that is not the contract note, the contract note is a PDF that you can download. this is not the first time you are buying right?
i dont think it is indicative....full transaction amount(purchase + all fees) in my trading account balance is definitely deducted liao leh
that is not the contract note, the contract note is a PDF that you can download. this is not the first time you are buying right?
Someone also mentioned in *Official* Shiny Things thread that it is indicative.
Maybe you should do manual calculation of the trade.
Help market is crashing I am panicking
Shiny,
What are your thoughts on IDAP.L?
Hi Shiny Things!
Stamp Duty for UK/LSE ETFS
I just bought my regular VWRD from LSE and saw the fees from standard chartered!! Brokerage was low as usual. But what surprised me was the stamp duty! wow that stamp duty charged was double my brokerage fee
Anyone encounter the same issue ? last year i remember no stamp duty charged on LSE etfs.
Hey shiny things, ask you something huh, if will IB close my account if my balance remains zero for many months?
@bbcwatcher
Hey all
neglected my investments for a while now so doing some housekeeping this end of year so as to better plan for 2019.
got a qn about this 110 rule thingy. Does the SSB or CPF count as bonds? Or as cash equivalents? Do i disregard SSB and CPF and only count like the ABF as a true bond?
Advice greatly appreciated thanks!
Well, what do you count it as then?i dont count cpf as bond.
Yes, the government could start taxing your stocks tomorrow, which is much more likely (in any rational analysis) than the government taxing CPF assets. But they'd still be stocks, and you wouldn't stop counting them.There is still risk if government can change rule....
It's not too important.For portfolio size of six figures and up, how necessary is it to have EIMI in addition to IWDA? If EIMI is just 10% of the global portion, it's not really that significant right? Is there a good case for including or excluding it?
Well, what do you count it as then?
Yes, the government could start taxing your stocks tomorrow, which is much more likely (in any rational analysis) than the government taxing CPF assets. But they'd still be stocks, and you wouldn't stop counting them.
This isn't complicated. All assets count, so count them. You can add footnotes or asterisks if you wish, but count them.
That's not an asset class for purposes of making portfolio allocation decisions.Can count as property downpayment
Or not. The government has lots of power to change whatever rules it wishes. The government could levy a 90% tax on "short-term" stock capital gains, for example. (Would that give you pause?) Practically anything is possible, and most things have happened somewhere in the world at some point.yea they can tax stocks but at the end of the day u can choose to liquidate and withdraw whether at loss or profit.
In fact, you do, and under current rules. You're free to terminate your status of/with Singapore, leave Singapore (and the immediate region), and withdraw every single dime of your CPF assets. If you wish. Yes, some citizens and permanent residents really do this. I don't think it's a great idea, but people do it anyway.But CPF withdrawal, u have no control.
It's an asset, so you include it.Do you still count it when calculating the equity vs bond ratio or is it supposed to be excluded from the calculation?
Hi Shiny, BBCW, and all,
I've just finished reading the past 200+ pages in this thread and Shiny's book earlier this week, and I'm extremely new to investing. I'll like to thank both of you for the insightful recommendations and replies to all sorts of questions. I'm a Singaporean (29yrs old, no dependents), currently working in Japan as I graduated early this year (am also a tax resident of Japan, it's been about 10 months since I moved here). I'm considering myself an international nomad as I have no inclination where I would settle down/retire 30 years later.
Current plan is to follow the steps you have laid out in Shiny's book, insurance, emergency fund, then invest rest into IWDA through IB but am still confused on details regarding tax.
Please excuse my newbie questions,
1) If I did my homework correctly, I'm considered a non-permanent resident of Japan. Therefore non-japan source of income are non-taxable. But I'm confused when I start diving into the details what is considered taxable. As IWDA reinvests dividends, are these dividends considered non-japan source of income if I buy IWDA them through IB using Jap local bank account? Meaning to say the Japanese government will know when I transfer Yen to USD through Japan local bank account, thus I believe the bank will report to the Jap Gov due to tax compliance. Or am I overthinking and over complicating all of it or maybe I'm just confused on the terms used for understanding tax?
2) If the answer to the previous question is yes and I will be taxed (20.315%) on dividends. Would it make more sense for me to remit Yen to Singapore local bank via TransferWise, then transfer to IB to buy IWDA, all the while eating up FX charges. I believe total FX charges would be still significant less than 20% tax. But is this considered tax avoidance?
3) Even if I don't plan to retire in Singapore, would it still be wise to invest in ETFs in Singapore, maybe 10-20% of my portfolio as a backup plan? As it's still the only country where I can fall back upon.
4) I'll like to understand more about the state nearing (7 years?) to retirement, since stocks are not currency, does it make sense to still think about returning back to SG to enjoy retirement as personal investments are non-taxable? Or am I overthinking about ramifications which are 20+ years later down the road?
5) I'm on the fence on this on self-contribution to CPF (naturally my Jap company doesn't contribute to CPF), I'll like to hear your take on this. Reading through many of BBCW replies, where if you have no idea where you'll retire, it kinda make sense to take on globalised investments such as IWDA 80% and CORP 20% of my portfolio?
Looking forward to your opinions or advice!
Let me know if this isn't the correct thread to ask for clarifications regarding tax.