Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

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

views
     
Chounz
post Jul 2 2019, 01:57 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
== deleted ==

This post has been edited by Chounz: Jul 2 2019, 02:01 PM
Chounz
post Jul 3 2019, 12:51 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
Hi guys, can check with you all does Sxr8 declare dividend like other spdr or voo? Because I can’t really find any dividend yield online
Chounz
post Jul 9 2019, 01:56 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
Guys, i just done funding for trade station international.
Would like to know moving forward i just use IB website or apps to trade?

Or should use back trade station website?
Chounz
post Jul 9 2019, 07:44 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(alexkos @ Jul 9 2019, 03:00 PM)
Ibkr
*
thank guys.
So basically, just register through trade station, then moving forward all is through IB already.

Wow, just change place register then can enjoy the lower commission fees.

This post has been edited by Chounz: Jul 9 2019, 07:44 PM
Chounz
post Jul 10 2019, 09:23 AM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(Ramjade @ Jul 10 2019, 05:34 AM)
Correction. You are actually paying more for using tradestation.
Reason
1. Pure IB only few cents
2. Tradestation about 2-3 dollars.
*
But my understanding is IB need to have at least USD10 commission per month.
And trade station min commission for a share is USD 1.5.

Can explain further on this?
Chounz
post Jul 11 2019, 12:58 AM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(roarus @ Jul 10 2019, 10:05 PM)
They might have lowered the commission for US exchange, traded a counter (NYSE ARCA) in small amount back in May to cure an itch and was only charged USD1
*
Can check with you. I just use IBKR app under TradeStation account to trade a US stock, but the commission charged is USD 1 instead of USD1.5 (TradeStation minimum fee) got any idea?
Chounz
post Jul 11 2019, 12:59 AM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(alexkos @ Jul 10 2019, 10:38 PM)
hehe,

big budget boy = IB
small fry = tradestation
middle fry = captrader
*
Hahah, I try using TradeStation application, seriously cannot pakai la. iB one is much more better eh
Chounz
post Jul 12 2019, 04:17 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(roarus @ Jul 11 2019, 02:45 PM)
Thanks for testing out as well, which exact exchange did the trade happen? You can see this via Reports > Statements > Trade Confirmation

Perhaps they indeed did lower the rate, but have not updated the commissions table yet.
*

Is in US exchange market.
Based on the tradestation global table should be USD1.5, since i only purchase 10 units (should charge the minimum commission).

USD1 seem like is the minimum commission for IB.
Worry later will kena charge the IB minimum activity fee USD10 cry.gif cry.gif , because all my funding, trade also made through IB mobile app.
Chounz
post Jul 12 2019, 04:19 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(alexkos @ Jul 11 2019, 03:55 PM)
kantoi took so long to open tradestation account. I open tradestation global account, want use their UK facility, but with USD instrument.

Money pergi to citibank NA, with funny personal account number attached just behind citibank account number.

Itu instarem bosong say can't do that, can only wire to citibank.

So now fund stuck, dunno IKBR can detect my fund or not...

already 10 days =(

inb4 GBP 1.5 per transaction or 0.12% whichever higher trap
*
you din use SG account to transfer?
that 1 instantly show in the trade account, super fast 1.
Chounz
post Jul 12 2019, 04:21 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(Ramjade @ Jul 12 2019, 12:40 AM)
You fund it like how you fund normal transaction.
Actually I said already. Think you didn't read.  tongue.gif
*
bro can explain why you say IB is cheaper than tradestation or not?
If really cheaper I want to switch to IB leh, quite impressed with their mobile app and portal.
Chounz
post Jul 12 2019, 06:07 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(Ramjade @ Jul 12 2019, 05:53 PM)
Tradestation underneath is still IB. Only difference is Tradestation does not tiered pricing which gives IB the cheap cost of few cents per transaction.

Using pure IB will incur a monthyly fee of USD10 unless you can furfilled their criteria.
*
Aiya, then okay la. I thought i missed out something...
quite obvious one Tradestation is still IB, even our fund deposit also to IB, login also use IB portal.
Can avoid the monthly fee of USD10 consider save a lot already.
Chounz
post Jul 30 2019, 11:43 AM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(alexkos @ Jul 30 2019, 11:36 AM)
For me, I straight myr to EUR instarem then hoot sxr8... So no need convert...

If want hoot Csp1, I wire myr to gbp instarem.

IBKR inhouse conversion will charge minimum usd2.
*
Hi can straight away EUR/USD instarem to tradestation global/IB account?
Chounz
post Nov 6 2019, 12:16 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
i currently looking at this : BNP Paribas Easy S&P 500 UCITS ETF EUR C (ESE.PA), listed in France, dividend will be reinvested into the ETF.
Current price EUR 12-13 per share, quite cheap also.

Should be able to address the WHT issue?
Chounz
post Nov 6 2019, 02:42 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(dwRK @ Nov 6 2019, 02:11 PM)
Dividends paid to non French residents

Dividends paid to individuals who do not reside in France are subject to a withholding tax at the 12.8% upper rate.

However, regardless of the beneficiary's place of residence, a 75% withholding tax is levied if dividends are paid in a non-cooperative state or territory.(2)

(2) 2018 list of NCST: (this list is updated on a yearly basis): Botswana, Brunei, Guatemala, Marshall Islands, Nauru, Niue and Panama.
*
I think you didn't get my message, the dividend for this ETF will be reinvested in the ETF again.
Meaning, there is no dividend from this ETF, hence, it should not subject to any WHT.

Unless you are saying there is WHT attach to the capital gain subsequently when dispose the ETF.
Chounz
post Nov 6 2019, 04:53 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(roarus @ Nov 6 2019, 02:55 PM)
It's a synthetic fund

Pros:
You can get away with US WHT (assuming France doesn't tax you anything)

Cons:
It holds bunch of random stocks and a contract with an institute like Morgan Stanley to swap for S&P 500 returns. If Morgan Stanley blows up you'd be holding and tracking those random stocks.
*
Ya, still checking on the tax on capital gain in France.
I see, thank for the sharing. thumbsup.gif Feel like synthetic fund a bit not so secure, hmm better go for the physical ETF.
Chounz
post Nov 6 2019, 05:38 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(dwRK @ Nov 6 2019, 04:03 PM)
You better check how div & wht & reinvestment work again wink.gif
*
maybe you can enlighten me on this?
guess this is the purpose of forum right? to share the knowledge.
Chounz
post Nov 6 2019, 05:53 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(moosset @ Nov 6 2019, 04:14 PM)
This is not correct lo .... the SXR8 that we talked about also auto reinvest, still got withholding tax.

If don't want WHT, then don't declare dividend like Warren B. If declare, sure tax, doesn't matter auto re-invest or not.
*
I don't get it, if it is accumulating ETF, since there is no dividend declare, how can we kena WHT?
I thought the accumulating ETF should work the same way like Warren B?

Even if there is WHT, should on the ETF level right (since the ETF is the one receiving the dividend from the US companies).
Chounz
post Nov 8 2019, 03:10 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(roarus @ Nov 6 2019, 08:51 PM)
For example iShares ETF S&P 500 would hold Apple shares. Apple would pay out dividend to iShares. Those dividends are taxable even though it is not distributed to ETF holder.

Berky is different in a way that it is a holding company and not fund manager. It has controlling rights to stocks it invests in and employs tricks like share swaps, parking assets under various sub entities like the insurance companies it owns to be tax 'efficient'. BlackRock iShares won't be able to do employ such creative tricks since the stock shares are ringfenced by trustees
*
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?


Chounz
post Nov 8 2019, 03:15 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(-CoupeFanatic- @ Nov 8 2019, 12:45 PM)
alright cool smile.gif

but how do we know if tradestation global is really holding the assets on behalf of us? Or do we just need to take their word for it?

if they gg, our money also gg?

also, is the 7k hoot on tradestation global more cost effective than the 18k hoot on captrader?
*
i think need to see whether they got any protection or not.

Tradestation global using IB and IB is under SIPC (something like PIDM for Malaysia Bank), according to SIPC website the limit of SIPC protection is $500,000, which includes a $250,000 limit for cash and no requirement that a customer reside in or be a citizen of the United States. A non-U.S. citizen with an account at a brokerage firm that is a member of SIPC is treated the same as a resident or citizen of the United States with an account at a SIPC member brokerage firm.

So as long dont invest more than USD500k should be quite safe la tongue.gif

This post has been edited by Chounz: Nov 8 2019, 03:15 PM
Chounz
post Nov 11 2019, 03:22 PM

Getting Started
**
Junior Member
97 posts

Joined: Mar 2011
QUOTE(Ramjade @ Nov 9 2019, 12:24 AM)
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
If you worry go study their finances. When they have no debt what is there to worry. They are publicly listed  tongue.gif
*
Yaya, like i mentioned in my post.
I know anyhow will kena WHT (either at ETF level or investor level). But i want to avoid kena twice only.
i.e. if non-US ETF declare dividend, i will be kena twice right?

Based on my research capital gain in Irish shares by non-Irish resident is not taxable right?

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0203sec    0.70    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 01:55 PM