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Stocks Discussion

Stocks

Jacqueline Yan
Jacqueline Yan

()

Level 4. Prodigy
Answered 8h ago
I'm not investing in US stocks at the moment, but from what I read, some people will choose to reinvest their dividends. This way, they won't get taxed for their dividends, and they will also be able to buy more shares.
Kenneth Lou
Shared by Kenneth Lou

I was actually observing the Hang Seng Index drop quite abit when the protests were happening but was afraid to get in. What about you? :) Anyone captured this unique opportunity to get in?

Hong Kong shares jump to 1-month high on news that Carrie Lam will withdraw controversial Bill

Hong Kong's main stock benchmark surged more than 3 per cent after media reported the government would formally withdraw the proposed extradition ...

www.channelnewsasia.com

05 Sep 19
2

Investments

Online Brokerages

Interactive brokers provide you with a local bank account number. Do note that this number may be different from another Singaporean who opens an account, they have separated accounts. Do a local FAST transfer of SGD, with no extra fees no nothing. Take your SGD to convert into USD or whichever currency in IB for the best forex rates, way better than most banks.

Regular Shares Savings Plans (RSS)

Investments

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If you have a large capital, the downside is market keeps moving up, and instead of a full lump sum, you are only dipping your toes. But then, the other side is true too... if the market slides down monthly, you will be glad you doing RSP. RSP will have more fees than a big lump sum now and then. I think if your RSP is $200 monthly and above, probably is fine. If your RSP is $50, maybe instead of monthly, maybe combine and do quarterly?

REITs

Brokerages

Online Brokerages

Dividends

I think the main fees to look out for are the commissions. All local brokerages should work fine for REITs as they have access to SG markets. If your brokerage account is linked to CDP and your bank account, dividends will automatically appear in your bank account when its paid out.

CPF

Investments

Online Brokerages

Brokerages

Hi Fred, POEMS will allow purchase of ETFs/UT/Shares with CPF OA monies. As we are a CPF Investment Administator, your ongoing costs can be lower than going through the bank directly (e.g., there are no sales charges on UTs bought on POEMS)

Investments

Stocks

Online Brokerages

Harvey Tan
Harvey Tan

()

Level 5. Genius
Answered on 28 Jul 2019
Interactive broker

ETF

Online Brokerages

Investments

Darren Chew
Darren Chew
Top Contributor

Top Contributor (Jul)

Level 5. Genius
Updated on 27 Jun 2019
Based on what i know, you can't invest on S&P 500 ETF on a monthly basic. The alternative is to invest in a Unit Trust fund that invest directly into S&P 500 index. The unit trust name is Infinity U.S. 500 Stock Index Fund. You can invest this on POEMS platform from $100 per month and there are no sales charges, switching fee and platform form. However, do noted that you have to first invest $1,000 into this fund as that is the minimum investment amount required before you can commence your monthly investment. Hope that help.

Online Brokerages

TransferWise

Dany Leong
Dany Leong

()

Level 1. Freshie
Updated on 30 Jun 2019
I have. They are very good and you save loads in fees. I’ve used it to transfer 300k of funds to NZ and some large sums to Msia.

Investments

Online Brokerages

ETF

Similar to Kenneth, I use FSM One as well and the main reason is the tranferring of money. I noticed that other brokerages either utilises Wire transfer or cheque but FSM One allows bank transfers using FAST which allows same day transfer, saves the hassle of having to write a cheque etc.
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