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 Invest in S&P 500 Index ETF in Malaysia

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TSckf80
post Dec 24 2021, 11:34 AM, updated 4y ago

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Hi,

I would like to ask how can i invest in US S&P 500 ETF in Malaysia via authorize Malaysia broker. The ETF i want to invest such as "Vanguard S&P 500 ETF".

Previously i had been advised to invest via the platform "Interactive Brokers". I am afraid if anything happen i might lost all the capital since it not govern under Malaysia SC.


Thanks
TSckf80
post Dec 24 2021, 11:48 AM

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QUOTE(shamino_00 @ Dec 24 2021, 11:45 AM)
Goto MIDF invest, it's regulated in this country. It's own by PNB.

http://www.midfinvest.com/
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Thank you is it got more option beside MIDF ?
TSckf80
post Dec 24 2021, 12:06 PM

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QUOTE(Ramjade @ Dec 24 2021, 11:56 AM)
Just go with interactive broker. Just because something is not regulated by Malaysian SC does not mean its not safe. They are regulated by US, UK, SG version of SC. Now who do you trust more? Malaysian SC or US, UK, SG SC? I will trust US, UK, SG SC more than Malaysia reason Malaysian SC is a joke. Put TD and etoro into blacklist? Come on it's a joke especially they are legal services.

Good luck paying usd5.00 Vs usd0.35 by giving MIDF free money. Interactive broker fees is only USD0.35/transaction.

Of course if you want peace if mind, I have nothing i say other than you are giving away free money to midf.

I have been usig IBKR for almost 3-4 years already and I will continue to use them going into the future. I don't care what Malaysian govt thinks. Ibkr is one of the fundamental sound brokerage. They are damn kiasi (risk adverse) which you as user should feel good about. Think of it like public bank which is super conservative. Same thing only difference it's a brokerage. Period.
Got. If you don't mind stuff which is regulated by sg govt,  FSM sg, moomoo, tiger.

I will recommend moomoo if you don't want to use Ibkr.
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Thank you for the advise. Assume i use IBKR when i perform withdrawal into my local Maybank account, if i perform the withdrawal too frequent it will cause my Maybank account being blocked ? As i heard some case the local bank might block your bank account due to suspicious bank transaction.
TSckf80
post Dec 24 2021, 12:26 PM

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QUOTE(sgh @ Dec 24 2021, 12:08 PM)
First off I am from Spore. FSM Msia do offer ETF but the fees are high compared to IKBR and others. Unfortunately they do not offer FSM Spore ETF RSP program which allow you to put small capital upfront buy and sell later with lower fees.

https://www.fsmone.com.my/etfs/get-started/stock-fees

If you don't mind pay higher fees you can consider but for me I will not as the fees are too high. Lucky FSM Spore has this ETF RSP program where with as low as 50 I can buy into an ETF and also through same program sell the fractional shares with low fees. I am testing water on this program right now. Lose at most 50 still bearable at least to me.
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Thank you

For the ETF i consider, i plan for long term investment which could more than 5 years. That why the platform safety issue is my concern biggrin.gif
TSckf80
post Dec 24 2021, 12:29 PM

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QUOTE(Ramjade @ Dec 24 2021, 12:11 PM)
No issue. Just that get ready to loose free money to Maybank. (TT fees, markup exchange rate by Maybank - less RM received as some amount have been take by Maybank,  intermediate agnwt fees).

Keep in mind, coming Jan 2022, all overseas dividend will be tax. So if I will you, I will just keep my money overseas unless you really need to use it.

You don't want to loose free money, open sg bank account, concert USD or GBP into SGD via IBKR at spot rate (real time market rates used by banks for themselves without any hike up) for usd2.00/transaction. Withdraw the SGD to cimb sg. Cimb sg to Malaysia have one of the best rate (sometimes even matching money change rate)
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Noted,

Thank you for the advise about oversea dividend will be tax.

I wonder i never stay / work in SG i allow to open account in Singapore ?


TSckf80
post Dec 24 2021, 01:14 PM

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QUOTE(Ramjade @ Dec 24 2021, 12:41 PM)
Thank you

 

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