Ive been in the US stock market since 2019. Right now all my funds are in TD Ameritrade (Singapore). Im just concerned about leaving everything on just 1 platform since ill be holding for the next 20-30 years.

Do you guys split your US stock investments and if so what other good and stable alternatives are there? I dont want those fly by night type of platforms like Robinhood, etc.

Can transfer to other platform

Yes split

I dont want to transfer. Just want to create a second fund in a separate platform thats reliable and safe for the next 20-30 years.

Ok also then

But growth might be small, diversify elsewhere.

I think the US stock market is driven by growth especially large cap tech. Why do you think growth will be small?

You can start opening account using interactive broker, tsstytrade and first trade.

For me I don't bother. Cause people like chicken genius and Adam khoo got millions inside the brokerage.

Also my brokerage which is interactive broker very kiasi and got 0 debt/borrowing. So no issue for me.

This post has been edited by Ramjade: Sep 19 2023, 06:31 PM

Still using TD(sg) so far ok la.
Deposit and withdrawal also quite fast.

Let see how it goes after fully migrated to Charles Swabb.

How difficult is it for Malaysians to open up a Interactive Broker account?

Very easy. All online.

Risk high these day. Better keep in other instrument.

What are these risks you are referring to?
Also what other instruments?

This coming from Teslaman 😂

Yeah tech is definitely overvalued at the moment hence we are waiting for buying opportunities

I am using rakuten. So far so good

Not for long term holding of significant amount. Rakuten can bungkus anytime and you will lose everything. If short term trading its fine.

Tech is always over valued. Thats been the case from Day 1. Most of tech is valued based on future growth so over valuation is a given. The risk comes when share prices trade above the average future PE trend.

Why bungkus?
Rakuten is using ibkr back end if not mistaken.
And rakuten is big japan company.

Not so easy to be bankrupt coming from their Japan business 🤦‍♀️ also they are just using the branding for Rakuten while the assets are being managed locally by Kenanga

Yes back end by IBKR but the branding only use the name Rakuten hence you should not be worried because it is held locally and managed by Kenanga itself

Assets are held by Kenanga?

Yes 🤦‍♀️ otherwise how do you think are able to get SC approval for DAX

The assets are held locally in custody trust under the requirements of restricted CMSL license held by them

This post has been edited by xander2k8: Sep 25 2023, 03:06 PM

Since you got TD, hope you find this insightful.
27 October 2023
Beginning 27 October 2023, all remaining non-Accredited Investor accounts will be charged a monthly account maintenance fee of USD $50. Accounts with cash balances less than USD $50 will only be charged an amount to reduce their cash balance to $0 (zero). 

Current Retail Clients - Take Action

Starting in December 2023, TD Ameritrade Singapore will focus on Accredited Investors only—discontinuing services to non-Accredited Investors. We are grateful for the opportunity to have served your investing needs over the years.
If you do not wish to become an Accredited Investor or if you do not meet the requirements, you’ll need to act immediately to avoid any account impacts, such as fees and restrictions. 

You should have received an email from TDA Singapore this morning.

Otherwise, visit more information at: https://www.tdameritrade.com.sg/retail-clients.html