after reading, my interpretation is if you have spare $XXX that you don't want to put to stocks, buy T bills in multiples of $3700? then the remainder spare, put into $BIL for further optimisation

Hoshiyuu you are not the only one https://www.reddit.com/r/singaporefi/commen...no_longer_work/

This post has been edited by Medufsaid: Mar 7 2024, 11:56 PM

tested LSE fares by buying

• 1st batch manually @ $xxx.00
  Was charged $1.91, so tallies with my excel calculations (commission + exchange fees + clearing fees)
• 2nd batch via RSP @ same price
  Only charged $1.70, so I guess exchange and clearing weren't charged

both same ETF

This post has been edited by Medufsaid: Mar 12 2024, 01:06 PM

if it's $BABA it's the same ole 30% WHT? while if it's HK Baba (9988.HK) it's 10% WHT?

FinalHistory at $106 monthly, $1.70 in commission fees is 1.6%

I have no straightforward answer for you. Yes the amt is quite little but if market moves 1.6% in that month and you didn't invest, then you missed the boat

actually stashaway don't have Irish domiciled s&p etf. If you really consider stashaway, might as well buy US etf in IBKR at U$0.35. Then once you accumulated RM14,000, sell and rebuy CSPX. My calculations tell me that the $1.70 fee will only increase after the RM14k mark

if 30% WHT, it's a deduction of $1.908 per 1 share of $470.01 $VOO. assuming $CSPX has same dividend, you only save $0.954

Dividend Payout of 1 $VOO	Divident Payout of 1 $IVV

This post has been edited by Medufsaid: Mar 17 2024, 10:06 PM

Try to apply here https://www.cimb.com.sg/en/personal/forms-a.../fastsaver.html

Wise is really expensive. If I transfer RM100k I'll have to spend RM596 in fees. However, if I use Moneymatch, I can easily have a 30% discount on that. It's still worth the effort.

FinalHistory just buy $VOO or $IVV, once you have enough, switch over to $CSPX. let's say you invested U$479.75 or RM2259.62 into VOO, every year you'll get $7.2044 in dividend. that's a deduction of $2.16132, if you bought $CSPX, you'll save $1.08066 (RM5.09) in tax deduction. so you calculate how much $VOO/$IVV you accumulated before selling and buying CSPX

HouLeiiShytt do take note that if you want to open CIMB sg acct, you cannot use Wise anymore. can only do through these

• deposit S$1k from CIMB MY (expensive)
• deposit S$1k from other sg banks

so, unless u are ok with the expensive fees to transfer that S$1k, open a MBB (or OCBC) sg bank acct first. open CIMB sg when you want to transfer back to Malaysia

HouLeiiShytt here you go. the comparisons i made recently. CIMB SG doesn't support DuitNow Overseas Transfer

LostAndFound yea it's a hard decision that i'm happy i've escaped from. either open MBB/OCBC sg, or pay RM3,570.10 to CIMB MY (wise current rate is RM3,539.07)

if you buy <U$6666.66 worth of shares manually, u can let IBKR auto-convert for a fee of 0.03% https://www.reddit.com/r/singaporefi/commen...ibkr_supported/

This post has been edited by Medufsaid: Apr 17 2024, 05:48 PM

when was this? it always took 1 days to appear in CIMB sg. last week i withdraw and no unusual delays. funds came the next day.

btw, do hook up Wire + Local electronic transfer. at least many alternative ways to withdraw out

Avangelice wise is expensive, but credit where credit's due, it has gotten cheaper.

just make sure you convert into your USD balance, then send that out. don't send out MYR to IBRK as you'll have convenience (fixed) fees of RM5.36 added on https://wise.com/my/pricing/send-money?sour...etCcy=USD&tab=0



This post has been edited by Medufsaid: May 6 2024, 01:16 PM

that time it make sense as

• wise charges 0.6%
• money match charges 0.4% for SGD. and IBKR charges U$2 per U$100k converted (if use recurring investment, IBKR provides free service to change SGD->USD)
  
  now it should still be cheaper, but gap narrower

This post has been edited by Medufsaid: May 6 2024, 02:06 PM

damien5119 how much do you DCA? is it RM1 in fees up until RM1,250? and how much is the fees when they convert from RM to USD? 0.4%?

damien5119 i'm asking about FSM conversion.

normally for IBKR, we transfer using remittance companies to CIMB SG, then send it over to IBKR. check the past few pages

for those who use ACH to send USD to IBKR, take note

One time cost assuming you sell to withdraw and use.

If it's sell to buy other stocks (or buy an ETF with lower expanse fee), you'll lose out further