Q&A, General question on stock market
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 Jun 5 2008, 02:58 PM
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#1
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Senior Member
1,282 posts Joined: Feb 2006 From: ¯\(º_o)/¯ ¯\(º_o)/¯ 
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What happens when say, we have 1K in our trading account, and some portion is used to buy shares? Hence the cash will fall below 1K right?
So do we need to top up till 1K? Or the shares value will be taken into consideration also? Thanks.. |
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Jun 5 2008, 03:08 PM
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#2
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Senior Member
1,282 posts Joined: Feb 2006 From: ¯\(º_o)/¯ ¯\(º_o)/¯
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QUOTE(Darkmage12 @ Jun 5 2008, 03:02 PM) you meant margin financing or what? you do not need to topup if you have enough money to cover ur purchase Hmm say I put 1K in my trading account, and Rm500 is used to buy shares, so now I got RM500 cash and RM500 worth of shares, if we ignore the fees etc.. So means considered I got 1K in my account? Or need to top up RM500 cash?  And one more thing, same example as above, but taken into consideration the FEES charged, cash will surely be less that RM500, so need to top up? Am really new here, hope all SIFUS can guide me.. Thank you..  |
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Jun 5 2008, 03:23 PM
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#3
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Senior Member
1,282 posts Joined: Feb 2006 From: ¯\(º_o)/¯ ¯\(º_o)/¯
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QUOTE(Darkmage12 @ Jun 5 2008, 03:11 PM) Why do you need to topup? You don't owe them anything Haha well isn't the minimum balance to have in a trading account is RM1K??Confused..  |
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Jun 5 2008, 04:46 PM
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#4
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Senior Member
1,282 posts Joined: Feb 2006 From: ¯\(º_o)/¯ ¯\(º_o)/¯
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QUOTE(ante5k @ Jun 5 2008, 04:35 PM) it depends on investment house .... some dont require any upfront cash. Any good online investment broker to recommend besides Hong Leong?Thank you.. |
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