I got the money around midnight. So still OK, manage to get some buys before sudden bull market after CPI data out.

U must have top up big amount kena spotcheck..

Mine just small amount DCA thing. Scare to big lump sum suddenly market come crashing down again.

Are you an investment analyst or something. You seemed really pumped on keeping up with the news?

Looks like it haha

any good long term non taxable ETF to invest?

BRK results released:

10-Q: https://www.berkshirehathaway.com/qtrly/1stqtr23.pdf

Press release: https://www.berkshirehathaway.com/news/may0623.pdf

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Interestingly, BRK's AGM is a children/family-friendly event.

WSJ FINANCE

Berkshire’s Youngest Shareholders Vie for Chance to Question Warren Buffett
At least one child is usually selected to ask the storied investor a question during the annual meeting

https://www.wsj.com/articles/berkshires-you...share_permalink

I hope this is the case. I can't find any loopholes in the logic of offering this service to customer, so I emailed my prof and see if he can spot anything up IBKR's sleeve.

Isn't this like payment for order flow (PFOF), without the payment?

I hope this is the case. I can't find any loopholes in the logic of offering this service to customer, so I emailed my prof and see if he can spot anything up IBKR's sleeve.

My derivative prof told us that CDS market is one of the most manipulated derivative markets. Indeed, there's one new evidence:

https://finance.mingpao.com/fin/instantf/20...%9b%a0%e7%b4%a0

https://www.bloomberg.com/news/articles/202...tential-trigger

Actually I have this concern too. Therefore, I am exploring FSM to do all the local and oversea stock investment, but FSM got a stamp duty charge for all transaction which is a bit turn off.

I'm looking at Rakuten for it's cheap fees but their website and mobile app really turns me off. I wish IBKR had setup in Malaysia but don't think that will happen anytime soon.

I'm still waiting for M+ / Rakuten to provide trading for London Stock Exchange (LSE), why until now it's not provided?

I have done a simulation of buying usd100k worth of Apple shares using Moomoo Sg. Total cost is just usd8. How much ibkr cost as compared to this?

Good day guys. I would like to ask what should I put as my legal first, middle and last name.

Assuming Vincent Tan Ming Ban is my full name in both IC and passport.

Thank you and have a nice day

can. but wise will use swift network and charge you swift transfer fees... they cannot use their cheap local deposit method into mca...

Do you guys think it's worth to switch over from local broker to IBKR so that I have access to LSE Ireland Domiciled ETF?

I've calculated using Wise Transfer and after selling the stocks and convert to MYR, it would cost me approximately ~ 1.2%.

The 15% savings on Dividend Withholding Tax using Ireland ETF would take me ~ 4 years to recoup the losses from FX fees caused from the dividends alone.

Or should I stop piling money and dividends into local broker and use IBKR instead of transferring everything over?

BIL ETF. About 4% p.a. IRR for me (sell before ex-date, buy after ex-date, rinse and repeat every month to avoid paying 30% WHT).

https://www.ssga.com/us/en/intermediary/etf...-t-bill-etf-bil

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I really hope we will get a local broker with support for London Stock Exchange... Not just the banks.

Thank you

Not exactly first day or last day. I tend to sell one to two days before ex-date for BIL and buy on the ex-date or one day after it. You may refer to BIL ETF's distribution schedule here: https://www.ssga.com/library-content/produc...on_Schedule.pdf

and mark down the dates on your calendar (take note ex-date for December is unusual as it's in the middle of the month, plus no distributions/ex-date(s) in January).

I notice there are some nuances in buying/selling BIL ETF. Usually there is an uptick in the ETF price (i.e., premium over NAV) TWO days before ex-date rather than ONE day before ex-date. (Tail risk management?) And in occasions like US debt ceiling crisis, "smart money" usually trade even earlier. In any case, I look at my IRR, if the number moves up by several more basis points than the usually daily movements and it's very close to ex-date then I will follow "smart money".

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Actually, if you think through, there's "economies of scale" in choosing to buy+sell around ex-date vs hold and let Uncle Sam tax 30% out of the distributions.

The reason is simple: WHT is 30% of distributions, which is dependent on how many units of BIL ETF you hold. However, brokerage fees for buy+sell is (almost) fixed at 0.35-0.45 USD per trade regardless of how many BIL units you hold (assuming you don't trade often with other counters).

I did some dirty calculations last year. You can have fun playing with this Excel file. I used previous distributions and compare the opportunity costs of either holding (no trade on ex-date) vs trading on ex-date.

For several thousand USDs the savings are probably to the tune of few cents, but for those with thousands of BIL units, the savings start to run into 1 to 2 order of magnitudes in USD. Also, one should take into consideration of time value of money. The distributions of BIL are paid not on ex-date but about 5 days later whereas buy+sell means money gets "reinvested" within 1-3 days. Minuscule savings I know...

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In another news, ASNB/PNB has sent me the full list of investment for ASM1. See if you can find any counters that interest you here: https://forum.lowyat.net/index.php?showtopi...ost&p=107438507

You may just assume I sell 1-2 days before ex-date and buy on ex-date or the next day after ex-date. Here's a screenshot of my trades (YTD) if it helps:



Lastly, take note that "economies of scale" works with several thousand USD (20ish units of BIL) and above. If the amount if several hundred USD then paying 30% WHT to Uncle Sam makes more economic sense than paying 0.3-0.4 USD (x2 for buy+sell trades) to IBKR.