Sold one stock yesterday and end up my account had - negative value.

Then support replied me I’m using cash account only, need wait for the sales to settle first in 2 days before can use the cash. Amount will appear as “Settled Cash”.

First time selling experience this. Could be the buyer using some sort of offline platform.

Just fyi for you in case you’d experience this later.

This post has been edited by Davidtcf: Jan 2 2022, 10:28 PM

So means my account now frozen for 90 days? They got tell me about this when I ask but I’m not sure if they are referring to my account :



From what I gather it means account can be frozen if buy a stock didn’t wait for it to settle, then proceed to sell?

In my case I’m selling (I bought and hold for some time), so now just waiting 2 days to be over to get settled cash. Last Friday sold now is Tuesday. Currently no more negative but the amount is sitting on Cash+ but not appearing in Settled Cash amount yet.

Will update again on status.

edit: so I think I kena this free riding violation thing after reading closely. I admit I got do a trade or two earlier after sell, immediately buy again when able to.. so guess the system picked my habit up and now froze it forcing me to wait for settled cash.

This post has been edited by Davidtcf: Jan 4 2022, 03:39 PM

my account back to normal - the stock I sold back to my account.

yeah after sell best wait 2 days before use that money to trade again.

sounds good.. curious to know what is the rate of converting to USD for their trades.

Rakuten trade will be available to buy US stocks at end of this month. Ziet Invest just made a video:



looks gooood

Make sure you press on "deposit funds" and not something else. Then at ach transfer there click on "get instructions". I just tested doing so no issue similar to ziet video.

You can't claim withholding tax from another country.. only can do so if you're a citizen of that country. Same like Malaysians how we file income tax and claim back those extra paid %.

This applies to US stocks as well with 30% withholding tax for dividends.

For Irish domiciled accumulating is CNDX. But Ziet recommend QQQ. Can watch more here:



This post has been edited by Davidtcf: Feb 5 2022, 10:30 AM

agree, I went and bought some SG REITs right after 2nd day of CNY, then suddenly prices drop like few %. If know earlier would have waited then come in to buy. Sometimes holding for a few days is better.. especially right after 2 days CNY holiday break at the SG stock market.

Morning and evenings are bad times to buy, as that's when many desperate buyers. If sell then it is good time. Middle of the month usually market will cool down also, as people wait for their next salary/income to invest.. most are broke that time.

Next drop for US likely in March this year, as Fed already hinted they might increase interest rates once again. Now stocks are not rallying yet as many are still in red. Good time if you want to accumulate stocks at discount.. but nobody know if they will drop further. Feds might increase multiple times interest rates just to combat inflation @US. What happens in US will affect the rest of the world's stock market.

This post has been edited by Davidtcf: Feb 8 2022, 09:14 AM

wait for Google to split in July 2022 if wanna buy it cheap. It will split 20 meaning 3k/20 = 150USD per stock.

easier to buy and sell whole stocks.. I wouldn't buy fractional also due to this.

If anyone got RM12k to spare, now is a good time to buy Alphabet stocks. Price keep rising ever since they announce 20-1 stock split this coming July.

This post has been edited by Davidtcf: Feb 10 2022, 08:27 PM

Guess not. Stocks dropped 40 points at today’s opening.

Unpredictable market now.

I’m actually interested in China.. knowing how much they are growing. Problem is with Xi Ji Ping a CCP hawk supporting old ways of China dealing with the world - via supremacy and closing up China further.

Examples are : how he threaten war with Taiwan
Banning of crypto in China overnight
How he pissed off western countries
Controlling children and teenager gaming hours down to 1-2 hours a day.
Seizing islands on South China Sea and strengthening his grip on them.
Earlier going to war with India at their borders. After India started banning China products and games only they retreated.
Fining Alibaba after founder Jack Ma uttered some things in a public speech that CCP doesn’t wish to hear.
Not sure what else he will unleash on China or the world.

This post has been edited by Davidtcf: Feb 11 2022, 12:22 AM

can't blame US also.. maybe they have classified information, such as how Huawei is alleged to be able to spy on behalf of big bro China.

China well known with their espionage. You can't blame western countries to take counter measures if they have proof of it going on.

Agree with what others say here also.. Keep a pile of money before investing.. RM4-5k is a nice figure. Can save up higher also if you wish. Since after convert become USD1k+ only. While saving can put into MMF funds like Versa so can withdraw anytime and fast.

Sometimes I can't wait just transfer RM2k+ over to IBKR. But I invest long term la. However keep doing this also not a good practice since I'm paying more fees to IBKR per trasaction overall.

This post has been edited by Davidtcf: Feb 16 2022, 11:01 PM

Basically just fill in the routing and account number at Wise.

As below how I fill in.



Reference is your account number at IBKR, account number is also unique to you, then routing just follow.
In your screenshot got the details liao if u notice. I notice the address is missing now after choosing in IBKR.. But should be allright if use Ziet address. They likely remove it from the website maybe is extra info only. Most important acc number routing etc will able to deposit the money already. So far I send like this all ok.

Account type at Wise choose send to Business/organization, then choose "checking". Address also follow what Ziet mentioned in his video. Pause his video if he too fast till u get it.





For Wise to IBKR transfer make sure u keep all your receipt. Because the fund is coming from 3rd party which is Wise. Got ppl kena audit from IBKR before where they ask him where the fund came from and show proof is his own money. If transfer from CIMB SG to IBKR then no need worry.

I use Wise to IBKR also coz easier. I keep all my receipts: maybank to Wise, Wise to IBKR in my Dropbox folder so phone also can access.

Once u succeed do this once.. Can repeat same transfer again by saving it in Wise for next time.. So don't have to retype all over again. After first transfer u will confident liao. First time only hard, later is easy peasy.

If you scare, transfer small amount like few bucks first. Once confirm went through then transfer bigger amount. Will need +1 biz day before IBKR will update your account for fund receive.

In IBKR setting make sure change fee rate to Tiered instead of Fixed. Default is Fixed rate which is more expensive for most of us.

This post has been edited by Davidtcf: Feb 19 2022, 01:38 AM

Welcome to the IBKR club 👍👏

I like to see lots of greens in the US market. Easy to the moon. This year abit special due to interest rate hike and Ukraine war. But if u come in now really right time lar.. All US stocks and ETFs at a nice discount!

This post has been edited by Davidtcf: Mar 4 2022, 07:05 PM

yeah, but the money will still go through to CIMB SG bank if use Wise. Can check Ziet Invest youtube video on this topic.

Check Ziet Invest YouTube videos on the subject IBKR. Use Wise to fund it.

Get a referral code when sign up for some freebies.

you're likely on Fixed fees (default).. change to "tiered" at account settings.

Need to trade very large amounts before fixed fees become cheaper.
https://www.interactivebrokers.com/en/index.php?f=commission

This post has been edited by Davidtcf: Mar 23 2022, 04:05 PM