That's why I said must be realistic.

Just like one just starting working, then already say I want to be millionaires or billionaires, and ask people how to do it (which quite common in this forum as well, no offence), need to say or ask such question?

Better learn and working hard for it. It is ok to be ambitious but must realistic and work for it.

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Added on December 9, 2008, 3:55 pmPeople always stated Warren Buffet as example but not even 0.0000000001% people want to emulate his investment philosophy.
Warrent Buffet never think of how to maximise his return rate, he merely invested in some investment target that he see is valuable for the longer term future.

This post has been edited by cherroy: Dec 9 2008, 03:55 PM

Futures can be good if you know what you are doing and hedging purposes. But it can be high risk trade as well. You use around RM5k to trade some contract that worth 20x of your 5K, ie. leveraging. Leveraging is a double-edged sword as seen by recent global financial crisis.

Statistically, long term provide better return most of the time, but if you mindset is to 'maximise' then I can tell you won't be investing for long term.

You need to learn capital preservation as well which is the key to make one successful in investment.

One day gain 7K using 7K, then next day lose 7K again with those high risk trade, then why bother to trade in the first place? You are trying to raise your broker family only. <-- no offence to any broker.
If you can't perserve or intend to preserve your capital then it is very hard to have a net gain over the long term. You net gain come whatever extra or more than your initial capital, get what I mean?

Short term is about few days to few months. Long term people talk about 2-3 years and above.

On perfect situation, yes, but how do you make sure everytime you will win, won't lose?

I can list out a lot of people experience that roughly like that, you invest 100, you gain Rm2 tomorrow, then take 102 to invest then gain until 105, sound good, then one day you make a wrong trade, loss 10, become 95.

None.

err.... not quite right.

Par value means the money of paid up capital in it when the company first set up time (not IPO).

For eg. you set up the company with paid up capital of 1 millions so you can issue 1 million share of Rm1 par value each or 10 million share of RM0.10 par value.

It is not a good indicator how much should be stock price worth as company can grow or shrink in between.

But having said that, the high differentiate of Par value with stock price means that company in between has grown a lot which the company valuation has appreciated.
Par value is just more or less an academic figure, NTA is more important instead of Par value.

In order for you manage to sell, or the firm can sell your share, there must be a buyer!

No buyer, how can a deal/transaction being done?

They will throw to the nearest buyer price. They won't wait for people to buy.
If a share is at 1.00 but no buyer, buyer only Q at 0.95, then they will sell/throw to the buyer side at 0.95. If quantity of buyer is not enough to clear your stock, then they will throw even lower where got buyer Q'ing one.

This you have to check with respective broker firm, different broker applied different rule.

Generally,
For nominee account, you can trade what you have in the account.

For direct account, you can trade until the credit limit granted by the broker firm/remiser, which totally depended on trust.

Worth nothing, "evaporised" if exercise price is above the settlement price (ie. the average stock price for the last few days)


Normally, it will be suspended prior a week before its expiration for settlement procedure.

This post has been edited by cherroy: Dec 15 2008, 09:10 AM

Check earlier post

If not mistaken, transacted can be meaning buy or sell, either one, or transferred to third party for some sort of internal restructuring involving the transferring of share for some deal or re-organisation.

This post has been edited by cherroy: Dec 15 2008, 02:41 PM

Yes.

Mostly it come from some bonus issue or right issue like 3:1 or 6:1 or some ratio that won't result in round number.

There is a secondary market where people can qoute buy and sell for those odd lots.

It depends on buy and seller willingness, there is no proper guide or norm what price it should be traded at. It depends which party is more eager to do the transaction.
But generally it traded slight below the market price but for those 1 shares or 2 shares generally it will only trade at the price that significant higher than normal market price. Because you won't sell 1 share at 1.00, right? 1 x 1.00 = 1.00 ended with negative after deducting the commission and stamp duty. If the share's market price is 1.00. Those owning 1 share of it will qoute like RM50 or something like that to sell.

Also 1 share is valuable for those have 99 shares, because by getting the 1 share, you can trade in open market already.

Yes, as long as your CDS account have more than 100 shares, you can trade.
There is no such thing of 1 normal lot of 100 shares + 1 odd lot of 10 shares.

With CDS, they treat the just like figure in your saving account, you sell 1 lot then 110 - 100 = 10 shares left. You want to sell 1 share in the odd lot market 10 times also can, or 10 shares x 1.

But even if you break up and sell 1 share each, you won't gain much out of it either even though you are selling at RM50 compared to normal price of a few RM as commission will eat large chunck of it already, remember the min commission, stamp duty?

You sell 1 shares, then ended up 9 shares, so if not more buyer for the 1 share, then you ended 'more odd' position.
Generally people want to make their CDS clean an tidy and rounded figure, don't want to have xx counter has 521 shares, zz counter has 2342 shares, bb counter has 5926 shares, right? Try to earn extra few RM with some hassle and ended up with some troublesome trade later on? Doesn't make sense.

Mean that partial done is allowed now.

Curios to know, what if ended up with negative after deducting the commission + stamp duty, seller need to pay the broker firm instead of getting money?

Then it is really stupid act to sell then still need to pay the broker firm.

But with partial done allowed that it raised the problem already.

Just like one had 50 shares, so there is no Q for buying, so you put up to sell 50 shares, but some jokers come to buy 1 share from you (<-- as allowed partially done), then no more takers, ended up selling 1 share and paying money to broking firm.

So not that good as well under the new BTS's partial done new rule.

You need somebody to Q in the first place, right?

This post has been edited by cherroy: Dec 19 2008, 10:52 AM

Depends on investment bank, but just fyi

Your available fund should be 10,000 only, not 10,500. Contra gain takes a few day to clear.

1) htt explained. Capital gain in Malaysia is tax exempted.

3) Commission is negotiable nowadays, it is not set by SC or KLSE except for the max of 0.7%. So it depends on investment bank wish to set or give to the customers. Mostly I encounter with is 0.15%, but have no experience with nominee account.

I would suggest you google around, and do some virtual trading/investment first before really commiting into it.

How would you earn? Most probably the loss chance is greater than gain if blindly jump into it.

It is no harm done to be late. It is better be late rather than sorry (loss your hard-earned/saved money).

Better equip yourself with enough knowledge about the market before starting, otherwise will be paying expensive "tuition" fee out of it. Also take the leisure time to gain market knowledge, while concentrate in core study or job is always the main priority.

Can join us in the discussion, which some forumers may give some good advice, experience and information.

Cheers.

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Added on January 10, 2009, 10:11 amThey will send out the cheque on 9 Jan by post. So it takes a few days to reach into your hand.
For nominee account, it depends on the efficiency of the investment house.

This post has been edited by cherroy: Jan 10 2009, 10:11 AM

Stock broking account got 2 type currently.

1. Direct account - You open a trading account with investment house + CDS account under your own name. So share is held directly under your own name.

2. Nominee account - You open a trading account but share is held under the investment house whereby you don't open a CDS account at all. Typically example would be share trading platform through Maybank2U etc.