I have CDP account and now I recall the corporation actions from SG stocks held in CDP are directly issued through CDP without involving the trading accounts like DBS Vickers.  If I were to buy SG stocks through IBKR, will the stock holding be registered under CDP or under IBKR custodian?

Just curious, how do you know the existence of Form 60 and know so details of it.

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Now I know why Nestle Malaysia's performance is good.

I mentioned "actively investing" because you gave me the vibe that you are a full time investors

So it is a surprise to see you described yourself as passive investor.

I heard many said that if we transfer from Wise to IBKR, few months down the road, IBKR will begin to questions us on some questions including source of the fund due to our Wise account technically do not have our name in it? And, is it really ok to transfer money from Wise to IBKR?

The 2 conversion shall be also same with MYR, MYR -> USD -> CHF.

I see. Do let us know with the update. Since you mentioned 2 more years later, so you only enter Swiss market this year?

ok, in that case I will only use SG brokers for SG stocks.
I am new to SG government bonds, T-bills and SSB, are they worth considering besides S-REITs?

A few comments here :-

1) If you have bought AREIT early and your holding price is low,... you would be earning MORE THAN 5.53% today. And you would have a high margin-of-safety because your holding price is low. This margin-of-safety is impt because as the yield betw risk-free rates and REIT yields narrow, investors may selloff the REITs and 'switch-over' to the risk-free instruments.

If your holding price is low enough, there is chance that the price dip will not reach your holding price and you will still be in the green. Or,... even if the dip goes below your holding price, it will bounce back very quickly when the mkt recovers. Your red holding will quickly turn green because your price if low enough for the mkt price to run back up.

2) I've been thinking abt the the REIT model,... perhaps this model is not so 'suitable' in a rising interest rate environment,... or later-on,... in a high-interest rate environment. In the last many years since the 2008 Global Financial Crisis, the Feds has kept interest rates low, hence, REITs have a chance to do well,... but moving fwd ?

3) Finally,... how abt if the Feds overshoots,... and causes a Recession instead of a soft-landing ? The IMF and the World Bank are already signalling that growth will not be good next year.

You will need to have umlimited 'firepower' to keep buying. Do you have this ? YOu can't print money like what the Feds can do.

You might lose your job/s if a Recession hits.

How would you know if a Recession will not cause this parttime job of yours to disappear ?

grabfood lor...

but seriously bro Ramjade should be commended for taking up 2 jobs... so hardworking man...

but it's getting stale everything he need to bring up your unlimited funds

soon you will have unlimited funds also... and your views may change as you grow wiser also... and may even align with bro Hansel also...

never say never... anyways...

ok, thanks.  Just found out that DBS could be charging SGD10 for incoming TT.  In that case a cheaper option is to convert from USD to SGD in IBKR and withdraw SGD directly from IBKR to DBS my account.  The downside with this is can only keep SGD.

May I know what is the difference between sell and close position for a stock?

Haha I only have BRK... Do you think XOM or CVX still have room to run up with recession coming soon? I think the 70% run up in price has pretty much factored in the bumper profits. "Priced to perfection" as they say.

I don't touch crypto-related stocks, but for brokerage firms... hmm..

If you look at IB's founder letters: https://investors.interactivebrokers.com/en...dex.php?f=54145
That's very discouraging for a passive investor like me.

You think which broker has "moat" in the US?

Hi all, I am having qualms about which brokerage is safer. IBKR or brokerage tied to local Msia banks like RHB or maybank.

Just some background context, I am asking this question because I now have almost close to RM 1 million  in my Interactive brokers account. Back when I first started I only had a few thousand ringgit so I wasn't so worried. But now as I made some gains and the value keeps rising, I'm starting to worry about the money being offshore.

I chose Interactive brokers because I know it's top tier, renowned and regulated by SEC and CFTC. It has the cheapest fees and best UI.
But one drawbank ( not sure if its considered a drawback), is that IBKR is not regulated by the SC (suruhanjaya commission). If there is a black swan event and IBKR goes bust (touch wood), do I get my money back?

On the flipside, if my shares were held by the RHB invest or Maybank trading, if something were to go wrong will my money be insured since the banks are regulated by the SC?

I invest only in US stocks and looking to invest for another 5-10 years so the platform I use must be safe and secure.

What are you guy's thoughts on this? How big of a role does being regulated by SC play when deciding which brokerage offers the best security and guarantee?

Your concerns are legitimate. The best protection IBKR offers you is the SIPC insurance protection in case the broker goes bust. You are protected up to 500k USD, including 250k USD of cash.

https://www.sipc.org/for-investors/what-sipc-protects

You can file a claim here when IB is in trouble or your assets are transferred to a trustee. https://www.sipc.org/cases-and-claims/

As far as I know, Malaysia does not have such an insurance scheme. Please correct me if I am wrong.

I do know SIDREC: https://www.sidrec.com.my/

But that is more of a dispute resolution center rather than a post-hoc claiming facility.
Bro, have you woken up yet?

"They ban", "regulated", "to legitimate"

Treating patients can be tiring...

Treating patients can be tiring...

That's why must stop writing options and stop buying your favourite techie counters.

Buy NESN then can sleep well every night.

Correct? dwRK

lol

Thanks TOS Ramjade for the insights. I actually do I have TD ameritrade. I like the zero trading fees but didn't like the upfront usd25 that the bank deducts each time you deposit.

Have yall personally used any local Malaysian bank brokerages before?

Maybe it's prudent to spread the stocks among different brokerages in thr event one goes bust. My ignorant thinking makes me think stock trading thru Malaysian  banks would be safer but I'll check with the bank myself. I'm eyeing RHB since my family already used that.

I personally don't have MY bank brokerages, but they are certainly safe to consider if you need them. This data is kind of old, but may be useful: https://kclau.com/investment/trade-global-shares/ The main things to care about are dividend handling fees, custodian fees etc. Surely the brokerage fee per trade is expensive already for local bank brokers compared to foreign ones. 

There are local non-bank brokerage players like FSM MY, Rakuten Trade, POEMS MY etc. too.

I personally have 2 "secondary" broker to standby in case IB has problems: FSM SG and DBS Vickers SG, both linked to my CDP account. So yes, you are always encouraged to have 2-3 brokers to give you some fall-back options if one goes bust.

DBS 1mth FD gives 3.42%, 3mth 4.28%. If you have >10k, IBKR giving 3.33%. Wouldn't this better than buying ETFs that gives 1.3% but may subject to various risks?

lol

Read properly bro... We are discussing ultraliquid Uncle Sam T-bills ETF, not your typical VOO. Fed isn't raising rates until 8-9% p.a. yet...

We are discussing ultra short fixed income investment, not equity. I doubt there is any treasury ETF that could give 8-9%p.a.

Btw, how did you manage to use DBS remit to transfer to IBKR? Did you enter your account number?