Welcome Guest ( Log In | Register )

9 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
Ramjade
post Nov 5 2019, 07:20 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Nov 5 2019, 06:47 PM)
Btw, have we established that 15% WHT for Irish domiciled S&P500 ETF is better than the US ETF for us non-US residents??
I am sadly quite OCD about the currency of the ETF. sad.gif
*
See here.
https://forum.lowyat.net/index.php?showtopic=4856464&hl=
Ramjade
post Nov 6 2019, 11:40 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


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?
*
What's so confusing?
If you buy US stocks/US domiciled ETF, get ready to pay 30% tax on dividend.
If you buy ireland domiciled ETF 15% tax.
If you buy UK/HK stocks is tax free.
if you buy china company listed on HK, you pay 10% tax.

Keep it simple. smile.gif

This post has been edited by Ramjade: Nov 6 2019, 11:46 PM
Ramjade
post Nov 9 2019, 12:24 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(Chounz @ Nov 8 2019, 03:10 PM)
Even the ETF domiciled in US also kena tax when US company pay dividend?

My understanding is:
US company pay dividend to US ETF (no tax), but US ETF pay dividend to us (30% WHT)
US company pay dividend to non-US ETF (15% WHT), if non-US ETF pay dividned to us (15% WHT)
US company pay dividend to non-US ETF (15% WHT), if non-US ETF accumulated dividend (no tax)

Any sifus can share a bit?
*
Wrong.
US company pay dividend to non-US ETF (15% WHT), if non-US ETF accumulated dividend (15% tax already included into price)
- cannot run away unless you are US citizen. Then you kena capital gain tax devil.gif

QUOTE(-CoupeFanatic- @ Nov 8 2019, 04:58 PM)
I see, thanks thanks. i guess small fry like me just worry too much when though only small amounts of money involved.
*
If you worry go study their finances. When they have no debt what is there to worry. They are publicly listed tongue.gif
Ramjade
post Nov 9 2019, 01:34 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(simplesmile @ Nov 9 2019, 01:28 PM)
May I know why the recommendation is TradeStation?
Why not use IBKR directly?
If using IBKR, is it better to use IBKR US or IBKR EU?
*
You get charged USD10/month by IBKR directly if
1. You have less than USD100k with them
2. If your trade commission is < USD10/month.

Tradestation and tradestation global is different thing. No such condition if we go by tradestation global. We all miskin.

This post has been edited by Ramjade: Nov 9 2019, 01:35 PM
Ramjade
post Nov 13 2019, 12:46 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Nov 13 2019, 12:27 AM)
is there any other fees involved? Like exchange fees, clearing fees, VAT etc?
*
Exchange fees, clearing fees all practically negligible amount to few cents. As long as is listed you have to pay the exchange the fees no matter what counter you are buying. There's no running away from clearing fees impose by the exchange.

This post has been edited by Ramjade: Nov 13 2019, 12:48 AM
Ramjade
post Dec 3 2019, 01:12 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Dec 3 2019, 12:31 AM)
wah.... one day dropped about 4.5%!!
*
What drop?
Ramjade
post Dec 3 2019, 05:00 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Dec 3 2019, 02:43 AM)
SXR8... now has recovered slightly ....
*
Learn to embrace drop in market price. I love it once discount is significant.

This post has been edited by Ramjade: Dec 3 2019, 05:01 AM
Ramjade
post Dec 13 2019, 10:29 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Dec 13 2019, 10:20 AM)
I just noticed that there's S&P500 ETF in S'pore stock exchange.

Why not just buy this one instead of SXR8?
*
Very bad liquidity.
You need to see domiciled of fund. Safest bet is still Ireland. Sometimes buying s&p500 etf say from HK also can kena 30% tax in dividend.
Ramjade
post Dec 13 2019, 12:42 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(zerolord @ Dec 13 2019, 11:34 AM)
I had been following the thread for a few days, I'm staying in SG, thinking to hoot CSPX instead of SXR8, caused it's in USD, the account I'm opening with TD Ameritrade will be in USD, so if I buy EUR staff, I will need to exchange twice, SGD -> USD -> EUR, rugi, right?
Now waiting account opening to be completed, once done I will dump in my first deposit. Wish me luck!
*
TD Ameritrade only let you to buy from US market.
Ramjade
post Dec 13 2019, 02:16 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(zerolord @ Dec 13 2019, 01:47 PM)
Will update once my account is opened. If really cannot then I will go IBKR, but kena pay their inactive fee until I have 100k...
*
Read from page. Use whitelabels. No need for inactive fees.
Ramjade
post Feb 1 2020, 07:48 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(Agent 592 @ Jan 30 2020, 05:26 PM)
We can transfer fund from Malaysia to tradestation through instarem, how about transfering back from tradestation to malaysia?
*
Can. But very expensive. Multiple layers of fees from US -> intermediate bank-> Malaysia banks.

Sometimes intermediate banks have 2 banks. So as you can see the each bank mark up the fees, you do the maths.
Ramjade
post Feb 7 2020, 05:47 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(Agent 592 @ Feb 6 2020, 04:44 PM)
If that is the case what would be the best/cheapest way to transfer money back? Have gone through the forum, mostly just touching on transfering money TO US, not FROM US.
*
If you already have interactive broker, then best choice is singapore bank account. Interactive broker is real time exchange rate.

Once you get back sgd, use transferwise or cimb sg (cheaper) to bring money back.
If you have access to instarem sg, use that. Their rates can be cheaper than cimb sg sometimes.
Ramjade
post Feb 9 2020, 07:26 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(catchmeifyoucan @ Feb 9 2020, 05:40 PM)
So what's the best way to withdraw our investment in the future?
*
Aim super long term. Only bring back money when you are ready to being back. Not at your own convenience. Think of it as one way ticket once youroney overseas.

How I intend to bring back money to Malaysia (which I don't intend to do at all).
Interactive broker -> Cimb sg -> Malaysia
Ramjade
post Feb 9 2020, 11:40 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(kart @ Feb 9 2020, 10:56 PM)
I have some questions about opening a trading account in TradeStation Global.
1) Referring to https://www.tradestation-international.com/...unt-new-client/, TradeStation Global requires the following supporting documents, for account application.
a. ID card or passport
b. Proof of address: Utility bill, bank statement or similar
I do realize that https://www.tradestation-international.com/...6-555d25f7-3fe6 does list some examples of supporting documents, but the examples may not be suitable in Malaysian context.
Normally, for us Malaysians, can we submit our scanned image of our MyKad (crossed with 'for TradeStation Global only'), first page of our handphone bill (showing our address) or the statement of our savings account (showing our address)?
2) Did you insert Offer Code in the online application form in TradeStation Global?
Thank you for your clarification. smile.gif
*
1. That's what I did. I think there is a rumour here that they don't accept Malaysian IC anymore.
Cause something about our IC got signature which they thought was outs but actually belongs to Ketua JKN or something. I just give them my IC, bank statement, a picture of my signature, income tax statement. All cross out with application of trade station global except income tax as it's in PDF. Just make your the address match your IC.

2. Can forget about referral code. It's practically useless.
Ramjade
post Feb 14 2020, 07:16 AM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(MNet @ Feb 13 2020, 10:25 PM)
From the transferwise, I not able to transfer the fund to my IB.
When I emailed to transferwise support, they say unable to use it to fund broker account. Is it true?
*
For USD confirm it's true. Other currency don't know and don't care.
Ramjade
post Feb 20 2020, 08:37 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(dwRK @ Feb 20 2020, 07:50 PM)
... waiting for recession to whack all in

my stocks no stoploss...chill & collect dividend only
*
Same here. Can't wait for recession. My cash getting too big.

QUOTE(moosset @ Feb 20 2020, 07:57 PM)
question, if you have a stock that pays no dividend like Amazon, would you use a stop loss?

because if it goes down and you didn't lock your profit, then really rugi, no? and no dividend somemore.
*
I will just add more.
Ramjade
post Feb 20 2020, 08:38 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(dwRK @ Feb 20 2020, 07:50 PM)
... waiting for recession to whack all in

my stocks no stoploss...chill & collect dividend only
*
Same here. Can't wait for recession. My cash getting too big.

QUOTE(moosset @ Feb 20 2020, 07:57 PM)
question, if you have a stock that pays no dividend like Amazon, would you use a stop loss?

because if it goes down and you didn't lock your profit, then really rugi, no? and no dividend somemore.
*
I will just add more.
Ramjade
post Feb 20 2020, 09:08 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Feb 20 2020, 08:39 PM)
not sure what makes me sleep better. sad.gif
true, however, wouldn't it be better to have the trailing stop loss activated, auto liquidate your position and buy again at the bottom?
*
You need to find your own style. Don't follow people.
You can never catch bottom.

This post has been edited by Ramjade: Feb 20 2020, 09:09 PM
Ramjade
post Feb 24 2020, 05:42 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Feb 24 2020, 05:25 PM)
is it time to top up now?
*
Depends. If you regularly DCA then yes.
If you like 1% drop like that by all means.
If you are like me wanting a 10-20% drop you wait.
Ramjade
post Feb 24 2020, 06:09 PM

20k VIP Club
*********
All Stars
24,333 posts

Joined: Feb 2011


QUOTE(moosset @ Feb 24 2020, 06:01 PM)
waiting while holding cash?  hmm.gif
*
Of course. Cash is King in times of sales. No cash cannot capitalised on sales provided by Mr Market.

This post has been edited by Ramjade: Feb 24 2020, 06:10 PM

9 Pages « < 2 3 4 5 6 > » Top
 

Change to:
| Lo-Fi Version
0.0429sec    0.61    7 queries    GZIP Disabled
Time is now: 1st December 2025 - 08:27 AM