I bet you already heard about Etoro or at least you saw an advertisement about Etoro.
If you are Malaysian and wondering if to use Etoro services to invest in US stock, you can read on. This is my experience using their service to invest in US stock.
Since I mentioned that I’m going to start investing this year, I decided that I’m going to be investing in US stocks market instead of Malaysia Stocks market. I actually have an account with Maybank for oversea investment, however I feel it’s not practical for someone who just starting to invest and have little money to start with.
For this, I have opened an account with TD Ameritrade but due to I’m located in Malaysia, so we are going to open account under TD Ameritrade Singapore.
By the way, just a reminder to those who are planning on opening an account with them, opening an account with TD Ameritrade include a lot of documentation and form to fill up. The account opening time also is quite long. I submit the account opening request in early march. Only In early April I receive a notification that My account has been opened and approved for trading. That was about 1 month waiting time but considering they are a big broker in the US, I can understand.
You are young and energetic, still have all the energy needed in the world to do whatever you want and to work for a salary and never thought of emergency fund. You have a job which pays you enough for your lifestyle and you’d be thinking,
Why the hell do I need to have an emergency fund or emergency money anyway?
Worst if you have never thought of having an emergency fund or you never contribute into your emergency fund. None! Nadaa! All the money you receive as your salary at the end of the month will be utilize fully to pay for your lifestyle, your needs.