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Anonymous

07 Jun 2019

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General Investing

Will you consider exchanging money (eg. SGD to USD) via the use of money exchanges or online (eg. Transferwise Borderless) as a means of investment?

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Yixiong Chang

07 Jun 2019

That would be more of a speculation than 'investment'.

You don't earn interest on your physical money too.

There are other vehicles to use if u wish to have a view about currency direction

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If I’m investing using USD via Standard Chartered, is there a way to transfer USD via transferwise or other similar platforms for the use of investment?

I want to buy US ETFs (eg. S&P 500 ETF) while working and earning SGD in Singapore. Considering (i) commissions and (2) conversion rates from SGD to USD, which online broker is the cheapest?

Should I use transferwise to convert SGD to USD for US investments?

How can I fund my Saxo trading account (base currency USD) from a Singapore bank account with SGD balance? Can I use money transfer service such as Transferwise or Instarem? What's the cheapest way?

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