tag:blogger.com,1999:blog-6897513886211197509.post1852067176637177573..comments2024-03-29T16:34:17.069+08:00Comments on Singapore Man of Leisure: Something is not right if you still need that cheapo platform after 5 years...Singapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6897513886211197509.post-64137072461713258412016-06-07T09:59:59.909+08:002016-06-07T09:59:59.909+08:00Kevin,
That's perfectly OK too!
See? You don...Kevin,<br /><br />That's perfectly OK too!<br /><br />See? You don't need a X amount by Y year financial freedom goal if all we want is don't go hungry ;)<br /><br /><br />Let's say we have a financial freedom X amount by Y year goal/dream/fantasy/halluciantion. <br /><br />If the Y year target is 65 or 70, OK, its about finishing the Marathon thingy. I can buy that.<br /><br />But if the Y year is aimed at 35 or 40 to be financially free, then the numbers don't add up... Especially the transaction volume and portfolio size :(Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-64653353569212399672016-06-07T09:28:53.694+08:002016-06-07T09:28:53.694+08:00Hehe. But all I wanted was $2 fishball noodles. I ...Hehe. But all I wanted was $2 fishball noodles. I don't mind the smaller portion, so-so but edible taste or lack of service. As long as I don't go hungry! TIhttps://www.blogger.com/profile/03411364233161075380noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-84075937362555325162016-06-06T17:18:12.594+08:002016-06-06T17:18:12.594+08:00Dividend Warrior,
Yup.
If I'm a shareholder ...Dividend Warrior,<br /><br />Yup.<br /><br />If I'm a shareholder of that money losing bank, I would want management to keep their eyes on the main prize and not play around with fringe activities that don't move the needle.<br /><br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-50198921650482793462016-06-06T16:57:16.551+08:002016-06-06T16:57:16.551+08:00There is no free lunch in this world. Even if ther...There is no free lunch in this world. Even if there is, it won't stay free for long.Dividend Tech Warriorhttps://www.blogger.com/profile/10905667545384063302noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-23389595685177279012016-06-06T09:40:42.786+08:002016-06-06T09:40:42.786+08:00CW,
Thanks for your testimony!
Exactly!
The cha...CW,<br /><br />Thanks for your testimony!<br /><br />Exactly!<br /><br />The changes to the minimum bid sizes have more impact and savings to retail investors than other "good to have" distractions ;)<br /><br />Huh? You contra with blue chips? <br /><br />Contra trader who are more "garang" would contra with CLOB and penny stocks! Now that's action!<br /><br />Penny stock at $0.10 - 1 tick move = $0.105 - 5% gain!<br />2 ticks = $0.11 - 10% ang pao!!! Huat liao!<br /><br />It's fun and games until you discover if it goes against you the other way - a 4 ticks move is a 20% hair-cut loss in less than 3 days!!!<br /><br />Now with the minimum bid price of $0.20 and new tighter bid-offer spreads, less excitement for contra traders :(<br /><br /><br />What's good for retail is bad for remisiers and dealers. And people wonder why SGX turnover down and scratching head HOW to increase retail participation???<br /><br />100 shares lot? That won't move the needle lah. <br /><br />Its a bit like Singapore Tourism Board targeting backpackers in their business plans. That won't happen unless some serious distraction happens...<br /><br /> <br />So when will SGX move from T+3 to T+1? Talk for many years; no action. Of course remisiers and dealers will block it!<br /><br />That will destroy the contra business totally!!! <br /><br />Why SGX not pushing it through like they did with doing away the 1.5 lunch hour break? Align with international norms mah. <br /><br />The pin now pricks their own skin? Got KPI on SGX turnover?<br /> <br />But if brokers don't have to take on credit risks of clients not paying, they can lower their brokerage fees.<br /><br />Make a guess why no retail investors pushing for T+1?<br /><br />Retail investors also got "distractions"?<br /><br />LOL!<br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-35752765500365271852016-06-05T22:11:59.719+08:002016-06-05T22:11:59.719+08:00Quote : "Ask your father, uncles, older cousi...<br />Quote : "Ask your father, uncles, older cousins - how did they survive when our brokerage fees before liberalisation was 1%? That's right! A round trip would cost us at least 2% - and yet retail contra traders that tome can still make money on such trades!?"<br /><br /><br />You har!!!!!<br /><br />Telling half the story<br /><br />How to make money from contra trading?<br /><br />Trade the heavy weight blue chip like OCBC, Creative, etc<br /><br />If I remembered correctly<br /><br />Those above $10 was $0.20, above $5 was $0.10, above $3 was $0.05 above $1 was $0.02 , below $1 was $0.01<br /><br />Can breakeven and made money with fewer bids. Nowadays, contra harder to make money, got to wait for more bidding.<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com