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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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Ramjade
post Feb 28 2020, 07:22 PM

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QUOTE(alexkos @ Feb 28 2020, 06:44 PM)
OH NO MARKET CRASH NOOO RUNNN FIREE SELLLLLLLL
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Moraaar!!!
This is pathetic drop.
Ramjade
post Mar 16 2020, 03:46 PM

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QUOTE(Syncing @ Mar 16 2020, 03:39 PM)
I am able to find their UK/Europe number, but not their general email.
Their support page says to prevent spam, they ask you to send a message over their message center.

Been searching up and down their website to find a single email address  bangwall.gif
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https://www.interactivebrokers.com/en/index...?f=1560&p=email
Ramjade
post Mar 23 2020, 10:35 PM

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QUOTE(carentan @ Mar 23 2020, 10:33 PM)
hi i m new here.
i fed up with malaysia and plan to divert my cash to oversea stock market, such as US and HK.

may i know which platform is better?

i try interactive broker but the fund TT is kind of troublesome.

i have maybank account they charge min 25 usd, 0.4% online and 0.55% offlne

i try to find other options.

and also i hope someone can guide me how to proceed.

i target on US airline company, and semiconductor field.
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Kindly read first page
Ramjade
post Mar 24 2020, 04:28 PM

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QUOTE(SUPERBGEEK @ Mar 24 2020, 04:15 PM)
Hi, just wanna ask, how do you guys buy USA stocks? I have been buying from a remisier and was wondering if there is any platform which I can trade by my own means, planning to do some short term trades to raise a bit of capital. Thanks all!
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Kindly read the first page.
Ramjade
post Apr 13 2020, 11:46 PM

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QUOTE(tadashi987 @ Apr 13 2020, 11:12 PM)
Hi guys, wanna enquire if I am seeing an ETF which has no accumulating class but only distributing.

1) since everyone is recommending accumulating, any drawback to go for distributing?

I try researched online that for accumulating, it saves the hassle as before reinvestment, fund manager will pay the withholding tax for you.

2) Does that means, for distributing there'll be cumbersome that investor would have to pay the witholdings tax on your own?

3) Also, any ones here who bought distributing ETF, can advise dividend will be straight credit into IBKR account? or it will be bank?
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1. None. You received cash and up to you when to buy back. With accumulating even when it's expensive you will be buying.
2. IB automatically minus the tax for you. What you get is already nett tax.
3. IB account.
Ramjade
post Apr 13 2020, 11:55 PM

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QUOTE(tadashi987 @ Apr 13 2020, 11:50 PM)
Thanks, IMHO in that case i would feel that distributing is way better than accumulating thou majority promote accumulating maybe it saves the commission of said straight reinvesting once getting the dividend
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Your choice. You want autopilot take accumulating. If you don't like to buy at expensive price, then go with distributing.
Ramjade
post Apr 14 2020, 12:03 AM

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QUOTE(tadashi987 @ Apr 14 2020, 12:01 AM)
btw Ramjade, for ETF priced in GBp / GBX (pence sterling), if to trade via IBKR, straight change to GBP (pound sterling)?
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Change to GBP first before you can buy.
Ramjade
post Apr 21 2020, 02:22 PM

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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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Of course.
Ramjade
post Apr 21 2020, 02:55 PM

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QUOTE(moosset @ Apr 21 2020, 02:23 PM)
the broker didn't ask me to fill out the form. Do I fill out myself and submit it to them?
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Fill up youtself.
Ramjade
post Apr 21 2020, 10:40 PM

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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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Interactive broker. There's no scanning involve. You have to fill up online.
https://www.interactivebrokers.com/en/index.php?f=1554
Ramjade
post May 2 2020, 02:26 PM

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QUOTE(Syncing @ May 2 2020, 12:44 PM)
With Transferwise borderless account feature now disabled for Malaysia, perhaps will be enabled again one day.

What are the other alternatives to withdraw from IB? I initially thought instarem could receive funds, but I guess only Transferwise.
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Transferwise cannot expect money from IB. Not sure if it's limited to USD or all currency.
Ramjade
post May 2 2020, 07:37 PM

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QUOTE(Syncing @ May 2 2020, 04:16 PM)
For my case it's Euro, and I read that their multi currency account can accept for free. But transferring it back to malaysian account has charges of course. But also I read that Transferwise just recently disabled it.

So I'm wondering what's the next best method to withdraw from IB/Tradestation to my malaysian account.
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None, The only way is exchange to SGD, transfer to SG banka ccount then use fintech or cimb sg to bring the money back. That's the only way to save your money.
Ramjade
post May 3 2020, 01:32 PM

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QUOTE(JaySd @ May 3 2020, 01:08 PM)
Hi All. Newbie Q.

If I buy on NYSE or LSE, as a Malaysian do i get taxed? (eg dividend withholding tax).

+ for long term (retirement fund / dividend accumulation), which global broker would you suggest? I'm trying to minimize the non-trading cost such as inactivity fees.
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You will get taxed no matter where you buy from. The difference is
1. Commision you pay
2. Platform fees
3. Dividend fees
4. Markup exchange rate.

You pay the above if you are using Malaysian brokerage.
Read the first page and read this.
https://forum.lowyat.net/topic/3396549

This post has been edited by Ramjade: May 3 2020, 01:37 PM
Ramjade
post May 5 2020, 02:00 PM

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QUOTE(Julian2103 @ May 5 2020, 09:04 AM)
Hi guys, how about just using Etoro and buying S&P500?
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Etoro is not a broker. You buy using Etoro is using cfd. Is a derivative.
Ramjade
post May 6 2020, 12:13 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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Didn't know that. I always assumed they are cfd broker. Somehow I trust trading 212 more than Etoro.

This post has been edited by Ramjade: May 6 2020, 12:13 AM
Ramjade
post May 6 2020, 09:32 AM

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QUOTE(tadashi987 @ May 6 2020, 05:44 AM)
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
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I will never use Etoro. My options will always be interactive broker or trading212.
Ramjade
post May 16 2020, 12:28 AM

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QUOTE(jas029 @ May 15 2020, 11:39 PM)
with trading 212, are u investing in real stock or etf?

and if so, does the underlying asset u're holding is under ur own name or certain nominees?
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You can choose stock or etf. Up to you.

Of course custodian. You can forget about under own name unless you open a local brokerage in that country (fly there, open account/email and see if they accept you)
Ramjade
post May 16 2020, 12:32 AM

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QUOTE(Soya0883 @ May 15 2020, 11:58 PM)
hi all sifus here, what is the best way to buy us stocks? tq in advance
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Kindly read first page of this thread
Ramjade
post Jun 3 2020, 08:34 AM

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QUOTE(zenquix @ Jun 3 2020, 02:23 AM)
i have been studying the ETFs -  while most recommend going for SXR8 or CSPX, i am personally drawn to and looking at VUSD

https://finance.yahoo.com/quote/VUSD.L?p=VUSD.L

1) irish domicile
2) same 0.07% TER
3) USD denominated
4) LSE - ETF no stamp duty
5) higher volume than SXR8
6) and currently lower price than the other candidates.

the only difference is the dividend is distributing type.

Any comments?
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No difference if distribution or accumulation. Distribution is better cause you can pick what time and amount you invest.
You can buy when it's cheaper.
Ramjade
post Jun 11 2020, 01:49 PM

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QUOTE(tadashi987 @ Jun 10 2020, 11:56 PM)
curious to know, do we receive any email or acknowledgement from TSG when the dividend amount is debited into our TSG account?
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No email.
Just log into your client portal every week. When got incoming dividend they will notify you from there.

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