Yes, u have to open an account with Maybank Investment Bank. Make sure you open an online cash acount for the lowest brokerage.

Online cash account mean saving account like Maybank2U?

No, I mean the trading account is a cash upfront account. When u open a CDS account u get a trading account. The CDS account is where your shares are kept. The trading account allows u to trade. Make sure the trading account is online and cash upfront, meaning u trade with money already deposited. This is the cheapest brokerage. Unless of course u are active trader than can consider other trading accounts.

any love for airlines stocks?

looking at Singapore airlines and Cathay Pacific, but I'm not sure the direction of the oil prices in the near future.
I wonder if they could return to their past glory like in 2015/16.


Attached thumbnail(s)

pro-tip for beginner, open your Maybank direct CDS with Maybank Equity Investment Centre (EIC) instead of Maybank Investment Banks.

EIC charges RM 8 or 0.10%; IB charges RM 28 or 0.42%

Have fun trading

anybody using m+ cash account? just wondering why is there a discrepancy betweentrust account amount and available trading amount although no transaction pending.

Is it big difference? For cash accounts, Trading limit will always be a bit less than trust account amount to take into account trading fees.

similar charges to Hong Leong Investment i guess compared to EIC

1.7k only, about rm50 diff. I withdrew all, my limit. became -50

new to stock, this is my first week in trading!

anyway, is EPF is good benchmark? basically when I saw an announcement EPF is dumping a certain stock, its price will drop pretty fast, and the opposite if they acquire it

and also I'm still learning, hope to learn from the sifu here

So I've set aside a small amount of funds for trading, since the FD rate are pretty shitty now, so I was thinking why not invest in stock market since some of the stocks are at their all time low now due to certain factors like scandals & disasters. If stock price increase after the crisis then good la, better return than FD, if drop further, nvm then, will treat it as just bad luck, some unexpected expenses like expensive car repairs and hold it until it rebound, hopefully.

Also about pennyshares, will a hit & run tactic sustainable for long term?
example I targeted a high vol pennyshare, then just let go when price increases just by 0.005, to make a tiny profit, and rinse & repeat
since it's pennyshare, it won't drop too much or too drastically, and if got burned, also won't be too hurtful... this tactic ok?

my advice is, avoid penny shares! You'll not be able to win over big sharks, the pump and dump tactics etc....

but as a novice, I know it's very tempting to go for stocks with potential high returns... so, do it if you want. Just try to control your risk/losses. Once you've lost enough money / learned enough lessons, you'll move away from it.

There are many ways to trade/invest.

My suggestion is not to follow the herd.

Under current market, find a good company with decent management which stock price has been battered/not appreciated in the current cycle and wait it out. 1-2 years horizon.

Avoid companies run by crooks or dubious characters.

what does common stock offering mean?

New ordinary shares.. Placement out. Dillution effect.

Those few sen penny stocks, very hard to buy in at ur desired price. Long queue. Hard to sell also. Dont think u can buy at 1 sen and sell at 1.5 sen.

This post has been edited by danielcmugen: Feb 14 2020, 08:50 AM

well, I've tried, yes it's long queue and hard to buy or sell, but still possible if you're persistent
managed to buy/sell one this week at 1 sen profit

anyway, am still learning and getting a feel on how's the market moving, especially on penny shares
since my investment is small, i don't expect a huge return, or will get hurt badly as well

don't dare to touch those big stocks yet, first budget doesn't allow, second doesn't have the experience yet

I thought stock price would tumble with share dilution, but it only went down a little then rebound back...


Attached thumbnail(s)

It's your money and your time. U can do whatever u like and figure out the best way to maximize that. After one year, u can tell us back if u manage to beat FD rates.

Watch out also for transaction costs though.

Tesla price is based on faith not fundamentals. So it's a religion/cult.