My BIL fund is just to park USD cash for future purchase of US shares/ETFs. 29 BIL units is what I have for now. May go up or down in the future depending on USD interest rates. Hard to say. If I have to buy US shares urgently which causes my BIL holdings to drop to a level that favors paying 30% WHT instead of buy+sell around ex-date, then let it be, as long as US interest rates are still attractive, nothing much to lose.

It might be worth it to verify if your received dividends from BIL has WHT witheld, because AFAIK WHT is not applicable to fixed income assets. https://www.bankeronwheels.com/how-to-reduc...ithholding-tax/

I think it will get deducted and refunded later. My US Treasuries Dividend got deducted (30% WHT) and I got it back later.

The part that says "There are no Withholding Taxes on US Bonds, so Bond ETFs are less problematic."

StashAway has a similar statement on bond ETFs: https://www.stashaway.sg/help-center/115010...dends-get-taxed

"Under the QII (Qualified Interest Income) rule, some of the dividend WHT from US domiciled funds (e.g. US government bonds) can be claimed back. Our broker will do this on your behalf and there is no involvement on the customer's part. We will do this once a year, and will notify you via email if you have any claimable WHT, which would be redistributed to your portfolio and automatically reinvested."
In the accompanying Blackrock QII report in the above StashAway link, the statement reads "The distributions that have been identified by the iShares and BlackRock Funds as exempt from U.S. withholding tax are disclosed in the table below."

Ok I checked on Bogleheads, you are right, the dividends from BIL are considered as "portfolio interests", which are exempted from WHT.

https://www.bogleheads.org/wiki/Nonresident...id_as_dividends

So, from now on, I am gonna hold BIL and see when will IBKR refund me the 30% WHT.

In case you are holding BIL ETF, Gwynbleidd , how often does IBKR refund BIL ETF's WHT? Is it monthly? quarterly or annually?

Thanks for sharing. Learnt something new today.

div distribution 🤦‍♀️

An interesting study on the economics of music: Why didn't Taylor Swift earn more in her concert?

Original article written by Nobel laureate economist Paul Krugman in his NY Times column (with paywall): https://www.nytimes.com/2023/06/20/opinion/...-economics.html

Article republished in BT (no paywall): https://www.businesstimes.com.sg/opinion-fe...swift-underpaid

Sinchew translates to Mandarin: https://www.sinchew.com.my/?p=4772922

So JNJ results look ok. Now they are planning to launch an exchange offer for the recently spun off Kenvue stock for JNJ shareholders.

https://finance.yahoo.com/news/tylenol-make...-150904549.html

Anyone plans to exchange their JNJ shares for Kenvue shares?

I am leaning towards keeping JNJ... Kenvue for one, still holds the infamous baby powder with it. Never know when more lawsuits will haunt the company. It definitely takes some time to build up the "Kenvue" brand. Customers are more familiar with the "JNJ" brand, I think.

Anyway, spinning off a stable cash cow from the parent company looks like a stupid plan... M&A/divestment only makes corporate lawyers and bankers rich... Why would management not understand this...

I finally managed to open an IBKR

What should I buy

I'm just wondering though. If I purchase bond ETFs eligible as Qualified Interest Income (QII), how can I know which ETF is eligible and which one is not in IBKR?

I'm only buying VWRA at the moment, would like to buy AGG or other bond ETFs if they are eligible for QII and refunded to me

ibkr should not have to apply wht on qualifying interest/dividend income in the first place...

i doubt they pay irs first and then claim it back next year to refund y'all...

anyways...

show me proof of what you say please.

no... where did it mention anything about qualifying dividends that you have to pay wht tax first and then you claim it back later? what has itin got to do with anything about getting refund from irs/broker?... folks are getting refund on wht for qualifying dividends from tbils... but i doubt they have itins... so how are they getting refunds if they don't have itins as you have mentioned?

Why not MGK if you want to be more tech heavy? 58% portfolio in Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, Meta and Netflix. Performance wise almost the same but annual expense ratio only 0.07% vs 0.20% for QQQ

I did abit of research and wonder if someone can advise me whether I should invest in my son's study fund in

Vusa vs VWRA

Vusa is 100% in US
Where as Vwra is more global

Dividend yeild wise Vwra wins but Vusa has better performance

Any recommendations for china etf to buy in LSE? Saw a KWEB in LSE is it okay to DCA?