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 Q&A, General question on stock market

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kei18kun
post Dec 8 2009, 03:37 AM

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QUOTE(leongal @ Nov 27 2009, 09:54 AM)
i am planning to open an online trading account, currently which is the better ones? for example, in terms of transaction cost...or so forth
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i personally like maybank since i can transfer my money back and forth through my savings a/c
they charge like RM16 per trade

may i know if i can closed my cds a/c in TA and transfer all the shares in it to my cds in maybank?
kei18kun
post Dec 8 2009, 11:14 AM

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QUOTE(skiddtrader @ Dec 8 2009, 08:07 AM)
Hehe I thought Maybank in terms of reliability is quite bad. But I guess the convenience won you over.

As far as I know there will be additional charges for transferring shares from 1 broker to the other. Not so sure how much though.
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hehe, going to try out Jupiter soon since its cheaper RM10 only
kei18kun
post Dec 10 2009, 05:53 AM

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im using maybank and i bought shares using DUP which i think means T+3 rite?
if i sell it b4 3 trading days, do i still get charged the Commissions & brokerage fees?
kei18kun
post Dec 10 2009, 06:38 AM

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QUOTE(skiddtrader @ Dec 10 2009, 06:23 AM)
ALL transactions get charged commissions and brokerage fees. You cannot escape it. The only difference in selling before T+3 is not having to come out the entire capital for the purchase. Meaning its possible to buy something you don't actually have money for, hoping it will rise to earn.
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thanks for the explanation

another question i see from this site: http://www.tuneprofit.com/stock-basic/diff...ominee-account/

CLIENTS COLLATERAL TRADING – NOMINEE nominee account
1) CDS (stock) is held under company’s name
2) Not entitle to apply for IPO
3) Entitle for dividend but not any voucher issue by company
4) No Annual Report received

annual report im not concern since i can check it online and i'll be saving trees but the main thing is not entitle to voucher issue is major concern for me

does it mean im losing out in something? im concern becos im using maybank2u and i think its a nominee ac. pls clarify. tqtq notworthy.gif
kei18kun
post Dec 10 2009, 05:34 PM

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QUOTE(skiddtrader @ Dec 10 2009, 10:44 AM)
To be honest, I don't see a reason why anyone would want to open a nominee account. It has restrictions and less 'perks' compared to a full account. So my opinion to anyone asking is always to open a full account compared to a nominee account. And you still pay full charges when transacting in nominee account.

Annual report nowadays all by CD/DVD already. Only upon request do you get the paperback copy.

Voucher sometimes is part of the perks holding on to certain shares like Genting for example. They give out hotel vouchers with their Annual report I think. So you're really missing on something if you dont' get it.

Being unable to apply for IPO is another BIG letdown. I remember reading a few people in the Maxis IPO thread that their application was rejected because they didn't realise Nominee account can't apply for IPO. So definitely you'll lose out a lot here.
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can u suggest few securities company that charge low brokerage like maybank? pls exclude TA since they charge RM40 per trade and unhappy with their service already
tq

just applied with jupiter and found out theirs are a nominee also doh.gif

This post has been edited by kei18kun: Dec 10 2009, 05:36 PM
kei18kun
post Dec 13 2009, 03:18 PM

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QUOTE(protonw @ Dec 10 2009, 10:40 PM)
Oopps,  Jupiter I dont think is nominee account as it is not a bank... Only banks will use nominee account.  Those bank which is investment in nature also have CDS account.

Could you have something wrong information somewhere?

I just look at my yellow form from Jupiter to open CDS account with Bursa Malaysia.  So I am sure you have got the wrong information.  tongue.gif


Added on December 10, 2009, 10:42 pm
I am currently Maybank customer as well.  I do received vouchers from Genting.   You have to make noise to them if you dont get it.....LOL
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even if just buy 100 or 1 lot also entitle to vouchers? or is the no. of voucher depends how many lots u buy?
wat i mean is buy more lots will get more vouchers?

This post has been edited by kei18kun: Dec 13 2009, 03:22 PM
kei18kun
post Dec 16 2009, 12:39 PM

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any website whether free or need to pay that provide details like 10 years history of company?
kei18kun
post Dec 21 2009, 10:04 PM

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QUOTE(Joshua_0718 @ Dec 21 2009, 03:39 PM)
The lot size for all stock is the same?
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yes
kei18kun
post Dec 22 2009, 11:03 PM

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still so expensive at SG, luckily at MY can invest in small amount

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