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Anonymous

12 Nov 2019

∙

General Investing

Are we allowed to use our SRS account to buy Hongkong or US stocks?

Are there any platforms that allow us to do so?

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Elijah Lee

10 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

In general, it's not allowed. However, if you have a Phillip Managed Account, SRS funds can be used to buy foreign shares, but the purchase decision (which stock, what price, etc) lies with the team running the managed account.

If you have further questions, feel free to reply to this post.

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Can anyone advise which is a good platform to use to link our srs account to buy into SGX stocks?

Does anyone know of an SRS account that allows investing in US stocks ?

When using SRS to buy SSB, is it a must that my CDP account and SRS account are in the same bank?

Has anyone used YouTrip Credit Card to convert SG dollars to US dollars and used it to fund your US stocks account?

TDA Singapore only has Margin Account, no Cash Account. If I have $50k in the Margin Account and I buy a US stock with a total cost of $20k. Is my purchase is considered as a "cash investment" without any margin, since I still have $30k balance?

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