I have two questions.

Question 1:
If say for eg, i have RM 2k in my trust account. Then i buy a stock that cost RM 1k, then adding the fees+charges, total for the stock is RM1043.60.

Will OSK auto-transfer (deduct) RM 1043.60 from my trust account?

If yes, then my trust account should have a balance of RM 956.40.
If no, then do i have to transfer the RM 1043.60 manually via online to the OSK share trading account?

I have not start trading yet, but i do own an OSK share trading acc...


Question 2:
Say i bought a few dividend stocks, and keep it for many years.
The broker firm has this condition which it state that if the account does not have any transactions within 3 years, then the account will become inactive.
My question is this, if i bought the stocks meant for collecting dividends annually. Then will my share trading account become inactive, eventhrough i still have the stocks in the account.
Does collecting dividends annually consider as active transactions?


Thank you (Btw, i'm still quite new to share trading) hope to learn from you guys/gals here.

thanks again.

phoenix87 => thanks for the advice.

jonat003 ==> ohhh, in that case, means i'll have to do some transactions (buy/sell) during that 3 years period..

This post has been edited by wkphang: Jun 26 2012, 12:43 AM