I meant just convert your tag into pure ibkr. I did mine like last year. Save on cost.

If you live through 2008 and march 2020 you will know. People blinding sell and there's no hope left.

When your hands shake as you tap the buy/click the buy button.

I didn't live through 2008 but I live though everything after that I was prepared in 2020 with my cash. It was spectacular watching market open only kena whack with circuit breaker. People was just relentlessly selling. How I wished for 2008 to happen again. A once a generational wealth transfer opportunity.

The recent tech sell off could also be consider one of 5hose opportunities. Good companies were just being sold off relentlessly. Did I pick up some? You bet

This post has been edited by Ramjade: Apr 8 2022, 07:54 PM

I started in 2000 so yes I been through 2008. My earlier reply was for the earlier post how that investor know it is cheap? By his interpretation correct?

As for your next post topic yes time when everyone exit is when you enter it is only whether one got the nerve to tap the Buy button.

https://www.mrtakoescapes.com/love-big-fat-cash-pile/
He is like Paul low sg who owns a dividend investing blog. Only difference Paul buys everything which pays dividend even crappy stuff.

Thanks for sharing. So he also belong to the camp called dividend warriors kind. I think dividend Vs capital gain has been argued for years. For me I go more for dividend why? If I no job the monthly dividend act like salary. If capital gain you need to wait and during waiting period what you eat? The best is a mixture but what should be the ratio is up to individual.

Alot of US has 30%, Irish 15% tax on dividend. Reason why I go for Asian market stocks Dividends and get indirectly exposed to US via mutual fund for which some pay monthly dividend

He's US citizen hence no issue with dividends.

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

Assuming you are MY tax resident:

For US, you should have signed the W-8BEN form (when you open your IB account). So 30% WHT is already automatically deducted by IBKR before the dividend is credited to your IB cash balance.

You don't need to declare any capital gains and dividend incomes (whether in the form of stocks or cash) to MY government.

This post has been edited by TOS: Apr 9 2022, 07:37 PM

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

This post has been edited by potatobanana: Apr 9 2022, 09:05 PM

Yup, it should look something like step 5 shown in the website (URL link) when you opened your IB account: https://investmentmoats.com/money/easy-step...e-brokers-ibkr/

Here is the screenshot capture from the webpage:



This post has been edited by TOS: Apr 9 2022, 09:19 PM

I see, it makes more sense now.
The W-8BEN form is signed during account registration.

Well that meant there's nothing for us to do for the tax.
So, continue trading and investing

Many thanks for the info, appreciate it very much

FT Past weekends: https://drive.google.com/file/d/1vqTvzVKXjo...iew?usp=sharing

FT Today: https://drive.google.com/file/d/1NJxJTunq-p...iew?usp=sharing

How to do it?

sorry can't recall exactly as I have no interest in this area.

I remember under watchlists... there's some precooked screener... and you can also diy with own criteria

Hi Sifu TOS ,

Would like to ask you why you like MSFT , AAPL and don't like GOOG business model? How do you dissect them in detail? Need to learn more from you.
Appreciate your kind sharing.

OK found for you...

when you diy your own stock screener... got 2 sub criteria you can pick...

next div date above ???
next div date below ???

Wow my status upgraded already

No lah, I am just an intermediary who transfers information from newspapers to this forum. Not really anywhere near dwRK or Ramjade's level. They are the real gurus.

As for why I like MSFT and AAPL but not GOOG. It's just my own view. You can come up with yours after studying the companies' financial statements (10-K, 10-Q etc. ) and read some newspapers too.

MSFT has a monopoly in the OS world and office suites/productivity tools and they can keep acquiring competitors or smaller firm to retain their positions. Their next breakthrough would be gaming (Xbox pass, hailed as the "Netflix" of gaming for its subscription model). (I would like to see them take down Sony and Tencent.) MSFT also has a fast growing cloud computing business, which is also highly profitable. Another thing that sets MSFT apart from other Big Tech is it's mainly a software firm, so the overhead cost is very low and they have little issues with say WFH. They can also pay very little tax by booking their profits in tax heavens (artificially inflating their prices there while lowering the prices in major markets) and/or play around with intangible capital allowance tax incentives.

For AAPL, the software side is the same as MSFT, with their iOS, App Store, iTunes, Apple TV etc. For hardware side I value their chip designers. AAPL has some of the best chip designers in the world, a key asset. Its closed i-ecosystem can keep the preying eyes of competitors out of it for as long as it likes, as long as people buy into its products' design and philosophy. AAPL used to be a high-end product, but has expanded its ecosystem to the mid-class smartphone segment in recent years to capture market share, and hence profit.

GOOG mainly relies on ads to survive. More than 90% of GOOG revenue/profit comes from advertisement, so they essentially rely on a monopoly in platform to sustain themselves. But platform, unless it's closed like AAPL's, is subject to competition with people immitating your model. This is what happened to FB with TikTok coming in and take away users' screen time. Advertisers are realistic animals. Once no one use your platform, they shift and move away. Cut-throat business to maintain a platform. GOOG made its ad money out of google search results, Youtube and Play Store apps. Youtube can see potential challenges from TikTok if they extend their video length. GOOG search engine ads and Play store ads revenue are rather stable for now, but to grab user's attention you need to pay for it. GOOG pays a lot to maintain Google as the default search engine on AAPL's devices, as you can read here:

https://www.wsj.com/articles/the-apple-goog...share_permalink

Just Google (no pun intended) "Google-Apple search deal" and you can find infos online. These costs are known as "traffic-acquisition cost" and are the subject of antitrust regulations back in 2020.

AAPL and MSFT don't rely on ads (and hence less need to maintain their platform) as their main revenue stream, and many of their incomes are recurrent in nature especially for MSFT, like Xbox pass and Office 365 for MSFT and iTunes/Apple TV subscription for AAPL. I personally favour these types of businesses, but it's just me.

This post has been edited by TOS: Apr 11 2022, 07:51 PM

Come I answer you.
I am not a fan of apple and don't intend to even buy their stock.
If you do fundamental analysis, they are too concentrated on iPhone Vs Microsoft.

I am a big fan of both Microsoft and Google. I am invested in Google (only 1 share and I want to increase it to 5 shares before the split so that I can do covered call on it).

Msft
Azure
Office
Gaming division
Good CEO.
Look at their net margins!!!
Look at cost of revenue!!!

Google
They are king of advertising.
Unbeatable moat for now in advertising space.for 20 years+?
Super cheap now Vs other faang stocks.
Google cloud going to be profitable soon.
Good CEO
Look at their net margins!!!
Look at cost of revenue!!!

More info watch and sub to this guy channel. He talks fanng stocks only. Nothing else.
https://youtube.com/c/TheInvestorChannel

I learned to appreciate Microsoft, Google, adobe from him actually. Watch his videos on the earnings of Microsoft and Google. He can teach you better than I can tell you why.

This post has been edited by Ramjade: Apr 12 2022, 07:25 AM

Indeed. Would be better if they can diversify their revenue stream to other software and hardware products. Was told not along ago they are planning to start offerring subscription service for iPhone itself.

For those who are concerned:

This post has been edited by Hoshiyuu: Apr 12 2022, 02:08 AM

"withholding" law does not cover estate $$$... is left to individuals to pay up... and also up to uncle Sam to come after you if you don't...