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Stock broker for dividend growth investment

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Old 13-01-2020, 05:55 PM   #1
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Stock broker for dividend growth investment

Hi guys,

Which broker is good for long term dividend investment.

I am probably going to stick with SGX traded STOCKS & REITS.

Preferably brokers that allow auto dividend reinvestment at low/ no charges.
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Old 13-01-2020, 06:49 PM   #2
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What is considered low for you? A number is much more informative than 'low'.
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Old 13-01-2020, 09:22 PM   #3
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What is considered low for you? A number is much more informative than 'low'.
That's the problem, I dun know.
That's why I am asking here.. yeah.

Hmmm okay, say If I gave you and number say $5 per trade. Does that make sense?

And I cannot find much information reinvestment of dividends and their respective fees..
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Old 14-01-2020, 05:59 AM   #4
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That's the problem, I dun know.
That's why I am asking here.. yeah.

Hmmm okay, say If I gave you and number say $5 per trade. Does that make sense?

And I cannot find much information reinvestment of dividends and their respective fees..
You can look into saxo or Interactive broker.
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Old 14-01-2020, 07:37 AM   #5
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You can look into saxo or Interactive broker.
I already have interactive broker, as a Singaporean I can't use IB to trade SGX stocks.

Not sure if that will change now that IB has opened office in SG.
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Old 14-01-2020, 08:02 AM   #6
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I already have interactive broker, as a Singaporean I can't use IB to trade SGX stocks.
Itís because youíre a resident of Singapore, actually.

Not sure if that will change now that IB has opened office in SG.
It might, but thereís no real information yet except IBís declared intention to expand in Singapore in some way.
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Old 14-01-2020, 09:09 AM   #7
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[QUOTE=BBCWatcher;124599745]Itís because youíre a resident of Singapore, actually.


Yes, of course I realised that.
That is why I am looking for another broker.
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Old 14-01-2020, 09:35 AM   #8
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Yes, of course I realised that.
That is why I am looking for another broker.
Or another country of residence.

If you insist on trading SGX-listed stocks, then all you can do really is to find a broker that offers low commissions relative to available competition. Seedly.sg has published this comparison article which should provide a good starting point for your search. They don't seem to list the DBS Vickers Cash Upfront Account, and that's a fairly competitive choice on the buy side anyway. You could also take a look at the various monthly investment programs (POSB Invest Saver, OCBC Blue Chip Investment Program, etc.) to see if they would work "well enough" and what their costs are.
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