BigPay got option for USD transfer?

I can only see Philippines (PHP), Indonesia (IDR), Singapore (SGD) and Thailand (THB)

IKBR will recognize receipt or not?

Actually Ibkr doesn't accept funding via debit / credit card... so bigpay is no go

But many tier 2 brokers do...

It's under mastercard...can spend anywhere

But yeah...transfer of funds they list only those

So... myr to bigpay... bigpay to sgd account... sgd account to ibkr... should be doable

Checked for sgd 1000... bigpay still cheaper. Btw need to check for different amounts... some fintech got tiered fees

This post has been edited by dwRK: Oct 18 2019, 06:38 PM

Any etoro ppl here?...



Etf 0.09% commission
US stocks 0% commission
Withdrawal fee $25

Non UK & Aus residents get an account with eToro's entity domiciled in Cyprus. CySec has very weak regulation, home to many dodgy forex and options brokers. Be warned

it's etoro.. what did you expect lol

I think It's more legit than many others lah... at least they pass muster UK & Australia... a lot of companies are incorporated in tax free heavens for obvious reasons

Anyways... Tier 1 brokers are obviously 1st choice

Errr. Guys. How to open Singaporean bank account in Malaysia again? I remember reading it somewhere but can't find.

I remember got Maybank and CIMB options. Anyone know which post?

Cimb fastsaver

Opening a Bank Account in SG

but summary -> CIMB Fast Saver
Maybank iSavvy

so US total bond market index fund is replaced by Amanah saham??

is Amanah Saham better than bond market index?

is etoro better than ibkr?

Can try ambank bond fund also. Asnb is quite unique for Malaysian. U won't lose principal in Asnb fixed price, that fulfills one major point of bond (security)

but bond prices can go up in value, ASNB cannot.

so the potential upside for bonds is higher, no? during recessions when stocks go down, bond prices go up. But ASNB doesn't, dividend might actually go down.

Ya... No choice... Maresia asnb by nature is purely saham... So if want strict bond fund, can buy from fundsupermart also... But their bond fund service charge quite pricy, I no like

Imho no

In recession...US treasuries bond goes up...most of the chapalang bond funds crash also but not as bad. Bonds are not equal...

Bond prices skyrocket near recession or better worded as 'potential recession' because it is deemed as a safer asset.
Most stocks can go bankrupt. Even index like S&P 500 is not spared during recession and can drop >5% in a day.

So, investors flock to bonds which give them a almost 'guaranteed' return although it's low 3%~5% p.a. depending on the bonds.
This 3%~5% p.a. positive return to them is better than losing up to 15%~40% in a recession.

When demand for bonds go up, price of bonds will go up too.
As price of bonds go up, bond yield (coupon/bond price) go down.
Once recession is over or investors think it's over, they will sell bonds and bond price will go down.

If you're a contrarian investor (an investor that goes against the crowd), you will sell bonds and buy stocks or index whenever there is a 'discount'.
The ordinary common investor is afraid and will liquidate stocks and buy bonds nearing recession.

Bond prices change mostly due to interest rates too. By the way, the formula for market value of bond (MVd) is:


If central bank thinks recession is coming, they lower interest rates.
Everything is constant except bond holder's rate of return. When interest rate drop, investors can borrow cheaper hence, kd.BT drops.
When kd.BT drops, MVd.

This is affected by the bond maturity date, n. Longer maturity date means the impact for every 1% change in interest rate is greater.
E.g. if interest rate goes up from 2% to 3%, a bond with 10 year maturity will drop more than a bond with 2 year maturity.

On the other hand, bond prices go down during economic boom because the central bank wants to control inflation by increasing interest rates.

This post has been edited by Yggdrasil: Oct 30 2019, 08:39 PM

asnb & epf... gov ponzi

You may be right, the probability of it is certainly there. But most of us would like to think the opposite way