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 USA Stock Discussion v6, Midterm Elections! U.S. Jobs Report!

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ShinG3e
post Dec 13 2014, 03:29 AM

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u guys know any bank offers the best rates when it comes to transact at US market (NYSE NASDAQ)...


ShinG3e
post Dec 13 2014, 03:30 AM

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QUOTE(highlowyat @ Dec 13 2014, 02:44 AM)
how much money needed to trade S&P500 with local broker
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the minimum is 1 unit. hence, if the price is USD100 then u pay USD100 ++ la if u only want 1 unit. laugh.gif
ShinG3e
post Dec 13 2014, 12:01 PM

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QUOTE(danmooncake @ Dec 13 2014, 04:40 AM)
Yes, you can buy 1 share (same as 1 unit).

But, $100 is not enough to buy 1 share of SPY (which is the index for SP500). LOL!  biggrin.gif
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thx for the clarification. never trade in S&P500 b4. only NYSE laugh.gif
ShinG3e
post Dec 22 2014, 10:42 PM

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my stock is making a double digit profit but the sales charge is painful to swallow. sad.gif
ShinG3e
post Dec 22 2014, 10:58 PM

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QUOTE(danmooncake @ Dec 22 2014, 10:52 PM)
What does "sales charge" mean?
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lol... sry mistaken UT term

was referring to the brokerage fee to purchase a NYSE stock using local bank platform cry.gif
ShinG3e
post Dec 22 2014, 11:12 PM

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QUOTE(danmooncake @ Dec 22 2014, 11:09 PM)
Oh I see, you're referring to the transaction fee.

Are you paying a "flat" fee or by "percentage"?
If by "percentage", then it is time to ditch your local broker and open a direct one with US brokerage.

But, if you don't trade much (like once a month or a quarter) or a "buy-and-hold" type,
then don't worry too much about it.

Also, USD is high now.. perhaps everytime you buy/sell locally, they will charge you transaction fee, and currency exchange fee too.  That would be a double ouch. nod.gif
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Hi there.

I'm paying by % but there is a minimum of USD30 per transaction.

i'm more towards the buy-and-hold type. hardly speculate.

luckily i purchased mine before the oil issue and USD high time. laugh.gif

hence, would like to ask what are the procedures to open a direct account with a US brokerage?
ShinG3e
post Dec 23 2014, 12:51 AM

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QUOTE(AVFAN @ Dec 23 2014, 12:13 AM)
min usd30.. what bank..? higher then than cimb itrade's usd25.
hope yr % is not higher than 0.4%.
anyway, if not trading much, minor effect...
i m on same thing: rm-sgd-usd. i find the rates reasonable.
what i do with say, sgd dividends, i leave it in trust acc for not more than a qtr, accumulate enough to buy more when price is acceptable.
come jan 2015, sgx going board lot 100 which will make things easier.
plan is to do same for usd, no reason to think rm will strengthen bigtime for "decades"; reverse may come true, though. tongue.gif
this oil story... after many saying it'll go as low as usd40 some weeks ago, now i start to read some reports making the case for usd64-65 avg for 2015. well, who knows.... but we do have an interesting opportunity now... to buy or to keep watching...?
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HLE broking. good for local market. but charge me USD30 when i purchase a stock from NYSE. sweat.gif

technically, buy USD 30, sell USD 30 = USD60 unsure.gif
ShinG3e
post Dec 23 2014, 12:56 AM

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QUOTE(danmooncake @ Dec 23 2014, 12:54 AM)
$30/trade.. that's high.  shocking.gif  Does this involve a human remisier assisted trade?

$30 could mean 30 trades for me..
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nope... e-trade. cry.gif

hence, asking around what are my better options regarding this issue. unsure.gif
ShinG3e
post Dec 23 2014, 01:34 AM

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QUOTE(teehk_tee @ Dec 23 2014, 01:13 AM)
yeah.. local brokers tend to charge round this range. but if you switch onto those US discount brokers like IB.. way cheaper.
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sorry what's IB?

any recommendation on US brokers that i can register in Msia? tried finding abit but sesat. hence, asking here.

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