It's getting expensive to invest in The SGX by the year 2020,....

https://www.finews.asia/finance/29732-mas-t...-september-2019

For those who do trade and contra. Don't think it effect those with cash up front account.

Well,... the report emerged again in another article,... the same sentence - applies to all open positions. Not queued positions.

The Monetary Authority of Singapore (MAS) is said to be reconsidering its plan to put in place by 2020 a requirement for retail investors to place a 5-percent collateral on their open positions.

meaning if buy stocks $1000, need to put collateral of $1050 ?

mind elaborate abit.

Don't know yet, bro,... If we are to take that sentence as reported in multiple articles,... ie 5% on ALL open positions,... then yeah,... I would think your presumption is an accurate interpretation.

However,... I would say this is not reasonable. Let us continue to provide feedback to the authorities for mutual benefits and for continuing to establish The SGX as an effective vehicle in an international financial hub. So many investors worldwide look to invest into The SGX.

Edited to add : One way would be to impose this would be onto new investors only,.... but that's just what I think,...

This post has been edited by Hansel: Sep 27 2019, 09:25 PM

Just wandering as a Msian with no link to SG (no job and address there), what the best way (potentially the cheapest ways), to access SGX?

I can open a SG bank with Maybank without heading there. I have discovered POEMS SG which allows buying unit trust at 0% charge. Apparently, there is a possibility of buying share from their platform too.

Anyway, i want to know all the possible way before starting investing in SG.

TQ

Avoid POEMS for buying share. There's dividend charges 1% if if I am not mistaken, quarterly platform fees just because you choose them as your broker.
If you intend on buying SG stocks only and not looking at other market, go with FSM. All applications are online.
If you want to invest in other country, go with interactive broker.

How about the mobile number? Cause FSM MY requires confirmation by TAC.

Does FSM SG need confirmation by SMS? Can they accept msia number?

This post has been edited by Gabriel03: Oct 5 2019, 06:19 PM

Yes they accept Malaysian number. I set up my account with my Malaysian phone no for TAC.

Never even use FSM after opneing as I opened an account with interactive broker.

This post has been edited by Ramjade: Oct 5 2019, 06:35 PM

Was very tempted to queue at 1.28 to buy straight-off the Sell Queue, but looking at the trading rate, decided to queue-buy at 1.27 instead.

Struck at 1.27 AFTER 30 minutes !!!

Mapletree NAC ?

Deleted

This post has been edited by Kelv: Oct 7 2019, 05:46 PM

Yes, sorry, did not mention in earlier input,...

Technically, already broke the last support of 131.

May head down further. The previous low as at 126

Closing time alot action 1.24-1.26

Tq bros,... yeah, I saw this too,.... I have quite substantial holdings at avearge price of 1.17. Hence, even if I loaded-up at 1.27 yesterday, my average price still stood below 1.18.

But yeah,.. it would have been better if managed to catch at 1.24 this evening,... but how would one be able to guess that it would reach 1.24 even with 1.31 broken ? I'll buy earlier,... it's okay,... can start to reap the dividends earlier,...

Edited critical grammar errors.

This post has been edited by Hansel: Oct 8 2019, 06:36 PM

Can never catch the lowest, drop more buy more

Catching a dropping knife?

Or wait for a confirmed bottom now that the last low is broke?

Price has broke through the 50% Fib retracement of 127.5.

Now looking at 61.8% of 122.9

Yeah bros,... thing is,... TA is good for trading and for traders.

For income investors like myself, I never used TA much,... unless of course, I am doing forex. Even then, I would hold on to currencies which are good, and buy in when I see a short term dip !

I use TA only to forecast the falling knives!

This one has broke a few key levels.