open CIMB sg acct and send SGD via sunwaymoney (there are various other SGD remittance method but tl;dr version is use sunwaymoney) correct

i only use Wise for backup plan (i.e., suddenly singapore ban malaysians from having offshore SGD bank acct). Wise can't earn a single sen from me bcos it's a lot more expensive. the day wise lower their fees is the day i can be loyal to wise

This post has been edited by Medufsaid: Jan 16 2025, 08:33 PM

Wrong. It's cimb Malaysia/moneymatch (I have heard now cimb malaysia offer good rates for transfer to SGD, have yet to check) -> cimb sg -> IBKR, convert inside IBKR.

Assuming you want USD in IBKR, wouldn’t this way caused you to exchange twice: MYR to SGD and SGD to USD? You’d have lost to exchange rate.

JusticeLeagueMY

MYR->wise->USD->ibkr	0.54% in fee + additional USD1.13 Wise to IBKR transfer fee
MYR->SGD->sg bank->ibkr->USD	0.28% in fee + 0.03% fee when you convert to USD

if u are unable to open SG bank account, deposit MYR into wise, convert to EUR (0.52% in fee) & deposit into IBKR (€0 transfer fee), and pay 0.03% fee to convert to USD.

if you are transacting more than RM15k-16k, only then would it be cheaper to convert to USD directly (0.03% of RM15-16k is more than USD1.13), rather than MYR->Wise->EUR->IBKR->USD

In all scenarios, still cannot beat using local remittance companies to send SGD to sg bank.

This post has been edited by Medufsaid: Jan 18 2025, 03:56 PM

You only lose once (RM-> SGD). SGD -> USD is spot rate + USD2.00 per transaction.

The spot rate is the cheapest. You can't get spot rate with any service.

It's not true that Moneymatch gives the best rate all the time. It's best to compare Sunway Money, Wise & Moneymatch rates by opening all 3 Google tabs simultaneously. That way, we can shop for the best rates.

You're right. I believe Ramjade's reply is intended to debunk the statement that "Wise is good". Personally, I work with this spreadsheet alongside my browser tabs and phone, which I copied from another forumer some time back, I also advertise on my signature



Lastly, the rates tend to be much better during working hours for both SunwayMoney and MoneyMatch, otherwise Wise is very competitive because it's relatively consistent at all times. And of course, my statement may become untrue in the future, for better or worse....

True. Sunway money use to be very good until last year I believed. That's when moneymatch give better rates. So I jump over to moneymatch. Nowadays sunway money give better rates so I jumped back to Sunway money. Now I heard cimb My have best rates. Haven't checked. Will only know next salary day.

Hi just bought my first cspx or first etf last weeks. But would like to know people here favor us domicile or Ireland domicile etf? Looking for something like SCHG and SCHD but in Ireland domicile. And wonder what is good to pair with CSPX.

I bought SPLG coz i read they charge the lowest fees. I also have CSPX and VUAA as well. The problem with the Irish domiciled ETFs (listed on LSE) is they follow UK opening hours so those quotes are no longer real time during NYSE opening hours after 12 midnight local time. So, if you are one of those that update portfolio on a real time basis, you will be at a disadvantage if you buy Irish domiciled US etf. One more advantage of buying US domiciled etfs is that the trading fees are lower.

You missed a very important point:

https://www.reddit.com/r/dividends/comments...o_more_popular/



In the long run holding an underperformer/overperformer for 4 quarters instead of 3 months will introduce extra volatility. And volatility is bad for returns in the long run, you can already see that obviously with those leveraged ETFs like TQQQ, SQQQ etc. (at the more extreme side that is).

This post has been edited by TOS2: Jan 19 2025, 12:49 AM

yea i find it more appealing to buy us domicile etf due to the lower price and fee, the fee just so much cheaper than Ireland domicile, I will need to put a lot more in a single trade if i buy Ireland domicile to lower the fee ratio charged. Any opinion if i put CSPX, SCHG and SCHD in my portfolio? The ratio maybe 4:4:2.

watermineral can do as per my suggestion

This post has been edited by Medufsaid: Jan 19 2025, 10:05 AM

Schd annual dividend yield is 3.7%. You are donating extra 0.5% to uncle Sam annually https://www.nasdaq.com/market-activity/etf/...ividend-history

Schg is ok

SCHD high dividend i am aware of that.. so looking for ireland alternative on this also. i will think on your suggestion. and have other question for now, i not sure which funding method work cheaper, wise or bank ach. if bank ach, then i need to open a sg cimb account? or local bank multi currency account will do the same.

watermineral ach is local USA Banks. If Singapore, will be using FAST to transfer SGD.

Local Malaysian MCA can't send USD using ACH. Will have to use swift

Wise/ach (normally malaysians convert to USD inside wise and ACH to IBKR) differences is pennies. But SGD can cut your fees by almost half

This post has been edited by Medufsaid: Jan 19 2025, 02:17 PM

i see.. will try to open a sg cimb account to test thing out. thank you for the info

watermineral nowadays CIMB SG requires you to send S$1k from CIMB MY (additional costs of RM30)

if u don't mind having a second sg bank account, open MBB sg ar-rihla (minimum balance S$200 required else there's S$2 monthly fee) first https://www.maybank2u.com.sg/en/personal/cr...casa/index.page , then only open CIMB sg. this will avoid that greedy RM30 surcharge that CIMB wants

This post has been edited by Medufsaid: Jul 18 2025, 04:34 PM

My friend suggest to open Maybank SG. Maybank MY to SG transfer is just RM10 fee.
Slightly cheaper than CIMB.
I have not tried Maybank SG to IBKR though - dare not try in case fees is high as I am now exploring Wise as a possible channel.

Yesterday there was a conference by Piranha Profits aka Adam Khoo. Did anyone here attend? I see that he use IBKR. Very reassuring!