Thanks for sharing this nice read. Author mention gambler and investor a few times. I think he miss out another group which is trader. Essentially IMO there are 3 groups. Gambler, trader, investor. To me trader is very close to gambling but they take on a more calculated risk and better probability. E.g for ppl who short the stocks they call themselves traders. Trader can be 5 minutes ago buy in(sell out) and 5 minutes later sell out (buy in). Then repeat X times throughout the trading hours. To me such traders are akin to gambler isn't it? I haven't mention about CFD, margin, options, forex etc.

Conclusion for me is between trader and gambler is a very thin fine line but investor stand out as they are in at least for the mid to long term time horizon.

This post has been edited by sgh: Feb 3 2022, 10:36 AM

BT digital format I think is 1 month X free views after that need pay monies. As for your pdf it uses the word gamble and not trade? Why? Is trader a more atas name than gambler?

Ok but say in kopitiam stir coffee in front of ppl you say you trader ppl look at you atas sia... you will say you gambler in front of ppl? No right? So while definition is semantics in a human to human setting the choice of word trader or gambler make a difference at least in the 'face' department? No? Msian think differently from Sporean? Cannot be lar.

I am not so sure now as you introduce another new term speculator? So now we have gambler,trader,speculator,investor so many terminologies. Well I guess like what you earlier said it is just definition semantics but in human to human interaction certain choice of word used will be different. Since you not a people's person I guess it is fine but say in Chinese New Year gathering how? Sure got tok cock sing song times and this is the times some ppl like to boast say I do what earn how much etc etc talk.

From picture, you just elevate the status of a gambler to trader. Next time ppl who like to play 4D, Toto, casino etc can call themselves traders already. If Chinese New Year ppl ask you do what investment you can tell them you are a trader. Cool and sound so atas sia

Noted. So if they drink beer and play mahjong you also drink and play as well? Some ppl play mahjong 1 tile play very big hor or minimum 2 tiles to game etc.

It depend on each broker pricing model. Tiger moomoo has this commission followed by platform fee plus the mandatory US related fees. Zero commission fee does not mean platform fee is zero so still need to pay that part

Based on tiger shared in other forum their style was claim approach e.g you given a commission rebate card and then you will use this to apply on the trade you place. Experience shared is not all US stock can apply the rebate so mixed experience but you still need pay platform fee.

Moomoo in contrast is straight forward. Zero commission and zero platform for 1 year after which 0.99 applies for the platform fee. So assume after 1 year it is still 0.99 but moomoo is live data by default no need pay extra to get this

Syfe which I am using is all-in fee no so called commission and platform fee. First 5 free subsequent 0.99. After 3 months 2 free subsequent 1.49. Live data and fractional shares by default

IBKR Spore I just have acct no live data, convert each time pay 2. So while IBKR look to be cheapest the con I found may not suit me. I hate to tie big pile of US dollars in there if I want to save on that 2. No live data can be concern as during trading hours US price jump noticeable. Fractional shares need to enable.

For me I want fractional shares so left Syfe and IBKR as only options. For simple needs Syfe suffice but more complicated needs IBKR better just need get used to their UI

That will depend on broker. Syfe fractional shares allow voting rights but of cuz in reality too small to make any difference but you can. For IBKR it is no last I check. Voting is last on my mind since so small but if it is rights exercise like Spore REIT it make big difference. As for transfer of fractional shares out both IBKR and Syfe not allowed. Dividends if any also work for fractional shares for both of them. The way I see fractional shares for US stock will soon be a norm to attract more ppl to invest. In fact Syfe is enabling fractional shares by default for all US stocks that allowed but con is this only work for market order and not limit order which is why for me live data quite important. All broker got pro and con just how you accept or cannot accept

https://help.syfe.com/hc/en-us/articles/441...-on-Syfe-Trade-

Syfe fractional shares only work with market order at the moment. You either enter how much of a fraction shares or a fixed amount and the filled will not exceed but you can't set the price like limit. This is a con which I know before I enter as I want fractional shares

I can't see the order book or depth of other ppl buy,sell from Syfe which is why I say it is simple want more must go to IBKR. But I not happy with that 2 for every currency convert. For Syfe I change say 10 USD and I buy using that. I retain few US dollars as I don't want to tie too big pile of US dollars inside. Now after Syfe 5 trades I left a few US cents inside.

You should get more response in hardwarezone forum Money Mind. If don't use CDP convert service the dividend in non-SGD they can send to your linked SG bank account hmmm. Me only SG stocks so no experience

No wonder CDP most ppl basically SGD stock. Think for Msia CDS which is Spore CDP equivalent also same? These entities are very local country bias actually. That is why for non-Spore stocks we use other brokers seldom use CDP to hold stocks.

Try not to compare based on percentage becuz currency depreciation for MYR bad. Say Msia FD give until 5-6% means more? Well if that earned interest can buy a lot of things ok but can buy so little after FD mature. My past experience with Msia FD. E.g you use how much MYR to get USD to buy stocks in IBKR versus I use how much SGD to get USD etc

You do know SGX shares into CDP typical brokerage charge quite a lot. DBS Vickers around 10 and FSM around 8.80 Thought you would go for custodian like TigerBroker and Moomoo where shares are not residing in CDP so brokerage fees are much cheaper? Same concept as Msia shares put inside CDS the brokerage fees will be high concept.

Redeem once a month. Interest pro-rated if redeem.

SSB this month will be very hot with not much increase in size 900 million only. Think may get < 9k even. Also try the 6 month or 12 month T-bill if you don't mind shorter period

The URL has a formula at the bottom it count the days. It will accrued interest until the day the monies credit into your bank account (exclude the day interest come in) You redeem early or late in the month is the same so later can give you more days to think over

This is not available for retail investors all is institution but it give some indication of the upcoming rising interest rate trend. A lot of stock, equities investors is also parking into such fixed income instruments while wait out the US market to bull again

Can do multiple applications for same T-bill. So I intend 1 for non-comp and 1 for comp bid.

That was quite a high bid. Did you bid for the 12 month T-bill also?