Some kind poster direct me here. Anyone can answer?

Qn 1
The etf we bought will be under the custodian of IBKR correct? Can we say buy from IBKR and then to sell you use other platforms?

Qn 2
Can we transfer etf we bought from other platform into IBKR?

Qn 3
For Sporean can we use our CPF to buy?

Ooh so IBKR and TD Ameritrade all deal commission fees with USD I see. So need convert to and fro. Then their so call low fee I need to factor this currency exchange factor hmmm.

Then to me ETF is just like stock trading only diff is ETF counter is a basket of stocks. This is slightly riskier no wonder cannot use Sporean CPF only can use cash trade.

TD is 0 for US exchange listed stock, ETF if other country exchange need pay fees.

Thanks for info. I will slowly digest.

This post has been edited by sgh: Dec 10 2021, 08:07 PM

Actually once I know ETF trading style is like stock I roughly know what I am getting into. Ask price bid price sell down buy up for stock applies same for ETF. Contra, shorting are strategies too.

I am now comparing the fee between FSM and IB. Due to currency exchange it is not just 0.08% it is slightly more but still cheaper up to a point since it is percentage while FSM is flat rate 8.80 So if my per trade number of shares are high the 0.08% + currency exchange means it is not that cheaper anymore which will surface as contra shorting I need many shares per trade.

Seriously if I go back to contra shorting which etf to buy doesn't matter to me key is the trading volume must be high and I just use that Etf as a tool to make monies. That etf fundamentals theme etc mean nothing to me. Dividend is even useless irrelevant.

Thanks all I now have a better picture of etf. No wonder I see so many platform they lump them as stock/etf as one item. ETF trade like stock just that it is a basket of stocks represented as one counter.

This post has been edited by sgh: Dec 11 2021, 03:06 AM

But if I contra or short I am making 10k to 100k shares per trade and the percentage is based on that total value no? So the more I perform buy,sell the fees start to add up as it is percentage.

Noted but TD zero is for US exchange stock,ETF other country exchange is expensive per trade.

I will check IB on their settlement is it T+7 or T+3 as this is crucial I need to sell all within that time period. Also how much limit am I allowed for each account. Long time ago my friend buy trades up to 1 million shares until get blocked. Was asked to clear his previous trade first before start next trade. Contra and short investors do not hold stocks, ETF they are in for monies which require full-time monitoring fast internet and uninterrupted electricity.

Margin means use X dollars to buy stock, ETF that are much more than X dollars worth of shares in a single trade correct? Such investment like contra short requires full time monitoring but I still held a full-time job. I will gather info first.

Long time ago I attend seminar on forex trading a pair of currency and make profits,losses based on their fluctuations which also need constant monitoring.

Thanks all for sharing this highly profitable/losses investment. They are still better than play at casino. Spore casino before enter Sporean lose $150 entrance fee!

Buy and hold wait too long. Contra or short I can make profits,loss within T+3 days. But I do agree buy and hold another way. I am noting down all the different strategies by getting info in this forum.

Thanks all for your sharing.

PS many years ago I lost monies in contra short still got a grudge inside. I want to get back my revenge AFTER I retire with some spare cash to play.

Hmm... I think the fastest monies is go casino play big small. 100% to 0% (or 100% to 200%) in a matter of minutes

For SGX HKEX or even China A shares it is best to scout around do not everything use one broker. In investment diversification is impt and for me broker diversification also impt. We never know if broker go ahem. E.g Lehman brothers, Arthur Anderson former one of the big five accounting firm all big name also can fall so have some backup IMHO

Can I ask in real life how old are you? 2017 till now is too short. Wait it will come. I start invest from year 2000 until now 2022 met a few close call and that is 22 years. You wait another 20 years sure will kena I predict and your wish will be granted

The key to this is how does that investor know "things are cheap" ? Cheap based on his interpretation ? If every investor is able to catch the lowest bottom then we have a lot of rich investors isn't it ? So I am thinking that investor buy when cheap is based on his interpretation and not the lowest bottom logical?

I started in 2000 so yes I been through 2008. My earlier reply was for the earlier post how that investor know it is cheap? By his interpretation correct?

As for your next post topic yes time when everyone exit is when you enter it is only whether one got the nerve to tap the Buy button.

Thanks for sharing. So he also belong to the camp called dividend warriors kind. I think dividend Vs capital gain has been argued for years. For me I go more for dividend why? If I no job the monthly dividend act like salary. If capital gain you need to wait and during waiting period what you eat? The best is a mixture but what should be the ratio is up to individual.

Alot of US has 30%, Irish 15% tax on dividend. Reason why I go for Asian market stocks Dividends and get indirectly exposed to US via mutual fund for which some pay monthly dividend

Yes correct. For retiree can treat those dividends like your monthly salary when you are in your working years.

Once you dabble into investment be it REIT,stock,ETF etc all can go bankrupt or delisted. Indeed I kena S-REIT delisted lose monies. Stock also. Now waiting for ETF to go bankrupt or delisted.

That is why always diversify your investment instruments for which I am. Bank FD, insurance endowment plan, UT, REIT stock and most recently into ETF both Asia and US. For each new investment I go in I always ask the simple question how much capital I need to fork out before I can join the game. The recent foray was into US ETF via Syfe with really or should I say super low capital no need 100 in fact 1 dollar also can if you want. Thank you Syfe!

Fees is big difference. But if local broker means your shares is with local broker. IBKR is overseas broker so shares reside overseas. If this is not a concern then IBKR is cheapest. Why I need to flag this is becuz there exist investors willing to pay more to see their shares aka assets residing in local for preference at the expense of higher fees.

Dunno about you all but ain't paying USD 2 for each conversion expensive despite they give good rates? Also by default IBKR not giving live data it is delayed if want need to pay. So despite paying 35 cents there are actually trade off. For IBKR spore still need pay GST. To be fair there are still pro.

1. USD 2 look expensive when you change small amount so best change big amount. But change already monies stuck as USD waiting to be deployed
2. Long term investing no need live data just buy once market open
3. GST is Spore specific so cannot complain

This is not a IBKR bashing post just recently I also open and compared to Syfe so making comment. And IBKR UI is legendary in current year 2022

Fractional shares is for investor with tight fist so if you got monies buy full share best buy full share

I agree but some stocks are so easily known GOOGL AAPL MSFT products services are everywhere in our lives in alot countries except China maybe. Hence these tech stocks future should be ok at least for another 5 years IMHO

Thanks for sharing. I buy SMH ETF instead as there are just too many semicon companies to buy as individual stock.