What you mean by that?

these are mostly noise...

few years back... I think the 5 and 10 inverted...then ppl jumping on recession talk...  before that yellen increase rates... ppl talk of market crash... then last year I think feds doing massive reverse repo... crash n recession talks again... seriously I've been waiting on recession since 2017... lol

quite sure a recession will come... just dunno when... usually needs a trigger for the meltdown... like the subprime last time... I was hoping covid n ukraine be it but no... lol... right now US bonds are sitting on trend line support... if it breaks and drops further, then market is ok... if it starts going back up, then big players are in risk off mode and buying bonds...and we should be very carefully... usually the news and analysts will be especially bullish to reassure market is good and healthy... this is the sign to run...

If you look at Russell 2000... it's not that pretty compared to S&P, Nasdaq, Dow... this means only a few big companies are "supporting" the market now... with cpi all time high... let's see...

i watch 10yr futures... sometimes the 20yr...

hey TOS... update for you...

this yt just pop up... i dun follow him... but this topic may interest you...

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?

Now, market maker try to keep these value as close as possible, to minimize what we call tracking errors.

Finally, the ETF industry has a strong incentive to promote these products over traditional mutual funds. It is not that their stated fee structures are materially higher than those of open-ended mutual funds, but there are opportunities to trade profitably around the management of fund shares that generate large and steady streams of revenue.

The process can be contrasted to the creation of shares in an open-ended mutual fund. In the traditional fund, the manager receives indication of new investments or redemptions over the course of the day. If there is net flow in it is the manager’s job to buy underlying shares of stock at as close to the final net asset value as possible so that the newly created fund shares match up well with the underlying assets. In general, any improvement in the price at which the underlying stocks are acquired accrues to the benefit of all the other fund participants as the new assets go into the pool at less than the end of day NAV. Net redemptions are simply the mirror image of this process on the sell side.

New ETF shares are created whenever the market demand exceeds the existing supply available for sale. At such times an Authorized Participant (AP) goes about acquiring the underlying stocks in the ETF and packaging them into new ETF shares. The shares are registered with the sponsor and become part of the float. Again, the process of redeeming shares is identical on the other side.

The key distinction, however, is that the AP does not act until there is some indication of excess demand for the ETF shares. That indication is the price of the ETF rising above the NAV of the underlying shares. This is an activity that gives rise to an arbitrage opportunity for the AP. Once the ETF price is high enough, the AP buys the lower priced securities and sells the new shares of the ETF, locking in a trading profit.

This activity is essentially the same kind of arbitrage that has gone on between stock index futures and baskets of stocks since the 1980s. In the case of stock index arbitrage-using futures, it is a highly competitive open market and long ago any excess profits were competed out of the system. It is somewhat different with ETFs. While there are many authorized participants operating across literally hundreds of ETFs, there is not complete and open competition for these services. The arbitrage spreads are not egregiously large, but they are attractive enough to encourage institutional ETF participants to promote more business.

This brings us to where we are today. The ETF market has grown to become a major force in all major equity markets around the world, with steadily expanding volumes. The lion’s share of the business is concentrated in a relatively small number of major index ETFs, but new entries appear regularly. Each of the new products is trying to reach critical mass that will support the operations of the ETF and the trading opportunities of the associated authorized participants. Few people know before the fact which of the new products will become blockbusters, or in fact have any success at all. But the economics of the marketplace are such that there are many incentives to continue to create new products. Fortunately for investors the benefits of ETFs are attractive enough to justify the different layers of modest cost. It is debatable whether anyone really needs equity ETFs given the vast array of other alternatives available, but it seems without question that they are a product that is here to stay

Hi guys,

Recently I received letter with label "Important Tax Return Document Enclosed".

It is now officially one year using IBKR.
However this will be the first time I am dealing with tax stuff outside of Malaysia.

Please correct my understanding below:
- Profits and dividend is subjected to tax in the US market
- The profit or dividend will be automatically deducted for tax

Do we need to declare the profit or dividend to US gov or MY gov?
Is there anything else we should do?

Looking forward to have some advise on the above 

I am residing in Malaysia and also a MY tax resident.

Since the form been signed;
which means the form is the only action from us.

Happy and glad with the straightforward procedure