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18-01-2015, 02:16 PM
(This post was last modified: 18-01-2015, 02:22 PM by brattzz.)
I got a question,
Why NTUC don't want to start this biz?
members can collect link points too!
For value investors,
It's just paying a fee for using their trading platform software to buy & sell electronically.
No need to have other leverage tools, cfds..etc....
Keep it simple, buy / sell only, lowest charges!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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18-01-2015, 02:29 PM
(This post was last modified: 18-01-2015, 02:49 PM by CY09.)
NTUC has a tie up with limtan. You can collect NTUC linkpoints for every trade done on limtan.
Unfortunately, in the investment community, they are more gamblers than value investors. The closest tool for value investors is in fact the Stan Chart brokerage, a no frills plaform. The other brokerages tend to make money by enticing you to participate in share financing and CFDs. Most providers give you free trades/rebates for opening CFD. This is simply because it is a more lucrative business, because people tend to make investing mistakes when they are geared and the interest financing by CFDs here were very high (they charge you interest on the whole contract amount instead of just the amount you use as leverage). CFD business to an extent plays on the human psychology, giving you the illusion to buy/sell often and make you panicky because customers are required to take 60% to 90% leverage.
Previously, there was a good CFD provider, CMC markets, which offered customisable leverage for customers. It was a very good platform as people could take leverage to levels they were comfortable with. However, I suspect it was a losing business for CMC. I made quite a decent sum when i bought UMS holdings at 0.33 taking 33% leverage and 67% cash payment. AS CMC was at the opposite end, I am pretty sure they were not happy in losing four figures. Of course I was "forced" to close out when they switch to fixed leverage ratios.
As to Cityfarmer's comment on min brokerage, I notice Singapore has one of the highest min brokerage globally. In HK, the min brokerage amt is only about HKD88-100, SGD about $17. Even DBS vickers charges this amount for HK (HK100). It really depends on the stockbroking industry in the country. While I am not implying rigging, it is indeed fishy why our rates are $25 when even our neighbours Malaysia has rates of min RM12-RM 28 and offer contra too. Even among our cash upfront accts, Malaysia's Min comission is RM8, brokerage rate 0.1% while ours is SGD 18, brokerage rate 0.18%.
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Idea is good but implementation is half-hearted. Not likely to be successful.
Phillip Securities Pte Ltd
Contract Value/Minimum Commission*
≤ S$3,500/S$10
> S$3,500/S$25
* Terms & Conditions:
1. The above promotion is only valid for online trades done through POEMS trading platforms
2. Only online orders of less than 1,000 shares will enjoy the above promotion
3. Contract value refers to the amalgamated amount
4. Broker-assisted orders remain the same and are not eligible for this promotion
5. The above promotion applies to orders done from 19 January 2015 (Mon) till 27 February 2015 (Fri)
6. Phillip Securities Pte Ltd (PSPL) reserves the right to substitute or change the promotion, amend any terms and conditions without prior notification. Where a dispute involving the interpretation of terms and conditions arises, PSPL reserves the right to have the final say
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤，用健康換取身外之物。 ^ 人生无常，珍惜当下。 ^ 放弃固执，适时变通。 ^ 前面是绝路，希望在转角。
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1st day the day closed with a value 897.2M. is this out of the norm
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23-01-2015, 08:55 AM
(This post was last modified: 23-01-2015, 08:56 AM by egghead.)
With 100 shares a lot, I am now more willing to accept scripts dividend instead of cash, starting with Boustead.
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