nov 30 2020, 12:40 AM

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QUOTE(rozack @ Nov 29 2020, 11:13 PM)
Hmm but the news are prompting that Cathie may face hardship next year due to the current takeover battle, a bit uncertain, however, I lean towards the positive side of Cathie staying but not guarantee though.
Let see how market react to it, i think i would just keep holdings tongue.gif
tadashi987
post Jan 5 2021, 09:03 AM

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QUOTE(dattebayo @ Jan 4 2021, 03:21 PM)
what's the difference of trading via foreign platform vs local brokerage houses?

currently using AffinHwang CQ trading platform for foreign counters
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I think is the cost issue? trading or transacting using local brokerage house the fx convert and transactional charge is much higher?
tadashi987
post Mar 8 2021, 11:42 PM

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QUOTE(thecurious @ Mar 8 2021, 10:07 PM)
Do you use any tools online to compare the ark funds vs sp500? trying to find something that can do that but so far didnt find any for side by side comparison.
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what do you wnat to compare? if graph u can use trading view

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