pay immediately

no for cash account

Me too. Confirmed the money is back in! 

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

Hi! Is this the refund for the 30% WHT? Meaning full 30% refund?

Anyone knows if 6 to 7 digit amount of funds in IBKR.. When withdrawing won't have any issues?

They're definitely funds which have paid tax.

I don't want to see problems where it's frozen by banks or there are issues happening. Hence. Till today I never dare to park so much funds outside a country that'll go back to my bank account eventually.

just keep your paperwork n paper trails... why worry if you have nothing to hide?

Anyone knows if 6 to 7 digit amount of funds in IBKR.. When withdrawing won't have any issues?

They're definitely funds which have paid tax.

I don't want to see problems where it's frozen by banks or there are issues happening. Hence. Till today I never dare to park so much funds outside a country that'll go back to my bank account eventually.

I also worry about this. but the fact is if you are not cashing out today, things may change drastically in -n years time.
Or if you really reach 7 digits USD maybe you want to FLY to IBKR Office and open a local bank account there AND SPEND IT there instead? That's what I think.

My default plan if I live and mentally aware until 80 is I will withdraw 5 figure MYR per quarter when I am 60, hopefully it won't trigger too much issue. If issue come out I will fly to Singapore (where my IB account is currently domiciled) and manually intervene. I suppose there are far too many Malaysians in Singapore with 6-7 figure MYR that want to cross the border back, there should not be too big of a hassle.

using CIMB SG->MY internal transfer should suffice

also, see if can modify from IBKR individual account to "joint account" (for that live & aware until 80)

Having fun with WCRS function on Bloomberg to compute carry trade returns using different currency pair... Look at MYR... 

For those of you seeking short-term (1-3 month) ultraliquid USD parking facility in IB, I found several US 1-3 month Treasury bill ETFs like BIL and SGOV.

Assume you adjust SMART routing to VLow (High volume exchange with lowest fee), you can get your trades executed with as low as 0.24 USD instead of the usual "0.35 USD". BIL is liquid but expense ratio is high at 0.14% p.a., SGOV's expense ratio is low but that is due to temporary fee rebate by BLK which would terminate on 30th June 2023 (after which it would be around 0.14-0.15% p.a., on par with BIL). Moreover, SGOV has about 6% asset exposure in its own institutional cash fund which has Treasury floating rate notes and introduces additional counterparty risks with banks like Citi, Credit Agricole etc. So, not truely "risk-free".

I did some IRR calculations and found that you can get returns of about 1.3% p.a. for the 2-month holding period, factoring 30% WHT for the monthly distributions and 0.24-0.35 USD commissions, charged twice (once during purchase, once during sell).

Much lower than contemporary 2-month UST yield, but better than holding everything on cash balance and let IB suck all your interests away I guess. After all, in terms of opportunity costs, there is nothing more "risk-free" than risk-free rates. So, in theory, as long as better than 0% p.a., one should bite.

Hi would like to ask some clarification.

1.These products are as liquid as cash balance in ibkr in terms of trade turn around? Meaning if i sell today i can use the money in my account to buy stocks soon after? Or do i have to wait for a settlement period?

2. Does the dividend accrues daily by an increase in the NaV and is paid out monthly/ quarterly when it goes ex dividend right?

3. And how did you get only 1.3% annualized? The current t bill should be around 5% and even with a 30% wht you should be getting 3.5% pa? And the dividen eventually gets refunded right?
Reason is I have about a 100k and as you know the first 10k usd doesn’t earn anything while the balance currently earns 4.83%. If BiL is almost as good as cash balance while able to warm 4.8%  I’ll put all that money in it while I look for stocks to buy.

if you have more than $25k in assets, can switch to margin account where u can daytrade without waiting for cash settlement

https://www.interactivebrokers.com/en/tradi...rgin-stocks.php

i haven't turn on margin trading as there's supposedly a bug affecting half of those who are doing recurring investing (probably fixed by now). funds don't get auto converted from SGD to USD and IBKR assumes they want to borrow USD

....

By the way, if your portfolio size is as big as 100k USD you should seriously consider buying US T-bills directly... it costs 5 USD per trade but given your fund size, the fees are peanuts when expressed as a percentage of the overall investment, thus you get to keep the bulk of returns...

possible bug on IBKR. even so, if u manually convert your currency, U$0.35 commission fees is still cheaper than 0.05% for LSE instruments

would like to ask/confirm... buying US T-bills directly, as a not US person, there are no tax withholding right?
that should also include US notes and bonds right?