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  • Koay Chun Yan

    Reply Reply October 22, 2015

    I have few questions to ask before I proceed with signing up as Platinum member
    1. How many stock market will PC Wong invest? If he recommends more than just US market, do we need to open broker account in each of these countries?
    2. How much starting capital do we need?
    3. I don’t prefer to use local broker for foreign share, so I would rather open account directly in brokers at each countries
    4. If there is stock pick in regular live monthly meeting, do we need to prepare for buy the next day to avoid price surging?

    • KCLau

      Reply Reply October 23, 2015

      Hi Koay, good questions.
      1. You can invest through one local broker. There is no need to open separate account with different brokers. Most of the local brokers provide the convenience to invest in different markets. So far, PC Wong has covered stocks in the Australia, US, Singapore and Hong Kong market.

      2. The minimum to start with is a few thousand ringgit. Each transaction has a minimum cost and it is not cost-effective if you trade in small amount. Check with the broker on the transaction cost and you can work out a percentage. If the cost is more than 2% of your total investment, it will not be cost-effective because you will also incur similar charges when you sell.

      3. You can also open account in each country of your target investment. The transaction cost will be lower.

      4. The stock picks shared are mostly for long term investment – at least 6 months to a few years. So the price fluctuation in a few days is not our concern. If you are “trading” or “speculating”, then the timing is very sensitive but we don’t recommend it here.

      Please don’t hesitate to ask for more clarification.

  • Lai Yin Lee

    Reply Reply February 28, 2018

    When money made from trading overseas stocks via a local broker:
    1) tax free in Malaysia i.e. no need to report the income;
    2) or need to be reported and will be tax according when we submit our income tax;
    3) or the tax is deducted by the local broker whenever we sell the stocks (take profit)?

  • pcwong

    Reply Reply March 1, 2018

    Hi Lai,

    Malaysia does not have capital gains tax and income from foreign shares investment is also exempted from tax as it is seen as a repatriation of foreign income.

    As for dividends some countries have withholding tax but there is no need to declare foreign income from dividends a’s it is also considered as repatriation of foreign income.

    Hope thus helps.

  • Rachel

    Reply Reply May 16, 2018

    Which broker would u recommend for foreign market investment?

    • KCLau

      Reply Reply May 18, 2018

      PC uses Hong Leong.
      I use WellsFargo, which I opened an account when I was there last time.

  • Siew kien Wong

    Reply Reply May 28, 2018

    why ukog share price surge up tremendously in 2017? Just because of oil price increase?

    • paul wong

      Reply Reply May 28, 2018

      The price surge was due to the discovery of oil bearing layers in the drill at the Bradford Bridge well. That together with the Horse Hill well pointed to the fact that the Weald Basin contains rich hydrocarbon structure. the price surged as a result.

      However in the subsequent flow test of the Bradford Bridge well did not perform as expected as the well suffered some technical damage and UKOG had to redrill the well.

      On top of that in another adjoining parcel where another drill was to take place was later postponed due to poor weather.

      The two incidents caused the price of UKOG to fall subsequently.

      Hope the above clarifies.

  • Henry Chia

    Reply Reply September 19, 2018

    Hello, I interested in investing foreign shares n thinking of joining your program. I saw the video on opening a local account in Hong Leong Investment Bank n also have some SGD in Spore, so also interested in opening a foreign share account in Spore for investing. Any suggestions or ideas ?

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