Anonymous

07 Jun 2019

∙

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?

Is it common to use platforms like TransferWise to convert your SGD to USD to invest in US stock market or people generally let their banks/brokers convert at their rates + any conversion fees?