To The Moon

🕵🏻‍♀️🕵🏻‍♂️Advantages of Investing in the ASX🇦🇺 over SGX🇸🇬 & US🇺🇸 Stock Exchange💵💵💵 I love to invest in ASX stocks😍😍😍 & here’s why: (1) Exchange Rate Advantage: ⭐️ SGD is stronger than AUD now & in the future, there will be times when AUD will be stronger than SGD, but SGD will always be weaker than USD🤓 ⭐️ About 96c SGD can buy 1 AUD now, which means that we’re paying less to get a good stock😉🤗 ⭐️ As recent as April 2022, 1 AUD could buy 1.03 SGD! This means that we could potentially gain an additional SGD 70 for every SGD 1000 we invest now, just from the exchange rate‼️If our stocks make a 20% profit, we get an additional SGD 84 on top of our profit🥳 Who doesn’t love free 💵💵💵? (2) Recovery Advantage: ⭐️ Given the clean energy revolution all over the 🌎, the ASX is positioned for a boom💥 as 🇦🇺 is an exporter of raw materials & all the WONDERFUL lithium, cobalt, nickel, copper, graphite etc is found in the land down under‼️ ⭐️ As SG doesn’t have any natural resources like 🇦🇺 or FAANG-MAANG/Breakthrough Biotech stocks like 🇺🇸, the stock exchange can only move accordingly to the economic outlook. If a recession hits, the SGX is likely to have a slower recovery as compared to 🇦🇺 & 🇺🇸 (3) Dividend Advantage: ⭐️ 🇦🇺 stocks generally pay higher dividends as compared to 🇸🇬 & 🇺🇸 stocks e.g. BHP is paying a 100% franked final dividend of USD1.75 per share, equivalent to a 76% payout ratio. ⭐️ This is a Dividend Yield of 11.3%🥳🥳🥳 (based on today’s share price from dividendmax.com) (4) Tax Advantage: ⭐️ Less Witholding Tax (WHT) for dividends for 🇦🇺 stocks as compared to 🇺🇸 stocks ⭐️⭐️⭐️ For 🇸🇬 residents, WHT for 🇺🇸 stocks is 30%, but it’s ONLY 0-15% for 🇦🇺 stocks. YES, 0% tax if the dividend is 100% franked‼️ 🔎To understand more about WHT between 🇦🇺 & 🇸🇬, read my earlier post on 6th July 2022 ➡️ “Invest in ASX High Dividend Stocks 🇦🇺: About Withholding Tax” Some high dividend stocks I’m holding/in my watch-list are $BHP GROUP LTD(BHP.AU)$$Fenix Resources(FEX.AU)$$FORTESCUE METALS GROUP LTD(FMG.AU)$ 😉 FYI, it’s not too late to hop onto the BHP dividend 🚀 ⭐️ Ex-Dividend Date: 1 Sep 2022 ⭐️ Payment Date: 22 Sep 2022 ⭐️ 52 Week Range: AUD 35.56- 53.72 ➡️ BHP is currently in recovery from the July lows & has upsides for capital gains as well. ⭐️ Closing Price (17/8): AUD 40.85 ⭐️ BHP (ASX: BHP) stands alone as the biggest ASX company by market capitalisation‼️What an excellent deal⁉️ So fellow 🐯🐯🐯, do consider investing in ASX stocks where your profits can be multiplied😉🥳 Please help to click on the “Like” & “Share/Repost” buttons, so that more 🐯🐯🐯 can access this information & we can all accumulate wealth together 🤝💰Many thanks🤗 @Daily_Discussion(17/8) @TigerStars@CaptainTiger@MillionaireTiger@ASX_Stars@Tiger_AU@SGX_Stars