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DBS Vickers Securities

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Stocks Discussion

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ETF

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DBS Vickers Securities

Hello! It's great that you're looking at ETFs as a way to gain exposure to equities (another word for stocks). ETFs typically allow wide diversification easily. There are a few things to keep in mind when searching for ETFs to invest. 1) The gap between a positive macro-economic trend and stock price returns can be a mile wide. For example, gold was worth A$620 per ounce at the end of September 2005 and the price climbed by 10% per year for nearly 10 years to reach A$1,550 per ounce on 15 September 2015. But an index of gold mining stocks in Australia’s market, the S&P / ASX All Ordinaries Gold Index, fell by 4% per year from 3,372 points to 2,245 in the same timeframe. In another example, see the chart below on the disparity between the stock market returns and economic growth for China and Mexico from 1992 to 2013. Despite stunning 15% annual GDP growth in that period for China, Chinese stocks actually fell by 2% per year; Mexico on the other hand, saw its stocks gain by 18% annualised, despite its economy growing at a pedestrian rate of just 2% per year. So when finding themes to invest in via ETFs, make sure that the macro-economic theme you're betting on can translate into commensurate stock market gains. ! 2) ETFs can mimic the performance of a stock market index through two broad ways: Synthetic replication, or direct replication. Synthetic replication involves the use of derivatives without directly investing in the underlying assets. It is the less ideal way to build an index-tracking ETF, in my view, because there is more complexity involved and hence a higher risk that a large proportion of the underlying index’s performance can’t be captured. Direct replication has two sub-categories: (a) Representative sampling, where the ETF holds only a sample of the stocks within an index; and (b) full replication, which involves an ETF buying the same stocks in nearly identical proportions as the weights of all the stocks that make up an index. Try to look for ETFs that utilise full replication if possible. 3) Look for an ETF that is managed by a reputable fund management company. For example, Vanguard, SPDR, iSHAREs, Blackrock are just some examples of reputable providers of ETFs. 4) Ideally, an ETF should have a listing history of at least a few years, so that we can see how the ETF has actually done, and not just rely on the performance of the underlying index. 5) The expense ratio (essentially all of the fees that an investor has to pay to the provider of the ETF) should be low. There's no iron-clad rule on what "low" means, but I think anything less than 0.3% for the expense ration can be considered low. Having a low expense ratio puts an ETF on the right side of the trend of investment dollars flowing toward low-cost index tracking funds, which lowers the risk of an ETF’s manager closing the ETF down for commercial reasons. 6) The amount of assets under management for an ETF should also be high (ideally more than US$1 billion). Having high assets under managment for an ETF would also lower the chance that the ETF will close in the future. It's not uncommon for ETFs to close. When a closure happens, it creates hassle on the investors' part to find new ETFs to invest in. 7) Lastly, look for a low tracking error. An ETF's returns should closely match the returns of its underlying index. If the tracking error has been high in the past, there's a higher chance that the ETF can't adequately capture the performance of its underlying index.
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DBS Vickers Securities

Investments

Hi Anon, For queries in body text, if quantity filled equals your order size then it means that your order is completed. Share settlement is "T+2" so you will see funds in your account 2 (working) days after trade date

Stocks Discussion

Investments

DBS Vickers Securities

Interactive Brokers

ETF

Chong Ser Jing
Chong Ser Jing
Level 5. Genius
Updated 3w ago
Hi Thum! I assume you're merely looking at DBS Vickers and Interactive Brokers as serving a pure brokerage function to buy/sell the IUSA ETF. If so, there are a few things to compare: (1) What are the trading commissions involved? DBS Vickers has a minimum commission of US$25 per trade for a US-listed stock (I'm assuming here that the IUSA ETF is listed in the US). I'm not sure what the rates are for Interactive Brokers, but it's worth finding out. (2) Are there any custodian fees involved? Typically, Singapore-based brokerages charge a custodian fee if investors own foreign-listed shares. According to DBS Vickers' website, "DBS Vickers will charge a custodian fee of SGD 2 per stock per month and capped at SGD 150 per quarter." Interactive Brokers, if I'm not mistaken, does not charge a custodian fee. (3) How are currency conversions handled by the broker? You might want to find out what the indicative currency conversion rates are like since you'll be using the Singapore dollar to buy an ETF denominated in a foreign currency. Hope this is helpful!

Stocks Discussion

Investments

Multi Currency Cards

Bank Account

DBS Vickers Securities

SAXO Capital Markets

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 19 Oct 2019
Interactive Brokers

FSM One

DBS

DBS Vickers Securities

AMA 1M65

Investments

Chuan Lee
Chuan Lee
Level 2. Rookie
Updated on 12 Sep 2019
Both are about the same for purchasing. However, there is no 'cash upfront' for DBS Vickers, hence costing 25++ to sell your holdings. I'm trying out FSMone for selling since they are able to sell at $10 from those online reviews.

DBS Multi Currency Account

DBS Vickers Securities

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated on 27 Aug 2019
Yup it's pretty straightforward :) You will be able to see a cash amount in your DBS Vickers trading account. And when you make a trade, you can actually check if the trade fees will be $10 which is the correct amount.

Investments

Regular Shares Savings Plans (RSS)

DBS Vickers Securities

STI ETF

ETF

Kenneth Chan
Kenneth Chan
Level 5. Genius
Answered on 25 Jul 2019
1. Regular savings plan have lower front and back loading fee more suitable for DCA. 2. Regular savngs plan have more limited stock options to choose from (presumably "safer" stocks). 3. You do not technically "own" the stock but a unit of it when you buy stocks using regular savings plan.

Stocks

DBS Vickers Securities

Dividends

Investments

CDP will credit the dividends into the bank account you specified during account opening. If you need to change it, there is a form to do so.

OCBC Securities iOCBC

DBS Vickers Securities

AMA Investment Moats

Bank Account

Investments

Kenichi Xi
Kenichi Xi
Level 7. Grand Master
Updated on 07 Jun 2019
Most Stock Brokerage Account are linked to One CDP account. That's make buying and selling possible with different brokerage and for you will be OCBC and DBS. The only downside is transactions are not updated on the brokerage side if the buying and selling are not from the same brokerage. At all time, you should login to your CDP account to check your holdings. The downside about CDP is the pricing on average up or down is not reflected accurately so you can refer to the existing pricing reflected in your OCBC account before you delete any records from your OCBC portfolio record. From there, you can use the record you confirmed and type it into DBS portfolio record. Bear in mind you should delete the record which are redundant or are sold off by the different brokerage you used. In an event, you saw x shares in OCBC portfolio but you already sold off x shares using DBS portfolio. And if u sell the x shares with no x shares in CDP, it will be classify as short selling and you will be fine by SGX after paying the losses or receive the gain (unlikely) in the process. 我是不是很棒棒?

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DBS Vickers Securities

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DBS

Ericsson Ting
Ericsson Ting
Level 4. Prodigy
Answered on 02 Jun 2019
Hi yes,dbs cash upfront is custodian account hence the cheaper fees compare to dbs cash account. it is unlikely to sell the stock in 3 day unlless you are trading,in which case may i suggest that you look into fsmone or standard charter brokerage?
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