I got refunded yesterday for dividends after January 2023 until January 2024.

Anybody able to clarify?

guys. sorry if out of topic.

i did comparison, if i transfer RM 30,000 using wise vs moneymatch, i can save RM 115.15 of fees by using moneymatch.

wise is by directly RM to USD in IBKR
Moneymatch is by RM to SGD CIMB Singapore, then to SGD in IBKR, then convert to USD in IBKR.

thanks to the users here that mentioned on Moneymatch. Good bye Wise you are too greed.

This post has been edited by sp3d2: Feb 13 2024, 04:46 PM

sorry i dont know the answer to your question, but what is the difference if IBKR sell either your initial or latter shares can make?

Me too. Confirmed the money is back in!

(Screenshot below generated from YTD 2024 statement, backdated BIL entries can be clearly observed.)

Different entry prices of course.

How do you transfer from USD in IBKR to a Malaysian bank account?

With the refund, my BIL IRR now stands at 4.80%, pretty close to short-term US T-bill rates, albeit the rate can be better if they refund sooner, but definitely better than the old "sell before ex-date then buy on ex-date" strategy...

I use two ways

Ibkr USD to Wise RM

and/or

Convert USD in IBKR to SGD, then transfer to CIMB Singapore, then to Malaysia using Wise


This post has been edited by sp3d2: Feb 13 2024, 05:43 PM

Gwynbleidd do you observe the -0.01 USD entries after each month's distribution in your statement? I believe you are holding BIL via IBKR as well, yes?

Is that some sort of admin fee paid to IBKR/IRS for their "service"?

Actually I don't know if MYR to SGD to USD always better, I mean I do that from HSBC (because amount huge) but still I am skeptical. Your difference is 0.38%.

But if you do goggle exchange, or even XE exchange. 30k ringgit to SGD = SGD8429. SGD8429 to USD6264. However if you convert using Google exchange 30k ringgit gives you USD6294. Diff of 0.47%.

To be honest I also don't know why and a bit suprirse by this result. I thought the net result would be the same.

Maybe some forex expert can chip in.

I just tried 30k ringgit with XE exchange and both methods give exactly USD6294. Damn I think is google issue. Next time change money should just use XE and not google. Now I use Wise to send ringgit to aud, money match gives better rate. Will try tomorrow and hope no drama.

For sending money back, even though I have not tried it yet. Why don't you do money match from SGD to MYR? Or sunway money.

It seems moneymatch is only for MYR to SGD.

No option for SGD to MYR in moneymatch.

This post has been edited by sp3d2: Feb 13 2024, 06:00 PM

I was wondering why do you have that. No, I'm not holding BIL, I have ZROZ instead. For short duration holding, I use BOXX, which does not have any distribution so far.

every one's been telling you how to do it since months ago



for some reasons, internal CIMB SG->MY rates are actually better than midvalley rates, just remember to transfer during office hours. click below for forex rates comparisonsatisfied with SGD->MYR since it's on par or better than midvalley. only thing is i'm still on the lookout for MYR->SGD that can provide rates on par with midvalley

This post has been edited by Medufsaid: Feb 14 2024, 11:28 AM

Wow bro are you sure you are fine with earning risk-free rates via the box spread strategy?

Tbh, I'm not well versed with it 😂
Any concerns with this strategy?

https://alphaarchitect.com/2023/05/box-spre...treasury-bills/

This post has been edited by Gwynbleidd: Feb 13 2024, 07:48 PM

There is no way to open a CIMB SG account for me. Thats completely out of the question. Hence the query.

cybermaster98 can you elaborate? there's 3 ways to open an SG bank acct without stepping foot into singapore

1. CIMB SG - what's the issue? you tried but CIMB sg disallowed you?
2. MBB sg?
3. OCBC sg?

the last resort is to transfer USD out from IBKR into TransferWise, then convert back to RM -> topup to ewallet -> malaysian bank

This post has been edited by Medufsaid: Feb 13 2024, 11:07 PM

You should have understood the risks before you invest. Well, for a start the box spread is around 25-50 basis points. And the BOXX has a expense ratio of some 20 basis points...

If you check the factsheet, it actually underperforms the 1-3 month US T-bill index...

https://alphaarchitect.com/wp-content/uploa...X_Factsheet.pdf

-------------------------------------

Just stick to BIL/SGOV will do lah. Box strategy requires active management from the fund manager as different options expire at different times, some got called away before expiration. A lot of work involved. And I can see FLEX options involved... not just plain vanilla ones on CBOE. In case of crisis, those illiquid ones may not have any quotations... the NAV will diverge significantly from market value.