for covered options you still need 100 stocks or 100 ETFs, no?
that is a lot to buy for an average retailer.
if buy cheaper stocks usually their prices fluctuate and harder to predict their rise /fall.

for naked options type it will be on margin/cash balance? any losses will hit the margin/cash balance straight on.

REITs now also very hot... just notice even my Malaysian REITs some of them started giving returns.
SG ones going up even more.

for utilities, medical or consumer staples (defensive types) go for IUUS, IUHC, IUCS etf (US related). Low cost and no need pening.

This post has been edited by Davidtcf: Apr 22 2022, 12:05 PM

same here.. bought a Razer gaming keyboard, broke after a year's use. Decided never to spend money on Razer again.

Bought a Logitech gaming keyboard G510, until today I'm using it without issues. This was many years ago.

all along same bank details I thought if use Wise? Can check Ziet invest youtube here on the steps:


Contact Wise or IBKR also they can't help.
Wise the moment sent out money they wash hand liao. Can't track anything.

As for IBKR, Direct ACH transfer they can't track.. if SG CIMB send money to them using Bank Wire then only they can track.
Hence this step safer and faster, steps here:



but slightly more expensive unless if you send a large amount of SGD. Due to the fixed USD2 per conversion in IBKR from SGD currency to USD.

This post has been edited by Davidtcf: Jun 1 2022, 02:13 PM

Mine still the old routing number when I check at IBKR:



Hmm maybe some users migrated to new routing number.
Wait it out a bit and see.

I logged ticket to IBKR before as there was once I waited 3 working days for my funds to appear (Sat Sun, non working days not included as part of calculation). They weren’t helpful and just ask me use Bank Wire next time.

Btw Monday was public holiday in US.. could explain the delay.

This post has been edited by Davidtcf: Jun 1 2022, 03:17 PM

Did you manage to get the money in IBKR?

This post has been edited by Davidtcf: Jun 5 2022, 05:18 PM

another downside of direct transfer using Wise to IBKR is that you could get audited by IBKR.
They will contact you for documents to prove the money is not related to fraud. Means you need to keep all your transfer receipts softcopy between local bank to Wise to IBKR. Previously got people here share about this incident before. It is random so means if you lucky won't kena, if unlucky then will get email from IBKR and you'll have a time limit to respond.

Also the above method, there was once I waited around 4-5 days before seeing the money in IBKR. I raise support ticket via chat also the lady tell me they cannot trace it since it is ACH type transfer. Only Bank Wire transfer they can trace.. also told me it's better using this method.

If using Local bank transfer to > Wise > Cimb SG (Wise to CIMB SG is instant) bank wire to> IBKR > pay USD2 for spot rate conversion SGD to USD then won't have this audit risk. Check Ziet Invest youtube he got teach the steps.
Also much faster using this method. The most in a few hours will see the SGD in IBKR already.

I mean you're investing for long term right.. so USD2 is not a big amount to pay to IBKR? Peace of mind also for your funds. That 3-5 days gap is big too if a stock is going up. If wanna save more then transfer a bigger amount.
CIMB SG also can open fully online, just need CIMB Malaysia account. CIMB SG can use to invest in Singapore stocks too.. hence it is useful to have.

This post has been edited by Davidtcf: Jun 27 2022, 12:00 PM

Anyone using Webull? Latest promotion is deposit 2k sgd + 6 trades to get 1 Microsoft share.

0 fees for time being for US stocks due to promotion period.

The FAQ seems gooding also since they charge 0 for currency exchange. Cannot deposit using Wise though.. Must deposit via SG bank:
https://www.webull.com.sg/help

This post has been edited by Davidtcf: Jul 25 2022, 09:12 PM

will continue use IBKR then.. thanks!

Ziet posted about Moomoo broker. Seems like good to buy US stocks. Conversion fees also reasonable:

tak jadi.. when I asked Ziet at the comments he say he not sure which is better also (IBKR or Moomoo).. need more testing.
so decided to just stick to IBKR.

less broker is better for me

as long no war between Taiwan and China.

else the whole world's smartphone market + general semiconductor related also such as electric cars / graphics card /computers etc will be affected. TSMC is that important:
https://www.pcgamer.com/an-invasion-of-taiw...-tsmc-by-force/

This post has been edited by Davidtcf: Sep 13 2022, 04:02 PM

Hi guys, is Wise integration with IBKR working smoothly for y’all? Trying it first time today. Wise says transfer complete just a while ago but IBKR haven’t reflect the amount. Need wait a few more hours is it?

So far ok for everyone that used it? Will IBKR auditors come knocking at our doors later asking where the funds come from? Do we need to keep proof of our transfers from our own bank account to Wise?

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.