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 Q&A, General question on stock market

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Joshua_0718
post Oct 17 2009, 04:56 PM

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Not sure whether I am asking at the right place.

I planning to invest on stock. Currently in Singapore and just open an account with Philips Securities over here. Found that the rate is S$25 per trade. Should I go back to MY and open with OSK or stick with Philips?

This post has been edited by Joshua_0718: Oct 17 2009, 05:16 PM
Joshua_0718
post Oct 19 2009, 10:59 AM

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QUOTE(skiddtrader @ Oct 18 2009, 01:26 AM)
It's always an advantage to have a broker office near where you are so you can have access to them personally when needed. At least in my opinion.

It's not actually SGD25 per trade as you said, that is just the minimum amount you need to pay or at least 0.33% of transaction value over online transaction.

So if you do trade in amounts where the 0.33% exceeds SGD 25, you pay according to the 0.33% charges. I believe OSK Malaysia charges 0.42% for online charge.

But if you trade in amounts which 0.33% charge is always lower than SGD 25, you will still need to pay at least SGD25 per trade which is the minimum. In this case, it is cheaper to trade via Malaysian brokers which has a much lower minimum charge. Some as low as RM12 per trade.
In my honest opinion, don't bother so much about minimum charges UNLESS you are the type of trader that trades in small volume and wants to profit from very slim spreads like when "Stock A goes up 2 cents then you sell, profiting 2 sens." These type of trading demands minimum commision and charges since you'll be doing it very often and incurring lots of charges.

So try and figure out what kind of investor/trader you are and what kind of system will suit you. If you think you are the kind of trader which trades often in small volume for small profits, then try to get the cheapest broker you can find. But if you are trading in excess of the SGD25 minimum, then don't worry about it, as 0.33% is better than Malaysia's 0.42% for online brokerage.
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QUOTE(rosdi1 @ Oct 18 2009, 01:34 AM)
S$25 or  RM62 should be OK if you are trading big. If decided to trade in small lot than that can be a bit expensive. A Malaysian broker  you can get as low as RM8.88 with jupiter or a or the standard min of RM40 or you can request for a lower min.. I think you can work out the break even before making a decision.
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Thanks to both your both feedback. Indeed I am shock to find Malaysia broker is cheaper. And yes, I am trading small.

But my question is, what would be the rate of currency conversion if I am buying SG stock through Malaysia broker? Afraid with all the expensive currency conversion, no point going all this hassle.

Please advise
Joshua_0718
post Oct 28 2009, 09:13 AM

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Guys, sorry I am new in stock exchange, I would like to ask, 1 lot is how many unit of share?

What is odd share?

Found my answer, 1 lot = 100 share. I always tot 1 lot = 1000 share.
Went and bought 2 lots and I thought a must to purchase 2000 shares sweat.gif

Lesson learnt

This post has been edited by Joshua_0718: Oct 28 2009, 09:26 AM
Joshua_0718
post Oct 28 2009, 01:01 PM

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QUOTE(joenjill @ Oct 28 2009, 12:24 PM)
old style = 1 lot equal to 1000 shares ; nowadays 1 lot equal to 100 shares
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Am wondering, why securities do not have option of how many lots for us to choose? Instead, they let us choose how many units of share to buy only.
Joshua_0718
post Oct 30 2009, 01:36 PM

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QUOTE(DanielW @ Oct 28 2009, 08:24 PM)
???? We do buy in lots, not units..
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Sorry, really? I am using Philip Securities over here in SG. That's why I am confused
Joshua_0718
post Dec 16 2009, 01:08 PM

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I am looking at Starhub currently, $2.06 now.

Sell - $2.06
Buy - $2.16

Does it mean when I want to buy, I need to buy at $2.16?
Joshua_0718
post Dec 16 2009, 01:36 PM

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QUOTE(htt @ Dec 16 2009, 01:30 PM)
Don't see during lunch time, a lot of jokers down there, closer to opening all will disappear...
Starhub losing EPL & Champions League rights, their cash cow of SCV will get a big hit...
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Then when should I see?? Don't understand. Am looking for Genting SP, want to buy more
Joshua_0718
post Dec 16 2009, 02:19 PM

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QUOTE(htt @ Dec 16 2009, 02:09 PM)
Now can see, I think market re-open at 2pm, by the dot all jokers disappear and market return to usual.
In short, the price is not valid during the recess period.
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Ok. Now for for Starhub, buy $2.15 sell $2.06.
Meaning i need to buy at $2.15?
Joshua_0718
post Dec 16 2009, 02:34 PM

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Yes. Just an update, my Jstock went crazy.. Now back to normal
Joshua_0718
post Dec 16 2009, 05:41 PM

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Place order for Genting SP, but after 5 hours not process, will it be rejected?

Or just too many ppl buying?

This post has been edited by Joshua_0718: Dec 16 2009, 05:41 PM
Joshua_0718
post Dec 18 2009, 12:46 PM

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Guys, what will happen if I missed the T+3 due date?
Joshua_0718
post Dec 21 2009, 03:39 PM

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QUOTE(cherroy @ Dec 21 2009, 01:55 PM)
min lot size is 100 shares
So you buy 1 lot at 1.20 = 120.
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The lot size for all stock is the same?
Joshua_0718
post Dec 22 2009, 10:09 AM

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QUOTE(kei18kun @ Dec 21 2009, 10:04 PM)
yes
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But recently I bought genting sp, lot is 1000, and I am not allowed to buy 1.5 lot

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