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Bogleheads Local Chapter [Malaysia Edisi]
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pigscanfly
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Feb 15 2022, 02:29 PM
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Getting Started

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I support the formation of this Bogleheads Local Chapter. I've mostly relied on "investing from singapore" guide on the bogleheads wiki, since there aren't any malaysian guides written so far. Thanks to the good forumers on LYN forum, I have been enlightened to the ways of Bogle investing. BTW, are there advantages of choosing VWRA (USD) over VWRP (GBP)? They are just different currencies, but the underlying assets are still the same. I have read an article on the bogleheads wiki regarding Non-US investors and ETF currencies. QUOTE Non-US investors and ETF currencies demonstrates why it is that for investors in these ETFs, the only currency exchange rate that impacts long term returns is the one between the investor's home currency and the currency of the ETF's assets. During the holding period, the investor owns only assets valued in the currency of the assets. Other currencies besides the asset's and investor's own are irrelevant. Based on the above statement, are there any significant advantages of VWRA over VWRP? I am currently using IBKR. Does IBKR offer better conversion rates from USD/SGD vs GBP/SGD?
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pigscanfly
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Jun 16 2022, 10:30 PM
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Getting Started

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Don't trust. Verify. I never believe brokers/ banks/ remittance FX rates. I always compare with reputable independent 3rd parties, like xe.comBrokers, banks and remittance services are all profit oriented. There's always some fee involved. Some fees are hidden in the FX spread and are unknown to the investor, until they compared it to an independent source. Over time, these hidden fees do add up, and can be costly if the investor is not careful. This post has been edited by pigscanfly: Jun 16 2022, 10:31 PM
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