Younger investors lead charge into stock market

[freedom]

SGX should abolish contra. tax heavy on short term profit.

[Musicwhiz]

Younger investors do not have the benefit of experience, and most of them have not been through the punishing bear market of 2008-2009. Note that most of the NEW brokerage accounts were opened from 2008 onwards, signalling that interest in the stock market is building up to a crescendo.....

So when one sees 5 straight days of decline, it will turn out to be a valuable lesson for those who are new to the vagaries and emotions of Mr. Market.....

[Foxer]

When I first started out, I used to look at the stock counter everyday. It's not really useful and good for your heart to do that. haha. Now, I only look at the stock price once every 2-3 days.

[cif5000]

SGX should abolish contra.

I don't know what good abolishing contra can do to an individual investor if he is responsible and disciplined to begin with. A reckless punter will have financing options thrown at him even if contra is abolished. That will kill him faster and no one wants that. In fact, by allowing a contra period, SGX is actually promoting a "sustainable and vibrant trading market". The period can also be adjusted much like how US applies interest rates to its money supply/demand.

It costs investors and SGX nothing to have contra as unsettled trade risks are financed and managed by the brokerages. Without contra, brokerages can then charge a fee for a common service. The rate of killing the golden geese accelerates. No good.

An altruistic investor? It lies somewhere in between self-conflicting and hypocrisy.

---

On second thought, SGX can sell a $1,000 yearly pass for those who want to have contra facility. On the other end, family members can apply for restriction orders over the internet.

[yeokiwi]

On second thought, SGX can sell a $1,000 yearly pass for those who want to have contra facility. On the other end, family members can apply for restriction orders over the internet.

Per day contra pass at $20.
Apply to Singapore citizens only.
PRs and work permit holders are not restricted to the above ruling.

[freedom]

contra normally is done by people without a lot of money, like young investors....