Long Term Investment in Foreign Stocks

[funman168]

I see, dbs vickers had changed to start charging custodian fee. Thanks for the info.

[director66]

Just went to open a SC online trading account too. Thinking of buying and holding US stocks. Will be buying around 500 bucks worth of stocks every month which works out to be about $5 expense(comms + forex spread)...reasonable for me.

I'm using standard chartered now as well. From what I compute based on goog exchange rate. Seems like Stan chart, if u wanna do a round trip forex conversion back to sgd. will cost u about1.5 percent. Meaning 0.75 percent per conversion. Best is just leave the forex in the foreign currency to continue investing lol.

Adding onto commission cost for buy sell. One round trade using Stan chart cost more than 2 percent. Better buy those buy n hold stocks LOL.

Anyone else got other platform to recommend?


Anw side track abit, I'm recently thinking abt how much worth of stocks shud I leave in Stan chart as I grow my portfolio. I'm not rly feeling secure abt Stan chart platform n stocks are not covered by deposit insurance scheme. Does anyone know the fact that stan chart doesn't charge custodian fees n it's unique brokerage model affect our money recovery in case of a bank failure or fraud? (Stan chart is safe but not as safe as the local sg banks lol)

[funman168]

I am thinking of accumulating abt $200-300k worth of HK stk.
Any recommendation for broker? Safety is one of the key factor I will consider

[Tiggerbee]

I am thinking of accumulating abt $200-300k worth of HK stk.
Any recommendation for broker? Safety is one of the key factor I will consider

Almost all the brokers allow you to trade HK stocks. You should go for those brokers with significant operation scale in HK, eg. DBS, Kim Eng, Phillip, CIMB, etc. Their in-house analysts are covering numerous HK listed stocks.

I myself is using Phillip HK as I trade quite a fair bit of HK stocks. But the only draw back is that funds transfer is more troublesome. Otherwise, you can go for any local brokers to trade HK stocks but at a higher commission rate. It doesn't matter if you are doing long term investing. Some brokers will waive your custodian fee, depending on your relationship with your remisier. Typically, Phillip will waive off the custodian fee if you execute like 3 trades a month.

[funman168]

Thanks tiggerbee.

I am thinking of accumulating abt $200-300k worth of HK stk.
Any recommendation for broker? Safety is one of the key factor I will consider

Almost all the brokers allow you to trade HK stocks. You should go for those brokers with significant operation scale in HK, eg. DBS, Kim Eng, Phillip, CIMB, etc. Their in-house analysts are covering numerous HK listed stocks.

I myself is using Phillip HK as I trade quite a fair bit of HK stocks. But the only draw back is that funds transfer is more troublesome. Otherwise, you can go for any local brokers to trade HK stocks but at a higher commission rate. It doesn't matter if you are doing long term investing. Some brokers will waive your custodian fee, depending on your relationship with your remisier. Typically, Phillip will waive off the custodian fee if you execute like 3 trades a month.

[pianist]

why foreign stock and hk?