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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
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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.
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TSalexkos
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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. 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
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Ramjade
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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
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honsiong
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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.
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TSalexkos
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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.
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TSalexkos
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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. Good also, I try explore that. If really got personal CDS international, then i transfer my SXR8 shares terus (yes captrader allows transfer positions)
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TSalexkos
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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
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hyperzz
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Mar 7 2019, 09:58 PM
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Getting Started

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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.
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care89
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Mar 8 2019, 04:11 PM
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New Member
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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
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TSalexkos
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Mar 8 2019, 07:05 PM
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tq buddies for contributing. Ini gua pun tak tau...haha
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tadashi987
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Mar 9 2019, 09:40 AM
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QUOTE(alexkos @ Mar 7 2019, 09:23 PM)  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?  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/
This post has been edited by tadashi987: Mar 9 2019, 09:45 AM
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TSalexkos
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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?   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/
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
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tadashi987
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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 I came across a brokerage call FirstTrader which offer zero commission trade, but sadly they dont accept Malaysian
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TSalexkos
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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  Racist... Which country? Boycott them!
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tadashi987
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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=EQUITYcost: 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) 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 This post has been edited by tadashi987: Mar 9 2019, 03:15 PM
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TSalexkos
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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  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...
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TSalexkos
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Mar 9 2019, 04:35 PM
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TSalexkos
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Mar 9 2019, 04:36 PM
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tadashi987
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Mar 9 2019, 04:41 PM
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QUOTE(alexkos @ Mar 9 2019, 04:35 PM) QUOTE(alexkos @ Mar 9 2019, 04:36 PM)  thx dude
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TSalexkos
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Mar 9 2019, 06:16 PM
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QUOTE(tadashi987 @ Mar 9 2019, 04:41 PM)  thx dude U r welcome... If u see lseetf... It means London.... So will kena stamp tax oh... Careful ya
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