QUOTE(allenpee85 @ Jun 26 2021, 10:47 AM)
Hi all
Recently received interim dividend payout, although it sounds good on the announcement, yet the stamp duty and banks charges has lower the net dividend yield, with net distribution of cash received in hand, in turn translated to lower net dividend yield. (I m using Maybank)
Does anyone know which platform has the lowest charges?
This is because you are using nominees account to tradeRecently received interim dividend payout, although it sounds good on the announcement, yet the stamp duty and banks charges has lower the net dividend yield, with net distribution of cash received in hand, in turn translated to lower net dividend yield. (I m using Maybank)
Does anyone know which platform has the lowest charges?
AFAIK, Maybank investment have 3 types of account:-
1. Direct CDS account with margin
2. Direct CDS account with only cash upfront
3. nominees
option 3 is subject to banks charges
Always go for option 1 and 2 unless you are planning to have a trustee with you
This post has been edited by squarepilot: Jun 26 2021, 10:57 AM
Jun 26 2021, 10:56 AM

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