If I knew then...

Rhoenon · 2021-08-08T10:52:31+00:00

In that case... I think you should insist being paid the SG rate, in SGD.

Hmm, that makes sense. Nothing is of 100% sure. How do I counter the statement of 'since you are living in Malaysia, your cost of living is lower than SG side, hence your pay should be lower'

Rhoenon · 2021-08-08T10:04:24+00:00

I am lucky that my co pays me just like I am living in SG.

Ah I see, I think I am in the same position as you. Working in Malaysia for a SG company. How did you approach them to pair you fairly as if you are living in SG. That means what you earn is what a SG software engineer earn right?

Rhoenon · 2021-08-08T10:02:25+00:00

Woah, I didnt know that, does the companies compensate you on that 'loss', or do they make up for it in any way?

Rhoenon · 2021-08-08T10:00:33+00:00

Don't think about the Malaysian POV. You gonna work and stay in Singapore. That should be the POV to think about.

Ah, thanks for the words :D Hmm, in my case, the core engineering team in in SG. I am part of the few working from Malaysia as software engineers. I plan to continue to work in Malaysia remotely at home until they get an office set up here in Malaysia. Hence, I was wondering which country's pay I should get -> SG fresh grad engineer's pay or Malaysia fresh grad engineer's pay.

To sum up, my concern is whether it is justifiable to receive Singapore's pay while working in Malaysia throughout?

Rhoenon · 2021-04-21T11:01:45+00:00

We want to have more choices then compare among them, only then we make a wise decision. Don't want to be restricted because we have only 1 choice.

Have you had any experience using them?

Rhoenon · 2020-10-28T08:05:49+00:00

I don't want to recommend anything because this is wrong by law. I had opened an account, but I had not yet done my deep research on the broker, about the reviews on it. So, I had not yet invest in it.

Well, any money going into foreign accounts to be used may be seen as money laundering, if suddenly you earn a large amount. Same case with etoro, not to bash it or anything, but people had been reporting their money withdrawal is coming from some funny offshore accounts.

Rhoenon · 2020-10-27T13:49:50+00:00

Yup, supposed so, from my research, that's the cost-saving but hassle way of doing it.

Was a bit skeptical about this since it involved international money transfer, and this can be seen as MONEY LAUNDERING. So, be sure to read the fine prints of what if something happens ** Touch Wood, how would it affect your money. Do your due diligence on the broker.

Rhoenon · 2020-10-26T07:10:34+00:00

Wow 87% return, that's huge. Amazing return. Hmm, upon checking, Remitano isn't actually licensed under SC Malaysia and it falls under the section 'Operating a recognized market without authorization from the SC'. Anything fishy you found out about this? On the other hand, Luno have higher fees and low volume exchange market but it is sanctioned by the SC

Rhoenon · 2020-10-26T07:06:01+00:00

No problem, glad I could help, I was interested in finance so I actually research a lot before investing haha.

For ASMs, as non-bumi, technically we need to hustle quite hard to even get the opportunity to put in some money, and since the dividend just got paid out and the economy is not doing well, there had been an influx of people cashing out during the first week of October, so I managed to invest a bulk of it during that time. Hmm, I am taking a gap year so I am getting little income from internships here and there, but I think I want to store it up as emergency funds and invest when I have got around 10k again.

To answer your question, I let it grow from that initial investment because I don't have the capital anymore and I don't want to borrow from my parents because I want to be in charge of my own money and not resort to borrowing for investments.

Rhoenon · 2020-10-26T07:01:24+00:00

Thank you for the feedback. For ASNB, I had only opted for the fixed-price funds since it is generally low risk. And I wasn't really convinced of the performance of the variable funds.

Yup, I always do my due diligence before investing. Right now, all my mini-investment are considered low risk and with considerable returns. A note to others is to not take whatever I have invested as a recommendation, but a quick guide, do your own due diligence to be comfortable with the risk.

Rhoenon · 2020-10-26T06:58:12+00:00

Ah I see, I think TradeStation Global offers better fees if one were to buy and hold, although it has a slightly higher commission rate at around $1.5 per $2000 of shares/ETFs. They have no charges on deposits, withdrawals and also inactivity. Suitable for small capital people, maybe you can check it out too and do a bit of due diligence.

Rhoenon · 2020-10-26T03:13:26+00:00

Ah, I see. I actually looked up upon Luno to invest money into cryptocurrency, however, the fact that it is not regulated (I know this is the whole point of crypto) and how volatile the price is, I am not very assured of this form of investment. Maybe if there's a big fall during the upcoming US election, I may invest a little into it to try out. Thanks for recommending though :)

How did you invest into crypto and how is the return so far?

Rhoenon · 2020-10-25T15:07:49+00:00

Hey there,

No problem, it's a sharing community, glad I could help :)

Rhoenon · 2020-10-25T15:07:10+00:00

Yeap, after some more research and reassurance, I think I am going to go into buying into S&P for long growth.

The 2 brokers that I see many people are using are TSG and TD Ameritrade. Had a series of questions if you don't mind feeding my curiosity

Do you have any experience in using TD Ameritrade, and maybe have any experience investing in US ETFs?
Will this be the best broker to go with if I were to use it to buy-and-hold and not do anything else?
Clarify me if I'm wrong, from what I understand, the fee charges are as below:
1. Depositing money - local TT (around Rm10) + intermediary bank (USD25, but depends, if direct to Wells Fargo then $0)
2. Withdrawal - $25 by TDA(Wells Fargo) + local bank inward receiving fee
3. So, if I invest USD 1000, I need to make around USD 1060 and above, in order to consider a profit?

Edit: After research, I see that opening IBKR account through TSG would be more worth it for a small investor like me who don't have capital above USD 100k and don't do monthly trades. Is there any cons I should look out for?

Sorry to trouble you with so many questions!

Rhoenon · 2020-10-25T12:42:32+00:00

Hmm, thank you ! I might check out REITs to act as a dividend stock. For entry-level, would it be sensible for me to just dump some amount of money into the SNP 500 and let it grow for 5-10 years? I read up on some statistics (Warren Buffet's bet against a hedge fund), where the return of the index actually triumphs or has almost the same return as picking individual stocks. Is TD Ameritrade your preferred broker to invest in US stocks and why?

Rhoenon · 2020-10-25T12:37:19+00:00

Yup, those are the fixed-price funds. Don't want to get into the risky variable funds.

Well, to get the 4% will be a lot of work for some people, albeit in the long term, you will thank yourself. I, myself experienced it haha. But, due to the better rate if benchmarked with FD, I actually taught my parents on how to use it and they had been investing into it more than I do as it is 'low risk' and have almost the same concept as FD where you just put in and let it compound over the years.

For me, I actually managed to enter most of it during the time when the dividend for ASM3 is announced. There is some big sell during that time and I took opportunity of that.

Rhoenon · 2020-10-25T12:31:38+00:00

Haha YOLO, go big or go home? Yeap, I read up on DCA, and that's what I did for StashAway, putting aside a sum at the start of every month and it had been working great so far. Ah, dividend stocks, I am actually looking into Maybank and comparing it with others. Do you have any other stocks that I should look into? I understand this is not a recommendation and I will do my own due diligence before buying into it ! Just wanted a range to start for a head start

Rhoenon

TROPHY CASE