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 Interactive Brokers (IBKR), IBKR users, welcome!

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AthrunIJ
post Mar 10 2022, 08:05 PM

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IBKR sent 2 same email asking if my email belongs to me and will I be trading using that account.

Last month and this month .

Odd 🤔👀

Edit
Account approved!!! Now waiting for Singapore bank account approval. 👀👀

This post has been edited by AthrunIJ: Mar 11 2022, 06:47 PM
AthrunIJ
post Mar 12 2022, 12:26 PM

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QUOTE(Zephyral @ Mar 12 2022, 10:01 AM)
Hi there, I was wondering what is the better online trading platform for those whose most of the portfolio is just buying and holding?

Both local and global. I am looking at IBKR but not sure if it is cost effective for those like me who is just looking to hold for the longer term with low trading volume.

thanks in advanced
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So far for US based stock then ibkr has the lowest fee to non usa citizen and has no more inactivity fee.

Others then you might need to check its fee with other broker.

Choose the tiered fee if low trading volume and buying USA stocks as what I understand 👀
AthrunIJ
post Mar 13 2022, 04:06 PM

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QUOTE(Toku @ Mar 13 2022, 04:04 PM)
From what I understand , US based stock is best trading with TD Ameritrade SG. Zero fee. No inactivity fee and min balance.

For other markets, yes, ibkr has the lowest fee.
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They only trade USA stocks If I am not mistaken and long ass approval period.

But your choice actually.

Ibkr has world wide market as far as I know.
AthrunIJ
post Mar 13 2022, 06:41 PM

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QUOTE(sgh @ Mar 13 2022, 05:53 PM)
For SGX HKEX or even China A shares it is best to scout around do not everything use one broker. In investment diversification is impt and for me broker diversification also impt. We never know if broker go ahem. E.g Lehman brothers, Arthur Anderson former one of the big five accounting firm all big name also can fall so have some backup IMHO
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Yep, when I want to but for now. I prefer to keep under 1 broker for international for now.
AthrunIJ
post Mar 14 2022, 10:06 AM

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QUOTE(Toku @ Mar 14 2022, 09:56 AM)
Depends on what you want actually. Since your original post is talking about lowest fee on USA trading, just want to let you know TD Ameritrade SG is better than ibkr. If you prefers convenience, ibkr is the way to go.
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I don't mind paying Abit for convenience. So ibkr is for me.
AthrunIJ
post Mar 31 2022, 05:57 PM

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Well, my Maybank Singapore bank approval is still pending.

Anyways, is it possible to just straight transfer from Wise to IBKR?

Anyone has a tutorial on how to do it, and any thing to take into consideration?

This post has been edited by AthrunIJ: Mar 31 2022, 05:58 PM
AthrunIJ
post Mar 31 2022, 07:50 PM

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QUOTE(dwRK @ Mar 31 2022, 07:27 PM)
look for zeit's video... is also few pages back...
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O.o thanks
AthrunIJ
post Apr 1 2022, 12:02 AM

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QUOTE(cucumber @ Mar 31 2022, 11:49 PM)
Sure many here are transferring using Wise, myself included. Ziet's YouTube channel got a step by step tutorial.

Pretty straightforward and simple really.
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Hmm, just need ti keep the receipt as proof should the need arise and basically time.

While waiting for the bank approval, might as well start investing.

Though the dividends will be kept in IBKR or straight bank in to your bank account?

Fingers cross. Deposited via wise and wait for it to be shown in IBKR.

Thanks

This post has been edited by AthrunIJ: Apr 1 2022, 07:52 AM
AthrunIJ
post Apr 1 2022, 10:21 AM

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QUOTE(kmmsa @ Apr 1 2022, 10:02 AM)
first deposit takes like a week (they receive but then hold it for 7 days). after that its super fast 1 day can reflect!
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O, noted. Thanks for info

Probably hold off on blasting their cs. 😆🤣
AthrunIJ
post Apr 1 2022, 06:38 PM

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O.o, quite fast for wise.

Already credited to IBKR.

Now to wait for bonus and EPF withdrawal to fund more.

😆

This post has been edited by AthrunIJ: Apr 1 2022, 06:38 PM
AthrunIJ
post Apr 2 2022, 01:04 PM

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Just want to confirm. As I am planning to buy VUAA and I checked the opening time of LSE is 8am GMT


So Malaysia time is 1600 GMT+8 right?
AthrunIJ
post Apr 2 2022, 01:44 PM

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QUOTE(Hoshiyuu @ Apr 2 2022, 01:25 PM)
Yes, but the first hour of market open is generally volatile and I personally avoid it, and while VUAA is an Ireland domiciled fund traded on LSE, all it's underlying asset is actually US, so I'd personally recommend you to put your order out after ~11pm Malaysia time, where VUAA will have better tracked price.

Feel free to correct me if I am mistaken.
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Err, if you don't mind explaining the after 11pm Malaysian time thingy?

I am new to this international stock buying thingy. 😅
AthrunIJ
post Apr 2 2022, 02:23 PM

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QUOTE(Hoshiyuu @ Apr 2 2022, 02:10 PM)
Okay so, I am going to use some likely wrong words here and poorly explain it, so the resident stock sifus may want to correct me:

You are buying an ETF, which is a basket of stocks. So it has two values, a Market Value (The value of the ticker, the price you buy and sell it) and Net Asset Value, which is the sum of all the stock value under the ETF.

Market Value is determined by the traders but mostly market markers (they provide liquidity to anchor the price close to NAV) while the underlying stocks value is determined by traders who trade them. Hence inevitably, there will be difference in these values, we call them Premium and Discounts (e.g. SP500 all share prices total up for 500 for example, but the ETF currently is trading at 480, so you got a $20 discount if you bought it at that time)
Now, market maker try to keep these value as close as possible, to minimize what we call tracking errors.

Further reading: https://www.vanguardmexico.com/en/learn/exp...-discounts-work

So, when you buy VUAA when US market is not open, you are exposed to tracking error - the price you are paying, may not accurately reflect the real value of the underlying stocks. This could be good, could be bad, could mean nothing. It's just something to keep in mind.

You can see the tracking error by checking the fund's page NAV information, and overall tracking error reported in the fund's annual report usually.
user posted image
user posted image
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Wew, nice. I actually understood it from your explanation.

I got some reading to do.

Thanks!!! 👍

This post has been edited by AthrunIJ: Apr 2 2022, 02:30 PM
AthrunIJ
post Apr 6 2022, 06:21 PM

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Well just when gonna have fund to invest soon. USD forex rate increased...😭

Hopefully drop during the transfer time. 😆

This post has been edited by AthrunIJ: Apr 6 2022, 06:22 PM
AthrunIJ
post Apr 7 2022, 10:57 AM

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QUOTE(Davidtcf @ Apr 7 2022, 10:20 AM)
now you know how weak is our MYR... better to invest in countries with strong currency.
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O well. Better late than never.
AthrunIJ
post Apr 21 2022, 10:25 AM

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QUOTE(Lon3Rang3r00 @ Apr 20 2022, 08:37 PM)
When you're about to transfer your money then you notice the spike in the conversion rate. I thought it's a mistake and google it... Ouch MYR depreciate.

user posted image
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I feel you buddy.

Still waiting for my EPF withdrawal. I predict it will go up again...


AthrunIJ
post Apr 21 2022, 10:39 AM

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QUOTE(Davidtcf @ Apr 21 2022, 10:34 AM)
one of the reasons why I invest less in Bursa.. keep see our ringgit depreciate  sad.gif
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Yeah soon will slowly transfer some to IBKR.

I would keep some in bursa for local withdrawal during very emergency cases, same goes for stashaway.


AthrunIJ
post Apr 21 2022, 11:30 AM

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QUOTE(Lon3Rang3r00 @ Apr 21 2022, 11:15 AM)
I can't wait, since EPF withdrawal already approved, I'll just transfer using my emergency fund to SG first, after that transfer to IBKR. The fund should allow me to continue DCA for another 3 months.
Meanwhile for Bursa, Since I'm using Rakuten Trade, just reinvest the dividend i got + topup to Rm999 to maximize de Rm7 fee.
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I don't have the balls to touch my emergency funds... Too many bad experiences during the younger days. 👀

All Ze best to you bruh
AthrunIJ
post Apr 21 2022, 12:01 PM

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QUOTE(Davidtcf @ Apr 21 2022, 11:49 AM)
yea safe stocks like Maybank, REITs ok to invest in.. need careful if invest in Bursa as got many goreng2.. pump up price then suddenly mass sell.
lack of foreign investors also can cause this.
especially those lesser known stocks.
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That is basically my portfolio haha.

So far so good minimal lost during covid
AthrunIJ
post Apr 21 2022, 12:38 PM

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QUOTE(Lon3Rang3r00 @ Apr 21 2022, 12:17 PM)
sweat.gif I also keep Maybank share, reinvest when the stock price is low.
Now just need to control my itchy hand, can we set a recurring purchase where IBKR can help auto buy at market rate every end of the month?
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Not sure as I am still a beginner at IBKR.

Need to ask the sifus here. 👀

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