tradingview us stock price is real time
please correct me if i m wrong

Use IBKR Snapshots. USD 0.01 per snapshot, up to USD 1 waived per month. Previous post about this:

https://forum.lowyat.net/index.php?showtopi...post&p=96160148

For US market, I use Webull to check prices (free L1 data), then make my market order accordingly. For other markets, I just hentam. Maybe should've used Snapshots lol.

is it a good idea for malaysian use transfer MYR via Wise to IBKR, convert to US and just sit there n get interest (USD) from IBKR?

No. Wise lousy rates. Better use rhb multi currency acocunt.
Secondly very stupid to hold USD in cash especially now interest rate coming down which mean going forward in the future, you won't get 4.x% (effective interest as first Usd10k no interest).

Invest it and you can get 5%p.a eventually.

USD now is RM4.65, a drop of 5% (5% is the annual returns in RHB MCA I think) is RM4.42. If lower, then you'll actually start losing money.

So, normally ppl exchange into USD to buy US stocks

This post has been edited by Medufsaid: Jan 8 2024, 08:24 AM

you also have ppl saving usd for kid's study... or just hedging against myr... but ibkr is not the best vehicle for these

2024 is geared up to be year of rate cuts unless another war starts somewhere, we are likely to see the USD drop as people wind down their carry trades.

Do you know whether withdrawal from IBKR to DBS multicurrency (USD) got any charge by DBS?

Sure got charge cause wire transfer. If use wise no charge.

why not hold cash via T-bills?

I do t hold t-bills. I invest my USD.

Not everyone is 100% invested 100% of the time. For those of us that have cash portion in our asset allocation can park in t bills

Generally, unless your cash size is large enough to offset the 5 USD per trade commission for US T-bills, you are better off holding BIL ETF or other money market ETFs.

Also, try not to keep foreign currencies in Malaysia. BNM can never print USD, CHF or SGD and in the worst case, it's the big importers who will be prioritized over us retail investors when the FX reserve runs low.

How much is enough to offset the usd5 commision ?

That's up to you to decide. Minimum purchase for US T-bill is 1k USD. 5/1000*100% = 0.5%.

For myself, a typical purchase of US shares is around 500 USD and commission is usually 0.35 USD, so that works out to be around 0.07%.

You need to compute the commissions as a percentage of your purchase amount and decide how low a percentage you wish to go.

Hope that helps.

I do have other investments that give me good yields, with higher risks of course. Thinking to set a portion for risk-free investments, preferably not in MYR/malaysian brokerage a/c.

For cash portion (assuming am mostly in MYR in savings acc now) - do u think its good idea to move some of it to Interactive Brokers (USD) and keep it as cash (receive the 4.8%) and/or park in t bills?
any other better options?

Go get yourself a tiger account and put your money in mmf. Can get 5%+. Of course not for long once US fed start cutting interest rate.

is the best way - open a Maybank (Singapore Account) - link to Tiger Broker, transferred RM to Maybank Singapore, and fund Tiger Broker acc?

CIMB Sg. Don't use Maybank sg. Not sure what is moomoo exchange rate yo.

This post has been edited by Ramjade: Jan 10 2024, 06:53 PM