Hi all, I have a special case here.

I have a friend in US that needed my help to settle his house loan here at RM 12,000, this is to avoid forex charge.

So now I planned to invest into S&P 500 and have read about it in the 1st post and also most of the post here.

Is currently the best method?

1. Create Transferwise (Understand they will asked for proof of transfer)
2. Create an IBKR account
3. My friend will transfer the USD with the value of RM 12,000 to my Transferwise directly from US
4. From Transferwise then transfer to IBKR account
5. from IBKR account buy my preferred S&P500 counter under IRL domicile.

Understand currently got ARKK too, but i am not too sure wanna invest this or not. So for now i will be focusing on S&P 500

And I also aware that the Fed planned to raise interest 3 times this year depending on the inflation rates, so I am not sure now is the right time to enter or not. Seek for the kind advice.

Thank you

This post has been edited by MasBoleh!: Jan 15 2022, 01:17 AM

Anyone can advice please?