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 Investing in US stocks, Does anyone know how?

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epalbee3
post Sep 13 2009, 12:51 PM

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QUOTE(GHz @ Sep 12 2009, 10:47 PM)
When did you register? When i register recently, they ask me to send all the documentation by post.
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I have just registered for my OptionsExpress, Fristrade and Zorro.
IMO, I think most people have two concerns:

1) The money is secure.
2) The commission is low.
3) The tools are great.

Going by priority, only when (1) is fulfilled then only we consider (2) and (3).
epalbee3
post Sep 13 2009, 12:53 PM

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QUOTE(epalbee3 @ Sep 13 2009, 12:51 PM)
I have just registered for my OptionsExpress, Fristrade and Zorro.
IMO, I think most people have two concerns:

1) The money is secure.
2) The commission is low.
3) The tools are great.

Going by priority, only when (1) is fulfilled then only we consider (2) and (3).
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Yupe.. KLSE is superboring..
1 cent - 2 cents.. Feel like want to sleep. sweat.gif


Added on September 13, 2009, 12:54 pm
QUOTE(zeusu @ Sep 13 2009, 12:52 PM)
what's your view on C? Especially on the reverse split issue that management has been talking about for ages...
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I think C is the biggest bank in the world.
But how come it can be nearly bankrupt? whistling.gif

This post has been edited by epalbee3: Sep 13 2009, 12:54 PM
epalbee3
post Sep 13 2009, 09:15 PM

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QUOTE(zamans98 @ Sep 13 2009, 08:51 PM)
I just signed, scan it in high resolution and send it via e-mail. Took 2 days to processed and its done.
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Do you need to post the original W8BEN form?
epalbee3
post Sep 14 2009, 10:16 PM

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which stock is the best to buy now?

epalbee3
post Sep 14 2009, 10:20 PM

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QUOTE(zamans98 @ Sep 14 2009, 10:16 PM)
gaga.

C down to 438. Maybe just inpatient to buy earlier.
Accumulate 1,000 @ 4.55 average.
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This will be around RM 20000
epalbee3
post Sep 14 2009, 10:31 PM

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which share worth to buy now?
Will US economic down again?
epalbee3
post Sep 14 2009, 10:38 PM

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QUOTE(danmooncake @ Sep 14 2009, 10:34 PM)
"which share worth to buy now?"
It depends on your investment strategy and which one you can afford.
I would recommend AAPL if you can afford it. Safe, long and sure winner. biggrin.gif
"Will US economic down again?"
That question is very broad.. it is down as far as I'm concerned.  brows.gif
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AAPl is about USD 172 per share. smile.gif

How to know the total asset per share?


Added on September 14, 2009, 10:42 pm
QUOTE(zamans98 @ Sep 14 2009, 10:36 PM)
hard to say, what I can suggest is you better have a look on the ETF. Scroll 3-5 pages on the old posting.

Normal ETF like UYG, URE (<$5) is worth a shot.

UYG example have BAC, Wells, GoldMan, Citi, Visa, Morgan Stanley, JP Morgan in their holding, rather than buy BAC which is over $15, go for UYG.

Ultra Financials ProShares (UYG)

Top holdings
Company name % Net assets
J.P. Morgan Chase & Co. 7.60%
Bank of America Corporation 6.30%
Wells Fargo Company 5.82%
Goldman Sachs Group, Inc. 3.29%
Citigroup, Inc. 2.66%
US Bancorp 1.86%
American Express Company 1.67%
Bank of New York Mellon Corporation 1.66%
Morgan Stanley 1.65%
Visa, Inc. 1.49%
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Thanks!

BAC is now the biggest bank in USA, i think it will not bankrupt then.
If we keep some BAC, once US economic is up, we should be able to earn at least double.

This post has been edited by epalbee3: Sep 14 2009, 10:42 PM
epalbee3
post Sep 14 2009, 10:56 PM

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QUOTE(zamans98 @ Sep 14 2009, 10:47 PM)
In fact, all the big sharks are under UYG. Pending Q not filled @ 550 just now when DJIA was at -25, now -9. No hope.
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I wonder how US is going to pay back their debt..
they owe too much.

yeah.. bank share are dangerous at this time. but it is also a good opportunity to buy low..
epalbee3
post Sep 16 2009, 12:38 PM

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I can see that C is going to drop to the original level of about 2, if you observe the graph carefully.
Always interested to buy it, however, just afraid internally whether they have good enough management to bring C back to earning.
I will wait until it drops to 2, then will long to earn several times.
epalbee3
post Sep 16 2009, 09:47 PM

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QUOTE(motolola @ Sep 16 2009, 09:41 PM)
C is starting to get better at walking by itself, that's why the gov is starting to let off its hands, it'll be running next year i hope!

danmooncake, what's with the sin stocks? any good news for lvs and mgm?
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I plan to buy 100 C this Friday.
Anyway, any evidence that C is better now, since they are still losing money?
hmm.gif


Added on September 16, 2009, 9:49 pm
QUOTE(mouming88 @ Sep 15 2009, 10:32 PM)
Don't sweat too much... its temporary drop is because US government is selling back the share they bought as part of the stimulus...

It means to US gov, Citigroup's capital is healthy enough for them to withdraw some of its holdings. Its a good thing as it also means C is on its way out of the bailout program...

However not sure how much it'll continue to drop as its currently trading at a premium over Treasury's conversion price of 3.25. If you have bullet I'd suggest get ready to load more of Citigroup's share...
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You mean we can buy at a premium? How to buy with 3.25?

This post has been edited by epalbee3: Sep 16 2009, 09:49 PM
epalbee3
post Sep 16 2009, 09:58 PM

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QUOTE(redken @ Sep 16 2009, 09:56 PM)
From the looks of this thread, its likely that C will breach USD4. I have my guns loaded how about u? Only a crazy optimist will wait for USD2  tongue.gif

As for LVS, we will just have to sit and wait for the pullback. Hopefully much earlier than the completion of Singapore Sands Casino in early 2010.
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C is already now at $4.25, you mean it will go back to 4?
epalbee3
post Sep 16 2009, 10:26 PM

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QUOTE(motolola @ Sep 16 2009, 10:10 PM)
i'm also one of the weirdos then biggrin.gif

looking forward to <USD4 in these two weeks

curiously citigroup's executives want the government out of the company and they're not extending the credit line further than october. i know some senior executives working at the local citibank and they're some of the most capable and intelligent financial types i know, i guess that's why i'm bullish on C. i'm going long on C, just put it aside and don't care about it, come back and check in couple of years lol
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$3.60 should be the price in October.


Added on September 16, 2009, 10:32 pm
QUOTE(epalbee3 @ Sep 16 2009, 10:26 PM)
$3.60 should be the price in October.
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But I do think that if US treasury is going to sell all C shares with 6 to 8 months, there will be a sharp decline in share price. Not that many people can buy all the shares. Moreover, that means in 6-8 months, C shares will continue to drop as there are extra high supply. You know how much share US treasury is holding? about 30+%.
kindly advise.

This post has been edited by epalbee3: Sep 16 2009, 10:32 PM
epalbee3
post Sep 17 2009, 11:04 PM

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QUOTE(zamans98 @ Sep 17 2009, 10:44 PM)
C is climbing up fast n furious. My fund is still on the way there.

For those who wanted to get C at $4 or lower, I think you all need to wait..

mH3nG, frankly I have no idea about OPTIONS and I don't want to trade OPTIONS. Sorry. I'm old skul.
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My fund is on the way too..
Will buy Friday night.
epalbee3
post Sep 18 2009, 06:20 PM

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May I know how long telegraphy transfer will take to wire money?
I am using public bank and firstrade account.
I heard it should be instantly.
epalbee3
post Sep 18 2009, 07:31 PM

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QUOTE(GHz @ Sep 18 2009, 07:10 PM)
No wire money transfer does not instantly credited to your account. It may takes 1 or 2 days if not longer.

Instant worldwide money transfer currently offered by Citibank but only between Citibank account worldwide. They called it Citibank Global Transfer. The charge is cheap too. Unfortunately Citibank Malaysia does not offer this services.
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oh my god, C price is raising but my fund dunno when can reach..


Added on September 18, 2009, 7:33 pm
QUOTE(GHz @ Sep 18 2009, 07:10 PM)
No wire money transfer does not instantly credited to your account. It may takes 1 or 2 days if not longer.

Instant worldwide money transfer currently offered by Citibank but only between Citibank account worldwide. They called it Citibank Global Transfer. The charge is cheap too. Unfortunately Citibank Malaysia does not offer this services.
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Is it possible to use paypall and credit card to fund the trading account?

This post has been edited by epalbee3: Sep 18 2009, 07:33 PM
epalbee3
post Sep 18 2009, 08:57 PM

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QUOTE(GHz @ Sep 18 2009, 08:52 PM)
When did you make the transfer? I guess it should reach broker bank account in 1-2 days & another 1-2 days to credit into your trading account.

No you can't fund share trading account with credit card. You could do that with forex account but not for share trading account.
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3-4 days for wiring money?
rclxub.gif
epalbee3
post Sep 19 2009, 01:16 AM

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QUOTE(danmooncake @ Sep 19 2009, 01:03 AM)
Let it crash!!!  brows.gif  We got two weeks!

Maybe after China national day.. the traders will come back.. and China will crash first.. followed by Japan, rest of Asia regional market.. then Europe.. then the USA!
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do you believe?
epalbee3
post Sep 19 2009, 12:05 PM

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well, i have to say that my money wire transfer took about 6 hours only to be shown in firstrade.
but C is not showing good performance and as usual I will expect it to drop to 3.5 in Oct.
The property loan for small business encountered problem too.
Consider buying it next month.
epalbee3
post Sep 20 2009, 12:16 AM

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QUOTE(mynewuser @ Sep 19 2009, 11:03 PM)
The expert also say Apr normally market will have major pull back but nothing happen.
How is the charge for your TT? Malaysia will charge about RM 10. But how about oversea bank charge?
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The outgoing charge will be RM30 and receiveing wire will be USD 15. Quite expensive.


Added on September 20, 2009, 12:17 am
QUOTE(epalbee3 @ Sep 20 2009, 12:16 AM)
The outgoing charge will be RM30 and receiveing wire will be USD 15. Quite expensive.
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Anyone can let me know is there any local bank providing cross-border trading? How much they charge?

Sometimes I will think that using US trading account is not cheap either?

Kindly advise.

This post has been edited by epalbee3: Sep 20 2009, 12:17 AM
epalbee3
post Sep 20 2009, 12:46 AM

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QUOTE(瘟神 @ Sep 20 2009, 12:38 AM)
Rate for OSK:

25USD (min) or 0.3% + 40MYR (min) or 0.6% per trade (US)

quite expensive, but with larger capital and with investing-minded should be ok if invest in high undervalued company.
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compared to firstrade - USD 6.95, I think it is quite expensive.
But thinking of the time taken, commission charged, safetly wise, if you do not trade a lot (long term investment), OSK still worth it.
I heard that minimum for HLB is USD 20. But they don't have interface, need to call.
U use OSK service?

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