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 Dreamer's View on Personal Finance, Thread to post my view and for questions

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netfan
post Jul 17 2007, 10:18 AM

On my way
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542 posts

Joined: Sep 2005
QUOTE(jasontoh @ Jul 16 2007, 05:52 PM)
Hi,

I'm just curious, how are we going to open a US stock brokerage account?
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WHOOA.. man.. dreamer, you just gave away the secret to backdoor investing in US.
You all need to read a few post up see 'em.

Yes, anybody in Malaysia actually can open account with a brokerage firm in US and you can even buy great stocks like GOOG, AAPL, IBM, etc. or Mutual Funds of your choice.

Also, BN kept a very close eye on how much money you're transmitting out of the country, just don't do it in one lump sum (<RM10K per transac).

As non-residents, you'll be subject to withholding or have to pay US taxes as non-resident (1040-NR), the capital gains as not subject to tax because you'll be doing arm-chair trading using your computer from Malaysia. biggrin.gif

This post has been edited by netfan: Jul 17 2007, 10:19 AM

 

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