He doesn't even know the difference between OA & SA .
If he does invest in CPF,he has to beat at least 2.5-4% just to get even.
Was using OCBC to test how much charges there is for the CPFIA when buying/selling stocks.
OCBC charges me $5.35 per 2000 shares so it becomes a ridiculous $21.40 for 8000 shares regardless of the counter share price.
Then there is the quarterly charges of $2.14 per counter.
And all those is on top of the buy/sell comms depending on the brokerage you used to trade.
Ridiculous.
Was using OCBC to test how much charges there is for the CPFIA when buying/selling stocks.
OCBC charges me $5.35 per 2000 shares so it becomes a ridiculous $21.40 for 8000 shares regardless of the counter share price.
Then there is the quarterly charges of $2.14 per counter.
And all those is on top of the buy/sell comms depending on the brokerage you used to trade.
Ridiculous.
wtf!!!!!Was using OCBC to test how much charges there is for the CPFIA when buying/selling stocks.
OCBC charges me $5.35 per 2000 shares so it becomes a ridiculous $21.40 for 8000 shares regardless of the counter share price.
Then there is the quarterly charges of $2.14 per counter.
And all those is on top of the buy/sell comms depending on the brokerage you used to trade.
Ridiculous.
What about using CPFIS to prevent HDB from wiping out the OA? How long must I hold the funds outside of OA in e.g. STI ETF? Worth the effort?yep, I was running out of cash for investment once, and decided to go to the bank to open the CPF investment account just to get it ready when I urgently need to touch my cpf money for investment opportunities.
Upon checking with the staff about all these charges, I decided to forget about this option. It's too many extra charges, which is really ridiculous