you can pick VUSA instead of VOO... save 15% on dividend tax. to save on transaction fees, use the "recurring investment" feature in IBKR to buy
https://www.bogleheads.org/wiki/Nonresident..._domiciled_ETFs

This post has been edited by Medufsaid: Oct 23 2023, 10:08 AM

track record suggest MGK is underperforming

This post has been edited by Medufsaid: Oct 23 2023, 12:25 PM

if you DCA often (e.g., every week), VUSA:LON shouldn't be an issue to you. as you'll redeposit it back anyway.
if you are the kind that only deposits e.g., once a year, then CSPX is good. however IBRK doesn't support fractional CSPX shares. so you'll have to purchase it manually & pay 0.05% commission fees than the $0.35 under recurring purchase

This post has been edited by Medufsaid: Oct 24 2023, 12:06 PM

have to ask ericcheng2021 what he intends to do with the $$. if only to store and put into FD, then better for him to put into RHB MCA even though there are not many things to do (as compared to convert & deposit into IBKR)

tadashi987 what Ramjade said. also, take note that

• IBKR will withdraw to Cittibank, and citibank will take their own sweet time to send to your sg account
• remember to only convert SGD->MYR during working hours

i just transferred today at 10am. moneymatch banked into my CIMB sg acct when i got back from lunch 2pm. this morning rate is RM3.45377. now RM3.4642

looks like 41 basis points to me (or 0.41891%). this round my funds will go into FD, so i won't be routing to IBKR to tell you if it'll appear in IBKR for tonight or not

not relevant bcos i gave you this figure
not the exchange rate when you divide Ringgit sent by Sing dollar received

just tried recurring purchase and can confirm that it's $0.35. U$1300 of 1 Irish domiciled ETF

Takudan so i try to invest $10 in VWRA (i'll just put a distant start date) and tell u if i can?

This post has been edited by Medufsaid: Nov 14 2023, 03:54 PM

no issues creating

no update on whether it's fixed yet https://www.reddit.com/r/singaporefi/commen...ibkr_recurring/

This post has been edited by Medufsaid: Nov 14 2023, 05:54 PM

my IBKR base currency is USD. i can deposit SGD from my CIMB sg acct to IBKR and it won't auto convert to USD.

Kamina51 you need to enable fractional shares. search for the question How do I enable fractional shares?

This post has been edited by Medufsaid: Nov 15 2023, 09:20 PM

do you have a Singapore bank account? lesser steps if you bring it into singapore instead

oh wait, possible to directly transfer the positions from TD Ameritrade USA to IBKR? i think someone in this very thread has done it before

--deleted--

This post has been edited by Medufsaid: Nov 17 2023, 12:46 PM

since this is an IBKR thread, what if he ACH the funds (assuming it's not funds that is needed in an emergency in the near future) from a us bank account into IBKR, and then only withdraw it to a singapore bank account at least 3-5 years down the line?

won't be flagged for "using IBKR to forex" yea?

the stock positions (except for fractional units), he can directly transfer to IBKR without liquidating

This post has been edited by Medufsaid: Nov 17 2023, 04:19 PM

i read in this thread that quick turnaround will trigger their alarm. so if 3-5 years, should be ok?

This post has been edited by Medufsaid: Nov 17 2023, 04:33 PM

evangelion wat's your concern? Even if u use rakuten, they still require IC. Guess what, rakuten uses ibkr to trade your us stocks

not essential to have a SG bank account. only recommended

just be aware of leaving RM20k equivalent in wise by the end of the day (assuming your wise is tied to malaysian address), it'll trigger the account freeze process. if you are transacting more than RM20k, it has to leave wise before EOD