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America stock is very profitable.
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hahasg1973
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21-Mar-2012 12:49
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tks bro | ||||
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settowin
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21-Mar-2012 08:44
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American stocks are kept in the custodian accounts of the patron's account of the brokerage company you trade with. Here for patron, I mean the US broker firm that your local brokers are linked with. Your brokers pass the orders to the US firm on your behalf. All dividends will also come through your local brokerage. Frankly if your transaction is of low value, there is no need to go to open your own American trading account because commission by your local brokers will be the minimum charge of only US$20 + other fees applies for trade less than US$10K transaction, works to about US$30 or $40 per transaction. But if each of your transaction is say US$30K or 40K, then you should open US online account since the sg firm's one way fees will work out to be US$100 or so dollars, meaning to and fro US$200 or 20 cents gain in stock price which is sometimes not easy. But if traded with US firms, you pay regardless of value btw US$5 to $12 per order depending on who is your US brokers. Hope all the inf suffice. .
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Kensonic77
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20-Mar-2012 21:21
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You are referring to this one? 
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Kensonic77
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20-Mar-2012 21:16
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You are referring to this one?
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hahasg1973
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20-Mar-2012 20:49
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bro settowin, after buying the america stocks ,the stocks is with cdp also? | ||||
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hahasg1973
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20-Mar-2012 20:46
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Fidelity America Fund< < ,is tis a etf fund, which is trading in sgx?if not how come can use cpf money? | ||||
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settowin
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20-Mar-2012 15:21
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Oh yes, US$7 per transaction is being charged by Scotts trade. It is true although I don't use Scotts (I use another counterpart) but it is safe because all US brokerages are insured against losses for clients upto US$100,000.00. (One hundered thousand dollars) under security laws or rules in place. The insurance do not cover losses in trading, but losses if your brokerage firm goes bankrupt and cannot pay your margin & equity kept with them. You don't have to buy the insurance, it is automatic covered under SPIC.
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rabbitfoot
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20-Mar-2012 14:54
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Fidelity America Fund is heavily weighted in IT : Apple, Google, Microsoft | ||||
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rabbitfoot
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20-Mar-2012 14:53
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yeah, cpf money | ||||
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hahasg1973
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20-Mar-2012 14:24
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cpf money? | ||||
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rabbitfoot
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20-Mar-2012 14:13
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when S& P downgraded US, I used 80% of all my cpf money to buy Fidelity America Fund the next day, and now i am smiling from east to west.... i even posted here asking people to buy but nobody cared |
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hahasg1973
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20-Mar-2012 14:06
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if i will to buy america stocks ,is it the same as local stock,whic are kept in cdp? Scottrade is one that charges US$7 per transaction, don't care how big the single order. < < < < is tis broker safe cos $7 per transaction is really cheap . |
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Laulan
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19-Mar-2012 14:31
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It is better not to give too much opinion on the expensiveness of our commission because Mr. Bocker (SGX chief) came from NASDAQ before he was headhunted by SGX. He has nothing to do with our commission structures and will not do a thing about it. Don't after he asked the Americans to change their policies (well obviously he can't as US is US and Sg is Sg) and we might suffer. FT knows how to play the Singapore people well and treat them well as well, lol, cheers. | ||||
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settowin
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19-Mar-2012 13:49
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Glad to know that Stan Chart is trying to be more competitive, but 0.2% together with clearing fees and GST is still too high to play with. Saxo is charging US stocks and CFDs (Selected sgx stocks and favourite US stocks) at 0.18 percent, still cheaper than most local brokerages for local stocks of commission 0.25 (iOCBC 0.275) percent. Now we are in internet age, online is never a problem, why want to pay so high rates? Let the locals do their own calculation whether to stay in business or eat ownself, " jia ka kee" as time passes.
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toheewing
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19-Mar-2012 12:41
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You can try stan chart new trading platform as well. Charges 0.2% of the price as commission. Pretty cheap if you not buying too much
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settowin
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19-Mar-2012 12:24
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Option express, think is ok, Search the internet and you can find many online offers. But don't anyhow choose. Find out more from their websites and if possible through friends. Scottrade is one that charges US$7 per transaction, don't care how big the single order.
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settowin
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19-Mar-2012 12:20
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Local brokerages charge you a fee (commission) plus other incidentals. If no discount is provided, you are paying very high commission. An example will be, say you buy 10 shares of Apple @US$500 per share, you pay local brokerage of nearly or more than US$120 for the transaction (Not sure how the fu....king sheets they calculated until so high), but with the American brokers, they will charge you only US$5 to US$10 for the transaction.. (US$5 to US$10 varies to specific US Brokers) See the difference? You win ok lah, half goes to local, but that is not really so ok, since if you lose, your backside burnt one big hole, US$240 for the stupiad transaction, hahaha. Honestly don't say Singapore cut throat too much, it is just the norm here. Hehehe.
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moneycow
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19-Mar-2012 11:48
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why EZRA so weak now. Will it gain strenght soon ? Any expert opinion ? Thanks |
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toheewing
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19-Mar-2012 11:45
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I have a virtual account in Optionsexpress.com. It is a US broker. |
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Kensonic77
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19-Mar-2012 11:41
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Buying thru Philips / DBS Vickers are considered local brokerage... Anyone familiar with US brokerage... Care to share... Tks.... |
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