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Interactive Brokers (IBKR), IBKR users, welcome!
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SUSTOS
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 Oct 14 2023, 07:23 PM
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QUOTE(evangelion @ Oct 14 2023, 06:51 PM) Bro, can share why its better? And how did u manage to get LLC version? Thnx  IBKR SG: 1. Got SG GST 9% 2. No SIPC protection 3. Margin financing rate higher according to Ramjade, for those with margin account You can just pull a ticket with customer service to change to IBKR LLC version. Not a big deal, they will respond to you and you just follow their steps. I converted from IBKR UK to IBKR LLC in less than 2 weeks, if I remembered correctly. |
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SUSTOS
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Oct 14 2023, 09:51 PM
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QUOTE(abcn1n @ Oct 14 2023, 08:02 PM) TOS Why you change from IBKR UK to IBKR LLC? Someone asked me the same question before. I answered it here: https://forum.lowyat.net/index.php?showtopi...ost&p=105981925 |
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SUSTOS
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Oct 16 2023, 11:59 AM
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QUOTE(cybermaster98 @ Oct 16 2023, 11:39 AM) has anybody done a fund transfer from IBKR LCC (US) to Maybank Malaysia? IBKR said the Maybank SWIFT code is insufficient. They need a correspondence bank for Maybank in order to make the trasnfer. Maybank cant resolve this issue for me hence im asking here. You mean you phoned Maybank HK in KL and they still can't tell you who is their correspondent bank? I found this old info by the way: https://forum.lowyat.net/topic/4429618/all not sure if it is helpful. |
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Oct 17 2023, 08:53 PM
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QUOTE(melondance @ Oct 17 2023, 08:45 PM) Correspondent/Intermediary Bank for IBKR (USD): Maybank: Citibank N.A. Hong Leong: J.P. Morgan Hope it helps. I have personally verified both of them. Wow how did you verify when phone calls to branches don't work. Can share some tips to get info?  |
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Oct 17 2023, 09:17 PM
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QUOTE(melondance @ Oct 17 2023, 09:10 PM) I sent my own money from IBKR to those bank Those banks refer to "Maybank/Hong Leong bank" or "JPM/Citi"? 1. If those banks refer to Maybank/HL Bank, unless the staff tells you it's JPM/Citi, otherwise you won't be able to know whether it's JPM/Citi, right? Then you would have ended up like abcn1n's case. 2. If those banks refer to JPM/Citi, (wow HNWI spotted lol), why would the staff bothers to tell you they are correspondent banks to Maybank/HL Bank? Unless you kepo and ask them? |
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SUSTOS
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Oct 17 2023, 09:25 PM
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QUOTE(melondance @ Oct 17 2023, 09:20 PM) I sent my money to HLB & Maybank. Maybank someone posted it before on a blog/guide, verified is working myself. Hong Leong has only 1 correspondent bank listed in IBKR, I also tried and it is working. I tried with 500USD transfer on both of them Ah nice. Can share correspondent bank fees? Should be 10 USD? Pretty sure Maybank and HL Banks will also markup on FX rate and impose additional inward TT fees. |
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SUSTOS
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Oct 18 2023, 07:46 AM
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QUOTE(abcn1n @ Oct 18 2023, 12:10 AM) Why you don't change to IBKR LLC or you can't because using whitelabel? The whitelabel was Tradestation Global (TSG). After IBKR cancelled the 10 USD monthly inactivity fees, many opted to shift to IBKR UK, which is the backend of the whitelabel. Since TSG is based in UK, the backend is automatically IBKR UK. So, Ramjade and I shifted from TSG to IBKR UK, but I took the extra step of shifting further from IBKR UK to US LLC because of the reasons mentioned in my earlier post. There is nothing wrong with keeping your assets with IBKR UK. |
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SUSTOS
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Oct 18 2023, 09:30 PM
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SUSTOS
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Oct 19 2023, 10:06 PM
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Ohh I missed out 2 important company results... Nestle: https://www.nestle.com/media/mediaeventscal...ine-month-sales TakudanRoche: https://www.roche.com/investorsBoth stocks in the red today, so you can guess their earnings... |
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SUSTOS
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Oct 23 2023, 06:53 PM
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QUOTE(Hoshiyuu @ Oct 23 2023, 05:27 PM) I mean... what is your investment horizon? If your son needs the fund in 3 year, keep it out of the market and put it in some safer places. The only situation I can see myself putting my child's study fund in a 100% stock portfolio, however diversified, is that I am going to be having the kid soon and they won't need it in 15-20 years, with a backup plan in case hit by sequence of return risk... even VWRA, the arguably safest, most diversified total stock market etf has a ~25% max drawdown within 10 years. It's easy to ask an A or B question and get an answer, but it's also important to find out if you are asking the right question to begin with. Indeed, if Avangelice knows exactly when he needs the money, US T-bills/notes/bonds will do the work. No need to bother with price going up or down. Just hold till maturity based on today's rate, you can get about 5% p.a. risk-free from USD side, about 3.5% p.a. from SGD side and 3.8-4% p.a. from MYR side. You just need to forecast the future expenses, and discount based on the rates above. You get the present value now, and thus you know how much to buy. |
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Oct 23 2023, 08:11 PM
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QUOTE(abcn1n @ Oct 23 2023, 07:57 PM) Bonds--understand the inverse relationship between price and interest b4 you delve in. Very important. Tons of info in the web. Just need to google it If you goal is buy and hold, the relationship does not matter. Moreover it's government bonds. So no default risk. The relationship matters if you are a trader, day in and day out then your P&L is sensitive to rates. |
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SUSTOS
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Oct 27 2023, 12:41 PM
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For CHF investors: https://www.ft.com/content/f42dc58e-8e5f-43...4f-9f8aeaef6594(Use a paywall bypass plugin to read the article.) |
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Oct 27 2023, 09:57 PM
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SUSTOS
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Oct 30 2023, 08:27 PM
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Nov 1 2023, 04:46 PM
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Nov 2 2023, 04:14 PM
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Nov 3 2023, 07:57 AM
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Looks like Hermes is a better bet than LVMH for serious luxury stock long-term investors. https://www.ft.com/content/c07d84fe-773d-44...14-a4e53c0065f7 |
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SUSTOS
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Nov 5 2023, 08:02 AM
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QUOTE(United Rulez @ Nov 5 2023, 07:54 AM) Anyone knows how long is the de-linking process after verbal verification? Called up and done the verbal verification on (25th Oct 2023 1:30 am, Malaysian time) Till now, doesn't look like there are any changes to my IBKR site. Hi there, some other members reported one week after delinking the IBKR logo will appear. Here's my experience: https://forum.lowyat.net/index.php?showtopi...ost&p=101746228 |
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SUSTOS
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Nov 8 2023, 11:07 AM
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QUOTE(Kamina51 @ Nov 8 2023, 10:44 AM) Just started buying stocks this year. When I wanted to transfer RM3k from my WISE account to my IBKR account, got RM20 fee. Is this fee considered high for you guys? So far I've only used M+Global and Rakuten so not too familiar with which fee is high or low Do the maths: 20/3000*100% = about 0.7% which is of typical Wise fee level now. It used to be 40 basis points (0.4%) years back. The recommended way is to use Moneymatch transfer in one lump sump (after you save some 10-50k MYR) to your SG bank account, then transfer to IBKR so that the fees can be as low as 40 basis points. Of course if you value convenience then Wise's 70 basis points is the way to go. You trade convenience for a lower price and vice versa. No free lunch. |
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SUSTOS
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Nov 8 2023, 04:08 PM
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QUOTE(john123x @ Nov 8 2023, 03:44 PM) I am using WISE because i am comfortable to know that the transaction is instant for Moneymatch, how fast is the transaction speed? Like I say, you trade convenience for lower cost. If you are fine with 70 basis points fees that's fine. Info from Medusfsaid: QUOTE do it on weekday morning. can get around lunch in ur sg bank acct. https://forum.lowyat.net/index.php?showtopi...ost&p=107820493 |
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