Sunday, 5 March 2017
Ankle weights around your legs
During secondary 3, I had a classmate who was very into Kungfu and Bruce Lee and all...
One day, he started wearing ankle weights around his legs to school. They were hidden by our long trousers so I guessed school didn't mind.
He told me he wanted to train his leg muscles to be stronger for kicking.
When CFDs were first introduced into our local market by one local Singapore brokerage, I was one of the early clueless retail customers who tried it.
Bloody hell, had to pay monthly roll-over charges and margin interests north of 6%.
Now? Roll-over charges have been waived, and now margin interests halved to 3-4% depending whether its a long or short trade.
When I were trading unit trusts (yeah, it can be done, now ETFs much easier), I was paying 1.5-2% in transaction commissions. Now? It's below 1% or no sales charge!?
Although I haven't started trading individual stocks before the liberalisation of brokerage rates where our seniors had to pay 2% in commissions round trip for their contra trades, I can empathise what they've gone through.
What do you think?
Which would you have preferred?
Start with ankle weights around your legs when you started your journey, and have them reduced progressively...
Or do you prefer to have more weights added on your body as your soldier on further down the road?
P.S. Now you know why I say I didn't have a good start to my investing/trading journey... I made money from the get go...