Guys, I bought ABC share at friday, so I have to top up amount to pick up or sell it (Contra) at next wednesday is it ? The condition is T+3

Just want to confirm the date only.

Yes.

Just to confirm, let said today sell ABC share, when I can get the cheque(money)? After 1 working day or after 3 working days?

You have to wait on the day 4 or 5. This is on CIMB, other broker company, maybe 1 day early ..

You will get the cheque at T+3.

im using m2u, after bout 3 days when remisier get the check she will ask whether wanna bank in back to trading or not

Should be after 3 working days. Same rule apply when you buy share.

I am a student, I plan to invest into stock market, may I know can I open a trading account? which investment bank that doest not require income and can open a trading account already?

18 is the minimum.

Should I go for let's say, PB Sharelink or the likes,

Will there be tax exemption for Nominee a/c as the dividen will be bank in directly into the account?

Thanks in advanced.

It has nothing to do with tax issue. Dividend is taxed in the first place before sending out/dispatching.

For nominee, the dividend is as same as ordinary direct account, just it sends to the PB broker instead to you individually, and then the brokers bank into your account.

Thanks! I'm new to this. But since we are the nominee and not holding the real shares, the tax rebate will be under whoever that is holding the shares. In this case, the bank. So the bank gets the tax rebate and the balance is banked into our account.

Correct me if I'm wrong.

Take note that the broker will personally taxed you.

I know Maybank Online Trading will deduct RM2.50 from each dividend u get as their service charge.

which bank have more contra day ?
like pbbank online T+3
maybank T+10

This post has been edited by salvationme: Apr 30 2009, 09:27 PM

T+10 without interest?

Are warrant counters only traded for specific duration? for example 1 or 2 years or permanent?

This post has been edited by allankuah: May 1 2009, 02:02 AM

Can anyone share with me on Dividend Counters?
I understand that counter like BJTOTO, TANJONG, TM, GENTING, PBBANK and many more pay out dividend...

How does dividend work?
How do they pay out?
How long we need to hold the share before we are consider qualified for the dividend pay out?
I only trade penny share and i have no idea on this kinda big counters..
A little advice would be great!!

There are a lot of companies which are giving out dividends in KLCI.

Most dividends are paid quarterly with some companies paying bi-annually or some yearly. All depends on the company whether they are making money or not.

There is no such thing as dividend season, month or date. But most companies giving dividend like to stay consistent with their dividend announcements which is normally after a quarterly report is out.

Check out this thread Dividend Discussions for some idea what are the favourite dividend counters in this forum.

With your 4k capital, you can already buy some dividend counters.

Oh, and by the way, GENTING is not a good dividend counter.

This post has been edited by skiddtrader: May 1 2009, 04:34 AM

Hey thanks alot...
I am checking on the dividend counters thread...
hopefully can learn a few tricks from there...
not sure 4k is enough for me to buy dividend counters...