*Official* Shiny Things club - Part 2

[raidorz]

Worst case you could take the SGD net liquidation value and divide/multiply by the current exchange rate.


I think it's from spare U.S. dollars if available, otherwise from the base currency if available (automatically converted), otherwise from some other currency if available (automatically converted). It's something like that.

Will the auto conversion incur charges?

 

[swordsly]

I think it's from spare U.S. dollars if available, otherwise from the base currency if available (automatically converted), otherwise from some other currency if available (automatically converted). It's something like that.

It's always from base currency.
If you don't have enough in your base, they will sell your other currencies to top it up (if cash account because you can't have negative value).

 

[ChinoGirl]

Would that be SGD10?

 

[swordsly]

Would that be SGD10?

It's specifically stated USD10 on IB website.

It's charged in your base currency, the equivalence of it.

 

[ChinoGirl]

Thank you

 

[BBCWatcher]

With no commission on the auto conversion.

 

[Dearboy87]

New Shiny member~

 

[Dearboy87]

If i do not have 10K to open a IB account for IWDA or VWRD, whats the next alternative?

lets say i have only 5K for now and taking into consideration i wish to do DCA on a monthly bi-monthly basis.





Save for another month? haha

 

[Dearboy87]

If i do not have 10K to open a IB account for IWDA or VWRD, whats the next alternative?

lets say i have only 5K for now and taking into consideration i wish to do DCA on a monthly bi-monthly basis.





Save for another month? haha

okay googled. found the answer. =/ scb

 

[longfart]

If i do not have 10K to open a IB account for IWDA or VWRD, whats the next alternative?

lets say i have only 5K for now and taking into consideration i wish to do DCA on a monthly bi-monthly basis.





Save for another month? haha

You do not need 10K to open an IBKR acct. They've already removed that.

 

[Dearboy87]

You do not need 10K to open an IBKR acct. They've already removed that.

Damn serious? When did that happened? Thanks for this info. No wonder I dont see this clause in their website.

Alright diving in again.

 

[raidorz]

Damn serious? When did that happened? Thanks for this info. No wonder I dont see this clause in their website.

Alright diving in again.

You need maintain a net liquidation value of >USD3k to enjoy USD10 activity fees, if not you'll be charged USD20, iirc.

 

[Dearboy87]

You need maintain a net liquidation value of >USD3k to enjoy USD10 activity fees, if not you'll be charged USD20, iirc.

So this means i have to invest beyond 3k?

 

[crystalnox]

So this means i have to invest beyond 3k?

You just need >3k worth of cash and stock in the account.

 

[Dearboy87]

You just need >3k worth of cash and stock in the account.

Thanks!!! =D

 

[BBCWatcher]

You need maintain a net liquidation value of >USD3k to enjoy USD10 activity fees, if not you'll be charged USD20, iirc.

It's not as demanding as that. US$2,000 or more is enough to avoid the highest (US$20) minimum monthly commission. (Interactive Brokers calls this a "monthly activity fee," but a better way to say this is that IB charges actual commissions or the monthly activity fee, whichever is higher. Thus the minimum monthly commission on total account values ranging from US$2,000.00 to US$99,999.99 is US$10.)

 

[assiak71]

There is now vwra , an acc class of vwrd
Fyi

 

[yiron]

There is now vwra , an acc class of vwrd
Fyi

Interesting. Sounds like just need to DCA into VWRA and call it a day?
But if one wants to have higher weightage on EM, then maybe IWDA + EIMI still a better choice?

 

[imwarren]

There is now vwra , an acc class of vwrd
Fyi

awesome!

thanks for the info. Funds only just started in July.

 

[cfleee]

For global equity ETFs, we are usually discussing USD-denominated ETFs listed on the LSE - but many of these ETFs are also listed in USD/EUR on other European exchanges like SIX, Euronext Amsterdam/Paris, Xetra... It seems like we should rule out SIX due to the 15 bps stamp duty on non-Swiss shares, but that still leaves at least Euronext and Xetra.

Given that both SCB and IBKR have access to these major exchanges alongside the LSE, and the exchange fees seem broadly similar, how do we decide which currency/exchange to use? Is it entirely down to the spreads available at each exchange?