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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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honsiong
post Mar 7 2019, 09:09 PM

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How safe are these brokers not located in Malaysia, in case they disappear how do we seek legal help?

I guess that's my main concern so far, not just cost, coz if captrader cabut then GG.
TSalexkos
post Mar 7 2019, 09:11 PM

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QUOTE(honsiong @ Mar 7 2019, 09:09 PM)
How safe are these brokers not located in Malaysia, in case they disappear how do we seek legal help?

I guess that's my main concern so far, not just cost, coz if captrader cabut then GG.
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ya....captrader say if anything kena, got bla bla bla safety clause with Interactive broker....but no choice if they choose to songlap, our money gg also =(

my fren despite captrader cost advantage, use his international bank (charles schwab) to hoot SXR8.

Result: higher FX + brokerage fee
but every year 0.07% annual fee onward (like me)

i also want cheap, good, safe.... looks like can only compromise =(

This post has been edited by alexkos: Mar 7 2019, 09:11 PM
Ramjade
post Mar 7 2019, 09:12 PM

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QUOTE(honsiong @ Mar 7 2019, 09:09 PM)
How safe are these brokers not located in Malaysia, in case they disappear how do we seek legal help?

I guess that's my main concern so far, not just cost, coz if captrader cabut then GG.
*
They are under IB Label. Anything wrong with them find IB. Not sure how good is IB customer service. IB is protected by US PIDM up to USD200k.

This post has been edited by Ramjade: Mar 7 2019, 09:13 PM
honsiong
post Mar 7 2019, 09:13 PM

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QUOTE(alexkos @ Mar 7 2019, 09:11 PM)
ya....captrader say if anything kena, got bla bla bla safety clause with Interactive broker....but no choice if they choose to songlap, our money gg also =(

my fren despite captrader cost advantage, use his international bank (charles schwab) to hoot SXR8.

Result: higher FX + brokerage fee
but every year 0.07% annual fee onward (like me)

i also want cheap, good, safe.... looks like can only compromise =(
*
Is there a way to have the shares we bought really under our name, like CDS/CDP system, so we are less affected by anything hitting our brokers.
TSalexkos
post Mar 7 2019, 09:14 PM

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Ramjade bro more experienced than me actually. Must thank him for helping jaga kedai. I guli only, haha.
TSalexkos
post Mar 7 2019, 09:15 PM

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QUOTE(honsiong @ Mar 7 2019, 09:13 PM)
Is there a way to have the shares we bought really under our name, like CDS/CDP system, so we are less affected by anything hitting our brokers.
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Good also, I try explore that.

If really got personal CDS international, then i transfer my SXR8 shares terus (yes captrader allows transfer positions)
TSalexkos
post Mar 7 2019, 09:23 PM

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ini masa captrader ask alex to bank in (general info)
then need notify another side also (instarem)

when do wiring from instarem to captrader, the latter asks for wiring intention. In other words, you must notify both parties, if not ah, money songlap in between?

So Ramjade is correct. Itu Captrader use IB (see the name Interactive Broker). If captrader gg, maybe can sue IB?

This post has been edited by alexkos: Mar 7 2019, 09:23 PM
hyperzz
post Mar 7 2019, 09:58 PM

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QUOTE(honsiong @ Mar 7 2019, 09:09 PM)
How safe are these brokers not located in Malaysia, in case they disappear how do we seek legal help?

I guess that's my main concern so far, not just cost, coz if captrader cabut then GG.
*
I guess most people are not aware that IB is one of the largest brokers in the world. If IB goes burst, the big banks and financial institutions will be gone too.

From Wikipedia:

QUOTE
IB is regulated by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, the New York Stock Exchange, the Commodity Futures Trading Commission, National Futures Association, Chicago Mercantile Exchange and other self-regulatory organizations. The company is a provider of fully disclosed, omnibus, and non-disclosed broker accounts and provides correspondent clearing services to 200 introducing brokers worldwide. The company serves 483 thousand client brokerage accounts, with US$125 billion in customer equity. Interactive Brokers Group owns 40 percent of the futures exchange OneChicago, and is an equity partner and founder of the Boston Options Exchange.

care89
post Mar 8 2019, 04:11 PM

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For legal help, seek the regulatory bodies in each country you're interested in

For example, if you buy US stocks via IB, and you want to know your legal rights
- they are a member of FINRA https://brokercheck.finra.org/firm/summary/36418
- FINRA has safety nets when brokers that are part of FINRA disappears http://www.finra.org/investors/alerts/if-b...loses-its-doors
- you can transfer stocks from one broker to another with ACATS https://www.interactivebrokers.com/en/softw...tstransfers.htm
TSalexkos
post Mar 8 2019, 07:05 PM

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tq buddies for contributing. Ini gua pun tak tau...haha
tadashi987
post Mar 9 2019, 09:40 AM

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QUOTE(alexkos @ Mar 7 2019, 09:23 PM)
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ini masa captrader ask alex to bank in (general info)
then need notify another side also (instarem)

when do wiring from instarem to captrader, the latter asks for wiring intention. In other words, you must notify both parties, if not ah, money songlap in between?

So Ramjade is correct. Itu Captrader use IB (see the name Interactive Broker). If captrader gg, maybe can sue IB?
*
So you have done your first trade dy? drool.gif come share share ur experience

BTW came across the captrader account opening

Ireland trade seem to have stamp tax?

you might want to put this into ur fee calculation also

https://www.captrader.com/en/account/conditions/

Attached Image

This post has been edited by tadashi987: Mar 9 2019, 09:45 AM
TSalexkos
post Mar 9 2019, 11:35 AM

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QUOTE(tadashi987 @ Mar 9 2019, 09:40 AM)
So you have done your first trade dy?  drool.gif  come share share ur experience

BTW came across the captrader account opening

Ireland trade seem to have stamp tax?

you might want to put this into ur fee calculation also

https://www.captrader.com/en/account/conditions/

Attached Image
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Hehe.. Alex hoot Xetra Germany exchange... So bypass London... No stamp tax

That's why SXR8 wins

This post has been edited by alexkos: Mar 9 2019, 11:36 AM
tadashi987
post Mar 9 2019, 12:06 PM

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QUOTE(alexkos @ Mar 9 2019, 11:35 AM)
Hehe.. Alex hoot Xetra Germany exchange... So bypass London... No stamp tax

That's why SXR8 wins
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I came across a brokerage call FirstTrader which offer zero commission trade, but sadly they dont accept Malaysian shakehead.gif
TSalexkos
post Mar 9 2019, 12:52 PM

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QUOTE(tadashi987 @ Mar 9 2019, 12:06 PM)
I came across a brokerage call FirstTrader which offer zero commission trade, but sadly they dont accept Malaysian  shakehead.gif
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Racist... Which country? Boycott them!
tadashi987
post Mar 9 2019, 03:08 PM

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QUOTE(alexkos @ Mar 7 2019, 09:05 PM)
hmm, if play absolute figure....later i generate it....

we talk relative figure first, i.e., %

correct me if I'm wrong. Actually SA can be used to hoot SXR8 (ireland domiciled SP500). If yes, then you get the withholding tax 15% only, same as DIY method. So this will be a non-issue.

The only advantage for DIY is no platform fee every year. If SA, every year 0.8% donation to platform.

Alex fast ask google:

https://lazybutintelligentinvesting.wordpre...from-singapore/

FTSE All-World UCITS ETF (VWRD) <---ireland domiciled

VWRD fact check
https://americas.vanguard.com/institutional...ssetCode=EQUITY
cost: 0.25% annual fee

CapTrader has access to VWRD no problem. Actually any international broker can do that also. Just CapTrader alex find cheapest (for initial minimum deposit)
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is SWDA , CSPX tradeable on CapTrader, any place for me to check what ETF can be purchased on CapTrader? i tried their demo account cannot login at all sweat.gif

This post has been edited by tadashi987: Mar 9 2019, 03:15 PM
TSalexkos
post Mar 9 2019, 04:14 PM

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QUOTE(tadashi987 @ Mar 9 2019, 03:08 PM)
is SWDA , CSPX tradeable on CapTrader, any place for me to check what ETF can be purchased on CapTrader? i tried their demo account cannot login at all  sweat.gif
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Hmm... Captrader go with exchanges....

Itu swda cspx see list which exchange... Then hoot that...

Cspx if not wrong return LSE exchange which I avoid...

TSalexkos
post Mar 9 2019, 04:35 PM

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TSalexkos
post Mar 9 2019, 04:36 PM

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tadashi987
post Mar 9 2019, 04:41 PM

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QUOTE(alexkos @ Mar 9 2019, 04:35 PM)
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QUOTE(alexkos @ Mar 9 2019, 04:36 PM)
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rclxms.gif rclxms.gif thx dude
TSalexkos
post Mar 9 2019, 06:16 PM

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QUOTE(tadashi987 @ Mar 9 2019, 04:41 PM)
rclxms.gif  rclxms.gif  thx dude
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U r welcome... If u see lseetf... It means London.... So will kena stamp tax oh... Careful ya

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