Bacalah “你能吗" in the attached pdf. Good luck!

Any etoro ppl here?...



Etf 0.09% commission
US stocks 0% commission
Withdrawal fee $25

Can try ambank bond fund also. Asnb is quite unique for Malaysian. U won't lose principal in Asnb fixed price, that fulfills one major point of bond (security)

More concise answer - decision would be depending on:
i. How much one would periodically like to invest (CapTrader vs TradeStation Global decision)
ii. If one readily holds EUR/GBP/USD currency and can transfer over (EUR/GBP/USD denominated fund decision)
iii. If one believes S&P500 will continue to outperform others like Nikkei and Euro indexes (just throwing a curveball)

1.  monthly USD 1k.
TradeStation Global (https://www.tradestation-international.com/pricing/):
USD denominated: 0.12% or minimum USD1.91-1.95 (GBP1.5 equivalent) ~USD1,590 before 0.12% exceeds GBP1.5 equivalent
EUR denominated: 0.12% or minimum EUR1.71 ~EUR1425 before 0.12% exceeds EUR1.71

CapTrader (https://www.captrader.com/en/account/commissions/)
0.1% or EUR2 - 4 depending on exchange. No mention of USD denominated listed on London Stock Exchange

2. holds readily USD and EUR. For now, I avoid GBP. Really don't know what's gonna happen after Brexit.
Both can accept USD (Citibank NY) or EUR (Citibank Germany).

Doesn't matter if you have a USD S&P500 fund mixed with EUR S&P500 fund. Once you've paid for units of a fund you're holding the value the underlying companies instead of denomination currency.

If you're OCD enough you can spend USD2 (TradeStation) to convert and buy only 1 denomination fund. CapTrader conversion fee depends on which currency you're selling (https://www.captrader.com/en/account/commissions)

3. I think I'll choose S&P500 and Euronext 100. Ratio 9:1.
Won't comment on allocation, everyone has a preference/region specific bet.

You can go crazy with the ETF screener here:
https://www.justetf.com/en/find-etf.html?groupField=index

From there you can copy the ISIN code and look it up in https://www.investing.com and check out the cross listing on other exchanges + other info like denomination and volume

If it's domiciled in Ireland + physical replication + issued by iShares/Vanguard/SPDR it's safe enough. I have personal preference of accumulating funds

If you're OCD enough you can spend USD2 (TradeStation) to convert and buy only 1 denomination fund. CapTrader conversion fee depends on which currency you're selling (https://www.captrader.com/en/account/commissions)

3. I think I'll choose S&P500 and Euronext 100. Ratio 9:1.
Won't comment on allocation, everyone has a preference/region specific bet.

You can go crazy with the ETF screener here:
https://www.justetf.com/en/find-etf.html?groupField=index

From there you can copy the ISIN code and look it up in https://www.investing.com and check out the cross listing on other exchanges + other info like denomination and volume

If it's domiciled in Ireland + physical replication + issued by iShares/Vanguard/SPDR it's safe enough. I have personal preference of accumulating funds

Euronext 100 should be all in EUR...

...and If super OCD... then need to consider hedging currency drop also... assuming wanna repat funds lah...

1) Buying S&P 500 in Euro vs USD - aka buying the same asset using 2 different currencies.[/size]

ETF currency does not matter because it is the NAV of the asset which matters.
However, it does matter if the ETF managers hold cash. Almost all hold a small % of cash depending on the currency.

Furthermore, you should be more concerned about the exchange rate when you decide to liquidate, not when you buy.
As you average down, the currency fluctuations will cause you to buy more units when it depreciates and buy less when it appreciates.
In the long run, you will return to the 'average' exchange rate and it only matters when you sell.

When you sell, the exchange will decide whether you earn more or less. This is very important because it will decide whether your compounded return is higher or lower.
Because of exchange rate, you may make a gain 3% gain in USD terms but a 2% loss in MYR terms.

E.g. 1 USD : 4 MYR, you convert RM1000 into $250 to invest. (Just once, no dollar cost average)
1 year later, your $250 grew by 6% p.a. for 2 years to $280.90 [250 x 1.06^2]

You decide to liquidate, MYR appreciated against USD. 1 USD : 3.5 MYR.
You get back RM983.15 [$280.90 x 3.5]. You made a loss.

Why loss? You put in RM1000 and get back RM983.15.
Your return p.a. is -0.84% [(983.15/1000)^(1/2)-1].

Usually by a few % so it's best to liquidate when MYR is weak not when it is strong. Technically, you should buy more S&P 500 when MYR is strong not weak. 

If on the other hand, MYR depreciates when you liquidate and convert back:

Say, 1 USD : 4.5 MYR. Your investment after 2 years is still $280.90 remember? But when you convert back, you get RM1264.05 [$280.90 x 4.5]
Your return p.a. is 12.4% [(1264.05/1000)^(1/2)-1].

See now currency is more important when you liquidate?

You really shouldn't be. If you go to the airport and buy a box of chocolate and it costs GBP1 / USD1.3 / EUR1.15 it doesn't matter which currency you pay for it - in the end you end up with a box of chocolates, not GBP or USD or EUR.

It's not citizenship but tax residency...and tax treaty or not

1unit

Not sure what you meant but..

Example you have RM1000 to invest every month.
QQQ is USD 200 per unit today. 1 USD: 4.15 MYR.

You convert and get USD 240.96. You can buy 1 unit at USD 200. Means you left USD 40.96 not yet invest. You can use this money to top up with next month.

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.

Reinvesting dividends is the process of automatically using cash dividends to purchase additional stocks of the same company. If you choose to reinvest your dividends, you still have to pay taxes as though you actually received the cash.

Source: Investopedia

On the other hand, if you buy a US-domiciled ETF, dividends are paid to you.

Careful bro must post content ya... If not mod cari I for justification I kantoi.

BTW those interested in more global index than sp500 can lookup EIMI... Emerging market exposure.

But TER 0.18% I dun like....

Yes high yield products. I briefly saw a few usd etfs that's 7-10% so was thinking the dividend more than cover the loan

The second point is instead of taking a usd margin loan at 3%... I take a eur loan at 1.5% and use that to buy usd... so effectively a usd loan at 1.5%. If usd strengthen its in my favor because I'm holding usd.

Sounds simple so I don't know if I'm missing something tbh...