For Cimb sg first sgd1k deposit,  I do this unintentionally,  I asked my brother who working at sg to fast transfer sgd1k  to my cimb sg account,  I thought this will fulfill the account opening requirement, but later cimb cs called and told me that they can't do verification as the source account is not from my account,  she advise me to make a transfer from my Cimb Malaysia account to cimb sg account,  so they can verify me and activate my cimb sg account.  So I just make another sgd 10 (about rm30++) from my cimb Malaysia account to cimb sg account,  and my cimb sg account get activated next business day and received pin via SMS for cimb click registration.

probably try until you pass type... no incentive for them to block you... all these basically to cover their ass lah imho

anyways good luck

if you failed they will ask if you still want to trade options, just choose to continue trade anyway and they'll let you through.

hi i am looking at IB, had been using TD for sometime

few question would like to know here

1. how is the platform for stocks & also for option
2. What are the charges
    - Opening account
    - Trading for stocks
    - trading for option
    - OTC
    - Wire transfer in and out

3. Where are the nearest branch or just in US alone

4. I notice from the front page example for CIMB other not sure

5. How long to open the account

6. Is it allowed to day trade, any minimum charges or capital amount

7. what is the minimum amount to depsoit in order allowed to trade

My recommendation may not be suitable for you Why is that? I am high risk investor for long term holdings and I buy stuff without dividend and sell options to generate my own sort of DIY dividends.

I said multiple times who cares about dividends when you can sell options to generate your own DIY dividends. Do you want peanut dividend of 0.x-1.x% net dividend tax or do you want to generate your own dividends in the range of 10-20%p.a. I know which one I prefer.

Hi Sifus, any ideas or recommendations for which US stocks to invest on? Looking for high dividends which can generate some passive income in the long run~

While what Ram says make sense, it is important to consider after-tax yields too. If the after-tax yield is the same as the peers in SG, HK or the UK markets, you can consider them too.

https://www.investopedia.com/terms/b/bdc.asp

Sounds like Astrea bonds to me, but in the form of equities rather than debt securities.

only you can decide what kind of trader you wanna be...

got friend is kanchiong scared to lose type... so spend few hours every day on dedicated scalping...

me is tidak apa type... swing a few week, sometimes trapped end up position trade with big draw down... never monitor for months on end... lol

but still... market gives everyone good opportunities to win... casino only random few... another friend is pro gambler genting 9-5 type... if got good discipline can still beat the house

I did before with DBs sg bank. No issue. No fee. Took same day for Ibkr to accept it.

For Malaysian, I am sure you have to pay to pay tt fees.

bro... you give me your account I trade for you...

oh I forgot past 9 months I no motivation to trade...

bro you opened ibkr account ar?... or just lurking here...

Don't think he will ever use Ibkr. He prefers to give free money to his bankers.

The day he actually open and use Ibkr as his main brokerage, will be the day I belanja him makan.

dwRK Hansel

A tax question (today is Roche's ex-date. Dividend coming in in 3 days time.)

If assume I stay in SG for 90 days (circa 3 months), and divide the rest of my time in 2022 evenly in Malaysia and Hong Kong, i.e. say 137 and 138 days, respectively. (of course unlikely so exact since I am most likely a HK tax resident for 2022, but just a hypothetical question.)

That means I will not be a tax resident of either SG, MY or HK. So if this is the case, where does my tax residency belong too? And how am I suppose to reclaim my withholding tax if I am not a tax resident of all 3 places?

Wow I can prefer my tax residency in certain locations? That means I can choose my tax residency?

From what I have checked, based on dwRK's advice, the latest version of HK-MY DTA. https://phl.hasil.gov.my/pdf/pdfam/Hong_Kon...UA_366_2012.pdf

Based on the (English version) Article 4, "Resident", I am a MY resident which is the case if I stay less than the 180 days in a year of assessment (or less than 360 days in 2 consecutive years of assessments). But if I meet that requirement, I am considered to be "domiciled in Malaysia", so "by reason of domicile", as paragraph 2a) says I am deemed a resident to Malaysia since my permanent home is available there.

So, to me, there are no two ways about it, I am a MY tax resident. At least that is how I interpret the DTA. You have a different view?

Also, unrelated to this, Takudan have you tried claiming your Nestle WHT from Swiss FTA before? Just want to know the details of the TT fees charged. If I use a local bank account like Maybank I need to pay for the inbound TT fees? What if I use my SG CIMB account, since the TT fees are waived, I presume that can be used to receive the money (i.e., in SGD)?

Thanks.

Lai lai aspiring corporate lawyers... Hansel 


[/spoiler]

It all stated from the link above. Back then I was just curious and it's small talk of some sort. Then with Hansel's encouragement, I started emailing the Swiss Federal Tax Administration for further details about how to reclaim WHT etc. That's how I slowly acquire the necessary knowledge. You can always email the FTA via the link below and a "tax specialist" will reply you within 1-2 days.

https://www.estv.admin.ch/estv/en/home/fta/...patory-tax.html

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

I have PMed you my LinkedIn and contact details.

I am still a full-time student, so I have free time between classes and sometimes one 1.5 hour class a day. Next time when I start to work, maybe things are different. We shall see then.

There are comments here previously about Wise transfer to IBKR having AML issue. I think it's around 2-3 members getting queries from IB on AML matters and it seems to be USD having problems. (Those members usually use ACH transfer from their Wise USD account directly into IBKR's USD cash balance). The advice from me is the same as Ramjade, you are better off with an SG bank account (Maybank SG/CIMB SG) with your own name and transfer funds from there. Then there is no room for dispute. Fintech are good for transferring funds between Malaysia and SG bank accounts in this case since both receiving/sending party is you, again no dispute.

However, I personally tried transferring CHF directly from my Wise CHF cash balance (no CHF account details, so in terms of AML, worse than those with USD account details) directly to IBKR. I transferred 899.50 CHF (0.5 CHF is Wise transfer fee) and received it in IBKR under an hour around 4-5 pm Malaysia time. Maybe the amount is small and just one-time, so it didn't trigger IB compliance department's alert. In the future, it's best to do double conversion SGD -> USD -> CHF if the amount is large to be safe. You won't lose much as IB's rate aren't too bad.

 

And as you can see in the date, I started investing this year around end of January.

Use FSM for sg stocks. Not sure how tiger or moomoo handle rights.

If you like 2-3%p.a interest like FD then yeah. Paid in SGD. Bonds by government. For me not worth it. Why?

One round of ascendas REIT dividend easily ~5.53%p.a so you do the calculation.

I will rather buy ascendas over ssb. So what if overshoot? If it goes lower, I will just buy more.

I am working extra part time now to generate more cash for upcoming crash. I believed we will be there.
Extra 20-50% of salary every month really helps with firepower with options premium make big difference in able to keep buying.

Bro, I don't have unlimited firepower. What I do have money keep coming in from options and part time job (50-100% of my current pay) Good enough for me to keep buying.

Because it's kinda of iron bowl sector. Rain or shine, people still need to use the service that I am in.